Arthur Hayes Warns of Potential Crisis in US Banking System

03/10/2023 01:37 • Metaverse Matters • 86 views

According to reports, Arthur Hayes, founder of BitMEX, tweeted, “Powell may have pierced the banking system crisis in the United States. In 2008, the bank’s non-performing credit portfolio — also known as the subprime crisis. In 2023, the bank’s long-term bond portfolio, such as UST and MBS? If it falls sharply, please remember that in March 2020, it fell sharply, rescued the market, and then rose sharply!? I am ready.”

Founder of BitMEX: Powell may have pierced the banking system crisis in the United States

Analysis based on this information:

Arthur Hayes, founder of BitMEX, recently tweeted about his concerns regarding a potential crisis in the US banking system. He referenced the subprime crisis of 2008, where the banks’ non-performing credit portfolio led to a major financial crisis in the US. He then compared this to the long-term bond portfolio, specifically the UST and MBS, which could cause a similar crisis in 2023 if they were to fall sharply.

Hayes’ warning comes as the US continues to face economic uncertainty caused by the COVID-19 pandemic. The Federal Reserve has pumped trillions of dollars into the economy to stabilize it, and many experts have warned about potential long-term consequences, such as inflation and financial instability.

Hayes’ tweet suggests that he believes the banking system is vulnerable to a crisis, but also acknowledges that the market was rescued in March 2020 when it fell sharply. He seems to be indicating that he is prepared for a potential crisis and that it may be necessary to take action to mitigate its effects.

While Hayes’ tweet is concerning, it is important to note that he is not the only person who has expressed concerns about the US banking system. Many experts have pointed to the growing debt levels, low-interest rates, and overall economic instability as potential risks to the system.

In conclusion, Arthur Hayes’ tweet is a warning of a potential crisis in the US banking system, specifically related to the long-term bond portfolio. While this is concerning, it is important to monitor the situation and take appropriate steps to avoid a major crisis. The market may have been rescued in the past, but it is always better to be prepared than to be caught off guard.

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Arthur Hayes Warns of Potential Crisis in US Banking System

Founder of BitMEX: Powell may have pierced the banking system crisis in the United States

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