Bill’s Commentary:
“Holy shit!”
Bill’s Commentary:
“And thus the timing of the attack?”
HISTORIC! First Freight Train From China Wheels Into Iran, Flying In The Face Of American Sanctions
In what could only be termed as a geopolitical coup, the first freight train from China rolled into Iran this week. Flying in the face of the US sanctions aimed at crippling Tehran’s oil trade and isolating Beijing, the rail line will not only boost trade between the two countries, but would also undermine America’s influence in the region.
The project has its genesis in the USD 400 billion economic agreement inked between China and Iran in 2021 as part of Beijing’s Belt and Road initiative. It is a testament to the China-Iran nexus that is getting stronger after strategically trapping the US Navy in the Red Sea. The new rail route shortens the delivery times for Iranian oil exports and helps China evade the Malacca Strait choke point.
Bill’s Commentary:
“A very good article re the “plumbing” of markets. I have always told you what comes will be a credit/currency event, a lack of liquidity will certainly do the trick…”
The Great Illiquidity Crisis Nobody’s Talking About
On the surface, markets may currently appear to be calm, almost suspiciously so. While the S&P 500 continues to push higher, volatility has decreased to near post-pandemic lows, and capital is trickling back into risk assets that were recently under pressure. To the casual observer, it feels like stability has returned. But that calm is deceiving.
Beneath the headlines, market liquidity is quietly deteriorating. Bid-ask spreads are widening in places that used to be tight. Treasury auctions are growing more volatile and trading volumes in key segments are thinning out. It has not yet shown up in the VIX or mainstream coverage, however, the structural cracks are there.
BillHolter.com 
Thank you pamelamoves@gmail.com
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