As we endure unprecedented disruptions in the banking sector here in the US, we tend not to pay attention to other markets internationally. That could prove VERY COSTLY as the interconnected financial and banking threads run globally in regards to who holds the debt and by extension who ends up shorting it when things go south.
We have been very uneasy with the derivaives being held on global banking ledgers, assets Warren Buffett described as weapons of mass financial destruction. When you factor in political turmoil as a precursor to financial calamity it certainly gives one pause in assessing the current situations globally. food for thought as we ponder this….