Big news out today on CNBC about Gilead (NASDAQ:) drug cured all 125 people from serious COVID-19 conditions within 5 days, This is amazing to hear, stocks are popping today up 3-5% which is to be expected for this type of news but the damage to the financial markets has already been done.
But early data recently published suggests the Banking and Finance sector may continue to get crushed under a massive weight of real losses and exposure to risk in the Derivatives Markets. As with the 2008-09 Credit Crisis, Derivatives losses extended compound risk factors by 10x to 20x or more for in some instances. We believe the banking and finance sector may be setting up for a massive implosion if global derivatives implode as leveraged accounts collapse.
The Chinese/Asian economy is built upon the premise that global demand will continue without interruption over the next many decades. Additionally, China and Asia have leveraged capital systems and financial functions by deploying a very…
