quote: The frontiers wanted to make themselves TBTF. Well, they are now: at this point the government has no choice but | Hanami
quote: The frontiers wanted to make themselves TBTF. Well, they are now: at this point the government has no choice but to bail out the entire industry, just as intended.
Lehman -> Europe Sov Crisis -> Covid -> AI | Our tracker of hyperscaler off balance sheet liabilities shows $3.8 trillion as of Sept 30, up $700BN from June 30.
Adding $250BN in hyperscaler IG debt, the DV01 issued by the AI ecosystem in Q3 was about 25% higher than all Treasury issuance
That's why yields keep rising