I also deem it could be insurers, although many claims It cannot happen as they don't have to market to market. But so were many claiming for the (US) banks as well. Not sure...
What will the next thing be? I’m scratching my head still (I think there is a strong chance that it is insurance and reinsurance when Balance Sheets will be tested by some VAR Shock in the future). All I know is that when it does happen there will be lines of people queueing up on Twitter/X and Substack claiming that they saw it coming.
I also deem it could be insurers, although many claims It cannot happen as they don't have to market to market. But so were many claiming for the (US) banks as well. Not sure...
What will the next thing be? I’m scratching my head still (I think there is a strong chance that it is insurance and reinsurance when Balance Sheets will be tested by some VAR Shock in the future). All I know is that when it does happen there will be lines of people queueing up on Twitter/X and Substack claiming that they saw it coming.