FX Dollar Debt "Huge, Missing, and Growing."
The Bank of International Settlements warned today that there is a staggering $80 trillion worth of FX Swaps debt denominated in US dollars. Worse yet, this mountain of debt exists off the balance sheets of the institutions that hold them, and regulators and central bankers alike have very little clarity into who even holds it. This could result in a dollar squeeze that would spell disaster for financial markets.
Link to the BIS report: https://www.bis.org/publ/qtrpdf/r_qt2212h.htm
Chapters:
0:00 Intro
0:18 The Report
1:36 The Stack
2:30 Everyone Needs Dollars
3:24 Short Term Debt!
7:28 Nobody Knows
9:00 DXY Chart
10:00 Long Story Short
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#FXSwaps #80Trillion #MelonHead
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