The nine-nation BRICS group consists of 5 surplus economies and 4 deficit economies, with surpluses in 2023 collectively amounting to 3.5 times the deficits. That means that even if the BRICS nations were willing to accumulate assets in each other’s countries (and they are not), they would nonetheless have to balance their collective surpluses by acquiring a huge amount of assets outside the BRICs economies. (It would have been more than $780 billion in 2023). 

Perpetually rising BTC prices would lead to societal impoverishment.     – ECB economists, ECB white paper, 10/12/24We are targeting an inflation rate of 2% over the medium term.     -ECB website, October 2024, in an astonishing lack of self-awareness per above In an economy with incomplete markets and consumers who are sufficiently risk averse, we show that the government can uniquely implement a permanent primary deficit using nominal debt and continuous Markov strategies for primary deficits and

Analysts said one reason for the jump in repo volume was the surge in so-called basis trades, a trading strategy which takes advantage of the difference in price between cash Treasuries and futures. These are financed in the repo market and their size has exploded with record bets against Treasury futures amassed by leveraged funds.     -Reuters, “Surging US repo activity likely exacerbating funding pressure”, 10/11/24 KASHKARI: IF US DEBT CONTINUES TO CLIMB, NEUTRAL RATE WILL CLIMB