🇺🇸 Kyle Bass 🇹🇼 on Nostr: Just imagine a $13 trillion (70% of GDP) equivalent debt market for local governments ...

Just imagine a $13 trillion (70% of GDP) equivalent debt market for local governments in a death spiral. Their only hope is for all of them to sell their sovereign real estate holdings into a marketplace already in a full-scale crisis…which has made the banking system insolvent. https://t.co/cSFqDeyEAq