Fed reports its largest loss in history: $114 billion in a single year.
That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses.
Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K
— Peter St Onge, Ph.D. (@profstonge) January 16, 2024
U.S. Banks are facing unrealized losses of roughly $685 billion. They are desperately hoping the Federal Reserve will cut rates sooner rather than later. pic.twitter.com/YsGjNqpCtm
— Barchart (@Barchart) January 16, 2024
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