Fun fact: bank credit is now contracting! Since dollar standard (‘71), that’s only happened once before: 2008. Losses in T bonds will far worse than mortgage losses. Stocks are on the verge of a massive collapse. Fractional banking does’t work in reverse. Few. pic.twitter.com/0fzX16lYGn
— Porter Stansberry (@porterstansb) October 15, 2023
Banks losses on held to maturity assets are already at an all-time high of $400 billion. Do you think this will get better or worse from here? pic.twitter.com/7Lqc9tXrRC
— Barchart (@Barchart) October 16, 2023
Oh, it will get MUCH worse.
Coincidentally, I posted about this today for Wells Fargo.@coralcoral55984 There's some more detail in my post. https://t.co/zHPguTmf5Y
— McSqueezyTheCow (@McSqueezyTheCow) October 16, 2023
After trillions of dollars pumped into the economy… Rusty is testing pre-covid highs. pic.twitter.com/rlUSR7YgS9
— AGTRADER (@Ag_trader89) October 15, 2023
Amidst Bond Turmoil and War, Fed Powell Grapples with a Crucial Decision Point
Powell faces a tightrope walk in addressing rising inflation and interest rates. Speaking soon, his comments will be closely watched for hints on the Fed’s next moves. Recent swift increases in bond yields indicate the central bank’s policy may be at a crucial crossroads, with analysts noting a shift from just inflation to also preventing a potential recession.