Declining US net interest and miscellaneous payments, alongside shrinking small bank cash reserves, deepen regional bank crisis
πΊπΈ US net interest and miscellaneous payments on assets by private enterprises $95.2 billion. ππΌππ²ππ ππΆπ»π°π² π€π° ππ΅π³π²! Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV — Alex Joosten (@joosteninvestor) April 28, 2024 This means …