I’ve read some alt media analysts who predicted when short-term rates rise 3 or 4%, the bond and derivative portfolios will sink the banks and pension funds. Marking to mkt and the need to sell before maturity. There have been a lot of Boomers retiring early the past three years due to Covid putting a strain on the balance sheet.
I guess they were correct. Their equity positions gave them the returns to remain solvent and that may have stalled. Near zero interest rate bonds have destroyed their model.
CBDC will be discussed as the saviour this year as more banks fail.
I’ve read some alt media analysts who predicted when short-term rates rise 3 or 4%, the bond and derivative portfolios will sink the banks and pension funds. Marking to mkt and the need to sell before maturity. There have been a lot of Boomers retiring early the past three years due to Covid putting a strain on the balance sheet.
I guess they were correct. Their equity positions gave them the returns to remain solvent and that may have stalled. Near zero interest rate bonds have destroyed their model.
CBDC will be discussed as the saviour this year as more banks fail.
Time to short the shit out of everything
indeed things are accelerating.