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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Logic is simple
1. Fed rate hikes caused treasuries to fall jn market price
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2. Banks are biggest holders of US treasuries.
3. The total loss is marked at $600B to market.
4. Once bank has liquidity problems it has to sell.and recognise the loss. Overnight the bank will collapse.
5. US has 5000 banks.....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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collapse better. the whole usa is a ponzi that can only print money.