collectively
us banks lost 650 billion lost
when u hear the inverted shadow gets longer and longer until the sun sets
dat wat they mean Banks run even keeping cash in pillows and the need to leverage 1000fold to turn the outflows into an inflows.
JP Morgan profit 13billion 3rd quarter.
you win some you lost some.
The executives dun lose anything.
America is a house of cards.
(07-11-2023, 03:58 PM)Migrant Wrote: [ -> ]JP Morgan profit 13billion 3rd quarter.
the 40billion is unrealised floating loss
they have not cut lost
so its not counted in the books
These are losses in long-dated bonds.
If hold until maturity losses will disappear.....
Only when there is a run on the bank and they are forced to sell then this problem become real and serious.