As of early 2023, unrealized losses attributable to U.S. banks' HMS and AFS securities portfolio have exploded to $650 billion.
---https://nymag.com/intelligencer/2023/05 ... p-now.htmlPowell has made it clear that he doesn’t yet see a reason to cut rates since he wants to beat back inflation. (If you want to be cynical about it, a massive recession would probably bring prices down, but that’s not a very desirable outcome.) If he sticks with this, he still has plenty of ways to keep the economy from imploding, but he’ll have to go into uncharted territory.
Anyone feeling prophetic?
Would the media tell us if a crash was imminent?
How long is a "no debt ceiling" sustainable?
Or is it "not to worry," all is well in Zion?