Oddbean new post about login | logout Not terribly far away from an order of magnitude compared to the numbers previously dealt with. Banks are in the oven, baking at very high temperatures and the timer is almost up. https://m.primal.net/IrOy.jpg
Already bailing out foreign banks. These bonds will never hit the market bid, the Fed will take the bonds and give them cash. Bailing out the world. https://www.zerohedge.com/markets/music-just-stopped-banking-giant-norinchukin-liquidate-63-billion-treasuries-and-european
Just country-sized holes in the balance sheet of US banks, nothing a bit of sticky tape can’t fix
We're going to need a bigger alphabet soup program to absorb those bonds aren't we?
Banks going to the fed looking for a bailout be like: https://m.primal.net/IrRp.mp4 nostr:note1cq6g8eljcp45hw0ppr8vuv9708xzw92qcana3mgfsd56e6c9vx3q35hqgy
Want to know how to scare dead people? This. 👇 This is how you scare dead people. nostr:note1cq6g8eljcp45hw0ppr8vuv9708xzw92qcana3mgfsd56e6c9vx3q35hqgy
