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The assests they sold recovering as soon as intrest rates drop is as close to a sure thing as you get in finance. The only reason to realise the loss is they n

• DebtDeflation 4y ago
  >as soon as intrest rates drop Which could take a lot longer than people seem to expect. If you look at the past 100+ years of economic history, 2009-2021 is a complete anomaly. ZIRP is not the normal state of affairs, nor are negative real rates. There was an attempt at returning to normalcy from 2017-2019 but then Covid hit. Starting last year the Fed is attempting once again to return to a normal monetary environment. Rates are likely headed higher than people think and will remain there longer than people think.