4 ms·

I don't know what to think about this if not Fear-Uncertainty-Doubt

• Gibbon1 4y ago
  I think there is a very easy explanation. There is a rock and a hard place for banks because low interest rate debt tends to be safe from default. But drops in value when interest rates rise. After 15 years of zero interest rate policies by the Fed and other central bankers, banks are now sitting on huge amounts of safe from default low interest rate debt. And now that the Fed is raising rates the value of that debt is falling hard. My opinion is this is all on the Fed. They caused this problem, they need to fix it.