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Educate yourself on why banks are failing, particularly points 3) and 4): https://news.ycombinator.com/item?id=35255993 https://news.ycombinator.com/item?id=352
by systemvoltage 4y ago
Educate yourself on why banks are failing, particularly points 3) and 4): https://news.ycombinator.com/item?id=35255993 https://news.ycombinator.com/item?id=35255993
- andirk 4y agoI understand that even the safe bet is under water now, but that's a poor strategy to expect that for sure those bonds were safe. Is this true: any hike in interest rates since you bought the bond is usually bad? And they were bottomed out. Bunch of banks bought a bunch of super low interest bonds that can't even keep up with inflation. Cite: nothing
- deleted 4y ago[deleted]