Gonna be really painful when the market figures out they aren't taking inflation frightening seriously and longer term inflation expectations and the back of yield curve spikes. Watch HTM losses explode then and the fed won't be able go print to cushion like now without destroying the USD. Very scary.
Really like that quote! So true.
Gonna be really painful when the market figures out they aren't taking inflation frightening seriously and longer term inflation expectations and the back of yield curve spikes. Watch HTM losses explode then and the fed won't be able go print to cushion like now without destroying the USD. Very scary.