I think 30 is just a first wave in a larger crisis that's about to spiral out of control. I reckon many banks would be operating in a similar fashion --- bought treasuries trusting FED projections while having ZERO reserves
I think 30 is just a first wave in a larger crisis that's about to spiral out of control. I reckon many banks would be operating in a similar fashion --- bought treasuries trusting FED projections while having ZERO reserves
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