He’s not going to have a choice. Q4 2024 FDIC report showed American Banks sitting on 3/4 of a trillion dollars of unrealized losses. How much you think they’re down now? When the debt matures, they can’t pay it. Public and private sector are insolvent. No way around it.
Discussion
Oh I totally agree. I'm just surprised they haven't cried uncle yet. The liquidity is definitely coming, just a matter of will something else have to break for them to act. They had a closed door meeting today so we will see what happens