Scary chart of the year...
Posted by Ken Waldron on October 3, 2023, 5:59 pm
-What happened when the Fed started raising rates. |
Why would you keep your money in the bank earning near nothing when you can make 5% + risk free?
So...not only now lacking deposits, but the banks also have a lot of investments in the shape of older poorly yielding treasury bonds that nobody actually wants...which suggests that any banks holding such depreciating now "non-assets" must be bankrupt.