6
The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns
(www.businessinsider.com)
this post was submitted on 08 Jan 2024
6 points (60.0% liked)
United States | News & Politics
7156 readers
483 users here now
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
My understanding is that the government knows these banks are insolvent from underwater bonds, and quantitative easing is how they’re trying to keep that swept under the rug. It’s some hat trick around the bonds’ values.
The bonds are underwater as a direct result of the Fed raising rates, and they knew, or should have known, that this would happen.
I think this is the QE hat trick currently in play to rescue banks: https://longviewfa.com/how-the-banking-failures-unfolded/