Rafi Farber: This Fed Rate Hike May Be the Last of This Monetary System
Want to hear something hilariously ridiculously ludicrous? Get this. The Chair(man) of the Fed(eral Reserve) actually said that Silicon Valley Bank was an irresponsible “outlier” because – get this – it bought too many US Treasuries! This, coming from the head of an institution that owns $5,328,000,000,000 of US Treasuries. The bank failures have begun. …
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