A generation ago banks knew that there was money to be made and they acted upon that faith, creating money for the world economy to enrich itself. But ever since 2008 banks have been scared to do it; the risk is too great! The Global Financial Crisis never ended, it continues to the present.
----EP. 239 REFERENCES---- It Isn't the Fed's Theater of Rate Hikes That Got Us Here: https://bit.ly/3wvRNKk Negative Swap Spreads (FRBNY): https://nyfed.org/3wuqYX6 Alhambra Investments Blog: https://bit.ly/3wh01G2 RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf