The Variable-Rate World Stares Into The Abyss – Again
Back in 2013 interest rates in the US and elsewhere started to rise, and the results were scary to put it mildly. Here’s an excerpt
Back in 2013 interest rates in the US and elsewhere started to rise, and the results were scary to put it mildly. Here’s an excerpt
Prudent Bear’s Doug Noland marks the fifth anniversary of the collapse of Lehman Brothers — and the near-collapse of the global financial system — by
It’s easy to assert that big banks and other holders of long-term bonds will be crushed by rising interest rates, but it’s tough to calculate
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