Episode 11: Weekly Roundup 07.03.2023
Peter St Onge Podcast
The Fed and the Eurozone: What to Expect
Bundusbanc is now paying more to commercial banks and interests than it's earning on those bonds. The losses are not yet at the level of the Swiss national bank, which lost $141 billion last year. Still, the ECB losses are likely to grow fast. Europe, like the Fed, painted itself into a corner by printing metric tons of money during COVID.
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