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Sticky Inflation To Remain A Bigger Problem Than Markets Are Ready For | Wolf Richter

Wealthion - Be Financially Resilient

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The Second Wave of Failures

During the financial crisis, we had a completely different issue that we don't have now. The credit was going bad and people were defaulting on mortgages. Now we have pristine assets such as treasury securities losing market value due to higher interest rates. But if you hold them to maturity, you're going to get face value. Yeah. All right, so I'm going to see more failures, but it's going to be relatively orderly. You're not worried about a cascade of failures that kind of gets beyond the authorities' control for change.

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