AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Bond Market Problem
When you say a bond market problem, are you really saying the mid to small banks that have all these bonds on their balance sheet? Because we already got a taste of that. It resulted in more bank failures per market cap than the 2008-2009 crisis. Is that still systemically in the system? And is that still brewing, but just kind of has been kicked to the right a little bit on the timeline? Or did they actually get all this under control? The banking problem was just a US fiscal problem. So they didn't get it under control because it's a deficit problem.