The Market's Overambitious on Easing Rates

There's nothing that I see in long term T. No yields or longterm T. That tells me that I want to be on the long side of bonds and bet that rates are not going to go up. So that makes me think about all the banks that are just like SBB. Oh, that have been long bonds for over a year. And that their cash position, their financial positions are compromised. Because, you know, there's always more than one cockroach, Maggie. Sadly, that is true. That is for anybody's lived in city, city apartments. You need to panic when you see one.