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Pod 20: March FOMC, Banking Collapses, Jerome Powell, 25 bps, and the Fed Navigating Sticky Inflation

Unusual Whales

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What's Going on With Regional Banks?

Bob Greene: I'm going to go right into this we had some good discussion there, especially with what Michael was saying a moment ago. We have rate, you know, the Fed starts the hammer rates lower and more importantly they start buying trillions of mortgages. And so that's crushing mortgage spreads. Who is in trouble? So that's what we're talking about. If we create a portfolio with cash flow, we will heal with time. But now we had the Fed complete reversal on every single bank in the U.S. It's not just the bond portfolio; it's also the loan portfolio. And the break is coming.

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