Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang
Forward Guidance
00:00
The Negative Effects of Rising Rates on Banks
I'm actually a buyer of banks at this level. I think banks are going to do very well. We're in an inflationary environment. So that means if you're a debtor, your income is increasing. But just broadly speaking, though, there are a lot of other places in the markets where we do have to be careful. The banking industry has been the worst performing within the financial sector over the last 14 years.
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