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Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang
Forward Guidance
The Banking System Is Stuck
Any levered institution, what are you talking about? A hedge fund, a financial company, a brokerage firm, a bank, I think is going to continue to be under a lot of stress. And so as far as the banking system goes, I think that they're kind of stuck. They might provide you a place to hide because they're not going to go down as much. DeFi, crypto is trying to disrupt them. Maybe it does. But it's going to be a long road before they get there.
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