Christine Kim (Galaxy Research) on ETHDenver & Upcoming Ethereum Upgrades
Galaxy Brains
Are We Going to Have Unintended Consequences to Monetary Policy?
When you can get 6% on low duration stuff, those business models are going to be fundamentally challenged. And this, and if you think about it, like the Fed's balance sheet right now, that's exactly what it is. They've got overnight rates to pay. Right? The average duration of that bond portfolio is probably like six years, seven years,. But they've got to pay the banks. Yeah.
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