BREAKING: Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024.
— The Kobeissi Letter (@KobeissiLetter) September 21, 2024
This is 7 TIMES higher than at the peak of the 2008 Financial Crisis.
Q2 2024 also marked the 11th consecutive quarter of unrealized losses as interest rates continued to… pic.twitter.com/S7WZP6eOWV
The “meat” of the matter
https://www.thebignewsletter.com/p/monopoly-round-up-the-enshittification?utm_source=post-email-title&publication_id...