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
Wow, process THIS…..
https://twitter.com/PaulGoldEagle/status/2077101710942875958