"Commercial banks are making 4.8% overnight at the FED and have had the privilege to make greater than 4.0% with 1-month to 1-year treasuries, but the regular person’s bank savings yield is only around 0.01% APR. The numbers just don’t add up." 'Shut up peasant' they explained....
Cash is viewed as a liability to banks in this environment. The system has become so perverted by decades of easy money it really only works within that bubble. The incoming commercial real estate bust is going to teach the banks what a real liability is - until they are bailed out by the depositors whom they have been screwing over. See, it all works out in a neat little circle.
Random check - 17 minutes after publishing. Timing is everything. Good article, Lion.
"Commercial banks are making 4.8% overnight at the FED and have had the privilege to make greater than 4.0% with 1-month to 1-year treasuries, but the regular person’s bank savings yield is only around 0.01% APR. The numbers just don’t add up." 'Shut up peasant' they explained....
Cash is viewed as a liability to banks in this environment. The system has become so perverted by decades of easy money it really only works within that bubble. The incoming commercial real estate bust is going to teach the banks what a real liability is - until they are bailed out by the depositors whom they have been screwing over. See, it all works out in a neat little circle.
Random check - 17 minutes after publishing. Timing is everything. Good article, Lion.
Exaclty, E!! Thanks for the feedback!
I’m back let’s collab bro