Wifey (@WifeyAlpha) tweeted at 3:12 PM on Wed, Mar 15, 2023:
The Fed told banks that inflation was transitory so they loaded up the truck, aircraft and ship with long duration and now that inflation is higher for longer they are fucked but only on screen losses. Gotcha.
(https://twitter.com/WifeyAlpha/status/1636128240694591489?t=S-K9Zc73lyu8PBDX0CI2dQ&s=03)
The Fed told banks that inflation was transitory so they loaded up the truck, aircraft and ship with long duration and now that inflation is higher for longer they are fucked but only on screen losses. Gotcha.
(https://twitter.com/WifeyAlpha/status/1636128240694591489?t=S-K9Zc73lyu8PBDX0CI2dQ&s=03)
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