It’s a house of cards and when it falls It’s gonna be ugly.
CC
U.S. Banks are sitting on $1.7 trillion in unrealized losses at the end of 2022. The losses were nearly equal to banks’ total equity of $2.1 trillion
https://freerepublic.com/focus/f-news/4140984/posts
And we will not be insulated from the fallout. The entire global economy will tank.