I have heard the past 3 years compared to being in the eye of the hurricane, which is about to hit from the other way, harder.
I read something last week that was doing analysis of the whole hedge fund/interest rate swaps setups.
She’s gonna blow!
All it would take is like a 1/2 percent increase in the prime, and four out of five of the largest banks in the world would immediately go insolvent.
If America lived in a stand alone world, they might be able to keep it going.
But with the Chinese, the Japanese, some of the EU holding so much US debt, they’re not gonna stand for measly couple-percent interest rates much longer.