[Mick]

https://twitter.com/BossBlunts1/status/1...1088150528

Bank of America facing the devaluation and illiquidity of $100B in US bonds. In the previous charts I posted, their exposure was the highest among the big four banks.

On a separate note, worldwide adoption of quantitative easing will potentially collapse the German central bank, causing inflation and economic instability while a war rages nearby. France and now Belgium are dealing with rioting. Interesting times.

Chickens are coming home to roost, as you pointed out Rog.

Bank of America Braces for Massive Bond Losses as Yields Soar

Interesting points:

- Since bond yields are up, bond prices are down, losses are up.
- BofA easily the most exposed bank with $111 bils. in paper losses on 6/30/24.
- This is a major reason why SVB failed
- Industrywide bond losses could top $500 bils., up from $364 bils. at the end of last quarter.
- BofA's stock still booming, up 35% in last 12 months, 23 analysts still average a "buy" rating.

[Mick]

https://twitter.com/BossBlunts1/status/1...1088150528

Bank of America facing the devaluation and illiquidity of $100B in US bonds. In the previous charts I posted, their exposure was the highest among the big four banks.

On a separate note, worldwide adoption of quantitative easing will potentially collapse the German central bank, causing inflation and economic instability while a war rages nearby. France and now Belgium are dealing with rioting. Interesting times.

Chickens are coming home to roost, as you pointed out Rog.

Bank of America Braces for Massive Bond Losses as Yields Soar

Interesting points:

- Since bond yields are up, bond prices are down, losses are up.
- BofA easily the most exposed bank with $111 bils. in paper losses on 6/30/24.
- This is a major reason why SVB failed
- Industrywide bond losses could top $500 bils., up from $364 bils. at the end of last quarter.
- BofA's stock still booming, up 35% in last 12 months, 23 analysts still average a "buy" rating.