e tunning and rapid takeover of Credit Suisse, orchestrated by Swiss authorities Sunday, took one giant, wobbling domino off the table. Hours later, a group of central banks from around the world boosted the movement of US dollars through the global financial system to keep loans flowing to households and businesses and support the world's major economies.
Some regional banks have teetered on the brink over the past week, with anxious customers pulling tens of billions of dollars in cash from the smaller banks and placing them with bigger institutions that are better capitalized. Many other banks, the identities of which will likely remain unknown for quite some time, sought emergency loans from the Federal Reserve over the past week. Banks borrowed a record $153 billion from the Fed's discount window last week -- a last-resort option for banks to gain quick access to cash.Those loans do not indicate anything inherently wrong with the global banking system.
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At present, the high interest rate have put greater pressure onthe Federal Reserve's interest rate expenditure,the interest rate spread of treasury bond has widened, while liquidity is facing depletion. In the future, the US treasury bond market may be the next black swan.
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This could see crypto become the leading global currency whether that is BTC, ETC or something else 🤔 FFTB
10+ years of Fed QE and bank deregulation exposed too much risk in our financial system. Irresponsible borrowing to lift stock prices by both banks and corporations will bring everything down.
Χρειάζεται περισσότερος έλεγχος στα golden boys.