Fed hikes rates to highest since dot-com bubble. The central bank’s key overnight rate will rise to a range of 5.25% to 5.5%. That is higher than it has been in decades.
(www.washingtonexaminer.com)
🤑 MONEY COLLAPSE 💥
That is higher than it has been in decades.
Banks and hedge funds are screwed. They're going to be taking 100% haircuts on treasury bonds.
The last rate hike CAUSED the dot com collapse (although they say it's the other way around) and this one will be bigger.