Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish
Jeff For Banks
JUNE 2, 2023
To you, manage your interest rate risk. By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. So, to summarize my lessons learned from every crisis in the last 35 years: - Manage your interest rate risk; - Meteoric rises are often accompanied by gravitational falls.
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