RE:RE:Volatility in financials and general markets todayKind of a double edged sword. Higher rates help banks to an extent but crush the
economy therefore impacting the banks. I think the sword edge is sharper on impacting
the economy side so the banks take a hit along with the rest of the economy. This is just the beginning of the rise, that is what concerns me. I suspect it won't take much more before we see a more damaging impact.
Central Banks have not shown to be masters at handling such a delicate balance and
no one really knows exactly where the tipping is. From past examples, we'll all find out
after it has tipped and then the real scramble begins. I'm liking cash more and more
these days.