like an army of MIT PhDs didn't model obvious 1st-order effects
literally everyone who knew anything expected it, it's built into every model
what is supposed to happen if the Fed reports book losses or negative equity. hard to go bankrupt if you can literally print money. stupidest FUD and agitprop and unfortunately typical of the WSJ opinion section
literally everyone who knew anything expected it, it's built into every model
what is supposed to happen if the Fed reports book losses or negative equity. hard to go bankrupt if you can literally print money. stupidest FUD and agitprop and unfortunately typical of the WSJ opinion section