August 16, 2023
Treasuries are decisively breaking below the levels that triggered the recent banking issues.
The inflated valuation of financial assets hinges on a low cost of capital environment, a circumstance that no longer holds true today.
Are investors starting to grasp the significance of structurally elevated discount rates but there is a long way to rectify these deeply ingrained valuation imbalances?
Posted by: Timothy Birdnow at
11:20 AM
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