"A 0.5% Neutral Rate Is Preposterously Low To Everyone But Economic PhDs"

By Eric Peters of One River Asset Management

"We’re far from neutral now," said America’s Fed Chairman to the Senate Banking Committee.

All those rent-seekers stacked up with commercial real estate holdings nodded in violent agreement. That of course includes the nation’s regional banks, which continue to succumb to the power of their systemically important rivals, now so big that they cannot possibly be allowed to fail.

Authored by Tyler Durden via ZeroHedge March 11th 2024