UGLY! FNMA Collapse! We Are in a Recession!The recession began in earnest in late 2022.
Subsequently, in March 2023, Silicone Valley Bank was wiped out; the feds took over and now here we are on the other side of the expansionary cycle. As it currently stands, banks are still sitting on hundreds of billions in unrealized losses.
This can collapse faster than you can blink.
Dump 'em!
