Mike Mayo: the US has become Japan-like
The Fed’s Operation Twist pushed 10-y US Treasurys solidly below 2%, crushing Banks’ profit margin. Mike Mayo says this will be the worst decade for the US banks since 1930s.
Thoughts and discussions on economics, finance and investing, with a focus on China – a publication by MG Research
The Fed’s Operation Twist pushed 10-y US Treasurys solidly below 2%, crushing Banks’ profit margin. Mike Mayo says this will be the worst decade for the US banks since 1930s.