Birdwatch Note Rating
2023-08-19 14:38:46 UTC - HELPFUL
Rated by Participant: 9B15239882AAA746909A2860AA554396D102954164AC985ED734415D1472AB74
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Original Note:
It is important to realise that these are paper losses, due to the fast rate hikes by central banks. It is highly unlikely that central banks would keep rates so high that major banks would get in trouble by these paper losses becoming realised. More context on the graph: https://www.forbes.com/sites/brandonkochkodin/2023/05/31/banks-515-billion-of-quarterly-paper-losses-is-actually-an-improvement/?sh=5da78d09d8c8
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