Not sure. I know that the Bank of Canada has calculated that it will lose money for the first time, for the next 3 years. The dominoes are starting to fall but like I said, we still have time.Not sure what is exactly is going on in Australia. Are we having a Lehman moment here? And what does this say about other countries and their central bank money printing for Covid?
After the Australian fiscal year ended in June, the Reserve Bank of Australia marked its bond holdings to market - wiping out all its reserves.realmoney.thestreet.com
Australia's central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it was not insolvent and would continue as normal.www.reuters.com