Our banks are breaking away from the traditional lending model that is dependent on FED rates. New income from wealth management cushions any rate cuts. ROE is is blistering double digits. We are talking about financial behemoths growing at this pace, not small upstarts. Profits are in the record billions. Trumps cannot find an off ramp to get out of Iran war. Middle East is still not stable and won't be stable for years to come as Hormuz becomes a point of contention. Everyone wants control. And when everyone wants control, they make sure no one gets it.
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