ha, top shelf theoretical stuff there winner. made my heard hurt as i tried to contemplate it
i resisted sharing this earlier in the year, but reading this and thinking through the 'doom loop' is another good way to give you a sore head
https://www.bloomberg.com/opinion/ar...tyle-doom-loop
mark to market of bonds in a rising environment errodes capital and puts divies at risk, so the theory goes.
at some point you just cant see the wood from the trees if you think too much about these things. Banks a pretty good proxy for the wider economy. On my investment horizon, I know the economy will be substantially larger in 10 and 20 years than now, and so will earnings and the SP, and stop worrying about it. Plus, HGH a pretty nifty bank, excellent NIM as percy points out, and ROE. Even better.