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How about bank failures? As in multiple banks have now failed.
by yeahsure22 4y ago
How about bank failures? As in multiple banks have now failed.
- VHRanger 4y agoThe bank failures (SI, SBNY, SIVB) were tied to stuff that grew 300% in 2 years (speculative VC crap, crypto) It's bad, but likely still a contained collapse (hopefully!)
- yeahsure22 4y agoIt doesn’t work like that, these banks didn’t fail because of exposure to particular industries. They failed to manage their IR risk just the same as every other American bank. Now they will all be in for some serious pain. In 2021 it would have been considered fringe economic theory for rates to hit 5%. Most economists would have told you it was more likely to be at -1% now.