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> The Fed gave plenty of warning that they would raise rates. In 2022. Up till the end of 2021, they kept saying inflation is "transitory". According to repor
by hnfong 4y ago
> The Fed gave plenty of warning that they would raise rates.
In 2022. Up till the end of 2021, they kept saying inflation is "transitory". According to reports SVB bought a bunch of 10 year MBS in 2021.
SVB is obviously incompetent in believing in that Fed BS about transitory inflation -- wait but should they have believed in the rate hikes as well then?
- noelsusman 4y agoIf your solvency as a bank relies on you accurately predicting inflation and/or fed rate decisions then something has already gone terribly wrong.