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This seems to me like a crisis caused by the fed, and their ill-advised focus on inflation.
by jacknews 4y ago
This seems to me like a crisis caused by the fed, and their ill-advised focus on inflation.
- JKCalhoun 4y agoI might believe that if all banks were failing.
- jacknews 4y agoI have a bucket of popcorn for the coming week...
- dmn322 4y agoIt’s on purpose. They knew what they were doing
- jacknews 4y agohttps://www.nakedcapitalism.com/2023/03/silicon-valley-bank-fails-with-deposits-of-many-venture-backed-companies-frozen-how-bad-will-the-fallout-be.html https://www.nakedcapitalism.com/2023/03/silicon-valley-bank-... "Christopher Whaler, Chairman of Whalen Global Advisors in New York, said: ‘I think the Fed badly miscalculated the impact of rising interest rates and so these are self-inflicted wounds and if we see more banks fail then the Fed is faced with a very tough situation which may force them to drop interest rates.’"