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Mostly agree, but panic isn't always rational and I suspect most people will react emotionally rather than look at their bank's books like you did.
by schrodinger 4y ago
Mostly agree, but panic isn't always rational and I suspect most people will react emotionally rather than look at their bank's books like you did.
- dragontamer 4y agoIf the banks books are solid, they should survive a 25%ish decline in deposits, which was roughly the level of SIVB on Thursday. I don't expect a 25% decline across the industry however. The knock-on effects will be smaller. With a smaller "shockwave" of runs, combined with stronger bank fundamentals, I really don't think we're looking at a big domino-effect 2008-like collapse here.