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Exactly. The VCs were right, this saved a lot of regional banks and may just stave off a major recession
by FormerBandmate 4y ago
Exactly. The VCs were right, this saved a lot of regional banks and may just stave off a major recession
- eschulz 4y agoIs a recession this year still not considered likely, even before this SVB meltdown?
- pm90 4y agoThe labor market numbers have been strong despite rising interest rates and inflation has been falling (albeit still somewhat high). The signs seem to indicate a soft landing is possible. However: widespread bank failures and panics can change the situation in an instant. If belief in the banking system evaporates, its not just a recession but likely a total meltdown that we’re looking at.