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Out of context: Reply #1154
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- grafician-1
"BREAKING: Wall Street Journal reports economists found 186 banks that could be prone to similar risks as Silicon Valley Bank"
- "BREAKING: UBS in talks to buy Credit Suisse"grafician
- A note: you can't have startups and basic old school banking. Also you can't have 10Y bonds vs. bank run liquidity needsgrafician
- Thiel called his buddies to withdraw = bank run = SVB fell. Many other banks need to liquidate long term bonds on a bank run
Mather of fact most of US banks...grafician - And no, this time the Fed can't QE out of it. Stay in cash and trade wisely, 50-100% gains on the table dailygrafician