from Balaji | by Balaji

Balaji

@balajis

over 2 years ago

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"So who really owns the failure of SVB? The Fed. By hiking rates in a totally unprecedented manner less than a year after assuring...that they were NOT going to hike rates until 2024, they created...the second-largest bank failure in US history." t.co/vPibqL5wn6

@profplum99 and I independently came to the same conclusions from looking at the data, and we don't normally agree. You should read his excellent piece.