I'm saying that potential bank fallout is a more grave and immediate threat than inflation. I'm saying that potential bank fallout is a more grave and immediate threat than inflation.
If I were chairman Powell the last thing I would be concerned about is so called credibility. Not exacerbating an already precarious banking crisis is far more critical.
Excellent article. Evidently, SIVB is not the only bank that forgot to hedge. If the Fed continues to raise rates (I think they will pause) we could see an extended crisis.
If you truly are KO don't come on here and flap about investing. After your last debacle with SBF you have ZERO credibility. You didn't do your homework.
$54 billion doesn't even begin to cover liabilities of Credit Suisse. This is psychological damage control for investors to prevent mass panic. So far, it's working.