Quote:
Originally Posted by Firebot
And...the floodgates are open...or are they?
https://www.investors.com/market-tre...e-bank-stocks/
And the floodgates are barricaded as soon as the announcement of Signature Bank's collapse as a result of another bank run, regulators concede and guarantees all of SVB's depositors money.
This was absolutely needed, this was going to be catastrophic as the contagion was realizing itself.
Now we wait to see the economic damage as a result of some very negligent economic policies in the past 2 years, but needless to say for the rest of the year rates are likely to stay as is or go negative to save the economy. |
Oh wow, you think rates get cut now as a result of this? It looks to me like the fed has cover to increase rates as banks have immunity from rising interest rates, essentially.