Their financial posts are pretty data driven with a doomer slant. They’re followed by pretty much everyone with a pulse in finance.
I would agree it’s not worth taking too much from their political posts.
Ok, so for the non experts, could the mismatch have been better managed with some kind of hedging against interest rate risk?
Also let’s cut to the chase, estimates for how many cents on the dollar that large depositors will get back?
Possibly, if it made it all the way to actual policy. Not sure how you’d know for sure what electricity is used for if you have a small operation.
ruh roh. Looks like Circle/USDC could be wrapped up in SIVB mess.
Holding Bitcoin in cold storage is a good place to be as the banking sector wavers and Fed about to be forced to pivot while still at elevated levels of inflation.
Here’s something on the crypto bank that’s folding up, but they had some of the same basic issues.
https://www.wsj.com/articles/silvergates-story-is-about-fundamentals-not-just-crypto-30f08fc6
So, the question remains, how high up the chain do these problems spread? Is this the kind of consequence that causes the Fed to pause or alter course?
regarding bailouts, We=the governement
As for the military, we're not talking small potatoes on assets. Also, results on the field? Let's avoid CR by saying we're not exactly Bama.
Also, private companies are going to fail. That's fine. Governments bailing them out is a worse mistake as it creates moral hazard and problems deepen.
The government is way better than the private sector in so many areas. Capital allocation, administration. Has anyone ever thought of putting them in charge of the means of production? Worth a try.
No I don't have a problem with Ukrainians doing it.
I'm sharing relevant reports about a pretty consequential action. And you should always consider sources and motivations behind reports, especially in wartime with propaganda flying everywhere.