Peter
downtown josh brown ✅Feel pretty good about saying the top is now in for interest rates. Unless we want a wave of bank runs this summer.
Irukandji@downtownjoshbrown I think you are obviously right. The Fed stopped raising rates and reversed course in 2008 right after WAMU, but it as almost always was late. I Would love to see different policy levers. The existing ones feel like driving a car with limited visibility and a rusty steering wheel.
Yoshimitsu@downtownjoshbrown I think you are 100% right
Ipso Facto@downtownjoshbrown The CPI print this week might have something to say about that. While I get that rates affected SIVB’s books, it was their botched attempt at management that got them into trouble. I still haven’t seen another bank have the same problem as SIVB, yet. The problem of financial idiocy on socmed sites spreading FUD and causing bank runs is more problematic.
@downtownjoshbrown I’d take the bet against. They’re going to hike 50 bps. No more rate hikes because 5 banks failed because they went into crypto or were irresponsible reckless and controlled by delusional Silicon Valley VCs who went on a 48 hour communism buzz while 170 banks are running fine? Please.
@openbayou ok. Let’s see.
@downtownjoshbrown damn! Should have said 0.25%
@downtownjoshbrown If that indeed is the case, I hope it plateaus until at least mid-May. For reasons