Posted on 03/15/2023 7:51:35 AM PDT by Kaiser8408a
No possible way this happens. Inflation is Godzilla. Everything else is manageable, and banks are run by idiots. Let the banks die, back stop the depositors, and let them go to banks that are run by adults.
But do not cut the interest rate. 50 bps. Do it.
Let the banks die, back stop the depositors, and let them go to banks that are run by adults.
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Kevin O’Leary (a.k.a. Mr. Wonderful) is saying the same thing. He and his companies had money in SVB but he doesn’t like the moral hazard the bailout creates.
Economy will collapse before rate hikes will tame inflation...
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