A true truth. I was not aware that mgmt at SVB went so lopsidedly woke. I still do not understand (well, I understand the mechanics, but not the stupidity of the strategy) of “parking” short term funds in 10 year bonds, when Powell has stood up behind his gilded podium and promised in no uncertain terms that rates would be jacked.
We are being run by wokesters who never got an education, even though they all graduated from Ivy League, or west coast equivalent, schools.
There's another saying: stolen elections have dire consequences.
They both make sense now, don't they.