Replying to Avatar Piccolo

Yep, and this false precursor narrative by Yellon 👇 is eerily familiar, having lived thru the 2008-09 GFC. Same story just different players and bigger numbers, unfortunately.

So more papering over to come.

https://www.reuters.com/markets/us/yellen-working-address-svb-collapse-not-looking-bailout-2023-03-12/

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Piccolo 2y ago

Oh, and a good heuristic: whatever the Fed or Treasury says publicly, they’re probably gonna do the opposite 😂

Especially true during times of inflection (aka financial crisis).

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