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Replying to Avatar Susiebdds

Just now talking to a friend about the concerning situation with SVB, regional banks and Credit Suisse…

Him: “Oh don’t worry about it, things will be fine. This sort of thing happens every few years.”

This is a very accomplished, self-made man who built an extremely successful insurance business from the ground up!

I guess the building being on fire isn’t enough for most people to see it. They are going to need it to burn to the ground to start feeling concerned 😓

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fp 2y ago

Look, none of these failures lasted even a few hours of the trading day. Governments are signally that they are willing to backstop treasury based failures. So this time is different.

Until they can’t. We are just not there.

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