Question for the experts:
If the bonds that SVB had are now worth $0.80 for every $1, and the FED is willing to pay (or loan) the full $1 for it now, does that pervert present value such that future $1 is now $1.25 and the FED screwed everyone by 25%?
Let me get this straight.
SVB bought bonds at low interest rates.
FED hiked the rates.
SVB's bonds are now worth less (proportional to the hiked rate).
FED is willing to make up for the discounted price.
Does that mean that the FED effectively just doubles it's expected inflation for the period?
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Act 1:
Bankers take the profits.
The people share the losses.
Act 2:
People call for public-banking only.
Act 3:
Introduce CDBCs
Final act:
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I'm DCAing hourly, but wanted a bulk purchase below 20k (those are rare). Oh well. At least it's still below 100k haha
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I was only able to get them today after the pump 😭
Bulk*
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You either get something like this or it's just pretend