2min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

The Scale of Unrealized Losses

In a speech just days before the SVB crisis, March 6, 2023, FDIC chair says current interest rate environment has had dramatic effects on banks' profitability and risk profile. "All the banks are out of money. And I'm hoping you don't come," he said. The Fed is now down into the right. This is the graph that the FDIC chair is referring to. this is the financial crisis.

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