"Moment of Zen" cover image

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

"Moment of Zen"

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app