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7min chapter
The SVB Debacle: The Biggest Myths, the Out-of-Control Blame Game, and the Worst Takes
Plain English with Derek Thompson
Is There a Recession in the Financial System?
I think we're in the eye of the storm right now. We don't know if that storm is just going to go away magically or if it's still here and there's other dominoes to fall. It could be that this is like a deflationary force and it's going to work in the Fed's favor for inflation. What does that mean? We get a recession and a potential financial crisis. Michael, prediction time, what are we going to see with the next Fed meeting? This is the first Fed meeting where there was not unanimous consent.
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