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2min chapter
The Panic of 2023 (EP.299)
Animal Spirits Podcast
The Fed Is Not the Only Cause of the Problem
The rise in interest rates from 70-70, 1980 was the steepest. But this one has never raised rates as fast as they did to this level. So you didn't have the catch up period. It happened so fast. Everything got annihilated and I guess I'm surprised it took this long. This is a clear line of demarcation. There was a before SVB and after banking will never be the same. How come it's always a bingo card by the way? Why does it always have to be a bingoCard that is a forecast? We're going to get into it here.
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