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Lou Crandall & Joseph Wang: A Monetary Plumbing Masterclass
Forward Guidance
The Panic in Silicon Valley Bank
"This is largely panic driven because if you look at a graph of government money market fund assets over the past several months, you can see that they are edging up slightly," he says. "It's mostly about think depositors feeling more secure with putting money in their banks." He adds: If I'm a member of Congress and I don't have the votes to actually achieve fiscal reform, my response is not to threaten to take the US economy into a dark alley and bludgeon it to death unless you decide to change your votes to agree with me".
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