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3min chapter
Chris Whalen: The Fed Is To Blame For The Collapse of Silicon Valley Bank
Forward Guidance
The Fed's Going to Have to Drop Interest Rates 50 Bibs
If this turns into a major banking contagion next week, Jack, Jerome Powell's going to have to resign. The implications when you've messed up the real world politically are rather severe. And by the way, let's forget about rising interest rates. Even at current interest rates, forget about raising interest rates, even if we leave rates where they are, the banking industry has still got to solve it. That's the fear that's driving this. Take problem and explain how the dominoes fall.
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