Lindsay Politi on the Silicon Valley Bank Fall-Out, Duration Bubbles and Inflation
Macro Hive Conversations With Bilal Hafeez
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Is There a Durability Bubble?
Durations are the time it takes for you to get your money returned. Central banks were doing with QE and buying bonds is they were distorting duration. They were just shifting the present value versus the future value. And that's what's interesting to me about Silicon Valley Bank, unlike the GFC where we really had assets where it wasn't at all clear what they were worth.
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