The U.S. Labor Market Throws Another Curveball with Peter Boockvar
Real Vision: Finance & Investing
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The Fed's Bond Term Funding Program May Lessen the Possibility of Another SVB-like Event
The Fed's Bond term funding program probably lessens the possibility of another SVB, but with the further bleed that it will create with bank deposits, you are likely going to see failures. We're just beginning a credit cycle, which is right now at least initially manifesting itself in commercial real estate where small, medium-sized businesses are sort of overweight. So there's definitely gonna be more pain in the banking sector.
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