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Pod 19: Silicon Valley and Signature Bank Collapse, Regional Bank Crisis, The Fed's Response, CPI, and New Fed Policies for Markets

Unusual Whales

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Is the Fed Going to Do a Complete About Face?

I think the surgical nature of this BTFP just eliminated that tradeoff. And it's been my base case that, you know, unless we had a total collapsing CPI, I think the Fed, this is not going to dissuade the Fed from its continued mission. The state of inelastic supply means that very small changes in demand can create very large moves.

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