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Jeff Snider: The Credit Crunch Is Here As Ultra Rare Bond Market Signal Flashes Red For First Time Since 2008

Forward Guidance

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The Distortion of Silicon Valley Bank

The federal government borrowed funds from the treasury market. Many banks created money on their own to pay for those treasuries, but essentially it was a redistribution because that's what the federal government really does. Jeff Bezos: Silicon Valley Bank got hit with this huge windfall of deposits. He says they fooled themselves into believing this one time distortion was represented a permanent shift in their business fortunes.

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