Macro Musings with David Beckworth cover image

Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic

Macro Musings with David Beckworth

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The Dispositive Effect of Fear Mongering on Social Media on Silicon Valley

On Thursday, $42 billion left the bank largely driven by fear mongering on social media and Twitter. Such a thing would have been impossible in the spectacular banking crises from 1930 to 1933. "Almost anything could become systemic with the right people talking loud enough," says John Defterios.

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