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Talk Your Book: The Carrying Cost of Crazy
Animal Spirits Podcast
What's Going to Happen to Silicon Valley Bank?
Dr. David Kelly: The Fed went from 150 miles per hour in 2021 to absolutely jamming on the break. He says this is probably a pretty idiosyncratic issue and not an economy-wide issue. But unlike the great financial crisis, I don't think there's bank constraints or banking pullbacks are going to be a reason for economic weaknessThis time around. Dr. Kelly: There're plenty of risks because we had this long period of time really from 2008 through 2019 with Federal Reserve cap rates at extraordinary low levels.
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