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SVB Bank Run. Is 2023 a re-run of 2008?

The David McWilliams Podcast

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The Yield Curve Is Inverted, So What's the Impact?

Short-term interest rates are higher than long- term interest rates. Because of the way in which the Fed is aggressively going after inflation, the yield curve has inverted. So it means they're paying out more on deposits than they are getting in on their investments at the far side. And one final problem is because bonds are what they call a fixed coupon, there is an inverse relationship between the rate of interest and the price of bonds. What you can see is despite all the talk about technology change in the world, and it probably will do, what in effect the tech bros were doing, and the bank, and in effect the American government, they were all taking a large bet on

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