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The Third Takeaway From Wall Street Investing
The CEO of Silicon Valley Bank was a director at the San Francisco Fed. If he was more plugged in than the rest of us, why would he greenlight the decision to buy 10-year bonds yielding 1.69% in 2021? The yield curve right now is inverted; this is an indicator of another recession within 12 to 18 months. A fourth takeaway from the Silicon Valley bank collapse is the risk of working at a startup.