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Pod 19: Silicon Valley and Signature Bank Collapse, Regional Bank Crisis, The Fed's Response, CPI, and New Fed Policies for Markets

Unusual Whales

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Did the Fed Have to Save the Day?

Mortgage prices were coming down for whatever reason somebody somewhere was selling. That forced them into lower coupon MBS, which meant once they started raising rates, the duration's essentially doubled. Ben Hunt: To blame this on the Fed is like blaming Hannibal Lecter's crimes on the lack of vegan options on the menu.

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