Steno's Signals: Liquidity Will Soon Be Drier than a Martini
Real Vision: Finance & Investing
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JP Morgan's Purchase of First Republic Bank
The FDIC will take a loss of at least 13 billion on this deal. Pack West another California bank is deeply underwater in equity space. I find it hard to see the argument for at baiting risks in this regional banking sphere. To me it looks like it will accelerate given the underlying momentum in liquidity.
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