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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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The Fed Will Know What It's Trying to Do With Cryptocurrency

The idea of saying, hey, we're going to pause has led to an almost 20% rally off the market bottom. The Fed really has the wrong tools to solve the structural problem at hand. They're dealing with structural problems with cyclical tools. Las Bear: I think that a lot of the knee-jerk reaction was really bad and panicking by people who have vested interests in seeing depositors be fully backstopped on one day. Ben Hunt: It highlights when push comes to shove, that financial stability clearly is top of list from the Fed's perspective.

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