On The Brink with Castle Island cover image

Weekly Roundup 05/05/23 (Bank apocalypse, Biden's miner tax, Bhutan's crypto ambitions) (EP.422)

On The Brink with Castle Island

00:00

The Fed's Universal Deposit Guarantee Will Not Stop the Rate Hike

I don't see a mechanism that causes this to stop unless rates are cut in very short order. The equity buffers for these banks is eroded by the week. Some measure has to be taken to restore confidence here. Otherwise it'll just continue to happen.

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