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CD93: Bank Runs and Macro Update with Dylan LeClair

Citadel Dispatch

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The Social Media Era - How Fast Everything Spreads Information Knowledge

Sebastian: If you see a bank stock fall by 60% or something, most people are going to try and escape the bank. I mean, there's no negative of moving your funds. You don't get penalized, you can always move back later. And that's kind of what we're witnessing over the last week or so. We probably did not seem to end of it. Everybody became a banking analyst on Thursday and Friday. Not a bank account. Yeah. This is the most interesting thing about, about,. you know, social media era today and how, how fast everything spreads information knowledge. The trust and institutions break down quicker than ever before.

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