"Former US Treasury Secretary Larry Summers is right when he says that even if contagion fears can be doused, what we have here is a growing string of events … that keep coming on top of each other."https://t.co/XWKg80lD8K
— wretchardthecat (@wretchardthecat) March 15, 2023
84% OF AMERICANS BELIEVE TAXPAYERS SHOULD NOT BE REQUIRED TO PAY TO RESOLVE BANK PROBLEMS -IPSOS POLL.
— FinancialJuice (@financialjuice) March 15, 2023
First Republic $FRC down over -18% this morning. pic.twitter.com/a80Z4AP2bG
— Ayesha Tariq, CFA (@AyeshaTariq) March 16, 2023
If JP Morgan is right that 2 trillion could be injected via the new lending program, we are talking about a 20% increase to the Fed balance sheet (again)
That is SUBSTANTIAL
— Andreas Steno Larsen (@AndreasSteno) March 16, 2023
In at least one respect, we are witnessing the re-emergence of 2008. The MOVE Index, which tracks implied volatility in US Treasury yields, has reached December 2018 levels. pic.twitter.com/qZvGfigEqP
— Holger Zschaepitz (@Schuldensuehner) March 16, 2023