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kleinbl00 · 611 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
I dunno, man. The firehose of economic data I point at my face every morning is a giant stack of spooky shit. I think the fact that 2009 wasn't straight sorted has everyone jumping at loud noises. I agree with you - the Biden administration is gonna get pilloried no matter what but if you take a look at the WSJ's targeted stream of vitriol it's all about Powell. Believe it or not, they seem to hate interest rates more than they hate Democrats in this moment.