"Inflation is just like alcoholism.
In both cases, when you start drinking or when you start printing too much money, the good effects come first, the bad effects only come later. That is why, in both cases, there is a strong temptation to overdo it --"
For those expecting a Fed Pivot: don't count on it. ❌
Inflation is 6.0%. Well above unemployment rate of 3.6%.
Still a historically unprecedented situation that suggests financial conditions are loose. Fed's dual mandate says they need to keep hiking.
Many don't realize the importance of Silicon Valley Bank to the economy & the ripple effects coming
SVB's failure is the beginning of a domino effect throughout tech & start-ups
I've worked in banking for 10+ years so let me explain why you should care & what it means for you:
12/ Thanks for reading!
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