Banking Crisis

Latest on Banking Crisis: Biden Speaks; HSBC Buys U.K. Arm of SVB (barrons.com)

Well, it looks like cash was withdrawn early so people could get their bonuses. I think the guy from Lehman is running this so we should be ok

I am not a banking expert. But.... When the government starts going out of their way to tell me something is safe, I start to worry.

Not being an expert in economics or human psychology, and if it wasn't more than 6-months away (more than two whole economic quarters... and well past the point at which the US Congress can really screw up the economy): I'd mark the calendar with the next inflection point circa October/November 2023... as I seem to recall the buying rush for Treasury bonds was around that time in 2022. I literally have no idea of what T-purchasers (of any sized wallet) are going to do when they cash out, but I definitely expect some herd behavior.

Decisions are made by organizations bloated by deficent spending and the lack of any real concept of accountability