“Right now, investors are actually seeing it as a good news story,” Mr McCrann told Sky News host Andrew Bolt.
“It could cause the fed to back off on raising interest rates and maybe even start to cut interest rates.”
Is Herald Sun Business commentator Terry McCrann vaccinated?
SVB was the world's wokest bank, which is saying a lot these days. They had little expertise and even less interest in risk-mitigation. Most of their clients were über-wealthy 'progessives', so of course the Biden administration will cover their losses.
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