"Only two days ago it was hard to think of something that could share the headlines today with the US jobs report. Well, and highlighting the current economic/financial/policy fluidity, we have something: banking system worries," El-Erian"Lots of chatter today about the possibility of generalized US banking system stress due to #SVB troubles.
Three summary things on this: While the US #banking system as a whole is solid, and it is, that does not mean that every bank is," El-Erian he also said in an earlier"Due to the volatility in yields after the prior protracted period of leverage-enabling policy, the most vulnerable currently are those vulnerable to both interest rate and credit risk.
Sorry term tenures seems to be the issue? Constitutions?
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'Big Short' Michael Burry warns on SVB stock rout: 'We found our Enron''Big Short' investor Michael Burry issues a grave warning after Silicon Valley Bank's stock rout: 'It is possible today we found our Enron' He never mentioned a name. Lehman bross if a sale or bail out not reached by Monday open we will have a problem For those who get easily confused (many fakes out there), Michael Burry's actual Twitter account is: michaeljburry Deletes tweet constantly. Joined November 2011
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