Michael Wang
@michaelwang
Is it fair to summarize Balaji's argument as: Regional banks will collapse -> the fed will have to do more massive QE -> more QE will lead to hyperinflation Sound right?
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Michael Wang
@michaelwang
If so, I find it unlikely. SVB collapsed because it was too concentrated in tech, and then everything flipped. For the whole system to experience concurrent need for deposits, there would need to be a huge recession like 2008, but the fed saved them. There is no reason currently for people to with from JPM?
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