Vapid. The problem is the intersection of inflation vs interest rates to suppres

Vapid.
The problem is the intersection of inflation vs interest rates to suppress it, and no possibility of buyback from the treasury on 2% securities that they can re-issue at 5%. This would prevent both SVB failure AND contagion because it was a simple liquidity problem caused by the delta in interest rates due to the killing of the bond market by the treasury by increasing interest rates. I don’t see distortion out there. I see debt out there. But not distortion.