Quiet day on Twitter today versus the past six days.
What are drama addicts to do?
Credit Suisse has been flimsy at least back to the mid 2000s. They lost 1.6B recently. And they’re running out of capital sources to strengthen their balance sheet. They’ve diluted the stock. Their investors are dry. The ‘bank runs’ are doing their work. But I don’t see reasons for this contagion to spread other than psychological, and caused by other than fed interest rates, and the fed having created this problem by baiting banks and the public into hazard. (Yes, in our reforms, we’ve addressed how to prevent these questions in the future by preserving ‘calculability’.)
Source date (UTC): 2023-03-15 17:11:11 UTC
Original post: https://twitter.com/i/web/status/1636052433934733312
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