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0 sats \ 1 reply \ @faithandcredit 25 Apr 2023 \ on: Daily discussion thread
Starting to think 2008 was 75% media fear porn for lack of a better term. I mean what went down was amplified by the media and it seemed like it was going to end the world as we know it.
But then compare it to 2023 with svb, frc and signature bank? The bailouts are bigger but a month later its like it never happened
The difference was in 2008, there was actual debate as to whether to bailout the system, so non bailout risk was getting priced in.
Now there is no debate, everyone knows the balance sheet goes to infinity if required. Now when something blows up and the fed says they will step in the market calms down. This will continue to happen until the moment it doesn't and the market doesn't buy what the fed is selling anymore. That's when the real fireworks happen.
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