Cratering Silicon Valley Bank's troubles could be the first sign of a new financial crisis. Here's what Burry, Ackman and El-Erian have to say.
"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.
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