Doq Holliday
@doqholliday
10 March, 09:30
👀 Silicon Valley Bank on the verge of collapse.
I wonder how many tech companies are tied to it.
Buckle up?
I wonder how many tech companies are tied to it.
Buckle up?
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The other issue with the banks is they are holding Treasuries with a coupon of zero or 1. Rates now 7 -8 . Value of treasuries held by banks has plummeted because the value goes down when rates go up. Banks are facing yet another liquidity/ capital shortage. This will crush them at the same time US Govt defaults on debt.
Financial tribulations.
Financial tribulations.
11:04 AM - Mar 10, 2023
In response Doq Holliday to his Publication
Only people mentioned by Positively_Negative in this post can reply
chuck ross
@chuckster
10 March, 04:32
In response Positively Negative to his Publication
Excellent point!!! Bad accounting doesn't demand corps to revalue their financial statements for interest rate induced losses. How many companies are walking around with giant holes in their balance sheets due to what you're pointing out...
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10 March, 05:25
In response chuck ross to his Publication
I believe a bunch. Almost like it was a plan…
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