Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Sat Mar 11 11:19:52 +0000 2023

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Paul Krugman @paulkrugman

And because SVB was basically buying agencies and Treasuries, which are safe assets, its failure won't cause anything like the crash in MBS and run on repo that followed the Lehman collapse. Systemic issues much less obvious 13/ — PolitiTweet.org

Posted March 11, 2023

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Paul Krugman @paulkrugman

Maybe the important point is that all of this looks fairly sui generis. Other banks like SVB could be in the same fix — but which are these similar banks? Probably doesn't herald a wave of bank runs 12/ — PolitiTweet.org

Posted March 11, 2023

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Paul Krugman @paulkrugman

What I don't have a sense of is how much this will damage the VC financial ecosystem — or how much the rest of us should care. But — hoping these aren't famous last words — this looks at most like a fairly narrow sectoral crisis 14/ — PolitiTweet.org

Posted March 11, 2023