Bill Mitchell

@mitchellvii ↗

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Last Checked March 15, 2023

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Tue Mar 14 11:27:34 +0000 2023

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Bill Mitchell @mitchellvii

Are we headed for a 2008 level great recession banking collapse, or will this focus on a few banks and pass? The big difference of course is that there is no massive real estate bubble driving this one. — PolitiTweet.org

Posted March 14, 2023

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Bill Mitchell @mitchellvii

As of this moment where do you stand? — PolitiTweet.org

Posted March 14, 2023

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Bill Mitchell @mitchellvii

My understanding of the SVB collapse is that all kinds of cash flowed into the bank as the Fed printed money for Biden. Looking to invest that cash, the bank bought low interest rate bonds. When rates increased those bonds lost value and crash. While bad this isn't like the 2008… — PolitiTweet.org

Posted March 14, 2023