This time everybody will blame the poor Silicone Valley Bank for the collapse of the world's economy.
The talking heads on TV will host discussion panels where "experts" will desperately try to explain what's happening. Nassim Taleb will reemerge once again, talking worthless "black swans". All of that accompanied by the deep see of red on the stock market ticker down the screen. The usual stuff.
In the mean time, the economy will just be doing what it's supposed to do. It will be healing itself, getting rid of all excess and inefficiency.
It won't be pretty and it may happen very fast. March 22nd may be the date everybody will be looking at, hoping the Fed will once again save the world by lowering the rates.
Instead, they will either do nothing or hike the rates (depending on where the market rates will be going). The markets will collapse right after the Fed meeting.
Deutsche Bank will go to zero this time. The EU will be forced to provide heavy financing to help its banking system stay afloat. The Euro will collapse to 0.75 or lower.
The talking heads on TV will host discussion panels where "experts" will desperately try to explain what's happening. Nassim Taleb will reemerge once again, talking worthless "black swans". All of that accompanied by the deep see of red on the stock market ticker down the screen. The usual stuff.
In the mean time, the economy will just be doing what it's supposed to do. It will be healing itself, getting rid of all excess and inefficiency.
It won't be pretty and it may happen very fast. March 22nd may be the date everybody will be looking at, hoping the Fed will once again save the world by lowering the rates.
Instead, they will either do nothing or hike the rates (depending on where the market rates will be going). The markets will collapse right after the Fed meeting.
Deutsche Bank will go to zero this time. The EU will be forced to provide heavy financing to help its banking system stay afloat. The Euro will collapse to 0.75 or lower.
