Both Fed Chair Powell and Treasury Secretary Yellen view the bank issues both here and in Europe (SVB, Signature Bank, First Republic, Credit Suisse, Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system.
The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The Fed and Treasury are “obtuse” when it comes to the issues in the banking system and how they occurred.
Listen to learn more!
Book a free portfolio analysis with an expert here: https://bit.ly/3Df5cIM and get a second opinion.
Both Fed Chair Powell and Treasury Secretary Yellen view the bank issues both here and in Europe (SVB, Signature Bank, First Republic, Credit Suisse, Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system.
The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The Fed and Treasury are “obtuse” when it comes to the issues in the banking system and how they occurred.
Listen to learn more!
Book a free portfolio analysis with an expert here: https://bit.ly/3Df5cIM and get a second opinion.