Starting with startups in the coming weeks but it will spread to other techs and non-techs. Remembered how pandemic hit the travel and hospitality industries…it’s our turn :-( Be prepared. Make sure you have emergency funds !
You should be prepared and have an emergency fund. Startups will largely be fine. The vast majority of svb deposits will be returned in full. FDIC is already addressing frb liquid issue potentials.
Returned in full how ? The whole reason svb did what it did was because the money was tied up in depreciating assets (low yield bonds) If u liquidate that to pay out the customers, how can u recoup everything? Startups should be ready to lose like 30%
It’s also timeline. When will companies get their fund back to pay payroll and other monthly costs.
Elon is going to convert it a neobank. Only the employees of SVB will be laid off.
The US made almost 900,000 jobs in the last 2 months…..
More likely minimum wage jobs
Quantity != Quality
💯
It is anticipated that there will be at least a moderate run on regional banks over the next few weeks.
Common sense policy should save those startups. Throw investors under the bus.
Stop fear mongering startups won’t all crumble and there are a lot of service jobs people can take
Yes
How many times a month does the Fed chief need to explicitly say they WANT to see job market softening for people to believe its not only possible, but it's the most important metric the Fed is using to measure its success and future strategy in fighting inflation. Job losses are the primary input to demand destruction, which leads to inflation cooling. Inflation may have seen an inflection but its many times higher than their goal still. Plan for job losses, by design.
Why reduce demand when the issue is supply side interruptions and cost push inflation with energy? Ask yourself a question. Energy costs are through the roof??? And Aramco make $161billion profit….. It’s a massive redistribution of wealth away from the masses to the few disguised as soaring energy costs
Because of svb?