The Fed wonk that saw the Black Swan

 

There's often somewhere someone who somehow saw a big slice of a black swan ahead of time. The rich's edge is to have subscription/journalist tracking arcane matters that show what is next. After the fact you can find some of this with searches back in time..

Before more time passes I point this out. we makred it last March as the Silicon Valley Bank merged with into Death Valley Bank. Someone saw this coming. Mix it with the chatter of VCs on Twitter and you see the future....

Before- Rising Interest Rates Complicate Banks’ Investment Portfolios - February 09, 2023 - Rising interest rates have prompted both challenges and opportunities for banks over the past year. Bank supervisors are, understandably, urging bankers to pay close attention to a myriad of ways changing interest rates can affect earnings and capital, or what’s termed interest rate risk.

https://epitomime.blogspot.com/2023/03/black-swan-author-taleb-on-markets.html

https://www.stlouisfed.org/on-the-economy/2023/feb/rising-rates-complicate-banks-investment-portfolios 

"Of the cards that they dealt, there were none that were aces

And the horses never listen to me at the races." [=/-] - Leonard Cohen, "Tonight Will Be Fine"