Ackman Concerned About ‘Contagion Risk’ Spiraling Out of Control
Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Bill Ackman said in tweet.
Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Bill Ackman said in tweet.
From the Bridgewater Associates founder's LinkedIn blog. It is a very classic event in the very classic bubble-bursting part of short-term debt cycle.
Nobel Laureate and bank run expert Douglas Diamond argues Fed’s choice to signal long-term low interest rates is major reason for collapse at SVB.
An ECONOMIST known only as “Dr. Doom” has expressed concern that the spectacular failure of a US bank could set off a devastating economic downturn.
Gundlach, an American businessman and founder of DoubleLine Capital, thinks US Federal Reserve will raise interest rates by 25 basis points next week.
“We don’t know what we are in for. Bottom line to me is what’s happening today is not at all surprising because we are in a tricky environment."
"I think [Fed Chairman Jerome] Powell really has to raise interest rates sooner than later," he said.