“unsurprisingly, decided to move out the risk curve. In the…” — Cato Audio at 22:32
“unsurprisingly, decided to move out the risk curve. In the case of SVB, it wasn't a credit risk curve. It was a duration risk curve. But still, they had to find a way to get some kind of yield. And then when the Fed belatedly discovers the error of their ways, they jack up interest rates and they crater the value of…”
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