Post by Josh Ryan-Collins: Very good thread here. Capitalism is a two price system - asset prices and commodity prices (Minsky)....

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Josh Ryan-Collins @jryancollins · Mar 24, 2023

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Very good thread here. Capitalism is a two price system - asset prices and commodity prices (Minsky). Interest rate adjustments effect the former much more quickly and substantially than the latter. But its the latter CBs are trying to impact.

Tweet Mar 24, 2023

Another point for the side saying that there was nothing unusual or particularly risky about SVB's assets, the problem was it's exceptionally flight-prone depositors. www.ft.com/content/33c0d6aa-f6ac-4f2d-929f-09ba4f8f4cf1 twitter.com/JWMason1/status

by JW Mason

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