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SVB is now officially bankrupt.
Not very surprising, since this bear market was going to cause a lot of issues due to high interest rates. But I thought it would cause the venture capitals & startups to go bankrupt, not the actual bank. On the other hand, SVB was highly related to startups, so it does make sense. Hmm... Some even say this is just the beginning, and 2008 Lehman crisis is going to happen again. I doubt it, but what do I know? And the black swan events always happen when nobody suspects it. Now I even hope people worry more - that probably means it's not gonna happen. Like last year's Goldman Sachs and England's leveraged bond event. +Evergreen too. When everybody worries about the thing, the event is already priced in. But when nobody suspects a thing, that is the real disaster.
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