Same here, the sooner that announcement the better!
but with this particular situation, and in response to ivp6, 3,500 CEOs/Founders of tech companies responsible for over 200,000 jobs have signed a petition asking Yellen for help. This will only lead to QE.
If the banks fail, the world fails. If you know the story about the repo market nearly crashing and then somehow Covid was discovered, you'd realise that everytime the banks f* up, something big happens.
Once again, I'm pro SYA and lithium but we really are at the tip of something big, and it really is coming down to tonight.
https://www.businesstoday.in/silicon-valley-bank/story/silicon-valley-bank-collapse-may-lead-to-1-lakh-layoffs-y-combinator-writes-to-us-treasury-secy-janet-yellen-373069-2023-03-12
https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/
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