Sold!
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Soon after the announcement late on Sunday, the U.S. Federal Reserve, European Central Bank and other major central banks came out with statements to reassure markets that have been walloped by a banking crisis that started with the collapse of two regional U.S. banks earlier this month.
I heard a discussion yesterday that the only reason Silicon Valley Bank had potential to create a crisis, was because its clients were influential internet personalities, and they rushed to Twitter to warn everybody that if their bank failed, the whole system would fail. Which is a self-fulfilling prophecy, in bank runs.
