'Big Short' investor Danny Moses says the SVB crisis is speeding up the US economic slowdown
in what was seen as an effort to prevent the collapse from spiraling into a broader crisis. But according to Moses, regulators don't have a clue of what's in front of them.
"You can't assume that the regulators have any idea what they're actually dealing with now considering that they were completely caught off guard... by what just happened at Silicon Valley Bank," the former FrontPoint Capital lead trader, adding that SVB's bailout"should make people nervous." "The Fed is kidding themselves if they think this situation is just going to go away," Moses continued, adding that markets are underestimating what the fallout could be from the Fed's rapid interest rate hikes.
He also warned further trouble lies ahead, as issues still remain on bank balance sheets from commercial real estate and auto loans.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Big Short' trader Danny Moses warns Silicon Valley Bank collapse will expose more troubleInvestor Danny Moses believes the Silicon Valley Bank collapse is exacerbating the economic slowdown despite the government's actions to mitigate the impact.
Read more »
'Big Short' Michael Burry on SVB crisis: 'Not seeing true danger here''Big Short' investor Michael Burry brushes off the latest US banking crisis: 'I am not seeing true danger here'
Read more »
The Silicon Valley Bank collapse could be a big win for Big TechHere are 3 reasons to be deeply concerned about the Silicon Valley Bank collapse. (via The ReidOut Blog)
Read more »
See 'Big, Big Bugs' at Reid Park Zoo through April 30A special exhibition showcasing giant animatronic insects is being held at the Red Park Zoo until April 30.
Read more »
4 Chicest Moses Baskets of 2023Looking for a chic alternative to a typical bassinet or crib? A moses basket might do the trick. Here, check out top-rated picks, from woven grass designs to standing moses baskets.
Read more »
Although Moses Rose's owner wants $17 million, he valued bar at $527,000 in tax documentVince Cantu, owner of the downtown San Antonio bar, has previously demanded $17 million from the Alamo Trust. SanAntonio SATX SanAntonioTX Texas Alamo MosesRoses
Read more »