We'll see. Off topic. I discovered your podcast. I'm listening to your recent episode regarding El Salvador. Very interesting. I have had plenty of personal experience with MS-13 in NY.

siggy47

Still not sure how much is echo chamber. Maybe I need some sunlight. Is the world really burning down or are we the crazy ones?

chungkingexpress

It is bigger but the net effect is only that it allows them to fold everyone into a CBDC whilst pointing the finger elsewhere. Don’t think we need to be overly dramatic, anyone with their eyes open can see it coming a mile off.

davidw

Daily discussion thread

saloon

I woke up trying to make heads or tails of the banking crisis, if that's what it is. Economists I respect like Lyn Alden believe it's a situation limited to a few banks, but I remember 2008 when after Bear Stearns everyone was saying it was an isolated situation involving a poorly run investment bank (sound familiar?), and even after Lehman all I heard was "it's a liquidity crisis", not a solvency crisis.

This feels similar, but bigger.