Crypto Update | Is the Fed’s Bailout Really Just Sneaky Quantitative Easing?
Markets Outlook
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First Republic Bank Stock Is Down 20%, Pac West 10%, and the Rest of the Sector Is Down 10%
The US Federal Reserve or the Fed's balance sheet expanded by some $297 billion to $8.63 trillion in the week of March 15th, reaching the highest value since November. Pawns, Bitcoin, and bullion are experiencing safe haven bids while the banking sector remains on edge. Silicon Valley Bank has filed for Chapter 11 bankruptcy protection after its parent company SBB Financial Group was taken over by private equity firm Apollo Global Management. This isn't that big a deal given that the bank has already failed, but we're just giving it brief completeness due to space issues.
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