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DiewConklan
Bloomberg Television
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Comments by "DiewConklan" (@hRt42kuo7jTtmk14) on "Clear Fed Will Now Pause Hikes: BlackRock's Rosenberg" video.
There will be another 1-2 bank collapses between now and June (PacWest & maybe KeyCorp). Yes, pause.
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PacWest seems like an imminent fail. Down 60% in after hours. Western Alliance now down 40% too. They might fail even before KeyCorp. The FDIC will run out of money as it will be hard to find big banks that want to rescue more of these falling dominoes. Forget pause. They will need to cut rates in June to prevent a collapse of the banking system.
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