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So you saw sort of a two part view there on, you know, how these negotiations went and ultimately what democrats were both able to achieve but almost equally importantly able to keep out of this deal which he also sort of took more credit for. and fitch essentially keeping the u.s. on rating watch until september. and i wonder, we have said crisis ovaverted, but it may no be without consequences. right. because for starters, you know, the u.s. had to do some very short term auctions. late last week, and more of those coming this week, just to get through the next few days as the bill winds its way through the process. it is interesting those are paying higher interest rates than we ve seen of treasury debt of any kind in years. ....
The repercussions of a first-ever default on the US federal debt would quickly reverberate around the world. Experts say that no corner of the global economy would be spared ....
Year and a half, labor fees have gone up. we have to pay our employees a little bit more. costs are more expensive eggs, oil is more expensive, transportation is more expensive. so the deposits in silicon valley bank from those startups started diminish and they diminished dramatically which is why silicon valley bank gotcha worried, they decided that we ll start to sell some of our treasury debt which is considered safe, we ll sell it in the market. but the problem is interest rates made that debt a little bit less valuable. so it was hit from two sides and the reason why silicon valley bank was a target, that they were under the radar, they were number 16 in terms of the largest bank in the united states we focus so much on these mega big banks just since the financial crisis that maybe we overlooked what was going on the smaller players even though silicon valley bank has been around 40 years and still a huge player, but not as big as ....