> Now that the Federal Deposit Insurance Corp. has taken over SVB, investors expect the bonds to be sold off in coming months, adding supply to the weakened market and pushing prices lower.
Do the rules say that FDIC has to sell these right away? I imagine they have discretion on timing the sales so that it doesn't dislocate the market. The FDIC is all about stability, after all...
It's trippy to see my own tiny contribution to tidal waves like this:
> First Republic’s funding relies in large part on wealthy individuals who increasingly have a range of options to seek higher yields on their cash at other financial institutions as interest rates have risen.
Over the last year I kept my FRC checking account at 100 (not the real number). A month back or so I dropped it down to 50 and moved the other 50 into T-Bills.
Wow, the government acted incredibly swiftly and decisively to crush the possibility of a general bank panic. The current US banking system is very different from the 2008 system.
I agree that we shouldn't buy into the media's perpetual gloom & doom machine but I also caution against the knee-jerk contrarian "everything is fine" impulse.
The percentage rate of change is often the best signal in these kinds of indicators. We're around 20% YoY. The last two years (2004 & 2008) we hit that kind of level weren't strong economies.
The Dec '22 FOMC Minutes also hinted that the FOMC is also watching credit card levels. Interest rates have exploded higher yet consumers are increasing their credit card debt.
This and https://diataxis.fr are about all the training you need. Beyond that you just need to organizationally commit to improving your docs. You yourself need to be the leader to keep reminding and explaining to stakeholders why it's important. Or else entropy will get you just like anything else in life.
A good concrete milestone is to create a spreadsheet of doc coverage. The rows are your key use cases and the columns are "tutorial", "guide", "explanation", "reference" (see Diataxis). Take a snapshot of your starting state. And then take a snapshot of your ending state (hopefully with more doc coverage for all your key use cases. It's a nice and clear story to tell to stakeholders. Explain the 4 Diataxis doc types to your stakeholders (basically just repeat the message on the Diataxis homepage). Most people intuitively get it and agree right away. And then you show them the before and after. "We started here and now our docs are much more comprehensive and here's a detailed breakdown to help convince."
I am a professional technical writer (edit: removed my current role because this is supposed to be my anon macro investing account... facepalm)
