The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Carney: Mid-Sized Regional Banks Face Systemic Danger From Flighty Corporate Deposits
“Kind of barbell strategy was, it was dangerous to be in that awkward middle where you're a large regional, and therefore you have a lot of corporate deposits, deposits above the minimum, They turn out to be much more flighty. What we saw with Silicon Valley, w…”
Carney: Every Tech Revolution Decouples Productivity Growth From Worker Returns
“Every technological revolution has had that break. Between the speed with which productivity increases and the returns to labor.”
Carney: A 1% rate hike raises risk asset discount rates 1.5%-2.5%
“So if guilt rates go or the bank rate goes up by one percentage point, you tend, the discount rate tends to go up by one and a half to two and a half points, depending on where the asset is on the risk spectrum.”
Carney: Post-bust market phases yield greatest investment opportunities
“And what's interesting about that phase is provided you'd avoided getting over levered in the Ponzi phase, what it brings is tremendous opportunity because the underlying Innovation was real. It's still there. You've seen what works and what works less well. T…”
Carney: Expecting individual depositors to monitor bank solvency is unrealistic
“It's just not realistic that, you know, Harry VC and people like you, or somebody running the corner shop who has their deposit in a bank is going to sit, take time out to monitor the health of the bank and move that deposit when it, when you start to get conc…”
Mark Carney: If financial concepts can't be explained clearly, fundamentals are broken
“If something doesn't make sense, it doesn't make sense. So in other words, if someone explains something to you in finance, and it doesn't quite ring true, ask them to explain it again. And if they can't, they probably don't know what they're talking about. Th…”