Casual Friday: Silver Linings + Planning...the Future is Now— Berkshire Asset Management
• Powell says “no” to any plans to ease conditions
• Yellen says “no deposit back stop…well maybe”
• And another bank stock (Deutsche is getting slammed)
But we focus on the onslaught in markets, with banks, especially U.S. regionals in the cross
hairs. After Powell spoke this week, the market reacted in a way that is feeling as much like a
panic as we’ve seen in some time. Are there any silver linings?