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Does the ongoing turmoil in the banking world constitute a \u201cMinksy moment\u201d? Daniel Neilson, assistant professor of monetary economic at Bard College at Simon\u2019s Rock and author of \u201cMinsky\u201d (2019), argues yes. Neilson explores the potential of contagion within the banking world, and he makes the case that the Federal Reserve\u2019s Bank Term Funding Program (BTFP) as well as the FDIC backstop might make this banking crisis short-lived. Neilson shares with Jack Farley several in-depth charts on the Fed\u2019s balance sheet that might indicate a turning point and the pair share their views on the Federal Reserve\u2019s meeting on March 22, 2023. \n\nFilmed the afternoon of March 21, 2023.\n--\nDaniel Neilson\u2019s article on Silicon Valley Bank: https://www.soonparted.co/p/silicon-valley-bank\nDaniel Neilson\u2019s article on Fed\u2019s BTFP and other refinancing channels: https://www.soonparted.co/p/svb-ii\nDaniel Neilson\u2019s chart pack on the SVB Panic: https://www.soonparted.co/p/svb-iii\nFollow Daniel Neilson on Twitter https://twitter.com/dhneilson\n--\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n--\nUse code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:\nhttps://blockworks.co/event/permissionless-2023\n\nResearch, news, data, governance and models \u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\n--\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeyw\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter: https://rb.gy/feusos\n--\nTimestamps:\n(00:00) Intro\n(05:08) "This Is A Minksy Moment"\n(18:04) The Takeover of Credit Suisse\n(28:30) Permissionless\n(29:33) The Fed's Bank Term Funding Program (BTFP) vs. The Fed's Discount Window\n(39:32) Can The Banking Panic Be Stopped In Its Tracks?\n(43:33) Blockworks Research\n(44:37)\xa0First Republic Bank ($FRC) and Bank Profitability\n(49:32) The Fed Readies Its Dollar Swap Lines\n(55:43) The Federal Reserve's New Hiking Path\n--\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.