SVB isn't Lehman Brothers.

It won't take out the broader economy, but it could really damage a lot of small companies in the tech sector.

It will take a significant amount of work to prove that those companies were providing net-positive outcomes for our civilization.

Well, they were paying the salaries for hundreds of thousands of people (if not more) and making sure they and their families had health insurance.

Which in turn may not be able to pay for their mortgage. Which could cause getting Silicon Valley more affordable.

Do you think it's strange people are excited for the economy to fail?

When you see how much of a massive everything-bubble we were (are?) in, I can see where people are coming from on this one. Time to get some sanity back into this economy, and the people who will hurt the most are those who also benefited the most in the past 3 years (crypto-bros, useless startups with dumb valuations, etc.)

And they deserve it?

I think people are excited that we can get back to money tracking with actual value generation and not financial hacking.

Events like these are similar to Enron and Theranos. No, I'm not excited to see "the energy industry" or "the medical industry fail", but that's not really what it was, was it?

>Do you think it's strange people are excited for the economy to fail?

People knew free money was dangerous, planned for a return to sanity (QT) in 2018-2019, and were financially punished for acting responsibly by believing the Fed would follow its roadmap.

They may get their day in the sun now and I cant blame them for being happy at the first signs of a temporary return to reality.

I was taught disruption is good.