Mar 17, 2023 · Episode 388

ChatGPT Will See You Now, and Silicon Valley Bank Fallout Continues

4 predictions · 3–1 · 75% accuracy

Scott's predictions4

Read the transcript →

JPMorgan will report its best quarterly financial results in company history in an upcoming earnings report following the SVB collapse.
“Well, I'll make an obvious one. So, JPMorgan's about to have their best quarter in history.”
Markets · Checkable · by Jul 31, 2023 (inferred)
Came trueResolved Jul 14, 2023
On JPMorgan's next earnings call, Jamie Dimon will state that the bank took in a surge of deposits (that it can lend out at higher rates) in a matter of days that it had expected to take three to five years to accumulate.
“Wait till the earnings call, the next earnings call when Jamie Dimon says, we took in more capital that we can now loan out at a higher interest rate than we pay than we were expecting for the next three to five years, and we did it in three to five days.”
Markets · Judgment call · by Apr 30, 2023 (inferred)
Didn’t happenResolved Apr 14, 2023
Venture capitalists (whom Scott calls 'venture catastrophists') who contributed to the SVB bank run will receive significant public criticism in the coming weeks.
“I actually think those guys who are the venture catastrophists are gonna get probably more than their fair share of criticism, but they're going to get a lot of criticism.”
Media · Judgment call · by Apr 30, 2023 (inferred)
Came trueResolved Mar 2023
The government's intervention in the Silicon Valley Bank collapse will ultimately cost taxpayers very little once the situation is fully resolved.
“When the waters calm here and already interest rates have come down and those bonds have increased in value, you're gonna find when the dust settles, it really didn't cost taxpayers very much.”
Politics · Checkable · by Dec 31, 2023 (inferred)
Came trueResolved Nov 2023