It is also clear that risks to financial stability have increased.
At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates — necessary to fight inflation — inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies. Her comments came after the financial sector was shaken by the collapse of Silicon Valley Bank and the enforced takeover of Swiss bank Credit Suisse by rival UBS, leading to fears of contagion.
Bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns, as Breitbart NewsA vast majority of Americans believe another financial crisis similar to the 2008 financial collapse is “likely,” a CBS News/YouGov poll found Thursday.
The biggest problem is digital currency in any form. The last President to create real Money was JFK, ordered silver to be monetized. We need a leader to Monetize gold and silver as legal tender.
THANKS JOE !!!
You can't print and spend money you don't have and not expect calamity.
While I won’t question financial security of our banking system, these are not the people to listen to.
IMF: We have to have a 'New World Order so we can order you to use your money the way we say you should.
Admit Climage Change is a scam and stop underwriting WEF ESG unicorn dreams for a start.
Stop talking about it and do something to fix it.
The IMF? Please.