Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of a US bank since 2008. And as they attempt to predict what comes next — be it wider financial chaos, more government regulation, a pause in Fed hikes or something else entirely — they’re looking to the past for guidance. — though they may only need to go back to last fall. Here’s how they’re thinking about the state of the banking industry and the economy.
Back in September, former Prime Minister Liz Truss unveiled a huge package of tax cuts, spending and increased borrowing aimed at getting the economy moving. Markets feared the plan would drive up already persistent inflation, forcing the Bank of England to push interest rates significantly higher. As a result, investors dumped UK government bonds, sending yields on some of that debt soaring at the fastest rate on record.
tip: don't hire woke trash
Being disconnected from international finance systems has'turned out to be a 'blessing in disguise' for Moscow, said Dmitry Peskov. Thanks to Western sanctions, the Russian financial sector is 'immune to the negative impact.' Russia developed its own financial messaging system.
BREAKING: Facebook Parent Company Meta Forced to Fire Thousands, Cites ‘Difficult Economic Environment’ Created by Biden March 14, 2023
Oh it’s absolutely 2008 … 2.0
Best bet is leave your money in the bank and cross your fingers 😂
As long as leaders continue to be chosen for their skin color or sexual preferences instead of their actual qualifications, this will continue to happen. This is why Democrat cities are crime-ridden cesspools. Choose leaders based on competence and merit. It's not hard.
How about this? Let's STOP printing fake money and devaluing the dollar? Before long, it will cost $15 for 12 eggs. The government is playing a dangerous game.
I hope your peeps are ready. This may get real rough. GL !!
more and more branches ?