The Silicon Valley Tumble
What happened on Friday? How did a run on a Californian bank start and will it spread? In his typically measured fashion, Walter addresses the specific factors that lead to the Silicon Valley Bank collapse. He discusses what the Federal Reserve, FDIC, and US Treasury have done to stop the domino effect from impacting other financial institutions. Finally, he lays out how these incidents may impact the broader financial market in the coming year.
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