A Crack In The Dam

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Image source: Pixabay
 

I've been saying something is going to break in the economy for months due to the Federal Reserve’s monetary tightening to fight price inflation. Last Friday, something broke when Silicon Valley Bank collapsed followed quickly by the demise of Signature Bank. It was the first crack in the dam. The Fed rushed in to plug the leak, but was it enough? In this episode of the podcast, I talk about the response to these bank failures and the possible ramifications.

Topics Discussed

  • What caused SVB and Signature Bank to fail?
  • The nuts and bolts of the bank bailout program
  • The likely impact of the bank bailout program
  • Inflation is still winning
  • The next round of the inflation fight
  • Market impacts

Video Length: 00:30:48 


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