2023-03-13
The Silicon Valley Bank is as one might expect front and centre, but probably only the tip of the iceberg of impending failures. Funny how directors managed to sell most of their shares prior to the event becoming public knowledge.
More financial crunches will inevitably follow. Credit Suisse has been fingered elsewhere in the news recently, and Deutsche Bank seems to have been flirting with disaster for an eternity ... (my speculations - they won't necessarily be next and there are plenty more with big derivative positions).
Meanwhile the rest of the world is reconfiguring for the dawn of a new geopolitical era.
Keep calm and carry on ... (modest subscription required for full access).
