Bond volatility has jumped and yields have fallen as the American banking crisis cast doubts on whether the Federal Reserve will continue with its policy of rate hikes. On March 10, Santa Clara-based Silicon Valley Bank (SVB) failed, which is the second-biggest bank failure in American history. Two days later, on March 12, U.S. regulators…
Bond Market Volatility Spikes Amid Uncertainty Over Fed Rate Hikes
March 16, 2023
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banking crisisbond market concernsBusiness & Marketseconomyhigh inflationinflationInvestmentMarketsSilicon Valley Bank CollapseUSUS Newsvolatile bond markets
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Biden’s Handling of Economy Contributed to Banking Crisis, Senate Republicans Say
March 16, 2023
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banking crisisBusiness & Marketscongresseconomic policieseconomyinflationJanet YellenPoliticsUSUS News
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President Joe Biden’s handling of the national economy “contributed” to the failures of Silicon Valley Bank (SVB) and Signature Bank, Sen. Tim Scott (R-S.C.) said in remarks in front of Treasury Secretary Janet Yellen. Senate Republicans tied elevated inflation and rising interest rates to the latest string of bank failures during Secretary Yellen’s hearing in front…
Billionaire Investor Warns of ‘Many More Problems’ After SVB Collapse
The recent collapse of Silicon Valley Bank (SVB) has raised concerns among leading analysts and investors, with hedge fund manager Ray Dalio comparing the bank’s collapse to a “canary in the coal mine” while signaling potential future problems in the venture capital sector and beyond. Dalio wrote in an open letter earlier this week that…
Anatomy of the Banking Crisis of 2023
March 16, 2023
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banking crisisBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionSilicon Valley BankSilicon Valley Bank CollapseU.S. economyViewpoints
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Commentary For three years, I’ve been amazed at the relative calm in the financial system. It truly did not seem believable to me that governments and central banks could utterly shatter all market functioning and flood the world with paper money and yet there be no structural consequences for the banks. My only question was…
Biden Admin’s Banking Busts
March 15, 2023
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banking crisisbidenclimate changeESGFederal Reserveinflationinterest ratesJanet Yellenjerome powellOpinionSignature BankSilicon Valley BankSilicon Valley Bank CollapseSVBU.S. economyViewpointsWashington Mutualwoke
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Commentary The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden administration’s Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon…
Tyranny Thy Name Is Emergency
March 15, 2023
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administrative statebanking crisisemergencyemergency powersOpinionSilicon Valley BankSilicon Valley Bank CollapsetyrannyU.S. economyViewpoints
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Commentary In the last few days, the federal government has embarked on a disastrous path as regards banking and finance. Their actions guarantee a worsening of the problem whether in the near term or down the line. These “emergency” actions have effectively created a moral hazard that could wreck the entire sector and the whole…
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