The collapse of Silicon Valley Bank last week can be put down to two things – first a management team that clearly ignored the falling value of the assets they held, and second the fact that the Fed was doing its best to make those assets fall even more\. The end result is hardly a surprise when you look at the numbers. In fact Frances Coppola predicted as much after the collapse of Silvergate Capital. This week Phil and Steve look at what went wrong and ask whether it could happen to other banks.
Related Articles
Steve Keen – After Corona, the new normal
In some parts of the world politicians, investors, business leaders and economists are behaving as though the Corona virus is almost eradicated. There are talks of easing up on restrictions, even though it’s only through […]
The MMT Podcast – Ellis Winningham: Challenging Orthodoxy (part 2)
Economist Ellis Winningham talks to Patricia and Christian about the NHS, the Job Guarantee, capital flight, speculation – and also straightens out some of the common misunderstandings people can come to on the way to […]
Renegade Inc. – Richard Werner: A Whistle-stop Tour of Modern Banking
This week Prof. Richard Werner joins Ross Ashcroft to cover all things banking: Japanification, the Weimar Republic, Central Bank Digital Currencies, Credit Creation, the War on Cash, Crypto, Gold, the date of the next crash […]
Be the first to comment