The perennial political drama over raising the United States’ debt ceiling continues, with consequences of failure just being default and global financial catastrophe. So … same old, same old. Still, though politics has seemingly decided to regard fact-checking (and, maybe, facts) as outdated, this fact is important to remember: despite the bloviating, the debt and Read more
Interest Rates
Fault Lines: Bank Failures Cause Market Tremors
On March 10 Silicon Valley Bank (SVB) collapsed and was taken over by the Federal Deposit Insurance Corporation (FDIC). This was followed by the collapse of Signature Bank (SBNY) and another takeover by the FDIC takeover on March 12. There followed a period of volatility for the banking sector, turmoil in equity and fixed income Read more