[New post] Why the Banking System is Breaking Up

nemonemini posted: "The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Fri" 1848+: The End(s) of History Why the Banking System is Breaking Up  nemonemini Mar 13 The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury's two-year bonds. Bank depositors meanwhile were […] Read more of this post Comment Like You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from 1848+: The End(s) of History. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://redfortyeight.com/2023/03/13/why-the-banking-system-is-breaking-up/

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