As currency panic and capital flight worsen, the US government may decide to halt American bank withdrawals.
Hugh Hendry, a macroeconomics expert and hedge fund manager, recently issued a dire warning regarding the US banking sector and the US economy as a whole. Hendry claims that the…
The Rise and Fall of an Empire
Due to the present state of the economy, I wanted to take a moment to share with you my perspective on the banking industry, the financial crisis, the recession, and…
How the second-largest bank failure in U.S. history occurred within 48 hours
Silicon Valley Bank was a well-capitalized organization seeking to raise funds on Wednesday. Within 48 hours, the venture capital community that SVB had served and fostered precipitated a panic that…