Top economist: The next global crash is inevitable
Making Money
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Navigating the Silicon Valley Bank Fallout
This chapter examines the repercussions of the Silicon Valley Bank crisis, paralleling it with historical financial crises to underscore the need for better regulation of mid-sized banks. It explores the moral hazards of government interventions and the challenges in distinguishing viable businesses during economic downturns. Through discussions on 'zombie firms' and the risks posed by shadow banking, the chapter emphasizes the complexities of maintaining economic stability in an evolving financial landscape.
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