Special: Is another financial crisis inevitable?
Word on the Street
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The Risks of a Global Recession
The risks of a global recession have gone up in the last week. The rapid implosions of Silicon Valley Bank and signature will have changed risk appetite in a vital segment of the US banking system. We think the authorities have done enough to prevent widespread deposit flight. A slower bleed in deposits and accompanying clamming up and lending intentions, that'll be harder to dam up. But I still firmly believe that's not the case.
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