Ep 389. Interest Rate Hike, Credit Suisse’s Failure, and Other Banking + Economic Risks on the Horizon
Focused Compounding
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The Debate on SBB's Bank Failure
Andrew Keen: The reason you would take over a bank like SBB is that question. If they did not have a run, well, actually their deposits were flowing out anyway before the run. Even very good banks are having some deposit outflows; if the outflows never stop, you're running a Ponzi scheme," he says. "It's all gets fixed if interest rates change or if the bank suddenly starts growing again"
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