Alternative Visions - From Silicon Valley Bank to Larger Banking Crisis?
Alternative Visions - Podcast tekijän mukaan Progressive Radio Network - Maanantaisin
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Dr. Rasmus gives an update on US and global banking instability in the wake of the collapse of Silicon Valley Bank a week ago this friday. What exactly happened at Silicon Valley Bank and is that process occurring elsewhere? What is the role of the Federal Reserve in causing and precipitating the crisis? Have the efforts of the Fed and big banks to staunch the crisis in the US regional banks in recent days working? Is the Fed solution in the short run the cause of future banking instability in the longer run? What happened to bank regulation after Dodd-Frank Act? The three indicators of continuing bank instability. What’s happening at Credit Suisse bank in Europe? Similarities and differences with 2008 crisis. What does it all mean for future Fed rate hikes (next week) and Fed strategy to slow inflation? Consequences of the current banking crisis for US real economy and global economy. (Check out Dr. Rasmus’s print article on these topics this weekend at his blog, http://jackrasmus.com)
