Summary:
[unable to retrieve full-text content]Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading The post Why the Banking System is Breaking Up first appeared on Michael Hudson.
Topics:
Michael Hudson considers the following as important: Articles, banks
This could be interesting, too:
[unable to retrieve full-text content][unable to retrieve full-text content]Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading The post Why the Banking System is Breaking Up first appeared on Michael Hudson.
Topics:
Michael Hudson considers the following as important: Articles, banks
This could be interesting, too:
Michael Hudson writes Labour in the Ancient Near East
Michael Hudson writes Germany as Collateral Damage in America’s New Cold War
Angry Bear writes The Lie Banks Use To Protect Late-Fee Profits
Michael Hudson writes Economics as a Form of Art
Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading
The post Why the Banking System is Breaking Up first appeared on Michael Hudson.