Episode 77: Banking Crisis 2023: What Happened and Should We Worry?

Episode Summary

May 2, 2023 | 00:21:29 | E77

When Silicon Valley Bank (SVB) failed, it was dramatic. An “A” rated financial company has never disappeared with a few clicks on a cell phone–until SVB in March, 2023.The experts discuss this fearful and precarious news and put it into perspective. Now we have more uncertainty, and more confidence, at the same time! We are more uncertain about the possible short-term paths–the range of short-term outcomes is huge–from very good to very bad. And that causes uncertainty! On the other hand, with the heavy-handed and quick reaction from the Federal Government, in particular the FDIC and Federal Reserve, bank depositors have more certainty that their deposits are secure–more so than in the past.Learn more about and schedule a free set of discovery meetings, here:  https://assetsandincome.com/our-process-our-promise/