Black Swan run on the US banking system – An assessment of the SVB crisis
Written by Black Hot Fire Network on April 5, 2023
By Vivek Iyer
In a world characterized by uncertainty underscored by frosty Sino-American relations, the Ukraine conflict, supply chain bottlenecks, and increased regionalisation, market imperfections have only increased, contributing to rising inflation globally.
Inflation was initially thought to be transient and was expected to pass. Most central bankers globally initially took this view and expected the inflation to fade away.
However, when inflation was persistent, the central bankers globally changed their approach and went on an increased interest rate spree. The US Federal Reserve has raised interest rates by 450 . . .
