Who killed Silicon Valley Bank? It’s “frenemies” who rushed to take all their money out, even as they told the world how much they loved the bank? Its own management? The Congressmen who lifted regulations meant to keep the bank safe? In fact, there were other deep forces at work. Very deep forces..
Category Archives: US Macro
The Fed is trying to engineer a soft landing, defeating inflation without driving the economy into recession. But it is facing just a few problems. What is the chance that the Fed will succeed?
How Did We Get Here? Part II
The last time I had a chance to blog, I was pointing out that it’s just wrong to blame US inflation on a collapse in supply. Why then are there still shortages of so many goods?
The Mystery of Returning Inflation
Everybody likes a good summer mystery. So consider the real-life case of the returning inflation. For more than two decades, inflation had vanished from the US economic scene. But suddenly this summer it has returned. And everyone wants to know why.