Beware The Ides Of March
Beware The Ides Of March Julius Caesar had it easy. Twenty-three stab wounds and lying on the floor of the Curia (Roman Senate building) on March 15th, 44 BCE. However, March 15th, AD 2023, seems just as chaotic as the same period as Caesar's assassination signaled the end of the Roman Republic and the transition to Empire. So, today there is economic "crisis" namely the banking sector. It an can be said that the collapse of the Silicon Valley Bank the other day is more than a financial institution having its liabilities exceed its assets. If one had taken a closer look, however, there were structural deficiencies that had been ignored. The situation could have been managed, in a zero-interest rate environment. That being said, the excessive spending from the Administration and Congress could not help but cause the rise in inflation. Silicon Valley and Signature, the other bank failure in as many days. Now, Credit Suisse has announced its own difficulties. Now, these ba...