The collapse of SVB should be a lesson on how not to act when good times turn bad
Prudent monetary policy is key for the proper functioning of the economy. This has long been known, but there is newer proof from the events that led to the sudden collapse of Silicon Valley Bank in the US.
While the focus now is on the potential for a wider banking crisis and central banks’ reaction in the midst of sticky, out-of-target inflation, the broader lesson for SA is to always be wary of those who advocate for the Reserve Bank to be turned into a money printing machine to solve problems that aren’t caused by the amount of currency in circulation. ..
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE slips as investors mull over US inflation data after SVB collapseMarkets still believe the US Fed will hike rates 25 basis points next week despite the stress in the US banking system
Read more »
ESG fund managers burnt by SVB’s governance flaws in latest market meltdownESG funds exposed to Silicon Valley Bank’s collapse show the danger of focusing too much on environmental factors and not enough on social and governance
Read more »
Markets remain fragile after SVB collapseMany of the ingredients are there for sentiment to recover but only time will tell if this lasts, one analyst says
Read more »
Wall Street analysts warn of possibility of recessionGoldman Sachs and JPMorgan say SVB downfall could result in slump
Read more »
THE FINANCE GHOST: The Lehman Bros of Silicon ValleyThe implosion of SVB is a cautionary tale to all other lenders on how not to manage interest rate risk
Read more »
Transaction Capital still not cheap[ICYMI] MoneywebNow podcast with SimonBrown, LonwaboMaqubela Maqubela of Perpetua Investment Managers on Stadio results. PatrickMathidi Aluwani Capital on Transaction Capital. AntonEser 10X, on the SVB crisis. Download podcast:
Read more »