We’ve seen this picture before.
From the collapse of the railroads in the 1800s to the Great Depression in the 1930s to the Savings & Loans crisis in the late ‘80s and early ‘90s to the Great Financial crisis in 2008/2009–speculation over investment, leverage and too much of a what appears to be a good thing oftentimes ends badly for investors and those financial institutions that are playing a part of that game. Silicon Valley Bank is now the latest casualty of a long, but sometimess forgotten pattern, of the dangers of risk of being overly exposed to an area of the economy that is high in speculation and overvaluation.
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