capitalism

Out of context: Reply #1140

• Started
• Last post
• 1,314 Responses

• Continuity1

  "SVB collapse may be start of ‘slow rolling crisis’, warns BlackRock boss"

  "The collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizures and shutdowns coming”, the chief executive of the world’s largest asset manager has warned.

  The CEO of BlackRock, Larry Fink, also predicted in a letter to investors and company bosses that inflation would persist and rates continue to rise, trends that both contributed to SVB’s collapse."

  https://www.theguardian.com/busi…

  Continuity 1Permalink

  UpvoteDownvote

  Flag

  • friend of mine is a head creative there. always an interesting story when we have dinnerGnash
  • head creative as he is responsible for making money disappear and bookkeeping tricks? :Dsted

  Show [[ numHiddenNotes ]] more notesAdd Note

  SaveCancel

View thread