SVB encountered a perfect storm of high interest rates and fearful clients.
AP Photo/Jeff Chiu
SVB, as it’s known, collapsed with lightning speed following a run on its deposits.
Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
An economist explains why defaulting on the national debt would result in economic crisis.
The sky’s not always the limit.
AP Photo/Susan Walsh
Treasury Secretary Yellen said the US hit its $31 trillion debt ceiling on Jan. 19. Economists and markets are worried Congress won’t act in time, which could trigger a financial crisis.
Massive borrowing to fund NZ’s economic recovery due to COVID-19 cannot be written off without the risk of worsening the crisis it was designed to meet.
There was a fair bit of detail this week about what we can expect from the RBA and US Fed on interest rates going forward.
The Australian dollar’s rally in response to more expansive monetary policy from Japan isn’t likely to last, as Japan wrestles with domestic and political reforms.
The coordinated policies of the Bank of Japan and the Japanese government in increasing money supply has had some interesting short-term implications for the Australian dollar. Since the Bank of Japan…