Michael Jordan teaches economics
The Annie recession – always a day away
Our economy relies on the banking system to function. The banking system relies on your confidence that your bank will take care of your money and fulfill your withdrawals on demand.
The failure of Silicon Valley Bank (SVB) defined the month of March.
Minutes of the January 31 – February 1 Fed meeting reflected expectations that the Fed would keep rates high for the remainder of 2023.
The markets breathed a sigh of relief in January. After finishing a difficult 2022 they launched into the new year on hopes for a “goldilocks” economy – not too hot, not too cold.
A month – and year – to forget
Sometimes we ignore the most important things. We are in a similar period in the financial markets.