Financial Crisis 101: The Problem with Interest Rate Shocks
Why raising rates too late, and too fast, was a mistake
If you’ve clicked on this article, you’re likely aware that over the past week and a half, two major regional US Banks - Silicon Valley Bank and Signature Bank - were put into receivership by the FDIC. In addition, over the weekend, the Swiss government arranged for the United Bank of Switzerland to buy out Credit Suisse for $2 billion. There have been…