Silicon Valley Bank (SVB) was an FDIC-insured commercial bank regulated by the State of California and the Federal Reserve System, based in Santa Clara, California. On Friday, 10 March 2023, the FDIC abruptly closed the bank, moved some deposits to a newly created bank controlled by regulators, wiped out large deposits, and began a process of selling bank assets and repaying creditors.
By Jim Rickards,
As if the debt ceiling debate were not complicated enough, Congress and the White House are also battling over the budget for fiscal 2024, which begins on 1 October 2023.
By Jim Rickards,
The debt ceiling is really a political football rather than a serious macroeconomic policy tool. In the end, Congress always approves the ceiling increases. In a way, the debt ceiling debate is all for show.
By Jim Rickards,
It has been a few years since we took a close look at Modern Monetary Theory (MMT). We first sounded the alarm in 2018 and warned readers again in 2021.
By Jim Rickards,
Editor’s Note: This is part of a recent series of articles from Jim Rickards. For parts one and two of this series, click here and here .
By Jim Rickards,
Jim Rickards continues his discussion on the biggest and most complex topic on the geopolitical landscape today — China. Last week, he explained how China has fallen victim to what economists call the ‘middle income trap’. Today, Jim looks at the three key factors that are driving China’s wavering economic position…
By Jim Rickards,
After devoting recent issues of The Daily Reckoning Australia to topics such as US politics, the Federal Reserve, the situation in Ukraine, and even the threat of nuclear war, Jim Rickards comes to the biggest and most complex topic on the geopolitical landscape today — China. Today, Jim discusses how China has fallen victim to what economist call the ‘middle income trap’…
By Jim Rickards,
Today we complete this series of articles from Jim Rickards, which delves into the war in Ukraine and its implications. If you missed part one and two of this series, check them out. In this final part, Jim explains how the discussion of nuclear war is casual, almost flippant, and carries none of the seriousness with which the topic was formerly addressed. As a result, we are not preparing ourselves adequately for the reality that lays before us…
By Jim Rickards,
Today we continue this series of articles from Jim Rickards, which delves into the war in Ukraine and its implications. If you missed part one of this series, you can read it here. In this part, Jim outlines how the threat of this escalating to a nuclear war is there, as well as the severe impact such an escalation could have on the world. Read on…
By Jim Rickards,
This is the start of a new series of articles from Jim Rickards, which will delve into the war in Ukraine and its implications. Today, Jim outlines the stark differences between the narrative we’re being told about this war and the reality of what is actually going on. Read on…
By Jim Rickards,
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