Issues discussed:
The anniversary of the failure of the Silicon Valley Bank (SVB) is upon us.
Bright spots in the U.S. banking sector are over-shadowed by the looming commercial real estate losses.
The possible ‘liquidity crunch’ is approaching, while the Federal Reserve is likely to be ‘on hold’ in March.
I am currently writing the scenarios for the geopolitical future of Europe, which will be published next week. However, I wanted to first comment on the recent developments in the U.S. regional banking sector, noted also by the Chair of the Federal Reserve, Jerome Powell.
Keep reading with a 7-day free trial
Subscribe to Tuomas Malinen’s Forecasting Newsletter to keep reading this post and get 7 days of free access to the full post archives.