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The Debt Ceiling Debate
The debt ceiling is dominating headlines as we narrow in on the potential X-date—at which time the U.S. Treasury will have insufficient cash to pay interest on the debt along with its other obligations. That date may arrive in early June, or potentially even sooner. While the likelihood of a U.S. government default is very low, the […]
Failing Federal Reserve Makes Mistake
The Federal Reserve has made a mistake by delivering a 25 basis-point interest rate hike amid ongoing financial market turmoil and recession red flags, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. The grave warning from deVere Group’s Nigel Green comes as Fed Chair Jerome Powell at Wednesday’s meeting […]
Silicon Valley Bank Default Rattles The Markets
Banking is relatively simple, they raise deposits and lend money. To do so successfully, a bank must manage a few risks. First, they need to duration hedge to address the difference between short-term deposit rates and the interest rate they lent money stays positive. Second, they hedge the credit and price risk of their assets. […]
