Bank Blowup, and Cracks Forming? 3/10/23
Silicon Valley Bank has been shut down after efforts to raise cash reportedly failed. The pressure is spreading through the banking industry. We’ll survey the damage being done to stocks, and ask an analyst what the contagion risk is too. Plus, we added 311,000 jobs in February, much more than expected. But the unemployment rate rose, and wage growth slowed. Is the job market finally cooling? We’ll debate.
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Show Notes
Silicon Valley Bank has been shut down after efforts to raise cash reportedly failed. The pressure is spreading through the banking industry. We’ll survey the damage being done to stocks, and ask an analyst what the contagion risk is too.
Plus, we added 311,000 jobs in February, much more than expected. But the unemployment rate rose, and wage growth slowed. Is the job market finally cooling? We’ll debate.
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