Season 2023 · Episode 22
Bank Carnage
The David McWilliams Podcast · David McWilliams
March 21, 202340m 11s
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Show Notes
You wait for bank failures for years then... three come in a week, one in the home of banking, Switzerland,. This presents central banks with a dilemma. Central banks have two key mandates. One is controlling inflation which, right now, demands higher interest rates, the other preserving the banking system, which right now requires lower interest rates. What gives?
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