BBC News - Live Blog: Reports in its 5.46pm post the following, " US markets relatively calm....Financial markets in the US have been jittery for months and the collapse of SVB led to big falls on the main stock indexes last week. But in the US the main indexes remain relatively calm at the moment...That could be a sign that many investors expect this crisis to remain contained. "
Lets Get Real:
This is not the near banking collapse of 2007/08, the US and Western economies reformed the banking system after the near cliff fall. Already POTUS has stated that people will get their money, and this is important as SVB dealt with start up companies in silicon valley. There will be rumours of other banks, that is natural, but they are rumours. The people should not worry, their personal money is safe and also the accounts of different companies. This shows that you need tough regulation when it comes to the banks and the markets, no one is to big to fail. Already the President has stated that those that run SVB will be out of job and the government will run them. There will be no economic collapse, its just the markets doing what they do, buy and sell shares in banks. Thus do not trust the internet, any one can make up a rumour, always go with the facts.
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