Posted 11/5/2023, 2:01:02 PM
Expert Warns Silicon Valley Bank Collapse Could Spark Wider Banking Crisis as Rates Threaten Real Estate Loans and Business Investment
- Silicon Valley Bank collapse likely not an isolated event - many other banks may fail according to Duke professor
- 10% of banks have similarities to Silicon Valley Bank and are at risk
- Rising interest rates will lead to problems when commercial real estate loans are renegotiated
- Federal Reserve should have stopped raising rates earlier to avoid recession
- Long-term interest rate increases make it difficult for businesses to invest and crater the housing market