March 12, 2023

Eye of the Storm Podcast 3/11/2023 – “Behind the Curtain” – SVB, Contagion, FDIC, FED, and more.

Dan Ascani and I get ‘behind the curtain” and take a look at the developing situation being created by the collapse of Silicon Valley Bank. The unfolding and the depth of the ramifications of SVB being taken over by the FDIC and the State of California was swift – the entire ordeal took 48 hours before regulators moved in and shut it down. Taking a look behind gives a look into the “carry trade.” Dan shares some detail of the past “carry trade” caused crashes large and small from 1987 through the Pandemic crash.