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+--- Thread: Is something happening in the USA again? (/Thread-Is-something-happening-in-the-USA-again)
Is something happening in the USA again? - PunterKing - 03-17-2023
It appears that following the bankruptcy of Silicon Valley Bank, numerous economic experts are concerned that this might lead to issues with other banks in the USA, and consequently, a new global economic crisis. What do you think, will we face another economic crisis like the one in 2008? It also began with bankruptcies, starting with a large insurance company, Fannie Mae, and then with Lehman Brothers, etc.
We have only just recovered from the coronavirus pandemic, the Russian-Ukrainian war is ongoing, and now it seems another crisis from the USA is on the horizon.
RE: Is something happening in the USA again? - firestorm2012 - 03-17-2023
I was worried when news of the bank collapses hit last week but judging by how the markets have reacted and mostly recovered, it does look to me that the US are bailing out the most important banks, protecting them from failing. Therefore also Wall Street so, so far, has not shown any significant overall weakness. Without knowing what's to come next, it feels like things are in order and I still see growing signals. For all we know, the markets and whoever is in charge have learned from 2008