bullish
TPW Advisory Friday Musings: Like A Hurricane
SUMMARY
- Just when one was getting sick & tired of the never ending inflation saga along comes something straight out of the blue – like a hurricane to paraphrase Neil Young & Crazy Horse.
- In this case it’s the crypto collapse with a sting in its tail which took down Silvergate Capital Corp & Silicon Valley Bank (SVB) in a matter of days, upending even the top tier jobs #.
- Neil & the band came up with that tune back in 1977 (personal confession – Live Rust is one of my go tos for gym workouts) and today one can read about how SVB parallels not quite the 1970s but the S&L crisis of the early 80s.
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- TPW Advisory Friday Musings: Like A Hurricane11 Mar 2023
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