The U.S. has witnessed one of the biggest bubbles of the past 100 years
Three U.S. banks have collapsed in a matter of months.
It could spell trouble for the world’s biggest economy as inflation soars.
It is part of a phenomenon known as an economic bubble, where current asset prices exceed their intrinsic valuation.
Silicon Valley Bank and Signature Bank are among those to fall apart.
Gregory Becker is the former CEO of the collapsed SVB, who says he’s “truly sorry” for what’s happened.
He says the bank was responsive to regulator concerns about managing risk and working to address issues.
Governments are grappling with the most rapid increase in interest rates across four decades. #featured #business #politics #banking
