This story was originally published on HackerNoon at: https://hackernoon.com/profiting-in-times-of-crises-the-silicon-valley-bank-story.
Examining interest rates' evolution & their role in modern economies. Discussing COVID-19, Ukraine war & inflation's impact on SVB's collapse & stakeholders.
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In the early 19th century it was enough to say ‘he/she has a rent of 50,000 francs’ to describe a hefty fortune of 1 million francs. Interest rates became one of the major tools for the economy’s ‘thermal regulation’ The lower the rate, the more money is available in the system, fueling business activity, consumption, and with it inflation.