TPW Advisory Friday Musings: Like A Hurricane

437 Views11 Mar 2023 09:43

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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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