Is the U.S. Banking Industry About to Collapse?
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The collapse of Silicon Valley Bank (SVB) has sent shockwaves around the world.
Though by all available measures the U.S. economy isn't in a great place, the second largest bank collapse in American history, which triggered the third largest, is concerning to say the least. This financial turmoil has spilled into other banks around the world, and the bloodbath might not be over yet.
On Monday alone, U.S. banks lost $100 billion in value.
So is the nation about to head into another hard recession or, worst still, a depression? That remains to be seen, but the news isn't good.
Later today, the Consumer Price Index report on inflation will come out. As the Fed seems poised to pause any rate increases in hope of stabilizing the markets, that may bring a bit of welcome reprieve but it's only a temporary measure.
Have a wonderful week!
Brittany
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Consensus on Spending Number Falls Between Two TABOR Bills
A TABOR is important to prevent a tax-and-spend rollercoaster. Without a TABOR, budget volatility encourages irresponsible management.
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Repairing the damage to the North Carolina Supreme Court
The court must reestablish judicial restraint and return to following the constitution rather than politics.
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Being vs. Seeming in Crafting Policy
No doubt most policy interventions are made to better society, but starting with the best of intents cannot be enough.
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What’s on the Locke Calendar
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Surviving Socialism: A Conversation with Daniel Di Martino - Join us for a night of conversation about the perils of socialism with Di Martino, who was born and raised in Venezeula before defecting to the United States. For more, click here.
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Fighting for the America I Love – Former Secretary of State Mike Pompeo will be speaking at the Jesse Helms Center in Charlotte. For more, click here.
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What is driving the intolerance in higher education? Is there hope for our nation's universities? Professor Mark McNeilly, of UNC's Kenan-Flagler Business School, shares about the work the University of North Carolina is doing to promote free expression among students and faculty.
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