/ 23 March 2023

Banking shock exposes cheap cash addiction

Silicon Valley Fed
What goes up must come down: Federal Reserve Board Chair Jerome Powell leaves a news conference in Washington. The Fed’s hiking cycle contributed to the sudden collapse of tech lender Silicon Valley Bank recently. Photo: Saul Loeb/AFP
The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

This content is restricted to subscribers only.

Join the M&G Community

Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.

Subscription enables:

  • - M&G community membership
  • - independent journalism
  • - access to all premium articles & features
  • - a digital version of the weekly newspaper
  • - invites to subscriber-only events
  • - the opportunity to test new online features first

Already a subscriber?