‘Quick Takes’ ask the question…
Are We Done with Bank Failures?
To be sure, this is the question many have been asking since the first bank failure of Silicon Valley Bank on March 10, 2023.
It is easy to over-complicate this question; it’s not an over-complicated answer, as Mike Green, Chief strategist, and portfolio manager, answered on a May 11, 2023, podcast.
Interviewer (Erik Townsend):
“So how do we make sense of this? How do you even know when the banking crisis is over?”
“Well, the quick answer is that the banking crisis will be over when we actually start to treat the underlying condition.”
What is the underlying condition? Click the link below to learn more.