How Jerome Powell Killed Silicon Valley Bank

Silicon Valley Bank was betting heavily on interest rates not rising. And then they rose.

Money How Jerome Powell Killed Silicon Valley Bank By James Early , Contributor. Forbes contributors publish independent expert analyses and insights. I write about investing. Follow Author Mar 10, 2023, 08:23pm EST Updated Mar 10, 2023, 09:22pm EST Ok. For the record, I like Jerome Powell. He may have underestimated inflation, but so did a lot of people. Rather, I want to talk about how rising interest rates crippled Silicon Valley Bank — and how this might affect other banks, as well as your portfolio. What happened to Silicon Valley Bank With a hat tip to this fine Mint.com explainer , the

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