https://uk.finance.yahoo.com/news/imf-chief-warns-global-financial-165655888.html Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses
Biden Plan to Cut Billions in Medicare Fraud Ignites Lobbying Frenzy https://nyti.ms/42Kk0LR
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_first-republic-rescue-may-rely-on-us-backing-activity-7044077812265185280-GQP1?utm_source=share&utm_medium=member_android
On the challenges of CBDC. Privacy seems to be the major concern. Thus far pilots in China and Nigeria have gotten off to q slow start. Central banks’ digital currency plans face public backlash – https://on.ft.com/405hiig via @FT
https://www.washingtonpost.com/business/2023/03/18/senior-care-costs-too-high/
Breaking: Swiss National Bank offers support to Credit Suisse Potentially good news though troubling that such an announcement was necessary. I would note that Credit Suisse’s assets are about equal to the GDP of Switzerland. Not apples to apples but rather an indication of potential limits to SNB support for CS. https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/
Silicon Valley Bank’s Collapse Caught Regulators Off Guard https://www.wsj.com/articles/where-were-the-regulators-as-svb-crashed-35827e1a
https://www.cnbc.com/2023/03/08/how-etfs-are-expediting-bond-market-modernization.html
A stark warning from Fitch. Though there is no risk of something replacing the dollar as the world’s reserve currency, that is a necessary but not sufficient condition to avoid fallout from the US debt ceiling debate. https://www.cnn.com/2023/03/06/economy/us-credit-rating-fitch/index.html
Money mistakes even wealthy people make – https://on.ft.com/3ETpU2O via @FT