I am normally an optimistic person when it comes to these particular things and have a decent banking background, but a lot of things with the banking sector and the markets as a whole these days, don't make much sense.
I don't have a ton of faith in the powers at be, like government officials and the regulators/ central banks.
What I do worry about is a lack of tools in the tool box to deal with our next financial crisis, whenever that may be. That one, could be the next big one and could involve 1930's era level of desperation and despair.
Bottom line for those who don't understand what may be potentially starting here and has in some ways happened with SVB is this. Clients and businesses may not be able to access their money and their credit facilities.
What happens if you or a company can't access their money? What if you can't pay for goods, services and payroll? It doesn't take too long before this domino effect can ripple across the economy potentially.
A good rule of thumb is to actually have some cash on you to pay for basic items during an emergency. I know we have mostly gotten away from cash but trust me, when s*** hit's the fan, and it always does, cash is required.
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