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Flat White

Silicon Valley Bank: doomed to fail?

15 March 2023

4:00 AM

15 March 2023

4:00 AM

The basic question to ask about the collapse of the $200 billion Silicon Valley Bank (SVB) is, why did it take so long for such a collapse to occur?

The root cause of the bankruptcy is the vast increase in US government spending, which, like that of other governments, was not accompanied by matching increases in taxation.

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