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We’re not going to go back to Biblical times on today’s post, but we will stick to living memory that goes back to 1950 when the Gaza Strip had a population of about 120,000. Today, it has a populatio.
The collapse of SVB is a disaster. How big a disaster is not yet clear.
At the very least the stockholders are out nearly 100% of their investments. Depositors with accounts that exceed the FDIC-insur.
I’ve noticed an uptick in the number of overeducated boobs claiming that their credentials make them uniquely qualified to opine on matters.
It’s a sign of the credentialism that has come.