The banking crisis – a root cause analysis
As the banking crisis unfolds, it does not remain limited to the US but is spreading to all of Europe and will likely impact every country even if the banks concerned do not have direct relationships with them.
All past global economic/financial crises began in the US and spread across the world within a few months. How many of us know that the US Federal Reserve (Fed) printed USD3tn in just three and a half months in mid-2020?
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