Global Return Asset Management's commentary for the month of March 2023, discussing banks having significant systemic risk on their balance sheets.
Dear Friends and Partners,
You will recall when we spoke in January that I flagged banks as having significant systemic risk on their balance sheets and that this was my biggest concern for 2023.
The sudden bankrupcy of America's 17th largest bank, Silicon Valley Bank, is exactly the type of risk and example I was talking about.
I also shared that I was writing a whitepaper on this topic and would be distributing it in the coming months. However, becuase of Silicon Valley Bank's collapse, I rushed to complete...
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