Experts weigh in on US banking crisis and inflation concerns.

1 min read
Source: Markets Insider
Experts weigh in on US banking crisis and inflation concerns.
Photo: Markets Insider
TL;DR Summary

Several banks, including Silicon Valley Bank, Silvergate, Signature Bank, and Credit Suisse, have collapsed in less than a month, while Deutsche Bank's stock tumbled due to growing default risk. Experts, including Jerome Powell, Nouriel Roubini, and Elon Musk, have shared their views on the banking crisis, with some warning of a looming financial crisis and others calling for the Federal Reserve to contain the crisis among regional banks. Charles Schwab's chief investment strategist also warned of a potential credit crunch that could send the economy into a downturn.

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