Life is getting tough for borrowers. Where will the pain be felt?

After american regulators seized control of a collapsing Silicon Valley Bank (svb) last month, the fallout felt unpleasantly familiar. The biggest bank failure since 2008 was swiftly followed by others. Signature Bank, a lender in New York, fell two days later. Another week and fleeing investors had forced Credit Suisse, a 167-year-old Swiss bank, into […]

A Day in the Life of Homo Economicus

There are four of us, standing self-consciously at an airport jetway, waiting for the ticket agent to finish printing our travel certificates. We chat and joke, as perfect strangers sometimes will, newly united in a little drama of our own making.  The flight, you see, was overbooked.  And we were the few, the four lucky […]