RE: Gold doing well!4 May 2023 17:42
Banking crisis. Jeeeez... some banks, some businesses, some governments, some pension funds, some individuals - they betted on persistent low interest rates, ESG policies and they got their business strategy wrong. They are therefore shaken out of the tree. There will be more, there always is when the macroeconomic picture changes and the players fail to respond. Frankly, after COVID, the damage is quite limited. The real damage is being done at te small business end with thousands of small businesses unable to cope with the high energy costs, that's a net zero anti-fossil fuel policy failure which is only going to get worse.