Profiting in Times of Crises: The Silicon Valley Bank Story
In the early 19th century it was enough to say ‘he/she has a rent of 50,000 francs’ to describe a hefty fortune of 1 million francs.
Interest rates became one of the major tools for the economy’s ‘thermal regulation’ The lower the rate, the more money is available in the system, fueling business activity, consumption, and with it inflation.
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