Woe to Those Who Hang Their Financial Fate on “Macro”
4 Nov 2023 5 minute read 2 comments MarkHelfman
On November 3, 2023, Citizens Bank collapsed. Its closure marked the fifth US bank failure of 2023, the most bank failures in a single year since 2017. After a few years of calm, people in the US rediscovered a hard truth: Even the safest assets a...