Small Business Hurt By Banking Crisis
If you eliminate the impossible, you get what must be true. Regional banks (even large ones) face sharply reduced deposit bases, for a number of reasons. You can watch many videos that I have mentioned since the interest rate turmoil has begun. The ripple effect, one way or the other, would circle back and challenge small businesses.
Does this mean that risky assets are vulnerable? Not necessarily. Jae’s Rib Shack isn’t listed as a public stock, and employment/spending/income may not be immediately apparent. In other words, this might take awhile to become evident in the prices of risky assets.
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