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Showing posts from April, 2023

Art Market Resilience: A Safe Haven in Times of Financial Turmoil

The recent instability in the banking industry, witnessed on both sides of the Atlantic, has served as a stark reminder of the importance of resilience and diversification in our financial strategies. Unlike the 2008 financial crisis, where the fragility of traditional banks was at the forefront, this time, the speed at which digital money can be withdrawn has underscored the limited reaction time available, further exacerbating the overall situation. Recent analysis by JPMorgan Chase reveals that in the mere two weeks since the failures of Silicon Valley Bank and Signature Bank, an estimated $550 billion has shifted from smaller and regional banks to larger institutions and money market funds in the United States. Pablo T | Gauguin In times of market turmoil, the movement of money is inevitable. The challenge lies in finding secure and growth-oriented avenues for reinvestment. Just before the crisis hit, firms like Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse, were gra