Mon Mar 13, 2023 – 2:49 pm EDT
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(LifeSiteNews) — The swift collapse of Silicon Valley Bank late last week, as well as all the turmoil afflicting the Church and society, is making it clear just how important it is to financially and spiritually protect yourself and your family.
Today on The John-Henry Westen Show, Drew Mason of St. Joseph Partners reacts to the failure of Silicon Valley Bank, addresses whether or not another financial crisis is on the horizon, and offers another meditation on the importance of fasting in the spiritual life.
Mason says there are reasons to believe the sudden failure of Silicon Valley Bank will not cause widespread ripple effects across the financial sector and economy, in the way that the failure of major banks like Lehman Brothers and Bear Stearns in 2008 portended the Great Recession. But, he adds, there are some other data points that can be cause for concern.
“This year we’ve had data points showing that the housing sector, broken up across the different verticals — meaning industrial, commercial, retail, and the darling of Wall Street, which they call multifamily
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