Episodes
![The Economic Impact of Banking Turmoil](https://pbcdn1.podbean.com/imglogo/image-logo/4666493/jpm-am_podcast_cover_NOTWA_1400x1400_300x300.png)
Monday Mar 20, 2023
The Economic Impact of Banking Turmoil
Monday Mar 20, 2023
Monday Mar 20, 2023
A good set of brakes is a very comforting thing. A gentle tap of the foot should produce a quiet and gentle deceleration, as brake pads press up against disc rotors, in a smooth but firm action. When I drive these days, I take this technology for granted.
However, the vehicles I drove as a young man offered far less assurance. There were times when applying the brakes unleashed a cacophony of shrieking, squealing and grinding noises as worn-out pads battled with rusty rotors. The braking action would be either be frighteningly nonexistent or of a sudden, whip-lash intensity. Of course, in those vehicles, the acceleration wasn’t great either. However, any temptation I might have had to drive more quickly was quickly squashed by doubts about my ability to slow the car back down again when I needed to.