Economics and markets
Perspectives on banking developments and volatility
March 16, 2023
In this short video, Joe Davis, Vanguard’s global chief economist, discusses volatility in the financial sector sparked by two recent bank failures and shares his views on inflation and central bank policy.
Banking developments and volatility


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Video length: 3 minutes 1 second
Video transcript:
Joe Davis: Given recent headlines and market volatility, we really know that the importance of Vanguard’s investment philosophy and that long term perspective that we all share, that’s when its strength truly is magnified. Certainly we’ve seen market volatility increase around the financial markets around the world. We’ve seen concerns emanating particularly around liquidity in the financial markets and in certain financial institutions.
Related links:
- Bank closures, market volatility call for perspective (article, issued March 2023)
- Advice for investors feeling anxious (3:16 minute video, issued March 2023)
- Strong data could push U.S. recession down the road (article, issued February 2023)
- How to react when markets drop (article, issued March 2022)
Notes:
All investing is subject to risk, including the possible loss of the money you invest.
Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
Diversification does not ensure a profit or protect against a loss.
Investments in bonds are subject to interest rate, credit, and inflation risk.