ZMAB15 | Musings from Mark Baker
DRAKON is a visual language from the aerospace industry for representing algorithms, processes, and procedures. The goal of DRAKON is to make procedures easy to comprehend.
Some context is warranted. First, the statement that SVB and SBNY were the second and fourth biggest bank failures is only true if we do not adjust for inflation or scale the failures relative to GDP . Once we take inflation into account and also the size of the bank’s deposits relative to GDP, we find that Depression-era failures were substantially bigger.
The former Union Bank building in the heart of San Francisco’s financial district , located at 350 California Street, was auctioned off last week. The winning bid was $65 million, roughly 75 percent less on a per-square-foot basis than comparable building sales from just before the pandemic.
ZMAB15 | Musings from Mark Baker