Why Ray Dalio says SVB collapse is a ‘canary in the coal mine’

That’s the recently retired Ray Dalio, weighing in via his popular LinkedIn page to offer his thoughts on the collapse of Silicon Valley Bank, or SVB, and the regulatory response.

SVB, whose client base was heavily concentrated among venture-capital startups, was closed by California’s bank regulator on Friday, while New York’s Signature Bank was shut down on Sunday — they followed the earlier closure of Silvergate Capital. Federal regulators late Sunday announced that SVB depositors, including those with deposits above the…