Bank Problems Aren't Over, But It's Not 2008

Bank Problems Aren't Over, But It's Not 2008

May 12, 2023

Yes, we have banking problems.  No, this is not 2008.  It’s much more like the 1970s Savings & Loan problems.  In other words, we do not have credit problems today, we have duration (asset-liability) problems.  These are exacerbated by the fact that Quantitative Easing inflated total deposits in the banking system.

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