So the financial system is doing fantastic though we misplaced extra in financial institution crashes than in 2008/9 mixed?! – Funding Watch

by Tiredworker27

“Mixed, First Republic, Silicon Valley Financial institution and Signature Financial institution held extra in inflation-adjusted property than the 25 U.S. banks that collapsed in 2008.” t.co/o1ENhsZhU3 pic.twitter.com/J6999PswHa

— Michael Jackson (@WorkMJ) May 3, 2023

Mixed financial institution failure losses in 2008/9 adjusted for inflation had been round 550 Billion. Inside 2 years.

Inside 2 months the financial institution failures of Republic, Silicon and Signature stand at 570 Billion.

However we’re not in a recession/despair and the financial system is doing nice.

I feel by the tip of the 12 months it’ll collapse utterly – but many individuals are nonetheless satisfied by the propaganda that every thing is okay.

Banks be needing suspenders now