Bank failures since 2001
observablehq.com/@mbostock/bank-failures
And a similar graph adjusted for inflation:
this one is adjusted pic.twitter.com/ZtPSyLHMum
— viralhysteria (@viralhysteria) May 2, 2023
S**t Just Hit The Fan Across Markets, Regional Banks Crashing
Weak JOLTS?, Poor factory orders, hot EU inflation, surprise RBA rate-hike, a sudden realization of the urgency and seriousness of the debt ceiling debacle, Europe back from vacation, or just pre-FOMC jitters?
Or was it this!?
As a reminder, the Fed NOW has next week's dire SLOOS report in hand
— zerohedge (@zerohedge) May 2, 2023
Who knows to be frank but everything went just a little bit turbo, starting with a total collapse in regional banks…
And despite the Biden admin claiming that FRC was just another ‘outlier’ business model, PacWest, Western Alliance, and Zions (among others) are in a freefall…
Looks like we are back to “who’s next” after yesterday’s Milken Conference. Here’s a guide…
But the ‘big banks’ are also getting slammed…
