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Thursday, May 04, 2023

So the economy is doing fine although we lost more in bank crashes than in 2008/9 combined?

 https://twitter.com/WorkMJ/status/1653649508352368642/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1653649508352368642%7Ctwgr%5E69b0a94b40b10ed99afa3c844b63f71bfd4039a1%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.investmentwatchblog.com%2Fso-the-economy-is-doing-fine-although-we-lost-more-in-bank-crashes-than-in-2008-9-combined%2F

Combined bank failure losses in 2008/9 adjusted for inflation were around 550 Billion. Within 2 years.

Within 2 months the bank failures of Republic, Silicon and Signature stand at 570 Billion. 

But are not in a recession rest assured. S/

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