Are bank runs and financial contagion incoming?

[Wales-Bales]

hearing WEF are trying to drive this earlier than planned . the graph below shows the state of play since 2008 regarding US banks

The US banking system is a gigantic house of cards. We are seeing the inevitable collapse of many banks. Just look at their levels of losses from bonds and debt securities - a much worse situation right now than the financial crisis of 2008-2009. #BankingCrisis pic.twitter.com/pqvEMyfENo
— James Melville (@JamesMelville) May 4, 2023

Wow, they look seriously troubled by those pesky hi-tech stocks!

[Rjk]

https://www.reddit.com/r/dataisbeaut...t=share_button

[Wales-Bales]

https://www.reddit.com/r/dataisbeaut...t=share_button

It's been deleted, give us the coffee machine spiel.

[Rjk]

It's been deleted, give us the coffee machine spiel.

the what?

[Wales-Bales]

the what?

Summarise the post that was deleted!

[Rjk]

https://www.reddit.com/r/dataisbeaut...eb2x&context=3

[Wales-Bales]

https://www.reddit.com/r/dataisbeaut...eb2x&context=3

So they are saying it's going to be worse than 2008?

[Rjk]

So they are saying it's going to be worse than 2008?

Are they?
I didn't think they were drawing any conclusions, I just thought it was an interesting visualisation

[Wales-Bales]

Are they?
I didn't think they were drawing any conclusions, I just thought it was an interesting visualisation

It's the what comes after that's the worrying bit .. problem, reaction, solution.

[Rjk]

Screenshot_2023-05-12-07-53-16-104_com.miui.gallery-edit.jpg

[Wales-Bales]

Screenshot_2023-05-12-07-53-16-104_com.miui.gallery-edit.jpg

Yep, it's a massive bubble that's going to be popped one of these days, and most people will be none the wiser. So now you know why the interest rates keep on going up, because nobody want's to take the blame for this giant Ponzi scheme. CBDC incoming?

[MOZZER2]

Yep, it's a massive bubble that's going to be popped one of these days, and most people will be none the wiser. So now you know why the interest rates keep on going up, because nobody want's to take the blame for this giant Ponzi scheme. CBDC incoming?

The US faces financial and economic 'catastrophe' if Congress does not raise the debt limit, according to Treasury Secretary Yellen.

[Wales-Bales]

The US faces financial and economic 'catastrophe' if Congress does not raise the debt limit, according to Treasury Secretary Yellen.

At least they will have someone else to blame.