Excellent article today from Mike Shedlock on S&L Crisis vs. Current Crisis.
While we will not know the final damage and economic cost of the 2000's credit crisis until a few years hence, it is helpful to be mindful of other incidents that were similar in history and try to compare their relative scope and magnitude to our present facts:
“Add it all up and the upcoming bank crisis is going to be far greater than what happened in the 1980's even though the number of failures will be far smaller.”
Interesting data. Worth the read.
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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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