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.
Cory’s Chart Corner
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different.
h/t Jessie Felder
about 10 hours ago
- Very impressive...however, given we're a consumption led economy, robots will become just another channel of wealth… https://t.co/OcCREIZbuL
about 12 hours ago
- What determines an inverted yield curve w/QE distortions and a short end at 1.25%...does the 10 yr really have to g… https://t.co/9NEwz1H25x
about 2 days ago
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different. h/t Jessie Felder
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