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Banking in very uncertain times

bitsaboutmoney.com · 7,542 words · saved by 1 readers

We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it.

Banking in very uncertain times Patrick McKenzie (patio11) • Mar 14th, 2023 Over the last week, three U.S. banks have failed. More banks are under extreme stress. This stress is not new and was not unknown but is becoming common knowledge rapidly. We may be in the early stages of a banking crisis. This situation is evolving very rapidly and this essay will not. Please check the WSJ or Financial Times for updates on the fluid bits. Hopefully this essay helps contextualize what is reported. “Crisis” is a bit of a strong word, even when invoked as a potential outcome, and I try to be fairly

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