Pouring good oil on bad banks
The US banking sector is more fragile than usual. While oil is blamed for inflation, prices have been in retreat since 2022
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INFLATION is an everyday hit on the pocket and the credit card. It’s an everyday reminder that perhaps those gloomy forecasts of economic collapse may be correct and that we should brace for more American banks to collapse.
The ghost of the 2008 Bear Stearns collapse whispers in the ears of those old enough to remember those years.
Fear, founded on social media messages, is contagious because it is often based on uninformed comments, rather than more considered analysis.
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