Missive #51 Published 19 March 2023
Some unambiguous signals that the Shit has truly Hit The Fan, are listed below. This is from a good article Not Much Time Left… by Capitalist Eric (Not to be confused with Erik)
Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? — A study by a group of economists: Erica Jiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru.