A Tale of Two Depressions
World industrial production, trade, and stock markets are diving faster now than during 1929-30.
https://www.voxeu.org/index.php?q=node/3421&ref=patrick.net
Consumer borrowing plunges by $15.7B in April
The Federal Reserve said Friday the April decline was the second largest ever in dollar terms following March's drop of $16.6 billion. March's decline originally was reported as $11.1 billion, which had been the most on records dating to 1943.
https://snipurl.com/k05ap
Most banks still getting weaker, analysis shows
First-quarter reports show bad loans increasing at 60% of banks.
https://www.msnbc.msn.com/id/31193659/ns/business-us_business/
Dead Banks Walking
The Federal Deposit Insurance Corporation (FDIC) list of problem banks grew to 305 in the first quarter, the highest number since 1994, but of course the names of those banks are not released so that depositors can be forewarned.
https://mises.org/story/3507
From Information Clearing House
https://freepage.twoday.net/search?q=industrial+production
https://freepage.twoday.net/search?q=stock+market
https://freepage.twoday.net/search?q=Great+Depression
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=bad+loans
https://freepage.twoday.net/search?q=Doug+French
https://www.voxeu.org/index.php?q=node/3421&ref=patrick.net
Consumer borrowing plunges by $15.7B in April
The Federal Reserve said Friday the April decline was the second largest ever in dollar terms following March's drop of $16.6 billion. March's decline originally was reported as $11.1 billion, which had been the most on records dating to 1943.
https://snipurl.com/k05ap
Most banks still getting weaker, analysis shows
First-quarter reports show bad loans increasing at 60% of banks.
https://www.msnbc.msn.com/id/31193659/ns/business-us_business/
Dead Banks Walking
The Federal Deposit Insurance Corporation (FDIC) list of problem banks grew to 305 in the first quarter, the highest number since 1994, but of course the names of those banks are not released so that depositors can be forewarned.
https://mises.org/story/3507
From Information Clearing House
https://freepage.twoday.net/search?q=industrial+production
https://freepage.twoday.net/search?q=stock+market
https://freepage.twoday.net/search?q=Great+Depression
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=bad+loans
https://freepage.twoday.net/search?q=Doug+French
rudkla - 13. Jun, 10:32
