published by Bloomberg, the last two weeks of March saw the largest contraction in lending on record after the collapses. The Federal Reserve’s data on the subject only goes back to 1973, and in the last two weeks of March 2023, almost $105 billion was erased.
Alexandre Tanzi from Bloomberg explains that loans consisted of industrial, commercial, and real estate loans. Furthermore, last week saw $64.7 billion in commercial bank deposits removed from financial institutions, which marked the 10th straight weekly decline in deposits. Another sign of trouble is the spike in Federal Home Loan Bank bond issuance in March.
This is over six times the post-GFC average for the month of March and it indicates banks’ scramble for cash.
Banks are slowly disappearing from our sight. More and more people are now looking to turn their attention to digital assets
what happen with this ?
Elon should open a bank we could call it “Bank of Elon”😁
Why is Elon on the cover?
Run the money
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what would this represent?
He did it in 2023.
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Didd everything right,, thanks.
II readd it andd tuned inn to a bullish mood!!
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