So far there are limited bank failures in the US and no contagion.
That could change.
The value of the liabilities of the last 3 banks that failed in the last few months exceeds the total amount of bank failures in the 2008-9 GFC. That's over 300 banks! This does not compute the figures are staggering.
If that doesn't worry anyone then we really are living in a parallel universe.
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