This is a disturbing echo of 2007-2008, but on a far more dangerous scale.
The chart exposes a terrifying reality: the unrealized losses now haunting FDIC-insured institutions are surpassing those seen during the 2008 crisis.
The data lays bare the gravity of the situation, serving as a dire warning of the storm brewing in the financial sector.
I judge the state of the economy by cars. In 2007 I made a mental note of how many nice cars parked in the drives around areas that you wouldn’t expect them. Just a few days ago i saw a VERY nice Land Rover parked on the street with a for sale sign. It’s a dumb theory but cars are the canary in the coal mine for me.
Don't worry the banks and the Fed have streamlined the bail outs
