Quote:
Originally Posted by Cynthetiq
Sorry doing too many things at once. The list I posted should have stayed as a table, here's a graphic instead.
You can see that the banks weren't in free fall as far as closures are concerned nor was unemployment. Graphs of those time periods would not show a sharp drop off as you are implying.
FDIC: Failed Bank List
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So you think the date a bank fails is the meaningful date? All the banks that failed were in trouble long before they failed.
You can look at it anyway you want. I think last summer/fall is when the shit hit the fan. That shit had been piling up for years, IMO largely due to dereg. I know my 401K and other holdings lost about 43% between July and late Oct. In the spring I was sailboat shopping, by winter I was wondering if selling my truck might not be a bad idea.