Bank Failure Risk is 8x Higher than the GFC

Wow

The banks are currently sitting on $750 billion in losses on real estate debt.

This number is 7 times larger than it was in 2008 when the housing bubble popped. 💀 pic.twitter.com/7W0rKyYhXK

— QE Infinity (@StealthQE4) October 27, 2024

See also Central bankers are incompetent, "battle-hardened" by failure, and likely to cut rates as soon as they can get away with it.

See also Con Edison voltage reduction in Queens and Brooklyn during 102 degree heat sparks reports of full outages and AC failure