A government shutdown on Oct 2nd could trigger a series of bank runs as furloughed government employees + regular customers pull deposits to pay bills.
These banks are already pushed to the brink. A failure to pass the 12 appropriations bills will have "unforeseen" consequences. https://t.co/gGJD4yrHah
— Financelot (@FinanceLancelot) August 22, 2023
BREAKING: S&P downgrades multiple U.S. banks citing "tough" operating conditions
KeyCorp, Comerica, Valley National, UMB and Associated Bank
— Financelot (@FinanceLancelot) August 22, 2023
What's wrong with Citi?
It is poised to have its lowest close of 2023, back to the panic levels of mid-March when Silicon Valley Bank failed. pic.twitter.com/fPQCIIYwaa
— Jim Bianco (@biancoresearch) August 21, 2023
Subprime auto loan delinquencies are surpassing 2008 without a dip in employment.
A complete disaster is on the horizon. pic.twitter.com/YsgzFhlH0J
— Darth Powell (@VladTheInflator) August 22, 2023