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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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John B Lounsbury CFP
My blog:
Global Economic Intersection
  • Bank Failure Rate Keeps Accelerating 0 comments
    Aug 22, 2010 11:26 PM | about stocks: KRE, KBE, XLF

    The following graph from  The Chart Store via Barry Ritholtz and  The Big Picture tells the story.



    Almost 50% more banks have failed so far in 2010 than the same period in 2009.  Accelerating indeed! 

     



    Disclosure: No positions.
    Stocks: KRE, KBE, XLF
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