in4thelonghaul

1 Month, 24 Bank Failures: Random Event or Wilting Economy?

Though 24 failures is indeed an ominous jump..it means little except to indicate a possible trend. After all, bank failures are a 'lagging' indicator...right(?); just about everything is a lagging indicator and counts for spit. The government has already declared that they will just print money, any amount of money required, so who gives flying fruck about another few banks, even a few hundred banks...IT IS JUST MONEY DUMMY!!! Now, show me a consecutive series of poor debt auctions and the politicos will all be soiling themselves...until then get a grip man.

Comrade, you need to get with the program...the beginning of the end of the recession is upon us. Everything, and I mean everything, which doesn't support the party line is a lagging indicator. You need to relax and turn on CNBC.