After all:
Growth in an industry is good. Therefore: growth in bank failures is good.
(I'm bucking for a spot on Fox.)
:-)
The long period of quiescence (coinciding with the credit expansion phase of the subprime bubble) set the conditions for cascading failure.
Somehow, the dot-com bubble was of a different character.
It would be interesting to align these charts with the money supply... En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
