MISH'S
Global Economic
Trend Analysis

Recent Posts

Sunday, February 15, 2009 11:31 AM


Cumulative Bank Failures Over Time


Mish Moved to MishTalk.Com Click to Visit.

The FDIC has a report called the Failed Bank List. Here is a partial listing that shows the most recent 20 bank failures.



click on chart for sharper image

"Fish Gone Bad" sent me the following chart showing cumulative bank failures over time.



While a logarithmic chart might be better, and perhaps will be necessary in a short period of time, the chart does depict what is happening.

Looking at the period of no bank failures in the above chart reminded me of something.

$VIX: The Calm Before The Storm




click on chart for sharper image

While not calling for the $VIX to do anything in particular other than not head back below 10 for years, it is a near certainty that bank failures are going to soar. There are easily hundreds banks that are insolvent right now. The only question is how long the FDIC continues to hide that fact.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Last 10 Posts


Copyright 2009 Mike Shedlock. All Rights Reserved.
View My Stats