Over the past week, we’ve seen:
3 US Banks fail.
The Feds rush in to bail out all depositors at 2 US banks.
A potential run on a Global Systemically Important Bank in Credit Suisse.
That resulted in the Swiss Central Bank coming in to provide an emergency liquidity line.
A lot of commentators are talking about a banking crisis like 2008.
But the more I think about it – the more I think that’s misreading the situation.
Let me explain why.
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My Views on the “Banking Crisis” – Why I still don’t see this as 2008...