Regional Bank Crisis Spreads To Big Banks As US Bancorp Tumbles, Stocks Dump Amid Widespread Liquidations

“… the only thing that can stop this crash is the Fed cutting rates… which needless to say, would be reputational suicide for the what little credibility the Fed has left as it would be the fastest reversal following a rate hike in history…and will immediately send all non-USD alternatives soaring to record highs, as the dedollarization conversation turns much more serious.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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