Park Avenue Numismatics
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3.29.23 - Will Deutsche Bank be the Next to Fall?
Gold last traded at $1,964 an ounce. Silver at $23.32 an ounce.
This banking crisis isn't 2008. That doesn't make it a good thing: Morning Brief -Yahoo!Finance
We've been hearing several comparisons between our current banking crisis and the banking crisis of 2008. Which is worse? A banking crisis of any kind, whether its the worst of the worst or just plain bad, will leave many people with catastrophic losses.
by Myles Udland - Head of News
A daily refrain from investors and financial commentators has been to remind viewers, listeners, readers, and anyone else within earshot that this banking crisis is not 2008.
"Similarities with the lead-up to the global financial crisis are becoming more apparent each week, but we believe key differences make a reprise unlikely," wrote Tamara Basic Vasiljev, senior economist at Oxford Economics, in a note to clients on Tuesday.
"More banking sector upheaval and consolidation is possible, but we think broader economic damage is likely to be contained," Vasiljev added.
And indeed, current angst over FDIC insurance limits, business model risks among regional banks, and another iteration of fears about the commercial real estate market all remain a safe distance from the existential questions the 2008 crisis surfaced at its nadir.