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Tue Dec 18, 2018, 11:52 AM

Peak "Everything Bubble"?

https://m.&t=8s

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Reply Peak "Everything Bubble"? (Original post)
marmar Dec 2018 OP
OnlinePoker Dec 2018 #1
PoindexterOglethorpe Dec 2018 #2

Response to marmar (Original post)

Tue Dec 18, 2018, 12:29 PM

1. 2018 is the first year since 2006 that no banks have failed

Still a couple of weeks to go but I doubt they would shut them down between now and the new year.

https://www.fdic.gov/bank/individual/failed/banklist.html

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Response to marmar (Original post)

Tue Dec 18, 2018, 01:21 PM

2. That's an amazing statistic.

I didn't realize to what extent there are bank failures every single year.

My ex worked for about a decade doing banking software, and while it was nice that he got every single federal holiday off, other times he worked very long hours to fix whatever. I did know from him that if a bank couldn't balance its books for something like 48 hours (someone here may know the exact time frame but it was short) it could be shut down.

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