US Financial Conditions Collapse On Fed Failures (Bank Stocks Continue To Fall Despite Biden’s Assurances) – Confounded Interest – Anthony B. Sanders

The Fed (Bernanke, Yellen, Powell) kept rates too low for too long (their new moto?), and hell is now being paid.

US financial conditions index collapsed on the 3 bank failures … so far.

Despite what Resident Biden said about banks, bank stocks fell again today.