An extra day of reflection has investors believing that the probability of a banking apocalypse is less than they calculated Monday.
"Based on the information available so far, we think wider liquidity events are unlikely," Oxford Economics stated in a research note Tuesday.
But "unlikely" hasn't stopped massive deposit outflows, the likes of which contributed to Moody's downgrading the entire U.S. banking sector—despite the government's emergency backstop.
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
Comments
Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.