2 years ago

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The American Financial System is currently in a precarious position. Higher debt than ever before, massive inflation, shaken confidence and cascade bank runs in smaller industries have left the foundation of a docile, stable customer base shaken to its very core.

Drawing parallels to the 1933 Bank Holiday, it is becoming clear that any number of trigger events may be possible. Institutions are only as strong as customer faith in them... and that faith... is waning.

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#Recession #Finance #Banks