The New Bullish Market: Bank Failures
It seems like we just got bombarded with a bunch of bad news at the end of the 2nd quarter, which leaves some questions up in the air for the third; however, I think I may have found one sector that has stayed on the climb throughout 2009, BANK FAILURES.
Just take a look at this great chart I found (compliments of Calculated Risk).
You can obviously see the massive spike over the last week. If you are still interested in more check out Bank Failures: By The Numbers.
More on this topic
(What's this?)
Are Bank Stocks Such a Good Buy?
(naked capitalism, 8/17/10)
Steve Keen: Bank Profits a sign of economic sickness, not health
(naked capitalism, 8/12/10)
YOUR TEXTBOOKS LIED TO YOU – THE MONEY MULTIPLIER IS A MYTH
(THE PRAGMATIC CAPITALIST, 8/11/10)