Interesting graph. Look at 1980/82 and compare to 2009. [ht Calculated Risk]
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2 thoughts on “US Bank failure tracker | 1934 – 2009”
A depression is not simply about bank failures. It is more about
the population at large and its ability to prosper. US has 305
million people. Large segments of it’s population have been wiped
out economically for years, cumulative effects. Without an ability to recover. The failure rate of banks is not good in itself. But when you add all the other factors and look at the economic condition of the population. The economic state of the US is in extremely poor shape.
A depression is not simply about bank failures. It is more about
the population at large and its ability to prosper. US has 305
million people. Large segments of it’s population have been wiped
out economically for years, cumulative effects. Without an ability to recover. The failure rate of banks is not good in itself. But when you add all the other factors and look at the economic condition of the population. The economic state of the US is in extremely poor shape.