Here is a look at bank closings for the year 2010 (note this does not include any closings the last 2 weeks of the year).
All charts courtesy of the Chart Store:
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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January 3rd, 2011 at 2:00 pm
I wonder if the Chart Store has access to more historical data. Absolute #’s make good graphs but don’t necessarily provide good comparisons from one era to another.
So, given historical context, I would wonder what is the relative percentage of banks that have failed this time vs. previous downturns? Or perhaps more interesting, what is the percentage of total $’s on deposit compared to past downturns?
-Bob
January 3rd, 2011 at 2:06 pm
Interesting how similar the number of closings in 2009-10 look to 1985-86. Does that mean we have another 3 years until we hit a peak like 1989? I wonder.
January 3rd, 2011 at 8:30 pm
Marcus,
you’re right to wonder..see some of this http://us1.institutionalriskanalytics.com/www/index.asp
and, more generally, http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Chris+Whalen+IRA