Le secteur bancaire aux États-Unis est toujours en difficulté après l'effondrement de trois grandes banques. Selon les statistiques, prêts bancaires aux États-Unis. est tombé près de $105 milliards au cours des deux dernières semaines de mars, which is the largest decline on record. En outre, Elon Musk, a Tesla executive and owner of Twitter, recently commented on trillions of dollars being withdrawn from banks into money market funds, and he insists that the “trend will accelerate.”
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Statistics Still Show Glaring Signs of U.S. Bank Weaknesses; Musk Issues Warning
There are still plenty of signs showing that the U.S. banking system is feeling the aftermath of several high-profile bank collapses. During the first week of March, Banque Silvergate, Banque de la Silicon Valley (SVB), et Banque de signatures (SBNY) closed down operations. Both SVB and SBNY were placed under government control. Les Etats Unis. Réserve fédérale, Trésorerie, and Federal Deposit Insurance Corporation (FDIC) bailed out SBNY and SVB’s uninsured depositors and made all depositors whole.
Depuis, the banking contagion has spread across the United States and internationally, with financial institutions like SVB UK et Credit Suisse faltering. According to a recent rapport published by Bloomberg, the last two weeks of March saw the largest contraction in lending on record after the collapses. The Federal Reserve’s data on the subject only goes back to 1973, and in the last two weeks of March 2023, presque $105 billion was erased.
Alexandre Tanzi from Bloomberg explains that loans consisted of industrial, commercial, and real estate loans. en outre, last week saw $64.7 billion in commercial bank deposits removed from financial institutions, which marked the 10th straight weekly decline in deposits. Another sign of trouble is the spike in Federal Home Loan Bank (FHLB) bond issuance in March. Jack Farley, a journalist and macro researcher for Blockworks, shared a chart showing FHLB bond issuance surging last month “to just under a quarter trillion dollars.” Farley added:
This is over six times the post-GFC average for the month of March and it indicates banks’ scramble for cash.
Le co-fondateur d'Axie Infinity déclare que le jeu Blockchain prévoit de lancer un échange décentralisé, the popular Twitter account Wall Street Silver (WSS) shared a video of economist Peter St. Onge explaining that a significant amount of bank deposits are moving to money market accounts. WSS tweeté, “Trillions of dollars are draining out of the banks… into money market funds. That weakens the banks. Fear that the banks are at risk is driving this trend and thus making the banks even weaker.” The economist’s video statement and WSS’s tweet sparked a response from Twitter’s owner, Elon Musk. The Tesla executive averti:
This trend will accelerate.
This is not the first time Musk has cautioned the public about the U.S. banking system, as he has criticized the U.S. Federal Reserve on several occasions. In November 2022, Musk averti que les États-Unis. would see a severe recession and urged the Fed to slash the federal funds rate. In December 2022, the owner of Twitter mentionné that a recession would amplify if the Fed raised the interest rate and the central bank increased the rate. Musk also insisted in December that the Fed’s rapid rate hikes would go down in history as one of the “most damaging ever.” After the three major U.S. banks failed in March, Musk lambasted the Fed’s data latency and called for an immediate drop in interest rates.
What do you think the long-term effects of the recent bank collapses and decrease in lending will be on the U.S. économie? What do you think about Elon Musk’s warning? Share your thoughts about this subject in the comments section below.
Crédits image: Shutterstock, Pixabay, Wiki Commons, Bloomberg Chart,
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