The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. さらに, イーロン・マスク, a Tesla executive and owner of Twitter, recently commented on trillions of dollars being withdrawn from banks into money market funds, and he insists that the “trend will accelerate.”
コンテンツ
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, Silvergate Bank, シリコンバレー銀行 (SVB), と Signature Bank (SBNY) closed down operations. Both SVB and SBNY were placed under government control. アメリカ. 連邦準備金, 財務省, and Federal Deposit Insurance Corporation (FDIC) bailed out SBNY and SVB’s uninsured depositors and made all depositors whole.
それ以来, the banking contagion has spread across the United States and internationally, with financial institutions like SVB UK と Credit Suisse faltering. According to a recent 報告 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, ほとんど $105 billion was erased.
Alexandre Tanzi from Bloomberg explains that loans consisted of industrial, commercial, and real estate loans. さらに, 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.
さらに, 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 つぶやいた, “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, イーロン・マスク. The Tesla executive 警告した:
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. 十一月に 2022, ムスク 警告した that the U.S. would see a severe recession and urged the Fed to slash the federal funds rate. 12月中 2022, the owner of Twitter 言った 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, ムスク 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. 経済? What do you think about Elon Musk’s warning? Share your thoughts about this subject in the comments section below.
画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ, Bloomberg Chart,
免責事項: この記事は情報提供のみを目的としています. 売買の申し出の直接的な申し出または勧誘ではありません, または製品の推奨または保証, サービス, または企業. Bitcoin-Tidings.com 投資を提供しない, 税, 法的, または会計アドバイス. 会社も著者も責任を負いません, 直接的または間接的に, コンテンツの使用または依存によって、またはそれに関連して引き起こされた、または引き起こされたと主張されている損害または損失について, この記事で言及されている商品またはサービス.
読んだ 免責事項