Comment on How likely do you think there will be a run on the banks?
goofus@lemmy.today 6 days ago
- Tariff-taxes increase inflation.
- Declining supply of cheap foreign goods cause consumer price index increases.
- Federal Reserve Board increases federal fund rate to try to decrease inflation.
- Stock market bubble collapses.
- Real estate market declines as owners try to get out of “investment property”.
- Banks start foreclosure on many no-pay mortgages.
- Without mortgage payments coming in, banks become insolvent.
- A few weak banks go bankrupt, leading to a massive run on all banks. …
- Profit.