Professor Glenn A. Okun
Today, the FDIC issued a report echoing the Rabid Capitalist’s concerns regarding the banking sector. Inflation, higher interest rates, and geopolitical uncertainty continue to threaten banks. The FDIC also expressed concern about commercial real estate performance, particularly in office markets.
The list of those concerned, in chronological order of becoming concerned, are:
- The Rabid Capitalist (July 2023)
- Moody’s (August 2023)
- S & P (August 2023)
- FDIC (September 2023).
The Rabid Capitalist is thrilled to provide everyone with early warning but is terrified that the FDIC is the last to recognize the problem. After all, the FDIC must be vigilant in order to protect depositors and the credit markets. This does not inspire confidence.
The Rabid Capitalist 
Leave a comment