There’s not a lot of good news out there these days, but one bit of welcome news is the trend in bank failures. 2011 is showing a distinct improvement in the cumulative number and size of bank failures in the USA. The Economist says the size of the banks failing are half the amount of the average failure just last year at $430MM vs $867MM last year. Most importantly, maybe (just maybe) this is an excuse for Ben Bernanke to stop worrying so much about his slave masters at the big banks. But probably not.
Source: The Economist
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.