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Shocking data shows there is much more to the story than Credit Suisse or Deutsche Bank.

Eurodollar University

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The Procyclicality of the Banking System

Banks expect a deterioration and access to all funding sources in the first quarter of 2023. As banks began pulling back, last year during the fourth quarter, there's less for everything else. So maybe as the banking system de-risked, less than the bare sterns, but there was no failure last year. It wasn't about SVB, it wasn't about Credit Suisse, those were ahead of time. What was bothering the banking system last year couldn't have just been electricity prices,.

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