How’s your bank?
I keep seeing economists and politicians saying that the worst is past, the economy is stabilized, and best of all, we’re not even in a recession!
Then I run across something like this comment from the FDIC:
Sheila Bair, chairwoman of the Federal Deposit Insurance Corporation, said it was likely loan-loss provisions and bank failures would rise in coming quarters as the fallout from market turmoil hits the real economy.
So which is it? And when they talk about “the real economy,” what do they mean?
Wait… maybe it’s the pretend economy that they’re talking about not being in recession. Unicorn profits are skyrocketing, and dragons are at an all time low.
Now if you’ll excuse me, I’ve got to go check on my Vegetable Lamb of Tartary crop.
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