The banking crisis: is there one? For the past three days, I’ve been trying to get my hands around this supposed “banking crisis,” particularly in Europe.
I get why there is concern in Europe, but I don’t at all get the selloff in U.S. banks.
You didn’t know there was a banking crisis? Everyone seems to think there is some kind of crisis because the stocks—particularly the European bank stocks—seem to be telling us something is wrong:
