There’s no doubt that 2023 was a turbulent year, financially. Inflation’s decline was sluggish at best, the Federal Reserve’s reluctance to cut interest rates kept Wall Street on edge, and a banking crisis erupted last March—one that threatened to trigger a much more systemic fallout. Bank failures happen every year. These collapses seem to come out of nowhere if only because mainstream media doesn’t always shine the spotlight on the conditions leading up to these bank failures. What are the chances we’re going to experience more bank failures this year? And if we do, what’s the likelihood that this time, it will trigger a full-blown banking crisis?
