Trump Tariffs and Stagflation: Why TACO is the Least Bad Option
The first obvious step right now for fighting stagflation is for Trump to dump his tariff policies.
Seven banks were taken over by the FDIC on Thursday, six of them based in Illinois. A total of 52 banks have failed so far in 2009, an average of 2 each week.
Today's bank failures cost the FDIC over $300 million.
According to a report in February, up to 1,000 banks may fail in the next 3-5 years.