The post Breaking News: Second Wave of Banking Crisis Looms, Experts Warn appeared first on Coinpedia Fintech News
Economic experts are sounding the alarm about a potential second wave of banking failures that could have a devastating impact on the global economy. One prominent expert, George Gammon, in his recent Youtube video update, has shared some key indicators that point to this looming crisis.
The surge in Borrowing from FHLB and BTFP
The analyst finds it amusing that Banks in trouble often need quick access to funds. While, initially, they prefer to borrow from other banks or the FHLB, these options can be expensive and come with strict conditions. Whereas the analyst notes that recent data shows a significant increase in borrowing from both the FHLB and the newly established BTFP. This suggests that more banks are experiencing financial difficulties and are seeking alternative sources of funding.
Discount Window, A Sign of Trouble?
The Federal Reserve has an emergency lend
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