Experts Predict More Bank Runs, Will FED Hike Interest Rates?
Banking Crisis To Deepen? Larry McDonald, a prominent market researcher and the founder of The Bear Traps Report, has voiced his concern regarding the FDIC’s desire to allow JPMorgan to take over more than 10% of deposits made by US citizens. McDonald brings up the special exemption the banking giant acquired from the FDIC, which further proves the existence of inherent desperation as the buyout bids over the weekend turned out to be incredibly weak. An unfruitful bidding could have made FRC wind up in government receivership. advertisement Read More: LUNC Developer Teases AI App Chain “Block Entropy”, LUNC Price Eyeing $0.1? In addition, while discussing his perspectives on the upcoming FOMC meeting, McDonald expressed his suspicion that the Federal Reserve needs to “tone down” their rate hikes because anything on the hawkish side might result in an even greater degree of financial instability in the market. Recently, the banking r...
