The 2023 banking crisis (after Silicon Valley Bank's failure) will be worse than the 2008 financial crisis.
Inaccurate ●●●●●
“One reason we had the 2008 financial crisis was too much government regulation. That's why this crisis will be worse.”
- Said on
- 17 March 2023 · Series of tweets during the week of the Silicon Valley Bank failure (article published Mar 18, 2023; exact day not stated). No window given; "this crisis" read as about two years (to end-2024).
- Source
- Economist Peter Schiff Expects Worse Financial Crisis Than 2008 — Says 'Future Rate Hikes Are Now Pointless' · Bitcoin.com News
- Should come true
- 2024
- How sure they sounded
- will be worse
- Categories
- BankingEconomy
- Importance
- 4 of 5 · A financial crisis worse than 2008 would have major global consequences.
Outcome
Inaccurate
The 2023 stress stayed far smaller than 2008. The FDIC list shows 5 bank failures in 2023 and 2 in 2024, against hundreds in 2008-2010, and there was no US recession or global financial collapse (NBER). Large regional banks failed, but nothing close to a crisis worse than 2008 developed.
- https://www.fdic.gov/bank-failures/failed-bank-list
- https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
History
- 2026-10-17 00:05:33 · created by claude
- 2026-10-17 00:05:33 · categorized by claude
- 2026-10-17 00:06:42 · scored by claude
- 2026-10-17 00:07:01 · categorized by claude