Things are looking better: no bank collapsed over the weekend,

 SVB has a new owner, and even Deutsche Bank shares are trading higher.

Or maybe not. There’s still the issue of commercial property, which accounts for 40% of all loans made by banks outside the top 25 by assets, according to Capital Economics.

Student loan payments will have to resume by the end of August, or possibly earlier depending on a Supreme Court decision, meaning 45 million people will have to start paying loans again.

Granted, pandemic savings have acted as a buffer for inflation. But roughly half of that is now gone, and those savings were concentrated in wealthier households anyway

MarketWatch 27 March 2023


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