A Coda on the Bank Failures
If you plot annual rate of bank failures vs time of year, it looks like we might hit 150 bank failures this year.
With 7 Fridays to go, they won't be doing a closing on Christmas, that's an 5 failures a week until the end of the year.
My guess would be somewhat less, in the 135-145 failures through the end of the year though.
Note that the data at the start of the year is of a smaller grouping, so inherently noisier.
The trend from June on seems to be clear: that bank failures, which were at around 1½ a week, began accelerating, and it now looks to be averaging around 3/week.
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