Bank failures still dominate headlines as the number of
failing banks continues at an alarming pace in 2011. The
odds are that you’ve seen at least one bank failure in your
community since the financial crisis hit in 2008. Some economists
claim we’re in a recovery, yet hundreds of smaller financial
institutions still suffer from the debt crisis that began
a few years back.
This
article was syndicated by Elliott Wave International and
was originally published under the headline Money in the Bank: Does It Still Mean “Safe and Sound?”.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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