Too Much Fed Liquidity Has Led to a Whack-A-Mole World of Problems, Hussman: FT

SVB’s implosion highlights the destabilising impact of quantitative easing. At the end of 2022, the US banking system had $18tn in domestic deposits, including an estimated $10tn of deposits insured by the Federal Deposit Insurance Corporation. That meant there were $8tn of deposits that exceeded the FDIC insurance limit.