[AnimalMuppet]

I second that this is not like 2008. 2008 felt like the end of the world; this feels like more banks are failing than in a normal recession, but nothing like 2008 - at least so far.

> In this case I think the risk is more towards high inflation - for example, if enough banks were to fail (hypothetically - I doubt this will happen) and bunch of money essentially has to be printed up to make everyone whole, that's going to devalue money hence more inflation.

I disagree on this point. Why do you have to print money to make everybody whole? Because a bunch of money disappeared when the bank went down. You're printing a bunch of money to try to get to net zero. That's not inflationary. In the same way, the Fed's moves in 2008 to create $4 trillion were to replace the $4 trillion that vaporized in the crash, and were not inflationary. (And before anybody raises the point, no, inflation showing up a decade later does not mean that the Fed's actions in 2008 were inflationary.)