Suffice to say, it's rather odd that the only 2 years since the Great Depression that there have been zero US Banks fail were 2005 and 2006. This reality is the birthchild of the Greenspan/Bernanke easy money years.

Unfortunately, time on this strategy may be running out. Access to capital continues to tighten and Cost of Capital continues to increase.

This is the cycle, and its global this time, indeed.
KM