Flyover Conservatives Economic Update.

Today, Dr. Kirk Elliott and the Flyover Conservatives dive into the topic of banking, particularly the recent failures and layoffs in the industry. They mention the collapse of Silicon Valley Bank and other big banks, speculating that it may only be the beginning of a wave of bank failures. They discuss how rising interest rates may not necessarily benefit banks, as many people are already financially strained and struggling to repay their debts. This has led to an increase in credit card defaults and missed car and home loan payments. They also highlight the closure of bank branches and layoffs as indicators of the industry's challenges.