from Patrick McKenzie | by Patrick McKenzie

I also feel this, and feel like we’re in that relatively brief period before Of Course Everyone Always Knew That…

“Can you make a concrete and falsifiable prediction?” I mean it is no longer a prediction at this point, but watch for rapidly evolving spin on sudden spate of rumored and then executed shotgun weddings of banks.

(For the benefit of international readers: “shotgun wedding” is an American expression for a compelled merger following realization that foreseeable consequences for past risk-on behavior are now unavoidable.)