September Not So Cruel a Month After All

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Are you mad? Exhausted? We are. But we can’t let that paralyze us. One of our most important jobs as journalists right now is shining a light where powerful people want you to see only chaos and darkness. If you want that light to shine brightly, please support our fiercely independent journalism.

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Remember that business from yesterday about banking crises starting in September? Forget it. Apparently if you follow the right link, and then download and unzip the companion data file, it turns out that 22 out of 25 of the September crises were from 2008. So the whole thing is a ridiculous nothingburger. Thanks to Joshua Hedlund for figuring this out, and a big raspberry to Luc Laeven and Fabián Valencia for getting us all worked up about this.