Month: October 2022

Lehman Debacle 2? Credit Suisse Market Turmoil Deepens After CEO Memo Backfires (Credit Suisse’s CDS Now Higher Than During 2008-2009 Financial Crisis)

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by confoundedinterest17 New CEO Koerner sought to reassure employees in Friday memo Shares fall to a fresh record low, gauge of credit risk rises It is like the Lehman Brothers debacle in 2008 all over again. (Bloomberg) — Credit Suisse Group AG was plunged into fresh market turmoil after Chief Executive Officer Ulrich Koerner’s attempts to reassure employees … Read more

Why are banks in trouble again?

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by Shaun Richards The weekend just gone was rife with rumours of banks being in trouble. Rumours are of course the staple of financial markets especially on Friday afternoons. But then we got this. ZURICH, Sept 30 (Reuters) – Credit Suisse (CSGN.S) has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen … Read more

Top Democrat Official: Parents Will Kill Kids If Schools Don’t Hide Kid’s Gender Identity From Parents

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The chairman of the New Hampshire Democratic Party claimed without evidence late last week that if public schools do not withhold information from parents about their children’s behavior in school as it relates to so-called “gender identity counseling” that some parents will beat their children to death. Raymond Buckley made the outlandish claim on social media Friday … Read more

The IRS and Another Multi-Billion-Dollar Mistake

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by Martin Armstrong The Internal Revenue Service (IRS) continually makes multi-billion-dollar mistakes. The agency “accidentally” sent $1.1 billion in advanced child tax credits to the wrong families. If a private citizen were to make a mistake on their personal taxes, they’d feel the repercussions – especially with Biden’s 87,000 newly appointed and armed agents. Now … Read more

Global Financial Storm Of Epic Proportions, Preserve Wealth With Gold & Silver Outside Of Risky Banking System

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by Egon von Greyerz of Gold Switzerland As the dark years are approaching, the world is now approaching survival mode. Admittedly, if you go to a high class restaurant in New York, London or Zurich,  there are no signs of misery but instead of incredible affluence. What is happening to middle America or England has not yet reached … Read more

Livin’ In Biden’s Paradise! Percentage Of NYSE Stocks Closing Above 200 Day Moving Average Collapses To 13.48% (Bollinger Band, Fibonacci, Elliott Wave, Ichimoku)

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by confoundedinterest17 My 401k is Livin’ in Biden’s Paradise. The percentage of NYSE stocks closing above the 200 day moving average has collapsed to 13.48% as The Fed tightens to fight Bidenflation. Bollinger Bands? The lower band is near breaking. Fibonacci retracement? NOT retracing. Elliott Wave? I feel like I am at the bottom at Nazare, … Read more