by Michael We haven’t seen a tsunami of layoffs like this since the Great Recession. According to Challenger, Gray & Christmas, the number of job cuts announced in January and February was 427 percent higher than during the same period in 2022. Unfortunately, the mass layoffs have just continued to roll on here in March. If corporate … Read more
by Michael Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are truly “safe” at … Read more
Clouds of toxic chlorine gas were released into a public swimming pool in a “deliberate attack” that has left 25 people poisoned. That figure of poisoned individuals tragically includes nine nursery school children, who were present in the pool on a swimming lesson at the Monti Lessini Sports Centre in Italy. Emergency services including firefighters, … Read more
by BoatSurfer600 S&P has broken the downtrend. It'll be interesting to see what happens with VIX now. Wells Fargo not looking very healthy. pic.twitter.com/KyCuo4BYmd — Financelot (@FinanceLancelot) March 20, 2023 If M2 growth was the reason for inflation, should M2 destruction not lead to no-flation or deflation? Monetary policy is now too tight and that … Read more
https://twitter.com/betterworld_24/status/1637947280316612609?ref_src=twsrc%5Etfw
Source: https://t.co/FT0OJyWQ9i — Inconvenient Truths by Jennifer Zeng (@jenniferzeng97) March 19, 2023
by Dismal-Jellyfish This is starting to come up in corporate media and expect it to make its way here next as more folks are digging into: https://www.barrons.com/articles/credit-suisse-s-coco-bonds-how-17-bn-disappeared-6283ee5f https://www.reuters.com/markets/rates-bonds/redemption-delay-fears-send-yields-european-banks-coco-bonds-spiking-2023-03-17/ https://www.marketwatch.com/story/the-275-billion-bank-convertible-bond-market-thrown-into-turmoil-after-credit-suisses-securities-wiped-out-3cf8e295 https://www.ft.com/content/b5cd8ff0-4c0e-418c-8e4b-dda1d00fa5a7 https://www.washingtonpost.com/business/2023/03/20/why-credit-suisse-coco-bonds-are-causing-anxiety-quicktake/b50cd2a4-c729-11ed-9cc5-a58a4f6d84cd_story.html https://www.marketwatch.com/story/what-are-cocos-and-why-are-credit-suisses-now-worth-zero-634a65e5 https://www.wsj.com/articles/credit-suisse-bond-wipeout-threatens-250-billion-market-10be7d04 Contingent Convertible Capital Instruments (CoCos) AKA Additional Tier 1 (AT1) bonds a $250-$275 billion dollar market thrown into turmoil by Credit Suisse: First, … Read more
Fox News Channel’s Tucker Carlson recently talked about what he learned during his career in media during an appearance on the “Full Send” podcast, lighting into his corporate media colleagues (and former self) for lying at the behest of the establishment and expressing regret over his past defense of the Iraq War. Jimmy and Americans’ … Read more
Artificial intelligence has developed a treatment for cancer in just 30 days and can predict a patient’s survival rate. In a new study published in the journal Chemical Science, researchers at the University of Toronto along with Insilico Medicine developed a potential treatment for hepatocellular carcinoma (HCC) with an AI drug discovery platform called Pharma.AI. … Read more
I have never seen Biden this scared: Joe Biden gets terrified when he hears the report of $1 million plus payment from Chinese energy company. The reverse walk tells it all. pic.twitter.com/S68kKTSHTO — Dom Lucre | Breaker of Narratives (@dom_lucre) March 19, 2023 AC
Mayor Frank Hibbard resigns over plans for the new city hall, a $90 million project that is already $30 million over budget. Hibbard is the only one in the room against the project. basically he doesn’t want to work with idiots WATCH: Clearwater Mayor Frank Hibbard suddenly resigns and walks out of work session, leaving … Read more
Macron’s stormtroopers are acting extremely aggressively. At one moment, 10 police officers simultaneously went after people with pepper spray. A scene that could have come from an apocalyptic thriller. 🔴 ALERTE – Tensions en cours à #Paris : violente charge des CRS. Plusieurs journalistes au sol. #Acte5 #ReformeRetraites #MotionDeCensure pic.twitter.com/JJ6fWLqw4B — Clément Lanot (@ClementLanot) March … Read more
Via Financial Times Credit Suisse has told staff that it will continue to hand out bonuses and pay rises as planned this year, despite the bank having to be rescued by UBS in a SFr3bn ($3.25bn) deal over the weekend. Shortly after the Swiss lender was saved from bankruptcy on Sunday night, chair Axel Lehmann and … Read more
by Infamous_Sympathy_91 The pivot is generally the precursor to the crash.
by polloponzi The Fed’s actions this week are unprecedented and reveal their true intentions. They are not interested in maintaining a healthy economy, but rather propping up the stock market and benefiting the wealthy at the expense of everyone else. This is just another example of how the rich get richer while everyone else gets … Read more
It doesn't matter if it's President Trump or a Democrat. Our justice system should not be used to target political opponents. Period. pic.twitter.com/UQM6aWNDOY — Kevin McCarthy (@SpeakerMcCarthy) March 20, 2023
Would you believe that Google’s mass firings from January are still going on? Google’s reported mishandling of its biggest round of layoffs ever has employees up in arms, and they’re doing everything from walking out on the job to sending angry letters to management. First up, European Googlers are just now being laid off due to the … Read more
by Simon Black This isn’t over yet. Last week after Silicon Valley Bank went poof in a matter of hours, I wrote that this financial catastrophe is just getting started: “Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. . .” Within days, several other banks were on the verge of … Read more
First Republic Bank – May not survive by this Friday. Powell keep on increasing rates. by u/No_Flatworm8955 in wallstreetbets BANKruptcy Bingo card updated … pic.twitter.com/UMTvg5dBv4 — Wall Street Mav (@WallStreetMav) March 20, 2023 ANOTHER ONE THIS WAS LIKE 15 SECONDS $FRC pic.twitter.com/rCFoIljX2a — GURGAVIN (@gurgavin) March 20, 2023 ‘Dr. Doom’ economist Nouriel Roubini says the … Read more
NATO to accelerate deployment of up to 300,000 soldiers on eastern border https://t.co/w1FnGcpW4b — EndGameWW3 🇺🇸 (@EndGameWW3) March 20, 2023 In the coming months, NATO will accelerate efforts to stockpile equipment along the alliance’s eastern edge and designate tens of thousands of forces that can rush to allies’ aid on short notice – Politico https://t.co/OK8dv9xunP … Read more
https://www.wsj.com/articles/jamie-dimon-leading-efforts-to-craft-new-first-republic-rescue-plan-a39b9bb “Big-bank CEOs are discussing a capital infusion in troubled lender that could boost confidence in financial system…The discussions, while preliminary, have focused on how the industry could arrange for an investment that would boost the bank’s capital, according to people familiar with the matter.”
