Month: March 2023

Financial world legend sounds alarm over ‘biggest bank that’s going down.’ “The biggest bank that’s going to go down is Bank of Japan.”

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Bank of #Japan raises maximum amount of #bond purchases for next quarter https://t.co/ezHtR92GbW — GoldBroker (@Goldbroker_com) March 31, 2023 via Foxnews: In the aftermath of the Silicon Valley Bank collapse, finance expert Robert Kiyosaki cautioned the central bank of a global powerhouse may be the next to belly up. “The biggest bank that’s going to go … Read more

Adam Taggart: ‘So if a crisis bad enough to force a pivot is near, why are markets rallying?’

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HONEST QUESTION: Many expect the Fed's interest rate hikes to "break something important", forcing a policy pivot The market expects the Fed to pivot by June, cutting rates thru the year (see chart) So if a crisis bad enough to force a pivot is near, why are markets rallying? pic.twitter.com/l6WlcMAJmq — Adam Taggart (@adamtaggart) March … Read more

“No REALLY, we’re doing fine” ~ every bank right now

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by JPowsSecretlover Bank Turmoil Could Spread To Real Economy, Squeezing Credit Supply, Experts Warn Although the immediate threat of broader financial contagion seems to have abated following confidence-building emergency measures taken in the wake of the collapse of Silicon Valley Bank (SVB), experts are now warning of spillovers into the real economy in the form … Read more

Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. Citigroup analysts are already donwgrading earnings estimates, so they can beat them.

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Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. After reaching over 90% of yield curve inversions in the US Treasury market, the risk of a full-blown economic recession remains significant for… pic.twitter.com/jML58pdg6B — Otavio (Tavi) Costa (@TaviCosta) March 31, 2023 Citigroup analysts are already donwgrading earnings estimates, … Read more

EV Manufacturer Announces Layoffs to Nearly 20% of Work Force After Struggling to Create Demand

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One luxury electric vehicle manufacturer is laying off workers after overestimating demand for its products. Bay Area-based electric vehicle startup Lucid Group announced that it was laying off 1,300 workers in a Tuesday filing, according to SFGATE. Lucid CEO and CTO Peter Rawlinson indicated that the firings would affect every level of the company in … Read more

Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!

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Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!#Recession pic.twitter.com/xRLVeSYACQ — Lee Golden (@LeeGolden6) March 31, 2023 German retail sales have been -ve since the war Since it's plagued by negative real wages, it's highly unlikely that the retail sales will enter positive territory anytime soon. Inflation is a double … Read more

‘The next six months will be tumultuous. The market will soon become bidless, and those who were chasing the “blow-off” will soon be clamoring to sell at any cost.’

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https://twitter.com/MFHoz/status/1641495099073781776 For bulls who are tempted to buy bank stocks right now, I refer you to the chart below. Because this is the fate I predict awaits every bank that requires government bailout. There's no such thing as a "systemically important shareholder". pic.twitter.com/mzQgYCjdls — Mac10 (@SuburbanDrone) March 30, 2023 Fittingly, in a denialistic Idiocracy, the … Read more

These Economic Numbers Are Staggering

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by Michael If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat.  Needless to say, the cost of living has become extremely oppressive, and that has put a tremendous amount of financial stress on U.S. families.  Unfortunately, the Federal … Read more