As they raise interest rates at the fastest pace in history.
Then they wonder why it all broke.
— The Kobeissi Letter (@KobeissiLetter) May 8, 2023
Can anyone say credit crunch? 😂 pic.twitter.com/IjHT1zVSEo
— Nikolay Kolarov, CFA (@libertniko) May 8, 2023
Investors are warning of growing issues in the $5.6 trillion US commercial property market. “The private market hasn’t started to heavily mark down real estate:” Apollo co-head Kleinman. “The equity will be first. That’s the next shoe to drop in the US." https://t.co/YrwW4UIk3X
— Lisa Abramowicz (@lisaabramowicz1) May 9, 2023
Banks are offering 0.1% returns.
Money Market accounts are at 4%.
This isn't really complicated why banks are losing deposits. They need to raise their rates on what they pay depositors. FDIC limits are only part of the issue. pic.twitter.com/rHnVi9pFuX
— Wall Street Mav (@WallStreetMav) May 8, 2023
# of banks by country.
Surely the US bank crisis is over pic.twitter.com/nxkG7SIBML
— zerohedge (@zerohedge) May 8, 2023
Investors will likely seek shelter in gold to hedge against a “catastrophic scenario,” JPMorgan, $JPM, has said.
— unusual_whales (@unusual_whales) May 8, 2023