sticky

via geofinancialnews: The probability model for a recession from the Federal Reserve has been steadily increasing and has now reached its highest point since 1982. The National Bureau of Economic Research (NBER) is known for its slow process of identifying business cycle changes, often lagging behind by months as they consider various data series and … Read more

This has got to be the best troll ever! he’s wearing lipstick and a wig so he’s all in on it. GOP councilman announces he identifies as lesbian ‘woman of color,’ angering LGBT activists … The councilman told the news station that his family had been “receiving violent threats throughout the day from intolerant liberals … Read more

by confoundedinterest17 Crisis? What crisis? First, First Republic bank is most likely headed for FDIC receivership, sources say; shares drop 40%. Second, we have the US yield curve (3M T-yield – 18M FWD 3M T-yield) crashing to the most inverted since the 1990s. Third, we have US bank lending crashing. Fourth, we have a shrinking middle … Read more

by BoatSurfer600 R.I.P First Republic Bank. FRC, which boosted assets of more than $212 billion on 31st December 2022, will be taken over by the FDIC as the rescue hopes falter. We are witnessing a crisis due to banks’ failure to manage interest rate risk. Many more failures are yet to come Big banks including … Read more

by Charles Hugh-Smith When we lose small businesses, we lose More than tax revenues. Small businesses receive plenty of lip service but very little appreciation–until they’re gone. By then it’s too late to do anything but mutter, “you don’t know what you’ve got until it’s gone.” Small businesses aren’t just sources of tax revenues, they’re sources of … Read more