Breaking news, updates, and reports on current events.
That didn't age well AGAIN.😁#InverseCramer pic.twitter.com/C6gOV03QUw — Ken (@QuarkEntangled) March 15, 2023 25bps rate hike and it will buff right out *BANKS THAT ARE CREDIT SUISSE TRADE COUNTERPARTIES ACQUIRE CDS pic.twitter.com/tUvBZLaOgh — zerohedge (@zerohedge) March 15, 2023
by Dear-Ad-5972 The yield curve saw 7 out of 7 of the last recessions comming. At the moment we are deep in a negative yield curve. Look at 01.01.2007 in the chart. interest rates: 5.25% (on top, stop of raises) inflation: 2.1% low S&P 500: 1.400 points yield curve was going negative for the first … Read more
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R We have lost .70 in purchasing power since November (56.8), February (56.1).
The yield for short duration 3 month US Treasury notes are higher than the 10 year yield, and are the highest they have been, meaning continued yield curve inversion. Yield curve inversion is touted as a preceding indicator for economic recession. h/t laflammaster
https://twitter.com/_/status/1635929788727664640 https://twitter.com/_/status/1635930219461726212 https://twitter.com/_/status/1635961401670770690 WHITE HOUSE'S KIRBY: U.S. DRONE HAS NOT BEEN RECOVERED IN BLACK SEA -CNN INTERVIEW — alfred (@macronewswire) March 15, 2023 h/t DOORBERT
“According to the latest reports, S&P has downgraded First Republic Bank’s rating to “junk.” S&P analysts Nicholas Wetzel and Rian Pressman wrote: “The bank’s business position will suffer after the volatile swings in its stock price and heightened media attention surrounding deposit volatility. Its business stability has weakened as market perceptions of its creditworthiness have … Read more
Libidos ran free in this lockup. Eighteen female guards and staffers were either fired or resigned from a cushy UK male prison for engaging in hookups and other steamy sessions with inmates, according to UK reports. The illicit activities at HMP Berwyn, the UK’s largest male prison, date back to when the facility opened in … Read more
According to local sources, Iran has put its military forces on high alert. What is the reason for this is not specified. pic.twitter.com/RCK3LJeXGL — Open Source America (@USAopens) March 14, 2023 Iran will respond strongly to any plans to alter international borders, according to telegram channels associated with IRGC. The video appeared amid rumours that … Read more
No more money for Credit Suisse That's what Saudi National Bank Chairman Ammar Abdul Wahed Al Khudairy told @youseftv when asked about more assistance for the troubled lender https://t.co/GFLboCOwyj pic.twitter.com/iSjco40v8D — Bloomberg TV (@BloombergTV) March 15, 2023 BREAKING: "Absolutely" not another cent for Credit Suisse. That's what Saudi National Bank, the embattled lender's top shareholder, … Read more
Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’ In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the entire banking system to negative from stable. The firm, part of the big three rating services, said Monday it was making the move in light … Read more
via dailymail: A record-high number of New York Police Department officers resigned in the first two months of 2023, startling new data shows. According to a new report, resignations among officers jumped 117 percent in January and February, already surpassing more than 230 resignations. The new numbers are up significantly from the same time frame … Read more
View post on imgur.com https://openai.com/product/gpt-4 h/t dr0id
Trans activist tells kids on tiktok that puberty blockers are completely safe and reversible and just “pause” puberty. This is the type of content kids are being fed on tiktok. pic.twitter.com/6T4FyGgIev — Libs of TikTok (@libsoftiktok) March 13, 2023
via WOLF STREET: Let me just divert your attention for a moment from the collapse of SVB Financial and what it might and might not mean for the financial system or the startup bubble or whatever, to another troubling aspect of SVB Financial that shows that no one has learned anything since the Financial Crisis, least … Read more
By Matthew Piepenburg Kitco News Interviews Matthew Piepenburg – SVB Collapse: We ain’t seen nothing yet! Bank runs, Fed policy and Gold. On Wednesday, March 8, 2023, Silicon Valley Bank (SVB) announced a $ 1.8B loss from the sale of investment securities. Investors and depositors got spooked, withdrawing an estimated $42B+ in cash within … Read more
The Federal Home Loans Banks sold 90B in bonds and treasuries to raise liquidity for commercial banks. Banks flooded the Federal Home Loan Bank System with requests for up to $90 billion in billions in low-cost funding to shore up liquidity and avert a crisis due to a runoff of deposits. Demand for liquidity … Read more
JUST IN – Trading halted for French banking group BNP Paribas after the stock plunged 8%. — Disclose.tv (@disclosetv) March 15, 2023 European shares fell today as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell … Read more
