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By Graham Summers, MBA Tech is finished. Ever since the Great Financial Crisis of 2008, the Fed has been primarily in an accommodative framework. For most of 2008-2023, interest rates were at ZERO or 0.25%. The below chart shows where rates were from 2007 until today. You’ll see that with the exception of 2017 to … Read more
By Brandon Smith There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the … Read more
via reason: Though Tuesday’s consumer price index report was in line with expectations, the Department of Labor’s data seemed once again to dash any hopes for a quick resolution to the inflation crisis that has strained Americans’ wallets for the past year. The annualized inflation rate for February fell slightly to 6 percent, but the … Read more
"The equity market is realizing what the bond market has realized for the last few days," says @elerianm. "It's not just one or two institutions. What we saw is exposing something much bigger that we have to reprice to — including that banking is changing." pic.twitter.com/AeprGVXjLA — Squawk Box (@SquawkCNBC) March 15, 2023
via dailycaller: Fox News contributor Leo Terrell criticized San Francisco on Wednesday over proposals to give black Americans reparations. The San Francisco Board of Supervisors moved Tuesday night to accept a draft reparations proposal that would allow black Americans who meet two of multiple requirements such as having been incarcerated in the “failed War on … Read more
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
