Strange Days! US Mortgage Rate Falls To 6.97% As Banking Crisis Persists (Yellen, Bank Consolidations, Bailouts And The Return Of QE)

by confoundedinterest17 Strange days, indeed. Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen …

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FedNow launches in July 2023

via YAHOO: The Federal Reserve said Wednesday it will launch its long-awaited instant payment service FedNow in July. The instant payment network will settle payments in seconds, with the capability to support consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions. “With the …

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Youtube just demonetized an objective and fact-based interview between three human beings with 1st amendment rights over a scientifically-conducted public opinion poll.

UPDATE: Youtube just demonetized an objective and fact-based interview between three human beings with 1st amendment rights over a scientifically-conducted public opinion poll. Thanks to @elonmusk for the continued 1st amendment protection.@KariLake https://t.co/WwJv299fTI — Rasmussen Reports (@Rasmussen_Poll) March 18, 2023 …

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Bank Failures 2001-2023 (Inflation Adjusted)

Live version allows you to hover over the nodes to see the names of the banks which are too small to have labels. Colour represents the year. Online Editor (Inflation Adjusted) Sources: https://www.fdic.gov/ https://www.rateinflation.com/consumer-price-index/usa-historical-cpi/ h/t  dbacciPBI

DEAR WOKESTERS, YOU NAMED YOURSELF

via commentary: In 2014, after the fatal police shooting of Michael Brown in Ferguson, Missouri, the #staywoke hashtag became a digital rallying cry around Black Lives Matter activism. Then, in the Trump years, progressives freed the slogan from its BLM context …

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WHY DID NOBODY LISTEN? For nearly 2 months, a short seller was warning on Twitter that Silicon Valley Bank was about to blow up. ‘It was sitting there in plain sight.’

via fortune: The tweets started on Jan. 18, the day before SVB reported earnings, when Martin’s account posted a prescient thread that began: “Investors have rightfully been fixated on $SIVB’s large exposure to the stressed venture world, with the stock down …

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