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 …

READ MORE

Housing Bubble is popping in Canada….

Housing Bubble is popping in Canada. Year-over-year, prices plunged by 18.5%, the largest drop in the data, according to the Canada Home Price Benchmark Index for single family houses 🚨 pic.twitter.com/EyPVup1vA6 — Wall Street Mav (@WallStreetMav) March 18, 2023

ULTIMATELY, THE CHINESE ARE PROBABLY BEHIND THIS: Joel Kotkin: The rich are eating themselves: The oligarchs are playing a dangerous game by pouring trillions into woke causes.

via spiked-online: The recent ‘Great Awokening’ of our elites reflects a long-standing shift among executives in terms of priorities and perspective. The capitalist class first arose out of the middle orders, and even from within the peasantry, as the industrial revolution, …

READ MORE

WSJ: Two Hundred Banks At Risk Of Bankruptcy

TWO HUNDRED BANKS AT RISK OF BANKRUPTCY- WSJ — The_Real_Fly (@The_Real_Fly) March 17, 2023 Source: WSJ Janet Yellen Just Poured Lighter Fluid on Every Small Bank in America What in the world was she thinking? When a bailout was hastily …

READ MORE

Yellen Casts Doubt of Covering All Depositors

by Martin Armstrong https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Yellen-Doubt-on-Deposits.mp4 We have a serious problem here. Depositors in a bank are NOT risking their money as an investor in a hedge fund. They expect honesty and stability. If the bank is trading and doubles its money, it belongs …

READ MORE