Banks are trying to rally, but they can’t get off the mat. Meanwhile, there is zero fear in this market of a continuing bank run. It appears that bears went ALL IN back in December and now they’ve decided the market is going higher

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by BoatSurfer600 The Nasdaq has been in a death cross for the longest period of time since 2008. Which means that the 50 day moving average is below the 200 day moving average. Given that bulls STILL haven’t capitulated, it’s extremely likely this death cross will last far longer than the last one Since the … Read more

How Silicon Valley Bank’s CEO Got Rich: A $209 Billion DISASTER

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NEW: CEO Greg Becker built Silicon Valley Bank into a $209 billion behemoth by courting the tech elite and lobbying for deregulation. But the same strategy that allowed the bank to grow rapidly also caused it to collapse. We dug into it with @ZachDCarter and @BigBlackJacobin. pic.twitter.com/LQZKWYUMuV — More Perfect Union (@MorePerfectUS) March 28, 2023

Maybe we need to replace the clueless Fed & captured/complicit regulators with Brazilian interns …

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by BoatSurfer600 (Bloomberg) — Billionaire Andre Esteves, the co-founder and chairman of Brazil’s Banco BTG Pactual SA, said that “any junior analyst” from Latin America would have known how to manage the interest rate risk on Silicon Valley Bank’s balance sheet to avoid its collapse. Esteves, speaking at a BTG event in Santiago, Chile, said … Read more

Dedollarization of the world economy continues and Janet Yellen and the clowns in Washington DC are asleep

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Dedollarization of the world economy continues – China for the first time purchased liquefied natural gas for the yuan, 65 thousand tons of LNG were purchased from the UAE. And as ordered: for the first time in its history, the US Federal Reserve suffered an operating loss. 🇨🇳 Dedollarization of the world economy continues – … Read more

Reparations for Black Californians could top $800 billion (latest from #ClownWorld – where is this $800 billion supposed to come from?)

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SAN FRANCISCO (AP) — It could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations. The preliminary estimate is more than 2.5 times California’s $300 billion annual budget, and does not include a recommended $1 million per … Read more

Wayne State English Professor Says it is “ Admirable” to Murder Speakers That Offend

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Two thoughtful articles on the madness infecting our society and the meekness and equivocation of civil society defenders ( such as university presidents) to confront it Wayne State Professor Volunteers as First Amendment Tribute https://popehat.substack.com/p/wayne-state-professor-steven-shaviro “Although I do not advocate violating federal and state criminal codes, I think it is far more admirable to kill … Read more

Bank Of Canada preparing for a bank run?

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Bank of Canada ‘ready to act’ in event of extreme market stress OTTAWA, March 29 (Reuters) – The Bank of Canada on Wednesday said it was ready to step in with support if the banking system came under severe strain, but would only offer extraordinary liquidity in extreme cases while at the same time seeking … Read more

Hillary Clinton leaked emails reason to get rid of Gadaffi

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#1 Hillary Clinton's leaked emails revealed that NATO's goal in destroying Libya was to stop Gaddafi from uniting Africa and launching the African Golden Dinar. "When Gadaffi said… this is our continent, our banks, our currency. We seek independence. This was the last straw." pic.twitter.com/LJlqpdGcgM — KanekoaTheGreat (@KanekoaTheGreat) March 29, 2023 #2 Here's what an … Read more

Kroger Hit By A Flood Of Store Closures As A Nightmarish Scenario For Retail Bankruptcies Begins

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Now one of the most famous grocery chains in the U.S. is getting hit by a massive wave of store closings as a nightmarish scenario for retail bankruptcies starts to unfold. Earlier this month, a spokesperson confirmed that Kroger is shuttering multiple stores, and by early 2024 over 400 locations could go dark permanently. Thousands … Read more

Saudi Arabia Partners With China to Build Large Oil Refinery

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Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion). pic.twitter.com/ZCT0WiEqu0 — Watcher.Guru (@WatcherGuru) March 29, 2023 Combined with the story below… DOOM ON! First CNN does a segment on de-dollarization, now Fox News also. What is going on here? 🔊 pic.twitter.com/uBocFnLIMJ — Wall Street Mav (@WallStreetMav) March … Read more

Record breaking cold in San Fran. Coldest in a century!

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Take that global warming snowballers. The snow many parts of the Bay Area saw this week did not make it onto the streets of San Francisco, but the cold weather made a historic impact on the city. San Francisco on Friday recorded its coldest day in more than 100 years. https://www.nbcbayarea.com/news/local/san-francisco-cold-record/3165929/   AC

1000 Tech Leaders Call A HALT on AI Development, Sign Letter – “It’s a dangerous race that no one can predict or control”!!

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'It's a dangerous race that no one can predict or control': Elon Musk, Apple co-founder Steve Wozniak and 1,000 other tech leaders call for pause on AI development which poses a 'profound risk to society and humanity'https://t.co/aO1e4zfAWZ via @MailOnline — Frankie Crisostomo (@FrancCrist) March 29, 2023 UNPRECEDENTED. Elon Musk and 1,000 other technology leaders including … Read more

Joe Rogan on Biden: “How About the Fact that the Guy Who’s the President Right Now Can’t Form a F*cking Sentence” (VIDEO)

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Joe Rogan commented on one the greatest media scandals of our time – which is saying a lot. On Tuesday’s show, Rogan pointed out the absolute lies of the media by omission including the fact that Joe Biden “cannot form a f*cking sentence.” The fake news media thinks the American people don’t notice these things. … Read more

Schwab is defaulting cash positions to Bank Sweep (0.45% interest rate) as opposed to Money Market Funds (4.8%).

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by Harbinger2nd As the title states, Schwab is pulling some pretty shady stuff right now. I decided to log into my Schwab account to check out my cash position and the interest rate accrued from being held in a MMF (Money Market Fund). According to Schwab’s own disclosure which you can find here View post on imgur.com … Read more

Do you really want a pivot?

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Do you really want a pivot? 🤔 pic.twitter.com/Oi1B4qP2sO — Win Smart, CFA (@WinfieldSmart) March 29, 2023 Whoa. Pending Home Sales down 20%+ on a y/y basis for a record 9 straight months. https://t.co/Nn52tVjne0 pic.twitter.com/PI0tC7Hjyh — Bespoke (@bespokeinvest) March 29, 2023 Has the bubble burst? 💥 Ht u/haywarducuddleme pic.twitter.com/Jfz56I8JMA — Wall Street Mav (@WallStreetMav) March 29, … Read more