Why The Banking Crisis Is “The Edge Of The Edge”

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via hussmanfunds: Don’t hassle me about the crumbs, man. I’m on the edge of the edge. – Christopher Walken, Envy The simplest thing that can be said about current financial market and banking conditions is this: the unwinding of this Fed-induced, yield-seeking speculative bubble is proceeding as one would expect, and it’s not over by a … Read more

People evacuated new One Vanderbilt building after reports of shaking

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🚨#BREAKING: People evacuated new One Vanderbilt building after reports of shaking 📌#Manhattan | #Newyork⁰Currently multiple people are being evacuated at the One Vanderbilt building in New York City after reports of strong shaking from the building the exact cause is… pic.twitter.com/mFi8ZfSXpV — R A W S A L E R T S (@rawsalerts) March 21, … Read more

CNN is disappointed there’s no violence…

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Washington CNN — Federal officials, including those at the FBI and Department of Homeland Security, are monitoring what they say has been an uptick in violent rhetoric online including calls for “civil war” since former President Donald Trump asked supporters to “protest” what he said was his impending arrest. But the online chatter has been … Read more

Hope for Commiefornia? School District to Hire an Anti-CRT Consultant Approved by Newly Elected Conservative Board

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A newly elected majority-conservative school board in California recently approved a resolution to hire an anti-critical race theory consultant. On March 13, in a 3-2 decision, Temecula Valley Unified School District voted to allocate $15,000 to anti-CRT initiatives, including hiring a consultant to hold “discussion groups” at an after-school board workshop. The discussions would cover the … Read more

From Convenience to Energy Efficiency Learn 8 Advantages of Investing in Smart Homes

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Smart homes, once a futuristic concept, have become a reality in recent years. With the advancement of technology, smart homes have become more accessible and affordable. A smart home is a home equipped with devices and systems that can be controlled remotely, automated, and work together seamlessly. It is a futuristic way of living that … Read more

Stanford business study shows bank values are actually $2trillion lower than book value

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Study talks about the banking industry and how the losses in longer maturity securities could increase the fragility of the banks if uninsured depositors run from the banks. via gsb.stanford.edu: We analyze U.S. banks’ asset exposure to a recent rise in the interest rates with implications for financial stability. The U.S. banking system’s market value of … Read more

Saudi Arabia Lost $1 Billion or 80% on its Credit Suisse Investment

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https://www.cnbc.com/2023/03/20/saudi-national-bank-loses-over-1-billion-on-credit-suisse-investment.html The Saudi National Bank confirmed to CNBC on Monday that it had been hit with a loss of around 80% on its investment in Credit Suisse. ” Saudi National Bank Chairman Ammar Al Khudairy on Wednesday was asked by Bloomberg if it would increase its stake in the troubled Swiss lender. His reply was “absolutely … Read more

Literally 20+ media taking images of two people

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Massive anti-Trump protest erupts in New York City – video Over 8 million people live in New York city and exactly TWO of them came out to protest against Trump while 20 or so members of the MSM filmed it.The media is a lie. pic.twitter.com/pxP9a4xhEX — Brick Suit (@Brick_Suit) March 21, 2023 h/t Jack Eye

The Gov and Fed created a ticking time bomb

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by Ok_Good_4099 Mark to market for bonds is what got us into this current mess. These bonds were purchased at extremely low rates from all of the money that flowed into the banks in 2020, almost 3 trillion in new deposits. Deposits, All Commercial Banks (DPSACBW027SBOG) | FRED | St. Louis Fed (stlouisfed.org) Mark to market … Read more

US Existing Home Sales Plunge -22.64% YoY In February As Fed Withdraw … For The Moment (Median Prices Decline -0.2% YoY)

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by confoundedinterest17 I have good news bad news for you. The good news? US existing home sales SOARED in February. Up 14.5% MoM in February to 4.58 million units SAAR sold. The bad news? On a year-over-year basis, existing home sales plunged -22.64%. And the median price of existing home sales declined slightly to -0.2% … Read more

‘Already past the point of no return’: JPMorgan says the U.S. is probably headed for a recession as economic ‘engines are about to turn off’

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A series of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks, including JPMorgan Chase, to rewrite their recession forecasts from scratch, as months of small victories against inflation and a relatively strong economy were potentially swept away in under two weeks. Even if the government and the private sector are able to successfully contain contagion from … Read more

Too much authority has been ceded…

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I long for the old days when multi-billion dollar bank bailouts required a vote of elected officials. Seriously, do Americans realize Congress didn’t even vote on this? Too much authority has been ceded. At least Fed, FDIC, and Treasury gave us a courtesy Zoom call. 🤦‍♂️ — Thomas Massie (@RepThomasMassie) March 21, 2023 Remember, we … Read more

Investor Leon Cooperman says the US is going through a ‘textbook’ financial crisis and the S&P 500 won’t hit a new high for a long time.

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The US is going through a “textbook” financial crisis – and that means investors should expect sluggish returns for in the S&P 500 for a long time, according to billionaire investor Leon Cooperman. In an interview with Bloomberg on Monday, the Omega Advisors CEO pointed to recent market volatility stemming from the failure of Silicon … Read more

Treasury chief Janet Yellen makes horrific admission, says Biden regime picking, choosing which banks to save (and which ones to let fail)

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by: JD Heyes (Natural News) The Biden regime has gotten into the business of literally picking winners and losers regarding the burgeoning banking and financial industry crisis, leaving tens of millions of Americans wondering if their bank is going to be among those ‘chosen’ to be saved. “Treasury Secretary Janet Yellen admitted to the U.S. … Read more

Most of Quebec’s liquor stores are getting rid of their fridges

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The Crown corporation says it plans to remove the majority of refrigerators from stores across the province to reduce greenhouse gas emissions. Over the next 15 years, the 2,700 fridges in its fleet will drop to 918. 🤡🌎 pic.twitter.com/K2BEiFHQqp — Clown World ™ 🤡 (@ClownWorld) March 20, 2023 via montreal: The Société des alcools du Québec … Read more

Do Not Go Out to Protest if Orange Man Is Arrested

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by Chris Black The Orange Retard had every opportunity to treat his enemies with the needed amount of ruthlessness, but unfortunately for him, he’s always been an approval-seeking cowardly celebrity. He was more concerned with trying to win the approval of his enemies than with actually fighting them. Do not go out and “protest” or … Read more