The Biden economy looks great!

by

Jeffrey Gundlach: Imminent recession UST yield curve now aggressively steepening after sustained inversion is highly suggestive of imminent recession. — Jeffrey Gundlach (@TruthGundlach) March 13, 2023 The Banking System is Safe and Effective.  

The “panic” around SVB is manufactured to get a bailout consensus. Don’t fall for the BS. Here’s what’s really going on.

by

There’s something very ugly happening right now: VCs & startup execs who stand to lose their deposits at SVB are going *out of their way* to push a narrative that there’ll be a bank run on Monday if SVB depositors aren’t bailed out by the government. They’re yelling fire in the… — Vivek Ramaswamy (@VivekGRamaswamy) … Read more

Dave Lauer on Twitter: Fed’s gonna cut rates now, everything has changed…. Hyperinflation, here we come!

by

by sped_izzo Federal Reserve Board announces it will make available additional funding to eligible depository institutions Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system With the fed now trying to prevent a “systematic failure” of the banks, they will be printing out even more money to … Read more

Trillions of dollars are about to flow from the Fed into the stock market. QE has returned, stronger than ever.

by

by quiethandle EDIT: The Fed will charge the 1 year overnight index swap rate plus 10 basis points for these loans. Sounds like right now that works out to roughly 5%, so this might be a high enough interest rate to deter banks from flooding the Fed with these long-term treasuries and effectively causing massive QE. … Read more

Let’s review the Federal Reserve Bank’s many roles, & how each of them enabled the SVB failure/malfeasance…

by

Let’s review the Federal Reserve Bank’s many roles, & how each of them enabled the SVB failure/malfeasance: (1) Santa Claus.By keeping interest rates artificially low, FED stimulated the economy, & nudged those with capital into the VC space creating demand for a bank like SVB. — Thomas Massie (@RepThomasMassie) March 12, 2023 (3) Firefighter.After setting … Read more

There we go: Biden Says He Will Seek Stronger Regulations for Banks

by

There we go:Biden Says He Will Seek Stronger Regulations for Banks https://t.co/iRcsawfB3N — jeroen blokland (@jsblokland) March 13, 2023 😂🤣 Nails it. pic.twitter.com/M4zfwc6izo — PiQ (@PiQMarkets) March 13, 2023 Wow … the Fed and the US Treasury just became the FDIC backing the entire banking system. pic.twitter.com/CiJ9Go20kh — Wall Street Mav (@WallStreetMav) March 13, 2023 … Read more

Massive swings in the treasuries market. 2Y 3 day swing largest since Black Monday of 1987. high yield credit spreads are widening rapidly right now.

by

by laflammaster The two-year Treasury yield is on track for its biggest three-day decline since **October 1987**– according to Dow Jones Market Data pic.twitter.com/ST2VmbOp5K — Gunjan Banerji (@GunjanJS) March 13, 2023 The Fed pivot is back https://t.co/XFPXNhZL9E — Gunjan Banerji (@GunjanJS) March 13, 2023 If the CDX index is a guide, high yield credit spreads … Read more

Trading halted for multiple US banks stocks after opening bell

by

JUST IN – Trading halted for multiple U.S. bank stocks at market open. — Disclose.tv (@disclosetv) March 13, 2023 BREAKING – Trading at multiple banks halted after opening bell — Insider Paper (@TheInsiderPaper) March 13, 2023 https://twitter.com/_/status/1635278059485143041 UPDATES 🚨 First Republic Bank loses 65% as regional banks under stress https://t.co/zPuhfTwEa6 — Insider Paper (@TheInsiderPaper) March … Read more