Elon: “That’s what people who have the woke mind virus look like to me”

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A brilliantly gross image of a fly infected by the endoparasitoid fungus cordyceps. The fungus keeps the host alive as long as possible and directs the animal to climb to a prominent exposed perch where spores are released [📷 Faiz Bustamente: https://t.co/EDHxxrxHb5] pic.twitter.com/eI1ktjznpv — Massimo (@Rainmaker1973) March 27, 2023 That’s what people who have the … Read more

”The Fed’s loans to banks will only increase inflation further and they permanently ruined their balance sheet”

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by Ayy_boi3 No, and here’s why: The Fed Discount Window gives out loans to banks in need. Recently banks have taken out huge amounts of loans from here to prepare for any continuation in panic outflows that have arisen from the SVB and Signature Bank debacles. The amount of money banks take out as a … Read more

Bond Traders Go All-In on US Recession Bets…

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via YAHOO: Bond investors are piling into wagers that a US recession is around the corner amid a growing dissonance between how markets and the Federal Reserve see the outlook for the economy. “Inflation is still high, but the bond market is saying we are heading into a major slowdown,” said Kenneth Taubes, chief investment … Read more

Banking Crisis: US Banks Borrow $475B While Small Banks Lose Over $500B

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U.S. banks borrowed $475 billion last week, but look at the breakdown: – Large Banks: +$250B– Small Banks: +$250B– Foreign-Related Banks: +$25B Small banks borrowed the same amount as large banks. Relative to their size small banks borrowed TWICE as much as large banks. 2/7 pic.twitter.com/m3gfdwHs64 — The Kobeissi Letter (@KobeissiLetter) March 25, 2023 New … Read more

Credit spreads have room for increase

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High bond volatility amidst banking crisis suggests that corporate credit spreads remain too tight and may widen significantly in line with the MOVE Index movement. What are your thoughts on this? High #bond #volatility amidst banking crisis suggests that corporate #credit #spreads remain too tight and may widen significantly in line with the #MOVE Index … Read more

If you look at Deutsche Bank’s balance sheet things look pretty similar to Credit Suisse before failure

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by Pengufen Deutsche Bank balance sheet: https://investor-relations.db.com/files/documents/annual-reports/2023/Annual-Financial-Statements-of-Deutsche-Bank-AG-2022.pdf Credit Suisse balance sheet: https://www.credit-suisse.com/about-us/en/reports-research/annual-reports.html (2022 Consolidated financial statement) Most of their assets are illiquid and their reserve and cash on hand balance has shrunk by about 50% from a year ago. The same thing happened to credit suisse. They have about 69 billion euros on reserve and this month have to … Read more

Say hello to Humza Yousaf, Scotland’s new leader.

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Humza Yousaf announced as new Scottish National Party leader replacing Nicola Sturgeon https://news.sky.com/story/humza-yousaf-announced-as-new-scottish-national-party-leader-replacing-nicola-sturgeon-12843363 Say hello to Humza Yousaf, Scotland’s new leader. pic.twitter.com/xkssDerMho — Ian Miles (@ianmiles) March 27, 2023 First London, now Scotland. Farewell Scotland, you’re finished now. h/t A Deplorable Neanderthal

Multiple Agencies are responding to a Runaway train carrying 180 cars heading 80mph with no one on it

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🚨#BREAKING: Multiple Agencies are responding to a Runaway train carrying 180 cars heading 80mph with no one on it⁰⁰📌#Kelso | #California Currently, numerous law enforcement, Hazmat teams, and other agencies are responding to a Runaway train carrying 180 train cars heading… pic.twitter.com/J2vMtVTBqE — R A W S A L E R T S (@rawsalerts) March … Read more

Moody’s chief economist warns “things are going to start to break” across the financial system

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by: Ethan Huff (Natural News) The problems that currently plague banks and the financial system at large will continue for at least another year to a year and a half, warned Moody’s Analytics Chief Economic Mark Zandi, adding that “things are going to start to wobble and break” in the coming days. Banks are so overleveraged … Read more

CFTC Sues Binance

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by Chris Black FYI Binance is world’s biggest centralized exchange for crypto and they have a strict KYC policy. Exactly who is being hurt by crypto companies?? Who are they protecting with all these SEC actions? Oh wait… criminals hate competition. And that is exactly why our criminal government will never let cryptocurrencies compete with … Read more

A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute.

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by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge to share any losses (or gains) on those loans in the future. The FDIC said … Read more