1) Banks are tightening credit in response to fed rate hikes, economic uncertainty, and money supply contraction. This tends to be a "leading indicator" of where the economy is heading. And suggests a big slowdown in lending in H2 2023 …
by: Jon Forrest Little The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. So banks in the United States are technically not required to back customers’ deposits with anything. Even as Chairman Jerome Powell had previously …
https://t.co/Q1An8vUSsh — Win Smart, CFA (@WinfieldSmart) March 21, 2023
Tough situation for central bankers. Do they continue to fight inflation? Or do they keep raising rates in the middle of a credit/banking crisis? pic.twitter.com/yE5JngM72B — Wall Street Mav (@WallStreetMav) March 20, 2023 200 bps worth of cuts this year? …
by Shaun Richards Yesterday turned into a fascinating day as both the Bank of England and the European Central Bank faced the same problem. They both did the same thing. Accordingly, the Governing Council today decided to raise the three …
Looking ahead, we may face a period of structurally higher inflation compared to the past two decades. The deflationary impact of localization is dissipating, and there will be inflationary pressures from global trade, climate transition, demographics and politics,” said Claudio Boric, …
https://twitter.com/WallStreetSilv/status/1608294141812785152
The Federal Reserve has raised interest rates six times this year in its effort to lower inflation—currently at 7.7%—to what it considers to be the ideal level of 2%. But how did the central bankers decide that 2% is ideal …
CULTURE OF CORRUPTION: John Fetterman Disavowed ‘Dirty’ Corporate Money. Then Came Sam Bankman-Fried. Super PAC funded by disgraced crypto kingpin spent over $200K on pro-Fetterman ads. Andrew has justifiably blocked me, but if this CNBC kleptocracy shill is actually able to …
via Marktwatch: NASHVILLE, Tenn. — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association, said Sunday …
by Shaun Richards As 2022 has developed we have found ourselves in a situation we have not seen for quite some time. Let me give you an example from the United States. 1 Year Treasury Rate is at 4.00%, compared to …
Pay cuts are expected across wide swaths of the financial industry as bonus season approaches, according to a report released Thursday by compensation consultancy Johnson Associates. “There are going to be a lot of people who are down 50%,” Alan …
by Shaun Richards Yesterday was an intriguing day and no I am not referring to the record numbers watching Flight Radar to follow the flight carrying Nancy Pelosi to Taiwan. What we saw was a stepping up of open mouth …
via gloomboomdoom: If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” Alan …
Via International Man by David Stockman Here is the combined balance sheet for the four most important central banks in the world: the Fed, the European Central Bank (ECB), the Bank of Japan (BOJ) and the People’s Bank of China …
Pretty awkward Reuters poll for the BoJ. "76% of firms said can't tolerate yen weakness at current levels." Kuroda to the Diet three weeks ago: "There's no change now to my view a weak yen is generally positive for Japan's …
BlackRock to Pull $2 Trillion in Assets From State Street BlackRock and four other large institutions forced to write-off billions after Fitch Ratings downgrades China Evergrande to “restricted default” status. h/t rsonic17
by Martin Armstrong There is a new dress code on Wall Street. Bank of America is urging employees to “dress down” amid surging crime in NYC. The bank is even asking employees to forego attire containing the bank’s logo. Citibank and other …
View post on imgur.com Bitcoin and cryptocurrencies have roared back over the last month after a China and Elon Musk-induced sell-off. The bitcoin price last night broke above $50,000 per bitcoin for the first time since May. Meanwhile, double-digit gains …
they want to track everything and destroy all privacy from paper money you will miss the freedom of fiat currency paper! everything should be tracked by a CBDC skynet. be careful!!! watch the vid! One of the Top #Bitcoin -ers …
Biden’s Inflation Monster Arises. The Federal Reserve, Congress, and President Joe Biden are all complicit in the intensifying growth of price inflation, and all three should ratchet back their reckless policies that are causing it. However, Biden should take the lead, as …
It’s rather ironic that politicians who work for a government that is in the red $28 Trillion are criticizing bankers for charging “overdraft fees.” Shouldn’t politicians be on the side of enforcing voluntary contracts, rather than advocating breaking them? America’s …
Jason talks about even more insane examples of what central bankers are doing! The ECB’s balance sheet is now 75% of EU GDP? The Bank of Canada, Canada’s central bank, now owns 40% of all Canadian government bonds in a …
by Michael Lebowitz When one bets on a sporting event the facilitator of the bet, referred to as a bookie, charges the winner of the bet the vigorish. The vigorish, commonly known as the vig, is a fixed percentage of …
by Shaun Richards A feature of the credit crunch era is the repetition of various suggestions from governments and central banks. One example of this has been the issue of Eurobonds which invariably has a lifespan until the nearest German …
by User_Name13 Insane levels of hypocrisy here from JPMorgan CEO and bankster-extraordinaire Jamie Dimon. This has been the playbook in America for the wealthy the past 40 years: Privatize the gains, socialize the losses. Us taxpayers pay to bailout bankers …
