The Banking & Debt Crisis Continues

by Martin Armstrong The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest …

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Strange Days! US Mortgage Rate Falls To 6.97% As Banking Crisis Persists (Yellen, Bank Consolidations, Bailouts And The Return Of QE)

by confoundedinterest17 Strange days, indeed. Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen …

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Financial Crisis of 2023

by Martin Armstrong QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the …

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One Bank Folds, Another Wobbles and Wall Street Asks If It’s a Crisis – ‘Silicon Valley Bank Is Just The Tip of the Iceberg’… UPDATE: Silicon Valley Bank Has Failed, FDIC Takes Over!

Update: BREAKING: Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits https://t.co/fW1tTq3EKD — CNBC Now (@CNBCnow) March 10, 2023 via Bloomberg: Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks …

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Eurozone crisis 2.0 is coming

Eurozone crisis 2.0 is coming pic.twitter.com/qVmLpjOEvq — Russian Market (@runews) March 1, 2023 NEW – The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022, and reached the highest levels since the start of …

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