Janet Yellen just warned of more bank failures to come at the same time that debt ceiling talks are suspended. Today is the last day of the month to keep the market artificially bid using call options.

Janet Yellen just warned of more bank failures to come.https://t.co/eRNWyF40LV Good thing to learn on a Friday afternoon at the same time that debt ceiling talks are suspended. pic.twitter.com/J1EHKFFZpu — Mac10 (@SuburbanDrone) May 19, 2023 This country is a mess …

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More banking failures incoming…

Shares of Western Alliance Bancorp fell as much as 17% on Wednesday. The lender did not disclose a dollar amount for total deposits, a crucial metric for investors following the SVB crash. Western Alliance is down 62% in the past …

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Bank Failures 2001-2023 (Inflation Adjusted)

Live version allows you to hover over the nodes to see the names of the banks which are too small to have labels. Colour represents the year. Online Editor (Inflation Adjusted) Sources: https://www.fdic.gov/ https://www.rateinflation.com/consumer-price-index/usa-historical-cpi/ h/t  dbacciPBI

Musk: Twitter Child Porn Failures ‘A Crime’ “…they refused to take action on child exploitation for years!”

Musk: Twitter Child Porn Failures ‘A Crime’ “…they refused to take action on child exploitation for years!” https://www.zerohedge.com/political/musk-twitter-child-porn-failures-crime On Thursday, three members of Twitter’s Trusty & Safety Council quit the company in a huff, claiming in a tweeted screed that …

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EU Monetary & Economic Failures

Authored by Alasdair Macleod via GoldMoney.com, The monetary, financial and political weaknesses of the EU are about to be exposed by the forthcoming global credit crisis. This article assumes the combination of end of credit cycle dynamics and the rise …

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