News
No Mystery To Me! US Banks on Bumpy Path as First Republic’s Troubles Persist (Senator Warren Calls For Investigation Into Banking)
Published: Monday, 20 March 2023 20:00 | 
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| The infamous Covid surge in M2 Money supply (green line) produced a big surge in bank price stocks, thanks in part to the insane spending that Congress made following Covid (I’m looking at you, Liz!). But now The Fed is slowing M2 Money growth and banks like First Republic are paying the price.
Strange Days! US Mortgage Rate Falls To 6.97% As Banking Crisis Persists (Yellen, Bank Consolidations, Bailouts And The Return Of QE)
Published: Monday, 20 March 2023 20:00 | |
| 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 added that in the future, only banks that posed SYSTEMIC RISK to the economy will be bailed out. Translation: only the big four Too Big To Fail (TBTF) banks will be bailed out. Meaning that the Biden Administration prefers big banks to community banks.
The ECB Chimes In On Liquidity, I Translate ECB President Christine Lagarde
Published: Monday, 20 March 2023 20:00 | |
| Please consider these Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities
Deficit Hawk Hypocrites and Warmongers Unite, Apparently Hoping to Start WWIII
Published: Monday, 20 March 2023 20:00 | |
| The WSJ wants to send long-range missiles to Ukraine, Lindsey Graham discusses WWIII, and Republicans want defense spending to rise 5 percent more than inflation.
Janet Yellen Says "Liquidity is Strong" [Ignore the Man Behind the Curtain]
Published: Monday, 20 March 2023 20:00 | |
| "We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation."