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With Lebanon and the world witnessing a financial crisis, international investors focus on gold.
The Lebanese people and the country’s diaspora are increasingly worried about their savings in banks, as many panic given the current problems in Lebanon’s banking sector.
This Is Not Another Banking Crisis, Analysts Say — It’s ‘Sentiment Contagion’ InsteadMar 28, 2023 - 12:58:37 PDT
Friday's plunge in Deutsche Bank's share price — despite relatively strong capital and liquidity positions — left many market watchers confounded.
Christian Laggard raised interest rates by 50 bps last week, and Mr. Powell decided to raise the Fed Funds Rate by 25bps today and to keep the Quantitative Tightening Program at its current pace. It is hysterically funny that the Fed and ECB both contend that they can fight inflation while also ensuring financial stability. Such a contention reeks of manure so much that only a dung beetle could endure it.
"Economic Headwinds Are Building" - Jeff Gundlach Warns Of Imminent RecessionMar 28, 2023 - 12:36:55 PDT
Echoing his comments from earlier this month, 'Bond King' Jeff Gundlach warns of an imminent recession - within the next few months - as the yield-curve suddenly steepens...
Sure, central banks are likely going to bail out markets again if necessary. But that doesn't mean something isn't still going to break.
This chart shows FOMC members' projections for the appropriate target level of the federal funds rate at the end of the specified year.
The U.S. dollar is the dominant currency in the global financial system, but some countries are following the trend of de-dollarization.
Given its role as the world’s primary reserve currency, the importance of the US dollar in the global economy cannot be understated. It’s estimated as many as 90% of all international trades involve the greenback.
Mar 28, 2023 - 11:59:28 PDT
Consumer considence (according to the Conference Board) remains below pre-Covid levels despite the massive Federal spending spree and Fed money printing).
In the original article I shared what I thought would be the 10 most important charts to watch for global multi-asset investors in the year ahead (and beyond). In this article I have updated those 10 charts, and provided some updated comments.
At the latest Wealthion Conference, Mike Maloney gave a speech on the dangers in the banking industry – and it couldn’t have come at a better time.
Predictions about the BRICS countries as the fastest growing economies haven't quite panned out. Instead, the alliance is now offering a diplomatic forum and development financing, outside of the Western mainstream.
Why Fractional Reserve Banking Is behind Bank Failures | Jonathan NewmanMar 28, 2023 - 08:11:04 PDT
Drug addicts suffer major withdrawal symptoms when they go cold turkey. In the case of high-tech startups and their banks (like Silicon Valley Bank), the super-low-interest-rate stimulant has been taken away by the drug dealer (the Fed) via interest rate hikes.
Banking is in a league of its own when it comes to government subsidies, special privileges, and bailouts.
Janet Yellen Asked Bush Treasury Chief Henry Paulson for Advice on Bank Crisis: ReportMar 28, 2023 - 08:04:49 PDT
Paulson told the AP that he told Yellen: “We are fighting for the survival of our regional banks.”
The US Senate Banking Committee has convened a hearing on the regulatory response to the recent string of bank failures that has upended the finance industry and roiled markets. Among those asked to appear is Michael Barr, the Federal Reserve’s vice chair for supervision.
Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
Mar 28, 2023 - 07:43:55 PDT
"'Progressive' taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor." ~ Brian Balfour
The Moral Hazard Emerging From Fed's Response to Failures of Silicon Valley Bank & Signature BankMar 28, 2023 - 07:34:33 PDT
The federal response to the failures of SVB and Signature Bank, and more recently to the troubled First Republic Bank, is extremely concerning for several reasons.
Money printing is not the main source of trillions in government spending – it is our bank accounts
* How the Federal government changed the laws in 2006 and 2008, giving Washington and Wall Street unprecedented back door access to the spending power of our money in the bank.