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Why haven’t banks raised their rates on customer deposits with interest rates rising? What does this imply for the broader banking system
The Fed Should Be Fired as Bank Regulator. Powell’s Discussion of Silicon Valley Bank & Regulatory Failure Shows WhyMar 27, 2023 - 07:45:55 PDT
The Fed is structurally too conflicted to regulate banks. The FDIC is not, but it needs tiger teeth to bite CEOs’ heads off.
The Fed’s rate hikes and QT didn’t break anything except consensual hallucination.
FDIC Sells Much of Silicon Valley Bank to First-Citizens Bank. Total Cost of SVB Collapse to Deposit Insurance Fund: $20 BnMar 27, 2023 - 07:44:41 PDT
Even collapsed banks have lots of assets that the FDIC sells to cover the costs to the Fund. Signature Bank collapse costs the Fund only $2.5 billion
"Stagflation Is Upon Us" - Dallas Fed Manufacturing Survey Contracts For 11th Straight MonthMar 27, 2023 - 07:43:48 PDT
For the 11th month in a row, The Dallas Fed Manufacturing Outlook survey printed negative (signaling contraction) in March, dropping to -15.7 (from -13.5), significantly below the -10.0 expected bounce.
On March 8, Silicon Valley Bank and Signature Bank were both, according to public disclosures, “well capitalized,” the optimal level of health by federal regulatory standards. Days later, both failed.
Mar 27, 2023 - 07:39:39 PDT
Freddie King said it best. We’re going down. At least the commercial real estate market. As The Fed raises rates to combat inflation, we are witnessing a serious decline in Markit’s CMB…
Mar 27, 2023 - 07:37:53 PDT
The US economy got beaten to a pulp by the Chinese Wuhan Covid virus outbreak in early 2020. The Fed intervened with massive money printing along with massive spending by Congress and the Administr…
Mar 27, 2023 - 07:36:25 PDT
Are central banks like The Federal Reserve and European Central Bank ({ECB) sinking the banks? Deutsche Bank, Germany’s largest bank (eerily like Germany’s World War II battleship The B…
The Federal Reserve raised their target rate just once under President Obama until Donald Trump was elected. Then raised their target rate 8 times AFTER Trump was elected. In other words, Bernanke/…
Janet, are you kidding? As The Fed attempts to fight inflation, rates are rising. Consequently, deposits are all commercial banks are falling. The Fed just released its weekly commercial bank data …
Negative interest rates and quantitative easing have wrecked the economic system. Negative interest rates destroy the profitable portion of a bank’s asset base, and no amount of cost-cutting or efficiency initiatives can compensate for this loss. Furthermore, persistent quantitative easing has transformed the investment side of the balance sheet into a ticking bomb.
Mar 27, 2023 - 07:21:54 PDT
Bill Gross warned the Fed may have gone overboard with its rate hikes, while Jeffrey Gundlach pointed to worrying moves in markets.
Predicting recession is a lot harder than predicting weather. Clouds don’t care what you think; they go wherever the wind pushes them. The economy, on the other hand, responds to human action. Our actions and attitudes can actually change it.
Mar 27, 2023 - 07:12:10 PDT
t today's Senate Appropriations Committee, Sen. John Kennedy (R-LA) questioned Treasury Sec. Janet Yellen about President Biden's proposed taxes.
Artificial intelligence may be coming for your jobs.
French President Emmanuel Macron summoned government ministers for a crisis meeting on Monday, as tensions ran high a day before another major round of strikes and protests against his pension reforms.
How This Bank Crisis Could Play Out - Mike Maloney on 'The Day of Reckoning'Mar 27, 2023 - 06:36:03 PDT
Do you want to know what's really going on with our economy and financial system?
Gold prices slipped on Monday as a rebound in equities dented the metal's safe-haven appeal, while investors evaluated steps taken by authorities to calm fears of a crisis in the global banking system.
Bank crisis not a credit quality problem but stems instead from now-impossible task of financing America’s ever-expanding foreign debt.