Month: April 2023

“Old soldiers never die,” said Gen. Douglas MacArthur in his long-ago farewell address of April 1951. “They just fade away,” he added with a note...

Up until February, you would have done well to be overweight banks. “Banks do well in a rising interest rate environment” was the simple thesis....

Demand for foreign deposits down 15%-20% since SVB collapse Germans seek safety in domestic banks, platforms say Smaller, foreign banks forced to raise rates FRANKFURT,...

Editor’s Update: The FDIC has confirmed that none of the $622.607 billion in deposits in foreign offices/branches of Citibank are FDIC insured. See the stunning...

US’s attempt to counter domestic inflation by coming out of the zero rate era led to severe distortions in the global currency markets due...