At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That
By Pam Martens and Russ Martens: May 11, 2023 ~ If the dark secrets about the U.S. banking system that federal regulators have been keeping since...
FDIC Seizure of Foreign Deposits at SVB Opens Pandora’s Box at JPMorgan Chase and Citi – Which Hold a Combined $1 Trillion in Foreign Deposits with No FDIC Insurance
By Pam Martens and Russ Martens: May 15, 2023 ~ If you have been following the banking crisis, you have likely read at least a dozen...
Peter Schiff: Great Depression 2.0 Is Incoming
May 15, 2023 by SchiffGold 0 0 Peter Schiff appeared on First TV’s I’m Right with Jesse Kelly to talk about the state of the economy, inflation, and...
The Empire Strikes Out! Empire State Manufacturing Business Conditions For May Tanked By -31.8 As Fed Slows M2 Money Growth – Confounded Interest – Anthony B. Sanders
Between Covid and Joe Biden’s Reign of Error, the US economy is slippin’ into darkness. As Biden gets yet another nickname: Darth Biden! The Empire...
‘The Fed is way late and they’ve already screwed it up.’
MarketWatch/Jonathan Burton/5-11-2023 “The Fed is way late and they’ve already screwed it up. The Fed has made their second massive mistake.They underestimated inflation and now...
Federal Tax Revenues Tank as Biden Administration Goes Right on Spending
May 15, 2023 by Michael Maharrey 0 0 The US government ran a surplus in April, as it generally does in tax return month. But federal tax revenues...
Oaktree’s Howard Marks warns of crunch time for private credit
Howard Marks, the co-founder of $172bn investment group Oaktree Capital Management, has warned that the boom in private credit will soon be tested as higher...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “For a variety of reasons it is likely that central banks that hold gold will tend to husband their reserves and that some with...
‘Speculative markets are an accident in the making’
Credit Bubble Bulletin/Doug Noland/5-12-2023 A couple of notable insights from Doug Noland, released Saturday: “Bonds and stocks rallied immediately on the release of CPI data,...
Stocks mixed as investors weigh inflation data, regional bank turmoil: Stock market news today
U.S. stocks closed mixed on Thursday afternoon as new inflation data came in cooler than expected but regional banking concerns continued to weigh on markets....