The Big Government-Big Bank Plot To Exploit Us
On May 1, government bank officials sold Republic Bank to JP Morgan Chase, the largest bank in the country. Even the New York Times report...
The Borg Identity! US Bank-Run Escalates, Deposit Outflows Top $360 Billion In Last 3 Weeks (Fed Rate Hikes To Combat Inflation Is Crushing Regional Banks) – Confounded Interest – Anthony B. Sanders
Yes, the banking system under green zealots and spendiholics Biden, Pelosi and Schumer have helped drive inflation to 40 years highs leading The Fed to...
Gov’t Gone Wild! California Defaults on $18.6 Billion Debt, Now Businesses Have to Pay (Reparations Plan In California Could Cost The State Billions) – Confounded Interest – Anthony B. Sanders
California just did what Slow Joe Biden and Senate Majority Leader Chuckles Schumer are threatening to do. Biden and Schumer still refuse to negotiate (allegedly)...
Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive
Investors exacting their pound of flesh for the risk of a default “as early as” June 1. By Wolf Richter for WOLF STREET. The chaos has been going...
Germany’s Industrial Plunge Revives Winter Recession Fears
(Bloomberg) — German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession....
Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, even for April
High demand by renters of choice trying to outwait the housing turmoil pushes up actual rents in a range of 6% to 8%. By Wolf Richter for WOLF...
The Fed Is Overindebted, Isn’t It?
Behind closed doors, the report is already making the rounds in expert circles: if you follow the rules of sound commercial accounting, the United States...
Bank Term Funding Program Discounts the Discount Window
The Federal Reserve is tasked with ensuring the stability of the financial system in the United States. Following the failures of Silicon Valley Bank (SVB),...
SLOOS Finds Even Tighter Credit Standards, A Collapse In C&I Loan Demand, And A Dire Outlook For Rest Of 2023
Three months ago, back in February, we had already warned that the Q4 “Fed Loan Officers Paints Dire Picture: Loan Standards Approaching Record Tightness As...
The bumpy road ahead for the world economy
In the post-World War II era, the US has been known for its hegemony–in other words, its leadership role in the world economy. According to...