Bank Deposit Flight Seals Deal For US Recession
Authored by Simon White, Bloomberg macro strategist, The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the...
Housing Starts, Permits Soar In Feb As ‘Renter Nation’ Reasserts Itself
After an unexpected decline in January, Housing Starts and Building Permits were expected to rebound modestly in February, but they didn’t – they exploded back...
Jobless Claims Data Continues To Confound…
Initial and continuing jobless claims continue to exist in the ‘matrix’ of a ‘strong economy’ as both fell last week (192k vs 212k and 1.684mm...
Don’t Cry For Argentina! Inflation Hits 102.5% As M2 Printing Hits 80% YoY (Suicide By Printing Press) – Confounded Interest – Anthony B. Sanders
Don’t cry for Argentina! Their leaders did this to them. Argetina’s inflation rate just hit 102.5% as their M2 Money printing hit 80% Argentina’s central...
Why Central Banks Added $70 billion Worth of Gold to their Stockpiles
The yellow metal is expected to hold its value through the turbulent times ahead, enabling central banks to diversify from U.S. Treasuries and the dollar....
Why the US dollar has become an at-risk currency
Everywhere you turn there’s chatter about the ongoing US economic sanctions against Russia. The Russian Central Bank, Russian banks, Russian companies, Russian oligarchs — and...
L.A.’s $100 Million Megamansions Are Getting Mega Price Cuts
Sellers are slashing prices for the area’s ultraluxury properties amid a broader slowdown, citing an impending new mansion tax and proposed restrictions on new construction A Bel-Air...
Most of the World’s Banks Are Headed for Collapse
You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central...
Of Two Minds – Funny Things Happen on the Way to “Restoring Financial Stability”
March 16, 2023 We can also predict that the next round of instability will be more severe than the previous bout of instability. Everyone is...
The Banking System is Built on Deception
There’s nothing like a bank failure to get people thinking about the banking system. And though it appears the Fed has bought the nation’s banks...