Draining the FDIC’s Emergency Reserve
The Second Half of the Bank Crisis, Kicking off Now Hi Reader, Here’s what our editors are looking at today… | | | News: Dave Gonigam – Bank Crisis 2024 Conventional wisdom has it that the bank blowups in the spring of 2023 were a one-off: Silicon Valley Bank, First Republic, et al. were a freak occurrence brought about by the Federal Reserve raising interest rates at the fastest clip in over 40 years. And as the official narrative went — dutifully parroted by corporate media — the whole thing blew over after only two months. Wrong: The second half of the banking crisis kicked off after the close of business Friday afternoon. More and bigger failures are in store. We’re talking about banks with up to $900 billion in total assets that are at risk. Will that be enough to drain the FDIC’s emergency reserve? And what then? ⇒ Read More Here | |
Recommended Reads: CRITICAL: U.S. Gov’t Agency To Trigger Massive Move In The AI Market? A Nobel Prize winner and doctors from Harvard, Yale, Stanford, and Johns Hopkins have just unveiled a shocking new type of discovery…
Due to this similar discovery, this tiny $6-stock AI companymight have stumbled upon the biggest cancer discovery in history.
And in as little as a few short days, we expect the FDA could deliver a bombshell announcement regarding this company and its work, triggering a historic move in the AI market. ⇒ Click here now for the full story. | |
America: Jim Rickards – Bye-Bye, Goldilocks This pivot mania has gone by several other names. One was the “soft landing”: the idea that the Fed had beaten inflation without causing a recession and could put the economy on a sustainable growth path. In effect, a masterpiece of Fed finesse. Another name was “Goldilocks” on the view that Fed policy was “not too hot, not too cold, just right!” another tribute to Fed finesse. It’s all nonsense: a narrative designed to lull investors into complacency and to buy more stocks. The truth is the Fed has no idea what it’s doing, the Fed doesn’t matter that much anyway and Wall Street is in the tagalong business, not real forecasting. ⇒ Read More Here | |
Politics: Sean Ring – Sanctions For Thee, But Not For Me… As if we didn’t have enough proof that these sanctions against Russia were a complete disaster. But this takes the cake. What if I told you the Biden Administration, such as it is, has loosened sanctions for some Russian banks because of the adverse effects on Americans’ energy costs? Yes, folks, we have definitive proof that these misguided sanctions are directly impacting your daily lives and hurting Americans where it hurts the most: in their wallets. ⇒ Read More Here That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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