Tl,dr: they were tied to Silver Capital. Silver Capital lost their asses over the FTX implosion. Also, Fed raised interest rates. Making the banks bond holding worth less. A few big clients pulled funds, bank covered short by selling bonds …
By Graham Summers, MBA The situation in Japan is worsening. As I’ve outlined before, Japan is the grandfather of monetary policy insanity. The Fed first introduced Zero Interest Rate Policy (ZIRP) and Quantitative Easing (QE) in 2008. The central bank …
Statement from new CEO of FTX, John Ray, the bankruptcy lawyer who handled the liquidation of Enron… “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”… …
by BoatSurfer600 via Yahoo: It’s too soon to declare victory, but Federal Reserve Chair Jerome Powell is on track to navigate the U.S. economy to a soft landing. That’s the view of Jan Hatzius, the chief economist of Goldman Sachs, …
“What I see, heartbreakingly, is that our society has unwittingly, bit by tiny bit, chosen convenience and instant gratification over the effort it takes to interact with the authenticity of real people, their community of neighbours, their touchstone,” the …
By Graham Summers, MBA Are you ready for the next crisis? You better be… because the Fed is losing control of inflation and the bond market… again. Historically, the Fed has taken its cues on where rates should be based …
by BoatSurfer600 Source: https://financialpost.com/news/economy/canadian-job-vacancies-climb-record-inflation-pressure
Austin is not the only one. Dallas, Phoenix, Boise, Tampa also setting monthly inventory records. Check out https://t.co/T5AunQYjfL's data set to see for yourself. https://t.co/KfJP3C3Y7H pic.twitter.com/H6doa9N9Y8 — Nick Gerli (@nickgerli1) July 10, 2022
by SilverBoatSurfer If you want to trigger an interesting discussion among economists, just ask how much of the fall in the 10-year break-even (to a 2022 low) is a function of(i) the #Fed's newly-found #inflation-fighting appetite; and(ii) the growing concern in …
by SilverBoatSurfer Source: https://www.bbc.com/news/science-environment-61899509
What we're about to experience is something we haven't seen in 100 years. Buckle up. pic.twitter.com/4HAVFzEMxk — Financelot (@FinanceLancelot) June 6, 2022 Raw material prices hit a new all time high – Bloomberg “Let’s hope the FED pivots” pic.twitter.com/vJPxfmrELh — …
Source: https://www.theglobeandmail.com/business/article-canada-food-insecurity-michael-mccain/ h/t SilverBoatSurfer
The Fed assures us an easy landing is doable with GDP “growth” at -1.4%. Does anyone wonder whether those trees brushing the wingtips mean we’ve already missed the runway? But, hey, inflation was transitory, too. So, buckle up…. by Michael …
North Korea launch largest mobile ICBM EVER, Saudis oil is destroyed- oil price to skyrocket, Biden Gaff about sending troops, Russian launches mysterous Satellite, some absolutely insane nuclear threats from the Kremlin, NATO draws a red line, Russia diverts attention/ …
by Matthew Piepenburg via Gold Switzerland Numerous animal metaphors (hawk, dove to goat) are employed below to make sense of an otherwise imploding financial “barnyard.” Among such squawking beasts, two financial elites from Goldman Sachs and Bridgewater are making the latest noise; but …
by David Haggith Zero Hedge’s favorite quant from Nomura just laid out his measurements and metrics of the bond market that explain why treasury prices puked on Tuesday, and his assessment of what is happening precisely validates the “Big Reveal” …
by Kimble Charting The U.S. economy and stock markets have been lead by technology companies (and stocks) for nearly 20 years. And this dynamic is on full display in today’s chart. Below is a long-term “monthly” ratio chart of the …
h/t majkelakalobo
h/t MojoWuzzle
Investors are growing cautious as we approach the fourth quarter, and their trepidation is justified. Here’s a brief summary of the situation: there is a potential global financial crisis stemming from the Chinese property market meltdown, supply chain bottlenecks are …
Rumors are swirling that Amtrak crews are having sickouts now that the company of 18,000 have mandated the shot. Pilot Crews from Southwest are planning similar sickouts and American Airline pilots may join, their ATC counterparts. Trains 465 and 416 …
the disruption to global trade from shipping constraints; a rapidly emerging energy crisis; serious concerns about China’s property market and its entire growth model; an escalating dispute within the US Congress that threatens to destabilize the global economy. NTC approaches………….or at least the biggest global …
CNBC Interview with Kyle Bass Full Interview with Missing 8 Minutes. Evergrande and Warmongering. Timestamps in Comments Click to expand The CNBC . com upload only had the first 4:30. Here are some timestamps for the rest of the video. …
by 5th Dimension What could easily happen in 3-4 months or sooner. 1) Global mass protests and riots (already starting) 2) Food supply chain absolutely collapses (have you read the UK supply chain news yet heh?) 3) Inflation like you never …
by mark000 Predictions: [1] A crisis kicks off in Financial Markets before the end of this month. [2] The UST 10Y yield goes negative during August or September. [3] October 2021 sees ———REDACTED———- UST 10Y chart.
$SPX Time to buckle up. pic.twitter.com/HFSZ8Jg9HK — The Great Martis (@great_martis) May 6, 2021 $ARKK continues to get mutilated, considerably underperforming literally everything. The liquidity of this complex is illusory, as the reflexivity embedded within creates a lurking shadow convexity …
https://twitter.com/VolatilityQ/status/1388146489881411585 https://twitter.com/Hipster_Trader/status/1388150256563539968 $spx sentiment pic.twitter.com/4Z3DBjBIm0 — Álvaro Oviedo (@alvoviedo) April 30, 2021 Derivative Contracts Held by Fed-Insured Banks Have Exploded from $737 Billion to $4.1 Trillion According to the OCC’s most recent “Quarterly Report on Bank Trading and Derivatives Activities,” …
