Regional bank crash 3.0 incoming

by fickdichdock Reasoning in some easy to digest bullet points: Hedge funds piled into regional banks in the last crash but they will take profits on the first sign of trouble. Fitch “in ur an us” rating agency down graded …

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Silvergate Capital CEO Alan Lane to Exit as Crypto Bank Winds Down. Reminder, Citadel Securities is the owner of roughly 1.73 million shares or a 5.5% stake in Silvergate.

by Dismal-Jellyfish Source: https://www.marketwatch.com/story/silvergate-capital-ceo-alan-lane-to-exit-as-crypto-bank-winds-down-c5f5c698 Silvergate Capital Chief Executive Alan Lane and other executives are leaving the company amid the wind down and liquidation of Silvergate Bank. Lane and Chief Legal Officer John Bonino will both leave, effective Tuesday. Chief Financial Officer Antonio …

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China’s house of cards is about to collapse: Government suspends youth jobless data amid record high readings, sparking backlash on social media.

#China suspends youth jobless data after record high readings. The decision announced shortly after the release of weaker-than-expected factory & retail sales data sparked rare backlash on social media amid growing frustration about employment prospects in the country.… pic.twitter.com/KSsSdOIxM7 — …

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IBM to layoff 8000…replaced by AI

Will occur over the next couple years. IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted …

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The Middle Class Is Being Destroyed

This is raw and real, it's the middle class that's getting hit hard. This lady makes $34/hr and can't even survive in Canada … 🚨🚨🚨 🔊 pic.twitter.com/B7x1pfjQxO — Wall Street Mav (@WallStreetMav) August 15, 2023 The cost of living crisis …

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Treasury: Dealer of Second to Last Resort

by Chris Black The Treasury’s new buyback program will have a humble beginning, but tremendous potential to become an essential tool with far reaching impact. Treasury first hinted at a buyback progra… Continue reading by subscribing.

Happening: “Libertarian” Takes Over Argentina

by Chris Black He plans to adopt the US dollar and abolish Argentina’s central bank. His proposals: – Replace pesos with dollars to end with inflation – Free market economy – Elimination of central ba… Continue reading by subscribing.

This is Your Reminder to Install Linux

by Chris Black I assume you really give a sh*t about fighting globohomo. That’s all. FYI, Installing Linux is easier than installing Windows. The problem is that Windows works perfectly out of the bo… Continue reading by subscribing.