Independent thinking for complex markets and current events
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New Zealand, the United Kingdom, Canada, Australia, Norway, the Eurozone, Sweden, Switzerland, and Japan. As shown …
The banking industry is a crucial part of the economy, but it is currently facing a crisis that could lead to collapse. The recent failures of Silicon Valley Bank and Signature Bank have caused shockwaves in the financial world, and there is concern that this is only the beginning of a larger, catastrophic event. More …
TL:DR: Big banks are hiding risky investments off their books, just like they did before the 2008 crash. This could cause another financial crisis. Banks like JPMorgan Chase have trillions of dollars in risky investments they don’t report on their main financial statements. Regulators are worried and want the banks to set aside more money …
Amid escalating concerns over fiscal deficits worldwide, the surge in gold purchases by central banks during the first quarter signals a broader financial instability, echoing fears beyond the US alone. As governments grapple with post-COVID economic challenges, the unprecedented acquisition of gold underscores growing uncertainties and the quest for stability in a volatile global economy. …
Central banks around are now cutting rates rapidly ht g.o.t. pic.twitter.com/WET0DuptRS — Win Smart, CFA (@WinfieldSmart) April 30, 2024
Unveiling a little-known intervention, the Federal Reserve injected $152 billion into big banks in March 2023, surpassing aid provided during both the 2008 and 2020 crises. As regional banks, grappling with precarious balance sheets, increasingly turn to the discount window for support, questions arise about the Fed’s strategy and the future of banking stability. I …
🚨BREAKING: FED DISCOUNT WINDOW 📈 FED DISCOUNT-WINDOW LOANS $7.02B IN THE WEEK *The latest data suggest that mostly regional banks are using the discount window as they are the ones with the worst balance sheets. pic.twitter.com/KbqGFjQ16J — The Coastal Journal (@1CoastalJournal) April 25, 2024
U.S. Banks finished the year with almost $400 billion of unrealized losses on held-to-maturity assets pic.twitter.com/1JV7N8UCqe — Win Smart, CFA (@WinfieldSmart) April 25, 2024
According to sources cited by the Wall Street Journal (WSJ) on the 22nd, the U.S. government is preparing sanctions that threaten to expel some Chinese banks from the global financial system. Before he visits China, these measures are intended to provide Antony Blinken, U.S. Secretary of State, with diplomatic leverage to prevent the Chinese government …
U.S. Banks ended fiscal 2023 with $192.46 Trillion in derivative notional on the books. Out of the 1,185 banks reporting, just four of them hold 87.4% ($168.26T) of these open contracts: JPM Chase, BofA, Goldman, & Citi 🏦 pic.twitter.com/61lqLghwPd — M.B. (@741trey) April 18, 2024
Canada plans halal mortgage for Muslims, faces questions The Canadian government is exploring halal mortgages to help Canadian Muslims buy houses as part of Prime Minister Justin Trudeau’s push for homeownership. The plan has been questioned and criticised by people. Canada, meanwhile, has extended the ban on foreigners buying houses. In Short Trudeau aims to …
Something just broke. 🚨BANK EARNINGS 📉 Bank of America stock is down 5% today after reporting terrible earnings they’re profits -18% All banks continue their selling as earnings. Come in terrible.$bac pic.twitter.com/ThvImsLjg7 — The Coastal Journal (@1CoastalJournal) April 16, 2024 The gaslighting of the data will be one for the ages pic.twitter.com/fsN1Zc4KGo — The Coastal …
Linkhttps://t.co/NfB6cG2eI4 — QE Infinity (@StealthQE4) April 14, 2024 Yep and they still hold a lot of zero yielding treasuries. — QE Infinity (@StealthQE4) April 14, 2024
https://wallstreetonparade.com/2024/04/for-the-first-time-in-history-the-fed-is-reporting-billions-in-losses-weekly-its-still-paying-high-interest-income-to-the-mega-banks-on-wall-street/ The Federal Reserve is losing billions of dollars weekly for the first time ever. Here’s the breakdown: The Problem: The Fed gets low interest (~2%) on the massive amount of bonds it bought during economic stimulus programs (QE). However, they pay high interest rates (over 5%) to big banks for parking cash with them. This leads …
Everybody is asking: Who's Buying? Well, it's none other than the Central Banks themselves! (Data upto Q423) pic.twitter.com/JZUCvKqVrw — The Macro Guy (@SagarSinghSetia) April 8, 2024 Morgan Stanley Commodity Forecast pic.twitter.com/0fAyWGhu1G — Win Smart, CFA (@WinfieldSmart) April 8, 2024
The US banking system’s fragility has been brought to attention once again. The S&P 500 has issued a chilling warning that has sent shockwaves through the banking industry. The renowned index tracking agency has downgraded five major regional banks. This move has raised alarm bells across the sector, with many citing mounting concerns over their …
China Maintains Yuan Defense After Currency Nears Red Line (Bloomberg) — China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient dollar and poor investor sentiment pushes it toward a policy red line. The People’s Bank of China kept its daily reference rate for the managed currency broadly unchanged, implying …
Staggering stat from the WSJ. Banks are doing some serious can kicking so they don’t have to mark down losses on loans Only 25% of CRE loans were paid in full. Where are the regulators to end this BS? Lenders have the banks by the balls. The whole thing is a giant sham pic.twitter.com/Ns7tEGuBYI — …
🍿POPCORN ALERT 🍿#JustDarioDaily ⚠️IS IT FINALLY $VIX SHOWTIME?👀 TL;DR: we discussed a lot about the risks of a “Volmageddon” to strike again, potentially much harder than in 2018. Is this about to happen? Full article in link👇🏻https://t.co/GeO8sjKbFa — JustDario 🏊♂️ (@DarioCpx) April 5, 2024 Banks don't keep all their cash in a vault – they …
The #banks continue their orderly selling as investors head for the exits as #BTFP ending will make it harder for them to hide their insolvency when they report later this month. https://t.co/c43KBSkjEF pic.twitter.com/0EENvuV7qM — The Coastal Journal (@1CoastalJournal) April 2, 2024 https://www.youtube.com/watch?v=gHfwASE5Ha4
A lawsuit against major credit card companies, like Visa and Mastercard, has sent shockwaves through the financial industry. Interchange fees, which are transaction charges merchants must pay every time a customer uses a credit or debit card, have been a contentious issue in the retail industry. Retailers have argued that these fees are excessively high, …
Central banks are starting to show their cards, and this surge in gold has been relentless. It is remarkable to see this price behavior on days when Treasuries fall and inflation expectations rise. The race to improve the quality of their international reserves is just… pic.twitter.com/uxx8Bq2D5V — Otavio (Tavi) Costa (@TaviCosta) April 1, 2024 CNBC talking heads, …
The economic downturn of the early 1930s led to a global debt crisis, which led to endless money printing, leading to global currency devaluations, which ultimately led to World War II. Read some history. — Gold Telegraph ⚡ (@GoldTelegraph_) December 7, 2021 The U.S. Deputy Treasury Secretary recently said that the strength of the U.S. …
This is a very good NYT article to read through the long weekend Personally speaking I think #Boeing risks are being greatly underestimated so far, let’s see how many more accidents are needed before these doomed planes are grounded for good 🙄 https://t.co/nSAkAVdKVS pic.twitter.com/3EGV8eHRFE — JustDario 🏊♂️ (@DarioCpx) March 30, 2024 https://justdario.com/2024/03/insurances-and-banks-risk-a-boeing-financial-nightmare-03/
“#China: Bank of Communications reported that its property bad loan ratio jumped to 4.99% at the end of last year from 2.8% a year earlier. Industrial & Commercial Bank of China saw its bad loans from residential mortgages rise 9.6% to 27.8 billion yuan. We know that the property sector (as outlined in a 2021 …
Take it Out, and Cut Already! Canadian banks are releasing reports, one-after-the-other, urging the Bank of Canada to stop using components of shelter inflation in its core CPI calculations. I mean, why should shelter costs (needed to live) be part of the a critical cost of living index? They argue that mortgage interest is not …
🚨HSBC LAUNCHES DIGITAL GOLD The HSBC Gold Token is the first #digitalgold coin in the world launched by a bank for retail buyers. ✅ Gold tokens represent gold in bank’s vault ✅ Blockchain allows holders to more easily track #gold they own pic.twitter.com/OSU4jnD9wa — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 27, 2024 HSBC’s …
#recession … #CentralBanks Pushing on a String edition https://t.co/xkicXfqREG — Invariant Perspective (@InvariantPersp1) March 21, 2024 Waaait what?! What did the Swiss Central Bank just say?! 😳 ⚠️ SNB'S SCHLEGEL: BANKS NEED TO PREPARE SIGNIFICANTLY FOR MORE COLLATERAL 🚨 Emmhhh smells like problems… 👇🏻 https://t.co/gt8wMBnERI — JustDario 🏊♂️ (@DarioCpx) March 21, 2024 #JustDarioDaily – The …
The Swiss government-sponsored rescue of Credit Suisse and U.S. bank salvages in March 2023 doused the immediate fires kindled by a run at little-known U.S. regional lender Silicon Valley Bank. But regulators and lawmakers are only starting to address how banks could better withstand deposit runs, and whether they need easier access to emergency cash. …
In recent years, the financial stability once taken for granted has begun to crumble, revealing the underlying vulnerabilities of global banking systems. The once robust and seemingly impenetrable banks are now showing signs of distress, with balance sheets weakening and confidence waning. As prominent banks succumb to the weight of their own vulnerabilities, the Federal …