Independent thinking for complex markets and current events
It’s a busy week for central banks worldwide, with a flurry of rate decisions expected. The Federal Reserve’s two-day meeting, starting Tuesday, is likely to steal the spotlight as markets anticipate a potential start to the Fed’s rate-cutting cycle. Traders are largely expecting a quarter-point reduction, though some are betting on a half-point cut. Brazil’s …
Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received fake $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE. Among the victims is Tiffany …
https://www.youtube.com/watch?v=AmDu9IFsQ1M The banking sector is on the brink of a crisis as the global economy teeters on the edge of recession. With six major banks under intense scrutiny, growing fears of instability are casting a shadow over the entire financial landscape. As economic conditions deteriorate, lending standards tighten, creating a precarious environment for these institutions. …
Banks hold bonds, and when interest rates rise, the value of those bonds in the secondary market decreases, leading to a reduction in their book value. This results in banks showing unrealized losses in their portfolios. However, unlike stocks, bonds, when held to maturity, recover their full value as the bond issuer returns the original …
by WhatCanIMakeToday The Federal Reserve requested comment on proposed rule to require large banks to maintain long-term debt to improve financial stability and resolution [Federal Reserve]. This might sound familiar to some of you because the Fed & FDIC tried to do the same thing last year [SuperStonk: Federal Reserve & FDIC Seeking Bag Holders] Get ready …
https://www.fdic.gov/system/files/2024-09/qbp.pdf Finra, a Wall Street regulator is understating Margin Debt by more than $4 TRILLION dollars, by not counting gigantic Meme Banks who make Margin Loans to Hedge Funds Most market watchers rely on the monthly margin debt figures published by Wall Street’s self-regulator, FINRA, as the reliable gauge in determining how much of securities …
Warner pushes bill requiring banks to test discount window The lawmaker introduced a measure that would reduce stigma tied to the Fed’s short-term lending facility, which has seen a litany of attention from regulators in recent weeks. Dive Brief: Sen. Mark Warner, D-VA, introduced legislation Thursday seeking to require banks to engage in periodic test …
By Pam Martens and Russ Martens: September 3, 2024 ~ The Office of Financial Research (OFR), the federal agency created after the 2008 financial collapse on Wall Street to defog the lenses of federal regulators to prevent a replay of that disaster, has posted frightening graphs on its website as part of its “Hedge Fund …
By Martin Armstrong A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50% or higher ratio of uninsured deposits to total deposits. Basically, they simply do not have the hard currency to shell out in …
Banks need to help to keep the $NVDA illusion going otherwise they lose their fees stream… as usual https://t.co/wnhdw9qYSj pic.twitter.com/ucAfFWgBUT — JustDario 🏊♂️ (@DarioCpx) August 29, 2024 $AILE Hindenburg newest target pic.twitter.com/ZyoXnJb9BC — Win Smart, CFA (@WinfieldSmart) August 29, 2024
BY DAVID HAGGITH You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up. Photo by Rob on Unsplash “The time has come for cuts,” Powell said at the Jackson Hole Economic Symposium Powell, of …
Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks’ balance sheets The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. The seven banks involved in the deal, including Morgan Stanley and Bank of America, …
Keep your powerbank in safe place if you’re having a pet h/t Dharma777
"Central banks are hoarding gold faster than we've ever seen." https://t.co/J9XZM6jxsg via @dailychartbook pic.twitter.com/Rg9zR1EhiT — Jesse Felder (@jessefelder) August 17, 2024 Gold hits an ATH in US $…ever, and not a mention in the CNBC’s of the world. The US MSM has done a great diservice to its audience by never acknowledging the one asset …
Video captured the moment an elevated beachfront home on the Outer Banks of North Carolina collapsed and was washed out to sea Friday by waves caused by Hurricane Ernesto, according to The New York Times. Hurricane Ernesto made landfall Saturday morning in Bermuda as a weakening Category 1. The waves caused by the storm combining …
https://fred.stlouisfed.org/series/DRCCLACBS Large banks are doing better, although delinquencies have risen quite bit recently. Still concerning for the 4400 other banks. Delinquency transition rates for credit cards, auto loans, and mortgages increased slightly in the second quater of 2024, per the Fed. Over the last year, approximately 9.1% of credit card balances and 8.0% of auto …
#BREAKING A major cyberattack has targeted the Central Bank of Iran (CBI) and several other banks, leading to widespread disruptions in the country’s banking system, @IranIntl has learned. Initial assessments indicate this could be one of the largest cyberattacks ever against… pic.twitter.com/6TiuNrxosL — Iran International English (@IranIntl_En) August 14, 2024 Are we being set up …
https://twitter.com/newstart_2024/status/1823348332678234143
JPMorgan Chase, Bank of America and Wells Fargo Under Federal Investigation Over Hundreds of Millions of Dollars in Scams and Fraud on Instant Payments Platform Zelle https://t.co/Pj4ffqcMcR — The Daily Hodl (@TheDailyHodl) August 10, 2024 The agency is responding to complaints that the banks don’t do enough to stop illicit transfers and especially scams, which …
https://www.youtube.com/watch?v=Ri1gkQNjk3g The banking industry has changed significantly in recent years, affecting how we interact with financial institutions. The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate. This leaves many …
Why did the carry trade trap spring shut? Brandon Smith of alt-market.com explains why central banks typically coordinate their moves in secret – and what happens when they don’t… From Brandon Smith In 2022 there was considerable debate among alternative economists what the Federal Reserve was likely to do in the face of rising stagflation. There …
by RhinoInsight After sending out the Insider Report for June today, I noticed that Buffett has been steadily buying shares of Occidental Petroleum Corporation (OXY) for months, an US based company, specialized in the exploration and production of oil and gas. Just in June, he acquired shares worth nearly USD 500 million. This isn’t the first time he’s bought …
Interesting video from The Wall Street Journal on co-branded credit cards. “From Apple and Goldman Sachs to Bilt and Wells Fargo, high-profile credit card partnership missteps reveal how risky these deals between brands and banks can be. Almost 30% of adults own co-branded credit cards as customers can earn different rewards like discounts or free …
Worries about the economy and a seemingly slow-footed response from the Fed, along with concerns over corporate earnings, dragged markets Monday. Put that against the backdrop of a stock market with high valuation, and it had all the makings of a sell-off waiting to happen. “It’s just a perfect storm of slowing growth, crowded positioning …
"Recession Triggered" The Everything Bubble pops as jobs collapse and the dreaded Sahm Rule triggers. Japan's implosion is icing on the cake. Morgan and Citi are now predicting a full point of rate cuts in the next 2 meetings — that qualifies as panic in Central Banking.… pic.twitter.com/pPHTDXMDMz — Peter St Onge, Ph.D. (@profstonge) August …
12 year old Canadian girl exposes the banks byu/HORROR_VIBE_OFFICIAL ininterestingasfuck Here’s an alternative clip https://www.youtube.com/watch?v=wz-PtEJEaqY
https://www.youtube.com/watch?v=4-ro9iJPJ3k The U.S. banking sector is currently facing challenges as it deals with a significant surge in delinquency rates, leading to mounting losses. Recent reports have revealed a shocking 23% increase in delinquencies, causing concern for both banks and borrowers nationwide. This sharp rise in borrowers falling behind on their payments has increased bank losses, …
In today’s financially uncertain times, the role of regulatory bodies in ensuring the stability of our banking system is more important than ever. The Federal Reserve, charged with this significant responsibility, conducts annual stress tests on major banks to assess their ability to withstand economic downturns. These tests are specifically designed to mimic adverse scenarios …
The global financial situation is heading towards another crisis, similar to the 2008 recession that affected economies worldwide. This time, the problem is even more serious and has disastrous consequences. The banking industry is facing a crisis with over $520 billion in losses, which has led to significant instability. The Banking Crisis You Need to …
