Independent thinking for complex markets and current events
Russia’s summer offensive in Donetsk just punched a hole through Ukraine’s mineral strategy. In late June 2025, Russian forces seized the Shevchenko lithium deposit, a 40-hectare site near the village of the same name. That patch of ground holds one of Europe’s richest spodumene concentrations, with ore containing up to 90% lithium-bearing mineral. The deposit …
Meanwhile, in Japan………🇯🇵 pic.twitter.com/8MSA3iIWOX — The Great Martis (@great_martis) June 25, 2025 I’d love to know so badly which financial institution is in such a poor shape they cannot find 21m EUR anywhere else but with the ECB https://t.co/viqhwXStOE — JustDario 🏊♂️ (@DarioCpx) June 25, 2025 ⚠️FED NEWS: DISCOUNT WINDOW • The Federal Reserve has …
Dollars under the mattress: In Argentina, keeping savings outside the national banking system − whether hidden at home, in private vault companies, or abroad − and in US dollars is a deeply rooted habit. It stems from a long-standing mistrust of the peso’s value and from trauma that dates to the 2001 financial crisis, when …
A recent discovery has drawn attention to a deposit containing about 1,000 metric tons (1,100 US tons) of high-quality gold ore. If ultimately proven true, this massive find would make it the largest gold deposit on Earth The news has turned heads around the world, considering that such a find could influence global markets, local economies, …
China believes it has found the world’s biggest gold deposit, with reserves estimated to be worth more than $80 billion. Chinese state media said that a gold ore deposit site with supposed reserves of more than 1,000 tonnes at a depth of 2,000 meters had been located in the Wangu goldfield in Pingjiang County in …
Imagine how much higher interest expense pushes debt if the Fed can't keep long term interest rates at current yields or lower. pic.twitter.com/sIT53e4n5e — David Sommers (@dgsommersmkts) November 5, 2024 I have seen more than my fair share of financial crises during my time in the U.S. government. I was the assistant secretary of the …
By Martin Armstrong I have said numerous times that your personal belongings are at risk in safety deposit boxes. The Fourth Amendment was intended to protect Americans from illegal search and seizures, but as we have seen in recent years, the government does not respect the Constitution or our freedoms. Governments will become increasingly tyrannical …
https://www.youtube.com/watch?v=-4VTF9_Vnm4 The global economy relies heavily on the banking sector, which is currently facing significant challenges. Recent events have sent shockwaves in financial markets and raised doubts about the stability of our banking system. Statements by Treasury Secretary Janet Yellen have sparked much debate and concern, especially regarding the security of bank assets and the …
THE FBI OVERSTEPPED its constitutional authority when agents searched hundreds of safe deposit boxes without warrants in 2021, a federal appeals court ruled. The court compared the FBI’s tactics to the kind of indiscriminate searches that led to the enactment of the Bill of Rights in the first place. In March 2021, the FBI raided U.S. …
The FBI’s seizure of contents from safe deposit boxes during a raid on a Beverly Hills vault in 2021 violated the U.S. Constitution, a federal appeals court ruled on Jan. 23. Agents raided U.S. Private Vaults, a business that allowed people to rent safe deposit boxes anonymously, based on the belief that criminals were using …
via oilprice: Chile’s SQM has announced that it has suspended operations at the Atacama salt flat due to widespread protests by an indigenous community. Local groups have taken to the streets demanding to be included in talks between SQM and the government. Some Indigenous leaders are open to supporting lithium extraction at a fair price. Chile’s lithium …
The survey shows that 70% of Chinese will continue to save and 30% will take action, involving $5 trillion. Source: Bank of China.Now all Chinese are discussing what to do with deposits. 🇨🇳 #China’s 30-Year Yield Hits Lowest Since ‘05 on Deposit Rate Cuts – Bloomberghttps://t.co/FczKh5NYHqhttps://t.co/XUm8CDdEw3 pic.twitter.com/Mfk2LDwOdm — Christophe Barraud🛢🐳 (@C_Barraud) December 22, 2023 h/t …
2/4Lower deposit rates may be justified, given low and negative inflation, but their impact on Chinese consumption is complex. On the one hand, they may encourage Chinese households to save less out of current income, although this depends on their saving targets. — Michael Pettis (@michaelxpettis) December 22, 2023 4/4The best way to redirect demand …
JPMorgan Chase’s handling of Lois White’s account, freezing it over a government check deposit, raises serious concerns about the bank’s customer service and accountability. The abrupt termination of her account, despite providing proof and documentation, underscores potential flaws in Chase’s verification processes. The incident not only leaves White financially stranded but also highlights the broader …
by confoundedinterest17 The song “Running on Empty” by Jackson Browne comes to mind when analyzing the state of American banking, especially regional banks. Yesterday we found out that inflows to money-market funds continue to be huge ($290BN in six weeks), and more importantly, regional banks’ usage of The Fed’s BTFP bailout facility surged to a new record high (even …
“Customers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue…surge of “outages” reported by banking customers Fri morning, incl Bank of America, Chase, Truist, U.S. Bank…” via @CNBC “Customers at several big banks on Fri wrestled with direct deposit delays stemming from an industry-wide processing issue…surge of …
Morgan Stanley’s stock takes a significant dive, while Bank of America sees a decline in deposits, albeit slower than JPMorgan Chase, amid increasing competition for deposits. The U.S. commercial property sector is experiencing its highest distress level in a decade, with significant debt and defaults among major players, hinting at an impending reckoning as substantial …
Interest rates on bank deposits are reaching rock bottom, with major banks offering meager rates like Wells Fargo at 0.15%, Citibank at 0.05%, Chase, Bank of America, and US Bank all hovering at a mere 0.01%. In contrast, alternatives to traditional bank deposits are offering significantly higher returns, with Certificates of Deposit (CDs) topping the …
Geologists have uncovered what they believe could be the world’s largest lithium deposit inside an ancient supervolcano along the Nevada-Oregon border in the US. Clay containing up to 40 million metric tons of the precious metal was identified throughout the 28-mile-long McDermitt Caldera – nearly double what has been found in Bolivia’s salt flats that …
Speaking of under-funded banks, Schwab just announced they are cutting jobs AND raising debt. https://t.co/Bd8grqcl0J Market not happy as exploding money market yields pressure banks to raise deposit rates or face mass exodus. pic.twitter.com/ugidUJHuIW — Mac10 (@SuburbanDrone) August 22, 2023 Financial stocks are dropping, moar BTFP liquidity is needed — Alessio (@AlessioTMAD) August 22, 2023
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …
by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) continue to suffer. The Bank Term Funding Program (1 of 2) is skyrocketing as The …
by Dismal-Jellyfish It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DPSACBW027SBOG, March …