Pacwest Bank is worse than First Republic. Contagion spreading.

via benzinga: PacWest Bancorp shares are trading lower by 28.61% to $14.20 Friday morning. The stock is sharply lower as shares of several regional banks and financial institutions sell off on downward momentum after SVB Financial Group Wednesday announced a $1.25 billion common stock offering. SVB Financial Group was also halted during pre-market trading Friday …

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This is bound for the biggest financial catastrophe…

As long as they can fill in more money they won’t have to take any losses. Ohh wait, what happened to SVB. Translate for Retails… Unrealized gains or losses on investment securities refer to the changes in the value of an investment that have not yet been realized through a sale or disposition of the …

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Silicon Valley Bank has failed. It’s the second largest bank failure in US history. Roughly 95% of Silicon Valley Bank’s deposits were FIDC uninsured.

SVB works with literally like half of all US VC-backed startups, and is similarly popular for their banking services in the UK and wider Europe. If they find they’ve lost any significant portion of their funding then we’re going to see a large wave of western start-ups wiped/ significantly hobbled by SVB collapsing. $42B WITHDRAWN …

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Foreclosure Wave 2.0 is coming. ETA Late 2022.

And it's not just Downpayments. Average Debt to Income Ratios today are comparable to mid-2000s. Meaning that homebuyer incomes, on average, are just as stretched in their ability to afford the mortgage payments. pic.twitter.com/3wIVJvidCS — Nick Gerli (@nickgerli1) August 14, 2022 But on average Mortgage Lending Standards are just as bad by the two most …

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It’s going to be a dark winter …

https://twitter.com/WallStreetSilv/status/1558940610421174272 Switzerland: The country's energy situation is serious and we have requested supplies from Germany and Italy. — The_Real_Fly (@The_Real_Fly) August 14, 2022 United Kingdom annual inflation June, 2020: 0.6% June, 2021: 2.5% June, 2022: 9.4% — The Spectator Index (@spectatorindex) August 14, 2022 Current Western energy policy https://t.co/9UwVIXCnuF — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) …

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