Glitch McConnell New Record: 30 second freeze!!

by Chris Black US. Senate Minority leader Mitch McConnell freezes again while speaking at a press conference. U.S. Senate Minority leader Mitch McConnell freezes again while speaking at a press conference pic.twitter.com/NyPIWytNeJ — BNO News (@BNONews) August 30, 2023 Bro …

READ MORE

Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports, which cited insiders at the bank.

by Dismal-Jellyfish Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at …

READ MORE

UK: If a second financial crisis broke today, we could not put the public balance sheet behind our banking system without expecting a run on the pound.

We cannot live with a decade of more of the same. Britain is extremely vulnerable to any mishap – a crack in the housing market, a crisis in the financial markets, another energy crisis. https://www.theguardian.com/commentisfree/2023/aug/13/uk-stop-kidding-ourselves-rich-nation-gone-bust  

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. Username Password Remember Me …

READ MORE

Second poll shows Chris Christie leading DeSantis…

New Hampshire 2024: Trump holds 40-point lead for Republican Nomination Trump — 49% (+40)Christie — 9%DeSantis — 8%Scott — 6%Burgum — 4%Haley — 4%Ramaswamy — 3%Johnson — 2%Pence — 1%Hurd — 1% Emerson (A-) | RVs | 08/09-11https://t.co/w43LyS2AwD pic.twitter.com/nPiu72invS — …

READ MORE

U.S. Bank lending on the decline! Commercial and Industrial loans slide for two weeks straight. Meanwhile, GDP up 2.4% last quarter? Is it sustainable growth or fueled by mounting debt? #Economy #BankLending #GDP #Debt”

by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and …

READ MORE

Institutions to dump tech stocks in second half after best first half in 40 years. Hedge funds shift to bearish dollar bet, flipping 20,091 contracts to short

Retail gamblers are trapped. After the best first half for Tech stocks in 40 years, institutions are dumping Tech stocks in the second half.https://t.co/It9OGJH69b Retail gamblers are trapped. pic.twitter.com/9ApQOQSKeP — Mac10 (@SuburbanDrone) July 10, 2023 Microsoft has been the most …

READ MORE

DAVID HAGGITH: Fed talks “catastrophe.” JPMorgan talks “second wave” of banking collapses. History says the Fed NEVER makes it past the present depth of tightening — not ever!

via thedailydoom: San Francisco skyline | Photo by Patrick Perkins on Unsplash In the past, I’ve called this event the “Epocalypse” because it will be epic in scale and will eventually be seen as a new epoch in humanity’s economic history that will be apocalyptic in its level of …

READ MORE

Fed Inferno! US M2 Money-Supply Growth Falls To Depression-Era Levels For Second Month In April (As M2 Money Velocity Remains Near Historic Lows)

by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years.  April’s drop …

READ MORE