By Cristina Laila Credit Suisse shares tumbled by as much as 30% to a new record low on Wednesday after Saudis pulled funding. Trading in the Swiss banking giant’s stock was halted several times on Wednesday. […]
by Michael Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it […]
BY TYLER DURDEN TUESDAY, MAR 14, 2023 – 07:20 AM Over the weekend, amid populist howls of outrage that a bailout of SVB would promote moral hazard (in the end depositors did get bailed out […]
“As for the evil: It lurks in the interstices of our bureaucratic institutions, which, as they have grown in size and complexity since the nineteenth century, behave in ways that are increasingly impossible to understand […]
by Mac Slavo Hedge-fund manager and billionaire Bill Ackman predicted that an economic meltdown is on its way Monday after Friday’s collapse of Silicon Valley Bank. The billionaire predicted that uninsured bank customers would rush to withdraw […]
by Michael The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest […]
Guest Post by Mark Crispin Miller Once the economy has melted down, CBDC’s will be proffered as the ONLY way we can get “back to normal”—a “cure” that will turn out to be as catastrophic, in […]
Editor’s Update: California state regulators shut down Silicon Valley Bank during market hours on Friday, creating mayhem in the stock market’s banking sector. The Federal Deposit Insurance Corporation (FDIC) has been appointed the receiver at the […]
March 12, 2023 by Michael What in the world just happened? On Friday, Silicon Valley Bank collapsed and was taken over by regulators, and then on Sunday regulators swooped in and shut down New York’s Signature Bank. In […]
Jeff Deist “Governments create money all the time. We do that for war.” “This whole notion that you run government like you run a household…is a complete myth” Economist Prof Mariana Mazzucato tells #Newsnight Government’s […]
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