#Dow currently $39,497USD my forecast $5,000 USD or less that's not a typo. #financialcrash #financialcrisis #StockMarketCrash #bankingcrisis #financialweaponsofmassdestruction
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#BankingCrisis
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The growth of the private equity market is an example of how attempts by authorities to “reform” one area of the financial system does not overcome its inherent contradictions but merely moves them to another area.
#BankingCrisis #FinancialCrisis #Economy
European Central Bank official sounds warning on growth of private credit - World Socialist Web Site
World Socialist Web SiteEuropean Central Bank official sounds warning on growth of private creditPrivate credit institutions in Europe hold more financial assets than banks and other traditional sources of finance.
The rapid rise in lending by banks to shadow banks is causing concern among financial regulators.
In a sign of growing instability, loans to US shadow banks pass $1 trillion - World Socialist Web Site
World Socialist Web SiteIn a sign of growing instability, loans to US shadow banks pass $1 trillionThe rapid rise in lending by banks to shadow banks is causing concern among financial regulators because numerous reports have made clear very little is known of their connections.
Commercial real estate plunges posing major problems for banks - World Socialist Web Site
World Socialist Web SiteCommercial real estate plunges posing major problems for banksWhile it may have eased tensions somewhat, the Fed pivot to lower interest rates has been described as “too late and too temporary, to prevent rising bankruptcies.”
Continued thread
Trust in banks is faltering globally, with recent failures in the U.S. highlighting the risk. People are questioning the safety of their money in traditional banking systems, especially in unstable regions. #BankingCrisis
Interest rates: No cut until 'solid evidence' price rises slowing - Bank boss
Here's my prediction - just as the #Bank held on to near-zero interest rates and #QE way too long after the 2008 #bankingCrisis, so they will hang on to these higher rates too long after the #inflation hump caused by #Putin s war & #toriesOut incompetence has been dealt with
BBC NewsInterest rates: No cut until 'solid evidence' price rises slowing - Bank bossBank of England boss Andrew Bailey comments come as it raises interest rates to 5.25% from 5%.
Scientific American on how #SocialMedia has led to a #BankingCrisis by allowing flash mob bank runs like hit #SVB
"We have entered a new, dangerous era for finance where the centuries-old banking practice of investing in long-term assets backed by short-term deposits is failing. Our money is becoming more liquid, & our banking systems in the U.S. are unprepared for how online information—and misinformation—influences human behavior.
https://www.scientificamerican.com/article/social-media-is-rewriting-the-banking-playbook/
Scientific AmericanSocial Media Is Rewriting the Banking PlaybookOur financial systems need to be overhauled to avoid the kind of social-media-fueled bank run that killed Silicon Valley Bank
Not the full picture - here in the UK #STEM jobs can be & are filled by people from the indian subcontinent on work permits
Current wave of inflation was driven by commodity price increases thanks to #putin starting a war, the after-effects of the #pandemic and the chickens coming home to roost on the over-extended low interest rate/QE period following the 2008 #bankingCrisis
Senate set to make predatory lending illegal
https://libranet.de/display/0b6b25a8-1664-95da-7e54-de0752657793
Senate set to make predatory lending illegal
https://libranet.de/display/0b6b25a8-1264-95d9-298b-734274733294
(#Fed ’s emergency lending) Very Serious People keep saying that there is no #BankingCrisis chart @BloombergTV
Replied in thread
@uspolitics
Oh SNAP! It's great to see #Fetterman back, afflicting the comfortable. And he's rockin' that suit and reading glasses! #NotTooBigToFail #BankingCrisis #BankingReform
#BankingCrisis The tightening of lending standards leads to problems for margins, indicating a further slowdown in #earnings growth later this year, chart @MorganStanley
Varoufakkis always does such a succinct job of explaining the situation.
Yanis Varoufakis on why we should ‘let the banks burn’ | Business and Economy | #AlJazeera #YanisVaroufakis #BankingCrisis
https://www.aljazeera.com/program/upfront/2023/3/31/yanis-varoufakis-on-why-we-should-let-the-banks-burn
Al JazeeraYanis Varoufakis on why we should ‘let the banks burn’
I know this is about a month old news but uhh apparently 186 banks are at risk of failure, putting the entire American banking system at risk again. That ain't good. But hey in Pokemon Blaze Black 2 you don't have to worry about any of that, and also we get to make fun of Bri'ish for still having a king
#pokemon #gaming #twitch #politics #bankingcrisis #coronation
TwitchbolshevikY2K - TwitchI'm not feeling it today so I'm playing Minecraft creative mode (MELEE SEASON SOON)
https://www.huffpost.com/entry/bank-failures-federal-reserve_n_64556744e4b0452cee9d8ae9 #BankingCrisis Let’s Not Play The Blame Game, Say Lawmakers Blamed For Bank Failures
Authors of a 2018 law rolling back bank regulations are oblivious to a damning report from the Federal Reserve.
HuffPostLet’s Not Play The Blame Game, Say Lawmakers Blamed For Bank Failures
U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading
https://www.reuters.com/markets/us/us-bankers-urge-sec-probe-short-sales-reduce-abusive-trading-2023-05-05/
"Help us mr government! we had no problem with #shortsellers when they were targeting legitimate companies like #GameStop, but now it is us banks that are being victimized and somebody needs to do something about this immediately!"
ReutersU.S. bankers urge SEC to probe short sales, reduce 'abusive' tradingThe American Bankers Association on Thursday urged federal regulators to investigate a spate of significant short sales of publicly traded banking equities that it said were "disconnected from the underlying financial realities."