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2023-03-28 15:37:21 More Bank Failures Expected in the US Following Interest Rate Hike and Unsettled Banking Crisis

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth asserts that the banking industry is facing problems that “nobody wants to call a banking crisis.”

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2023-03-28 15:34:55 Market Strategist Discusses 'Super Bubbles' Bursting — Warns of 'Outrageously Consequential, Painful Effects'

Market strategist Jeremy Grantham, co-founder of asset management firm GMO, has warned of “super bubbles” bursting. He explained that the Federal Reserve has “created an environment conducive to a chain-linked series of super bubbles that break with outrageously consequential, painful effects.”

The trouble with this bubble is it’s an everything bubble. We have bubbled the important and dangerous housing market to record prices. We bubbled the bond market to levels that had never been seen in the history of man with the lowest rates ever recorded.

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2023-03-27 20:54:39 Warning of Hard Landing — 'Economy is Going to Implode'

Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, has warned that the U.S. economy is going to implode, emphasizing that interest rates have to fall. He further stressed that the economy “will have a hard landing.”

The bond market is telling you what’s going to happen. The bond market is right. Interest rates have to fall. The economy is going to implode.

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2023-03-27 14:15:13 A Look at the Fed's Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there appears to be a need for such a bank after the collapse of three major U.S. banks, the Federal Reserve stated that board members have “heightened concerns” about institutions with plans to focus solely on a narrow sector.

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2023-03-26 16:29:28 Social Media is Making You Stupid, but You can Fix It

Social media, we all know, can make you unproductive. If you’re indiscreet or offensive, it can complicate your relationships. But can it also make you downright dumb?

In fact, social networking could be making you dumber by supplying answers and insights without requiring any actual thinking, so that your analytic powers begin to waste away like an unused muscle.

Social media is a double-edged sword.

Don’t be dumb. Use your time (and social media) wisely.

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2023-03-19 18:59:52 Banking Crisis Puts the Fed and the BoE in Focus

Economic indicators, banking-sector-related news, and Fed and BoE monetary policy decisions will be the focal points for investors in the week ahead.

It’s a busy week ahead on the economic calendar, with economic indicators, the Fed, and the Bank of England in focus. Following reports of UBS AG (UBS) entering into talks to acquire Credit Suisse Group (CS), banking sector-related news will also draw plenty of interest.

A 25-basis point interest rate hike would place the focus on the FOMC projections, rate statement, and Fed Chair Powell press conference. The Fed may talk about pausing rate hikes to assess banking sector contagion risk and could even signal a rate cut later in the year.

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2023-03-19 15:37:33 Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes

The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending to shore up their balance sheets, and we’re likely to see stricter capital standards for banks,” he added.

As inflation remains elevated, the Federal Reserve will stay focused on fighting inflation and continue to raise rates. While the financial system is clearly stronger than it was in 2008, the monetary and fiscal tools available to policymakers and regulators to address the current crisis are limited, especially with a divided government in the United States.

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2023-03-19 15:35:44 Analysts Suspect Banking Crisis Triggered 'Resting Bull Market' in Gold, Silver Could Print Much Higher Gains

At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time low, and five major banks have received bailouts. An ounce of fine silver also increased in value, rising more than 12% from $20.01 to $22.59 per ounce this week.

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2023-03-19 15:34:17 Elon Musk Criticizes Federal Reserve's Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal funds rate “immediately.”

Musk said: "The Fed is operating with way too much latency in their data. Rates need to drop immediately."

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2023-03-18 17:51:52 'The market is telling us something very bad is coming', as global banking crisis deepens

Well over a decade on, the fallout from the global financial crisis is continuing.

We now have an international banking crisis.

The potential next phase is a global credit crunch, which could lead to another worldwide financial crisis, but regulators and central banks are pulling out all stops to prevent that from happening.

The ructions began on Friday last week when Silicon Valley Bank was unable to satisfy its customers' demands for deposits. An old-fashioned bank run leading to collapse.

You could sense the anxiety in global financial markets.

Then overnight, the share price of global investment banking giant Credit Suisse crashed, causing panic in the bond market.

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