BANKING, CONFIDENCE & GOLD
-
EVERYONE not living under a rock somewhere
KNOWS that
BANKING is a game of
CONFIDENCE
As long as there are mass flows of deposits to JPMorgan... BoAmerica
that means lack of confidence is not over and so
PEDDLERS like yellen has more moRE MORE! "work" to do.
dc CB 23:14:34 GMT - 03/18/2023
Jeff Cox
@JeffCoxCNBCcom
_____________________________
Peter Schiff made a great point on Friday:
#Gold is up $65 today and gold stocks are up 6%, yet @CNBC hasn't even mentioned either. It's laughable watching their coverage. The degree of ignorance of investments and basic economics displayed by anchors and quests is amazing. It's hard to imagine a more clueless group.
dc CB 19:30:23 GMT - 03/18/2023
Nationalize the banks?????????
Look Over Here-----rabbit rabbit.....
Ladies and Gentlemen please bring your attention to the Center Ring.
Donald Trump to be 'Arrested' as early as Tuesday
Mtl JP 18:55:28 GMT - 03/18/2023
U.S. Banking System ‘Is Sound,’ Yellen
theory vs rubber meeting road & unchained animal spirits
-
..."Even if only half of uninsured depositors decide to withdraw, almost 190 banks are at a potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk. If uninsured deposit withdrawals cause even small fire sales, substantially more banks are at risk. Overall, these calculations suggest that recent declines in bank asset values very significantly increased the fragility of the US banking system to uninsured depositor runs."
My god! Some people got so much guts gonna take a gun and fire it at the gov't... and then the same gov't gonna fly spy planes to fire missiles at the same people who fired guns at them!.
If they don't like each other then why do we get stuck in the middle! Is that how they collect taxes?
what a joke! what a damned joke!
Caribbean! Rafe... 17:54:34 GMT - 03/18/2023
Just to be clear Bonds are just a colloquial references I use in place of G-Secs, which sometimes are misrepresented (Tuna Bonds), and misunderstood (Noob investors) and sometimes even misheard as carrying undertones not worthy of mention...
Who knows what they gonna think of next...
Prolly, Zebra Bonds, marketing donkeys painted with white stripes!
Caribbean! Rafe... 17:19:35 GMT - 03/18/2023
Mtl JP 18:43 GMT 03/16/2023 - My Profile
The first peice of advice I can give to the retail public is buy government bonds, like that no more stress for the public and moreover much less stress for the central bankers, they need not to table anymore unenforceable legislation as all of the public's money is banked directly with them by way of retail public participation in bond purchases.
I was never able to justify 99% things I wrote here but time and the markets have been proven me right.
Mtl JP 11:47:00 GMT - 03/18/2023
everything is fine, nothing to see, move on
paranoïaques vs paranoïaques:
-
(Bloomberg)
Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
* Discount-window borrowing surged to record $152.85 billion
* New facility usage totaled $11.9 billion in first three days
maybe ... more so today than ever before
jeff cox the water carrier for jerome:
-
* The Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts.
* A rate increase would come just over a week after other regulators rolled out an emergency lending facility to halt a crisis of confidence in the banking industry.
* “This might be one of those times where there’s a difference between what they should do and what I think they will do. They definitely should not tighten policy,” said Mark Zandi, chief economist at Moody’s Analytics.
someone s trying to be cute ...
loading cheaper dlr
Amman wfakhoury 18:59:59 GMT - 03/17/2023
EURO
Sell above 10693 tp 10665
Mtl JP 16:24:38 GMT - 03/17/2023
EURO 1.0660
-
about to test 1.0670 prev top
looking to add to my short possie up to 1.0685
Mtl JP 15:04:48 GMT - 03/17/2023
fed's discount window probably seeing good buziness
Mtl JP 15:00:31 GMT - 03/17/2023
just mozied over to cnbc's page:
-
* Dow drops 400 points as First Republic’s slide rattles Wall Street
* Wall Street rescue: 11 banks pledge First Republic $30 billion in deposits
rofl
Mtl JP 14:33:35 GMT - 03/17/2023
PAR more satisfying would be to uleash own greed and game the scammer's own game ... be able unchain self from macron shackling peasants to work extra 2 years and be to fly to hawaii first class instead
Mtl JP 14:06:24 GMT - 03/17/2023
EURO 1.0640
-
I am biased South
should drip 100-ish pips
PAR 13:49:01 GMT - 03/17/2023
Why SVB and not the other banks?
What is so exceptional about SVB?
Elisabeth Warren please wake up and look for the truth.
Mtl JP 13:26:49 GMT - 03/17/2023
SnP ("risk") closed N of its 200ma yesty
does it mean players getting bushy-tailed about "risk"
and , by implication, DLR negative ?
inflation-fighter jerome is on deck next week and I guessing
players will keep DLR to only shallow dips
Mtl JP 13:11:29 GMT - 03/17/2023
re those 30 billion to First //
"Wall Street analysts say $30 billion lifeline to First Republic should heighten confidence in sector" - cnbc
I wonder what sort of coercion duress they are volontarily depositing money with the dog
swiss frank 12:54:12 GMT - 03/17/2023
A bit underwhelming the Yellen testimony, no?
Mtl JP 12:08:05 GMT - 03/17/2023
New York Post Editorial Board:
Diary of disturbing disinformation and dangerous delusions
Spot the difference:
“During the financial crisis . . . [banks] were bailed out . . . We’re not going to do that again.” — Treasury Secretary Janet Yellen, Sunday
vs.
“[Yellen’s action] fully protects all depositors.” — Treasury, Federal Reserve and FDIC statement, Sunday (hours later)
--------
* Treasury Secretary Janet Yellen told senators that government refunds of uninsured deposits will not be extended to every bank that fails, only those that pose systemic risk to the financial system.
* Yellen has been at the center of an emergency program to refund billions of dollars in uninsured deposits held by clients of the failed Silicon Valley Bank and the shuttered Signature Bank.
* But with markets recovering somewhat, lawmakers were concerned these backstops could become a new norm for big banks, giving “too big to fail” banks an unfair advantage over community lenders.
after yellen's parade
market pulse :
-
(Bloomberg) -- US equity-index futures were steady on Friday and Treasuries gained, capping a tumultuous week for global markets amid lingering concern that the financial turmoil which has roiled bonds and stocks is not over.
cnbc -- Stock futures rise slightly after banks bolster deposits at First Republic
US 10-YR 3.543% -0.04 - 5:45:18 AM EDT
PAR07:47:51 GMT - 03/17/2023
MTL
If indeed $ 74 billion of SVB loans are to buy and carry securities then this will cost the US taxpayer a lot of money.
This also correlates to the story that SVB gaves those very risky loan only if they got warrants in the companies.
hk ab 03:05:35 GMT - 03/17/2023
Kevin//heard that most funds in SVB are owned by the underground Chinese money.
HK Kevin 02:51:06 GMT - 03/17/2023
Why bailout First bailout, and not Silicon Valley Bank at the first beginning?
Mtl JP 21:33:30 GMT - 03/16/2023
either charitable, shameless, ignorant or complicitly biased report
Gretchen - Pulitzer Prize-winning journalist - Morgenson, NBC:
-
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Are you
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.