By the way, who is this Hartnett guy on Zhedge frequently, "predicting" or foretelling the foreboding coming economic realities?
Financial crash thread (2022-2024)
- Thread starter Galaxy_Traveler
- Start date
This has aged well....Infinite Cash means nothing has value.
You might be wondering what happened to Dark Brandon.
www.wsj.com
Corporate Bankruptcies Rise as Lofty Interest Rates, Inflation Sap Businesses
Chapter 11 filings in the first two months of 2023 were up 76% over the same period last year, data show.
www.wsj.com
More live footage of Yellen and the fed decision making about the failing banks
Fed raising next week? If so, big decline, or are we going to have the clown world still hanging on to the dream of the soft landing - which already has been crash landing, but no one seems to act like it ... yet.
(((CrossRiverBank))) PPP originator you've probably never heard of....
threadreaderapp.com
Thread by @Cryptadamist on Thread Reader App
@Cryptadamist: 1/Ω A few things about @crossriverbank, a tiny #a16z funded lender that originated more #PPP loans for "small businesses" than anyone besides Chase, BofA, and Wells Fargo, mostly for people who were ...…
threadreaderapp.com
Fed is providing direct lines to USD for offshore banks. Used heavily in 08 and Covid prop-up.
www.axios.com
Those with shorts in are also getting USD after Monday opening.
Total bailout package for Credit Suisse could be towards 20% of Swiss GDP.
NY Fed's recession indicator highest ever.
Global central banks announce joint action to combat crisis
Dollar swap lines were also used extensively in 2008 and 2020 to keep dollars flowing.
www.axios.com
Those with shorts in are also getting USD after Monday opening.
Total bailout package for Credit Suisse could be towards 20% of Swiss GDP.
NY Fed's recession indicator highest ever.
Last edited:
Coordinated central bank action to enhance the provision of U.S. dollar liquidity
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a
www.federalreserve.gov
The worst part about it is that most of them refuse to admit any mistakes made on their part, and think their cushy lives were a result of their own hard work "pulling themselves up by their bootstraps".
Coincidentally a good friend of mine who has been very very successful financially and who is one of the sharpest intellects I know sent me a copy of this which I received yesterday.
Here is the Intro on Amazon
It already resonates with a lot of the discourse we have been having here for a while. (Edit: Namely the end of globalization and a return to regionalization )
Looking forward to reading it
Zohan makes good points but I suspect that he's a WEF operative in sheep's clothing. Check his YT channel and you see him shill hard for Zelensky's Ukraine and how Putin is on his last leg.
I don't get that. Even TL addressed the whole "JP isn't doing it for moral reasons", he's doing it to return normal banking to the US, regionally. What, by crashing all the regional banks so they make instant accounts with 3 top behemoths, like JP Morgan, BofA, etc? I don't understand his point, it doesn't make sense.
I've listened to Tom a few times and believe he's spot on about the Fed going up against the ECB and other central banks. In fact he was among the first to point out that the Fed would continue to tighten.
However he's a little bit all over the place, which is quite apparent by his speech pattern. Take everything he says seriously but with a grain of salt. He has a tendency to grandstand by making hyperbolic claims.