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Banking Crisis, Stage Two
Banking Crisis, Stage Two I’m sure you recall the banking crisis of March to May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in […]
Rickards’ Five 2024 Forecasts
Rickards’ Five 2024 Forecasts I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio. My overall forecast is that 2024 will be more tumultuous and shocking than 2023. That may seem hard to credit. With two major wars going on, an indicted former president and a […]
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking CrisesThe original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to the installation of anticrisis safety structures (one illustration is a novel or enhanced lender of last resort). Alongside a […]
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads The world is in a precarious situation, with the potential for nuclear conflict. Central banks are taking aggressive measures to address decades-high inflation by raising interest rates, which in turn is causing a banking crisis in the Western world. As recession risks surge worldwide and […]
Is a full-blown global banking meltdown in the offing?
Is a full-blown global banking meltdown in the offing? If everything is fine, then why have US banks borrowed $153 billion at a punitive 4.75% against collateral at the discount window, a larger amount than in 2008/9? (Express Illustration) Financial crashes like revolutions are impossible until they are inevitable. They typically proceed in stages. Since […]
A Banking Crisis Looms
General view of the Bank of England, in the financial district known as The City, in London on Aug. 2, 2021. (Alberto Pezzali/AP Photo) A Banking Crisis Looms My columns have turned rather apocalyptic of late, but for a valid reason. Just this week, we got confirmation that our financial system is, again, on the […]
Wells Fargo – Banking Crisis?
Wells Fargo – Banking Crisis? It has begun. Wells Fargo has told all its customers that it is shuttering down ALL personal lines of credit. The bank has made it clear that it is shutting down ALL existing personal lines of credit and it will no longer offer such products. That includes revolving credit lines, which typically […]
Whatever happened to that “imminent” banking crisis?
Whatever happened to that “imminent” banking crisis? In the aftermath of the 2008 financial crisis, many of us in the hedge fund industry expected continuing fallouts from the unresolved imbalances that were papered over with monetary and fiscal stimuli by governments and central banks. These measures failed to address, let alone resolve the systemic causes […]
Hong Kong Riots Reveal A Looming Crisis At The World’s 6th Largest Bank
Hong Kong Riots Reveal A Looming Crisis At The World’s 6th Largest Bank Earlier today, in addition to the chaos surrounding the escalation of the US-China trade and currency war, we also got news which slipped under the radar that the CEO of HSBC, one which with $2.6 trillion in assets is the largest UK bank and […]
The Big Bet Against Italian Banks
The Big Bet Against Italian Banks The eurozone’s third-largest economy, Italy, is marooned in a deep political and economic crisis, with seeming endless problems: an economy that has barely grown in decades, sky-high unemployment rates, ballooning national debt, an inability to form a stable coalition government and, lately, a looming showdown with the EU over […]
The Looming Mortgage Liquidity Crisis
THE LOOMING MORTGAGE LIQUIDITY CRISIS Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with the Trump boom is a banking/financial crisis, except for a few folks at the Brookings Institution, who just released a paper entitled “Liquidity Crisis in the Mortgage Market.” You […]
Will US Companies Repatriating Cash Home Create Banking Crisis Outside USA?
Will US Companies Repatriating Cash Home Create Banking Crisis Outside USA? QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to […]
Lativa Banking Crisis Unfolding on Schedule – Will There Be a European Contagion?
Lativa Banking Crisis Unfolding on Schedule – Will There Be a European Contagion? The Latvian Financial Supervisory Authority is concerned announcing a resolution plan for the crisis bank ABLV that is threatening a contagion risk of further closures of financial institutions in the country with a predominantly foreign customer base. There is a serious […]
Will Italy’s Banking Crisis Spawn a New Frankenbank?
Will Italy’s Banking Crisis Spawn a New Frankenbank? “Operation Overlord.” There are rumors currently doing the rounds that Italy’s banking problems have finally been put to rest. The FTSE Italia All-Share Banks Index has soared about 40% over the last 12 months, about double the advance by the Euro Stoxx Banks Index. Six of the […]
The Coming Banking Crisis & The End of Bailouts
The Coming Banking Crisis & The End of Bailouts Behind the curtain, there is a growing concern about a serious banking crisis beginning once again in Europe. Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TO-BIG-TO-FAIL policies that dominated the […]
