Insane price targets are back...Tesla shares are sliding...Is the market's newest mini-bubble bursting?Shares of First Republic Bank (FRC) cracked early last week after management revealed the bank had lost half its deposits during the first quarter.Oops!To be fair, the stock had already plummeted as much as 90% in March during the crisis sparked by the Silicon Valley Bank debacle. But the earning...Read More
Peak Prosperity, Released on 5/2/23Dive into the latest bank failure and bailout scenario to understand its implications on the financial system and economy. In this video, we'll analyze the causes of the crisis, the government's response, and what this could mean for the future of our economy. Join us as we explore the intricate world of finance, banking, and economic policies, and stay informed...Read More
Arcadia Economics, Released on 5/2/23On Monday, we saw the latest bank failure during the Federal Reserve's current interest rate hiking program, with First Republic Bank being taken over by JP Morgan. Which is the latest evidence that the issues in the banking system are not resolved, especially as the Fed gets set for another interest rate hike on Wednesday. So in this week's physical silver mar...Read More
John Rubino's Substack, Released on 5/2/23Way back in the late 1990s, as the dot-com bubble was in its blow-off phase, a well-known short seller named Continue... Rubino: Crash Alert: This Market Has Really Bad Breadth added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 5/2/23Rising rates and falling asset values have caused major bank failures, including the failure of First Republic Bank last weekend. What we are seeing is a credit contraction, says former bank director Alasdair Macleod. He expects the banking crisis to accelerate. Even some bullion banks could fail, he notes. Under that scenario, "the authorities...will probabl...Read More
Libs of TikTok, Released on 5/2/23Just a typical day in California pic.twitter.com/8apXXV8oll- Libs of TikTok (@libsoftiktok) May 2, 2023 Just a typical day in California... added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
The Washington Free Beacon, Released on 5/2/23Federal agencies such as the Internal Revenue Service and the Environmental Protection Agency have Continue... IRS and EPA spend billions on guns and ammo added by Herman James on 05/03/2023View all posts by Herman James ?+'Read More
Michael Ballanger of GGM Advisory Inc. shares his weekly public advisory with Streetwise Reports, reviewing the current state of the stock market, the gold sector, and a few companies he believes should be on your radar.It should come as no surprise to anyone that the big news item this week is that handlers for the 80-year-old U.S. President Joe Biden have been passing him "cheat sheets" with det...Read More
Tavi Costa - Twitter, Released on 5/2/23There is a reason why gold is the only macro asset on the planet now on the verge of breaking out to record levels.Thanks again for having me @cvpayne Always enjoy being on your show. pic.twitter.com/PCBK6z2dPG- Otavio (Tavi) Costa (@TaviCosta) May 2, 2023 Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013....Read More
Daily Reckoning, Released on 5/2/23It was the second-largest bank failure in U.S. history. It was also the third bank failure in just six weeks, Continue... Rickards: Another Zombie Bites the Dust added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
Another one bites the dust...First Republic Bank closed yesterday, with the majority of its operations sold to JPMorgan Chase at fire-sale prices.It was the second-largest bank failure in U.S. history. It was also the third bank failure in just six weeks, following Silicon Valley Bank (SVB) and Signature Bank.First Republic's failure isn't surprising. First Republic has been a zombie for a while....Read More
The Cradle (via Zero Hedge), Released on 5/2/23Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations as Continue... Five Arab States Plus Iran Among 19 Nations Ready To Join BRICS added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
The Telegraph (via MSN), Released on 5/2/23he twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in Continue... Half of America's banks are potentially insolvent - this is how a credit crunch begins added by Herman James on 05/03/2023View all posts by Herman James ?+'Read More
Zero Hedge, Released on 5/2/23And despite the Biden admin claiming that FRC was just another 'outlier' business model, PacWest, Western Alliance, and Zions (among others) are in a freefall...Continue... S**t Just Hit The Fan Across Markets, Regional Banks Crashing added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
Zero Hedge, Released on 5/2/23One month ago, to much dismay and widespread denial, Goldman predicted that AI could lead to some 300 million layoffs among highly paid, non-menial workers in the US and Europe. Continue... IBM To Stop Hiring For Roles That Can Be Replaced By AI; Nearly 8,000 Workers To Be Replaced By Automation added by Herman James on 05/02/2023View all posts by Herman James ?+'Read More
Financial Survival Network, Released on 5/2/23Summary: Kerry Lutz and Craig Hemke discuss the effects of central bank digital currency, the importance of real interest rates in driving gold prices, and the lack of interest in mining shares over the past decade. They explain that negative real interest rates are beneficial for gold, and that the Fed is likely to cut rates, which will cause gold pri...Read More
The LaRouche Organization, Released on 5/2/23The takeover of First Republic Bank by regulators was quickly followed by the U.S. government (FDIC) removing the worthless, toxic assets of the bank - at the expense of taxpayers - and handing the cleaned up bank to JP Morgan Chase. This is not the first time Morgan and Chase banks benefited from bailouts, and this does not mean that the banking system...Read More
Gold Silver (w/ Mike Maloney), Released on 5/2/23Join Mike Maloney in today's must-watch update on the banking crisis. Things certainly appear to be speeding up, even though we are being told that the crisis is over. Check out Mike's latest update to the timeline of how this all happened, and the jarring similarities to what happened in 2008. Michael Maloney is a precious metals investment expert...Read More
ITM Trading, Released on 5/2/23What is going on with the recent collapse of First Republic Bank? How you can protect yourself? With JP Morgan buying out their assets, the industry is trying to contain the situation, but the truth is that the fuse is getting smaller and smaller until the entire system implodes or explodes. This isn't just about survival, it's about thriving through the chaos and it...Read More
The David Lin Report, Released on 5/2/23What will the Fed to this year in response to bank failures? Gary Wagner, Editor of TheGoldForecast.com discusses his outlook for stocks, gold, and Fed monetary policy.0:00 - Intro1:51- Banking crisis and Fed3:00 - Fed pivot by June?11:16 - Is banking system safe?18:30 - Debt ceiling21:30 - Gold Gary Wagner has been a technical market analyst for 25 years. A...Read More