Wolf Street, Released on 3/21/23This was the first year-over-year decline since February 2012, when the market emerged from Housing Bust 1Continue... Wolf Richter: Home Prices Drop Year-over-Year for First Time since Housing Bust 1 added by Herman James on 03/22/2023View all posts by Herman James ?+'Read More
Trends Journal, Released on 3/21/23Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rig...Read More
The Rutherford Institute, Released on 3/21/23It is easy to be distracted right now by the bread and circus politics that have dominated the news headlines lately, but don't be distracted.Continue... Circus Politics Are Intended to Distract Us. Don't Be Distracted added by Herman James on 03/24/2023View all posts by Herman James ?+'Read More
Daily Caller, Released on 3/21/23"Similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion," she said."Treasury is committed to ensuring the ongoing health and competitiveness of our vibrant community and regional banking institutions," Continue... Janet Yellen Says More Bank Bailouts Are On The Way added by Herman James on 03/22/2023View all p...Read More
Daily Reckoning, Released on 3/21/23You've heard about the recent incident in which two Russian fighter jets buzzed a U.S. drone (the MQ-9 Reaper) over the Black Sea near Russian Crimea.Continue... Rickards: Pentagon Lied About the Drone added by Herman James on 03/22/2023View all posts by Herman James ?+'Read More
Investors are obsessed with this bear market.Everyone wants to know when it will officially end and when they can go back to blindly buying stocks. They're distracted by every possible piece of bearish news. Once-ignored economic numbers are now the focus of tedious news reports, leading to wild intraday price action as traders jockey for position.Throw a fresh bank crisis in the mix, and we're le...Read More
LONDON, 21 March 2023 - Comment from BullionVault is quoted in today's Daily Mail, the UK's best-selling newspaper on public circulation data, after the gold price in British Pounds set a new all-time high.Amid the crash in major banking shares SBV and Credit Suisse so far this month, "The deep liquidity in gold, added to the security of outright ownership, is driving this jump in demand," says B...Read More
Liberty and Finance, Released on 3/21/23Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintai...Read More
LONDON, 21 March 2023 - The surge in new account openings at BullionVault amid this month's banking jitters is featured today in the latest market update from WealthBriefing Asia, the professional investment magazine for Hong Kong and Singapore money managers.Read the full story at WealthBriefing Asia here:Investors Digest Credit Suisse Deal; UBS Shares Recover Read More
Newsmax, Released on 3/21/23Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York...Read More
Bloomberg (via MSN), Released on 3/20/23Just days before Signature Bank's historic collapse, the House Republican overseeing an inquiry into the bank's failure was inside its boardroom on New York's Fifth Avenue.Continue... Signature Bank Threw a Fundraiser for the Congressman Now Probing How It Failed added by Herman James on 03/20/2023View all posts by Herman James ?+'Read More
Mish Talk, Released on 3/20/23The WSJ wants to send long-range missiles to Ukraine, Lindsey Graham discusses WWIII, and Republicans want defense spending to rise 5 percent more than inflation.Continue... Mish Shedlock: Deficit Hawk Hypocrites and Warmongers Unite, Apparently Hoping to Start WWIII added by Herman James on 03/20/2023View all posts by Herman James ?+'Read More
Institute for Peace and Prosperity, Released on 3/20/23The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB's collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on the edge of collapse until Bank of America, Citigroup, and other big banks agr...Read More
Wall St. For Main St., Released on 3/20/23During this 20+ minute interview, Ted talks about how many US banks will be writing off losses on US Treasury bonds because of Fed rate hikes and how more pain for the banks is coming because of a large US commercial real estate bust. Ted says how some smaller banks have up to ~70% of their profits and loan books tied to US commercial real estate. A Thesis...Read More
The biggest mistake any analyst or investor can make right now is to believe that the banking crisis is over.Veterans of such crises (and I include myself in that category) know that once the dominoes start falling, they keep falling until some government intervention of a particularly draconian kind is imposed.We've seen some significant regulatory actions from the Federal Reserve, the Federal De...Read More
George Gammon - Twitter, Released on 3/20/23How to use public fear during a banking crisis to implement a CBDC in 3 simple, fast steps. Step 1 - increase FDICStep 2 - explicitly insure all depositsStep 3 - move deposit liabilities to Feds balance sheetNarrative: We'll never have to worry about a bank run again. pic.twitter.com/Sde1mBahwb- George Gammon (@GeorgeGammon) March 20, 2023 George Edward...Read More
CNBC, Released on 3/20/23Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Fed needs to 'call a timeout' and stop hiking rates, says Peter Boockvar added by Herman James on 03/19/2023View all posts by Herman James ?+'Read More
The Deep Dive, Released on 3/20/23The Daily Dive opens this week with regular guest Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us today to give us his insights on the Fed and inflation, diving into the Fed's balance sheet holdings versus the bond market's performance, and the impact of US banking stress. We also talk about his read on oil prices, commodities in the Bra...Read More
The Daily Gold, Released on 3/20/23Gold closed last week at $1974. The key resistance level for Gold on a daily and weekly basis is $1950 to $1985. There is also monthly and quarterly resistance at $1953. A weekly close above $1985 would mark the second highest weekly close ever. If Gold could make that weekly close then it would retest the all-time high within days. Silver closed last week up 10%...Read More
Rich Dad Radio Show, Released on 3/20/23Watch part 2 of a very important discussion with Andy Schectman of Miles Franklin, and find out what Mexico joining BRICS means for the future of the new global reserve currency. Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies - Brazil, Russia, India, China, and South...Read More