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After 12 straight monthly declines, analysts expected existing home sales to rebound 5.0% MoM in February (after pending- and new-home sales turned up unexpectedly in January - as mortgage rates dipped).
Watch Treasury Secretary Janet Yellen will address bank leaders from across the country at the American Bankers Association's annual Washington Summit (due to start at 1000ET):
ANOTHER Bank Collapse! - NO WONDER WHY! - Meet the Head of Investment!
They are desperately trying to plug one leak in the system after another, but what happens if the entire system suddenly comes crashing down all around them?
Americans are spending too much on their new vehicles, and the average household can no longer afford $1,000 monthly payments. Consequently, a growing number of folks are turning to the secondary market for used cars even though prices are reaccelera
Typically, financial crises, as in the sort that might or actually do impair the banking system, are the result of leveraged speculation. Is this one of those rare instances when this time might actually be different, via rising wealth inequality cre
If you're looking for a killer drinking game, it might be based on taking a swig every time:
If you're looking for a killer drinking game, it might be based on taking a swig every time:
JP Morgan announced that "the Federal Reserve's emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch." Jordan Schachtel wrote that the $2 trillion will come from thin air and
Leave it to the United States Government to lose track of almost three states worth of public land. Only an institution with so little incentive and ability to allocate resources for the betterment of human wellbeing could instantiate such a catastro
If you were to go back in time 120 years, to the dawn of the Age of the Automobile, what you would see is that the automobiles of that age were few and expensive. Most were hand-built, to order (you may recall GM's "Body by Fisher" badges; thes
Another bank just failed....Government is in panic...Will try anything to head off a bank run.
Automakers are currently slashing the prices of their electric vehicles (EVs) – but it's not because the vehicles are getting cheaper to produce and it's definitely not because of growing consumer demand.
It seems like every day "clean energy" and/or "green energy" programs are becoming more controversial in the U.S. as well as worldwide. In fact, earlier this month the Biden administration was accused of prioritizing "climate change" goa
Move over China Joe. Comrade Joe has made his appearance on the national stage, declaring, "That's how capitalism works," a reference to the banking "crisis" he created and his people knew was coming.
On June 14, 2022, Peter Schiff appeared on Ingraham Angle, and he said, "Thanks to the Federal Reserve, everybody has so much debt that we can't afford to pay an interest rate high enough to fight inflation.
Biden Admin. Bank Bailout Effectively "Guaranteed the Entire Deposit Base of the US Financial System"
The disinformation service, Bloomberg, takes the lead. Bloomberg points its finger at Donald Trump and "Trump era deregulation."
Moody's cuts outlook on U.S. banking system to negative, citing 'rapidly deteriorating operating environment'
Pentagon asks for biggest budget EVER at $842 BILLION - and it could soon hit $1 TRILLION: US wants $11B for hypersonic weapons, $29.8B for missile defense systems, 72 jets and $1.5B to defend Guam from China
A pair of Tweets on insider sales and bonuses explains all you need to know. Also a message to Bill Ackman, pleading for a bailout.
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the collapse of the banking system as Silicon Valley Bank is set to be bailed out and The Federal Reserve creates a new organization to stop further bank runs.
There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank).
When banks disappear… and your money with it. In 2020 they took your jobs, your businesses, your freedom of speech and freedom of movement. Now they're coming for your social security, your pension, your house.
Graham Stephan explained that in 2021 and early 2022, Silicon Valley Bank (SVB) took nearly $100 billion and invested it in government backed bonds with a significant portion of it locked away for 3 to 4 years at an interest rate of just 1.79%.
First Republic Bank's stock crashed in premarket trading in New York following a statement issued on Sunday night that sought to ease investor worries about its liquidity situation in the wake of the failures of Silicon Valley Bank and Signature Bank
Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008?
Over the weekend, when parsing through the carnage sweeping the US banking sector, we analyzed which banks are facing the highest deposit-run risk in the aftermath of the SIVB - and now SBNY - failures, and focused on a handful of names who have the
First Republic and Other Smaller US banks are trading down about 64% today. It is down 90% from its 12 month peak.
New fears of banking contagion are triggered by crisis that killed Silicon Valley Bank, as billionaire economist Bill Ackman demands Biden 'guarantee all deposits now' - or else America's economy could melt down
