Today was a good day for President Trump and First Lady Melania Trump. They rang the opening bell on NY Stock Exchange while Time Magazine named him Person of the Year…
Gold Drops After Spiking To Record High of $2,130…
… is all too real because suddenly everything that is non printable is soaring, starting with gold, which has exploded as much as $60, spiking to a new all time high of $2,135…
$100B Wiped Off U.S. Banking System in SINGLE DAY…Bloodbath on Wall Street Saw Regional Banks Fall by Nearly 60% and the Big Four Drawn Into SVB’s Collapse Contagion…
More than $100 billion was wiped off US banks’ value today in a bloodbath on Wall Street sparked by the collapse of Silicon Valley Bank…
Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T-Notes Are Losing Money…
The corrupt political backdrop for today’s unprecedented market quagmire feels like a hyperbolic trailer for a low-budget sci-fi thriller: The former president of the only remaining superpower in the world has been charged with “staggering” frauds against banks – the ones he just deregulated as president…
Bonds on Track for Worst Year Since ’49 with No End in Site…
Losses in government bonds at the highest level since 1920s…
DOW Drops Below 30,000, Erasing All Gains Since Biden Took Office…
Market has been on downward trajectory for well over a month…
China Moves to Delist Five State-Owned Companies from the New York Stock Exchange…
This past Friday, five state-owned companies in China announced that they would apply this month to delist their shares from the New York Stock Exchange…
Fed Data Shows a Half Century of Moderate Growth in the Fed’s Balance Sheet through Two World Wars – Then a Seismic Explosion Under Bernanke, Yellen and Powell…
Last month the Federal Reserve Bank of New York released its 2021 annual report from its “Markets Group.” That’s the group that operates a trading floor (complete with speed dials to the trading houses on Wall Street) at the New York Fed, located not far from the New York Stock Exchange, as well as another trading floor on the premises of the Chicago Fed, which is not far from the futures exchanges in Chicago…
U.S. Mega Banks Were Sitting on $6.56 Billion of Chinese Education Stocks That China Just Eviscerated…
According to their latest 13F form filings with the Securities and Exchange Commission, as of March 31, 2021 the U.S. mega banks on Wall Street held a staggering $6.56 billion in three Chinese education stocks that just had their business model put through a shredder by the Chinese Communist Party…
JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives; How Did It Avoid the Archegos Blowup?…
“This raises the serious question as to whether the Senate Banking and House Financial Services Committees should be investigating the gamification of markets or the monetization of the stock market via Wall Street’s ownership of federally insured deposits.”…