Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything – even crash the market and spark a recession – to do Joe Biden’s “kill inflation” bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end…
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019. And Why Are American Taxpayers Bailing Out Foreign Banks?…
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis…
While JPMorgan Chase Was Getting Trillions of Dollars in Loans at Almost Zero Percent Interest from the Fed, It Was Charging Americans Hit by the Pandemic 17 Percent on Their Credit Cards…
Under just three of the emergency bailout programs offered by the Fed to Wall Street, units of the megabank JPMorgan Chase tapped over $6 trillion in cumulative (term-adjusted) loans from September 17, 2019 through the first quarter of 2020. That figure will definitely go higher as the Fed is releasing the names of the banks and the amounts they borrowed on a quarterly basis for its repo loan program…
Fed Chair Powell Telegraphs the Perfect Storm for Wall Street’s Megabanks: Rapid Rate Hikes Hitting $234 Trillion in Derivatives…
The Federal Reserve (the Fed) is the central bank of the United States. It sets monetary policy, including control of the benchmark short-term interest rate known as the Federal Funds rate, or in Wall Street jargon, the “Fed Funds” rate. This is a key rate because it signals the rate at which overnight loans are made between financial institutions and the direction of interest rates in general…
Netflix Nightmare: Stock Crash Cost Company a Whopping $50 Billion…
The fallout from Netflix’s first-quarter losses continued on Wednesday when the streaming giant’s shares closed down more than 35 percent. According to CNBC, the sharp drop “led to a wave of downgrades from Wall Street on fears over the company’s long-term growth potential,” resulting in a loss of more than $50 billion of its market cap…
Fed’s Interest Rate Hike Has Big Consequences for Your Wallet…
How rising interest rates could impact your wallet…
Faux “DeceptiCons” Republicans Are Meeting at Sea Island Again…
The Sea Island Summit has always been the DeceptiCon gathering of Wall Street elites to cloister themselves and plan a strategy to protect their interests from the base of republican voters…
Carnage Everywhere As Market “Begins To Break”…
There is no other way to describe today’s market carnage than a market in turmoil where things are rapidly breaking as the sudden disappearance of Russia’s “toxic” commodity collateral is suddenly sparking contagion and widespread liquidations…
Pfizer & Moderna Investors Run for the Exits…
Wall Street investors are dumping their Moderna and Pfizer stock faster than the world can drop the mandates. Moderna is down 70 percent from its high, while Pfizer is off 19 percent. Former Blackrock Executive and investment adviser Edward Dowd calls for Moderna to go to zero and Pfizer to end under ten dollars per share…
Text Chats Between Gloating Canadian Cops After Peaceful Freedom Convoy Protesters Were Trampled by Police Horse — Including Grandmother on Mobility Scooter — and Beaten up by Officers…
Police forces in Canada are coming under scrutiny for their excessive violence with peaceful Freedom Convoy protesters in Ottawa…Leaked messages from a police group chat showed cops gloating at the brutality…The officers in the group chat were allegedly celebrating the moment a grandmother who uses a mobility scooter was trampled by mounted police…
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