By now (where in this case “by now” means barely four days after everybody woke
Author: therealheisenberg
McElligott: Deposit Flight ‘Not Solved’
What are the ramifications of the events that shook the US financial system last week
Panic Selling Grips Bank Shares
Bank stocks were under siege Monday, for obvious reasons. On the off chance you haven’t
Investors, Fed Were ‘Lulled To Sleep,’ Mike Wilson Says
“The real story for equity markets is the impact of the Fed’s actions over the
Melees And Suicide Missions
Predictably given the circumstances, Monday was a market and media melee. I imagine every day
Treasury, Fed Backstop SVB, Close Signature, Unveil Emergency Fund
On Sunday evening in the US, Jerome Powell, Janet Yellen and FDIC Chair Martin Gruenberg
Fed To Pause Rate Hikes Amid SVB Drama: Goldman
Last week, US rates underwent a dramatic about-face+ when the second-largest bank failure in the
Warnings, Panic, Shock: SVB Collapse Shakes Nation
“Our sense of the range of institutions under scrutiny is that any issues are finite
Inflation On Collision Course With Bank Drama As Traders Brace
Just as the second-largest bank failure in US history easily overshadowed nonfarm payrolls last week,
Aramco Drills Up Cartoonish $161 Billion Annual Profit
Saudi Aramco made a lot of money in 2022. Last year was a banner year
America May Face Wave Of Bank Runs, Failures Without SVB Backstop
The path forward following the Silicon Valley Bank fiasco looks pretty binary. One of two
Lost At Sea
“There’s nothing there for you. You know that, right?” She was on her second glass
How SVB Failed And What Might Happen Next
“Despite the bank being in sound financial condition prior to March 9, investors and depositors…
Rates On Wild Ride As SVB Drama Downs Hawks
If there was a sliver lining for bulls in this week’s banking sector fireworks, it
Fear Is Contagious
The collapse of Silicon Valley Bank dominated financial media coverage on Friday, overshadowing an update
SVB Shuttered. FDIC Takes Over
Now it’s official. California regulators closed Silicon Valley Bank on Friday, the FDIC said. The
2023 Exodus From US Stock Funds Hits $42 Billion
The exodus from US equity funds is ongoing. Funds focused on US shares shed another
SVB On Brink Of Collapse
The bottom fell out entirely for SVB on Friday, when a planned capital raise reportedly
US Jobs Report Comes Up Favorable For Fed
The US economy added a consensus-topping 311,000 jobs in February, the government said Friday. Economists
In Geopolitical Coup, Xi Brokers Saudi-Iran Diplomatic Truce
In a potentially pivotal development, Saudi Arabia and Iran reached a provisional agreement to resume
Flaming Butterflies
The crisis at Silicon Valley Bank managed to outcompete US payrolls for space above the
‘Stay Calm,’ It’s Just A Bank Run
“Stay calm.” That was Silicon Valley Bank CEO Greg Becker’s exhortation to VCs during a
$2.7 Trillion Stock Rally Hides First US Real Estate Drop Since 2012
Last weekend, I suggested that if push comes to shove in the inflation fight, the
For Entertainment Purposes Only
I suppose I should pretend to have something introspective to say about Joe Biden’s budget,
Inflation ‘Persistent,’ ‘Resilient,’ ‘Broad-Based’
Inflation is persistent. Perhaps you noticed. That’s the thing about inflation: Irrespective of its original,
GM Asks Salaried Employees To Step Out Of The Vehicle
Add GM to the ranks of major US corporations looking to trim headcount. On Thursday,
How Expensive Are US Equities?
US equity valuations are a source of extreme consternation for many investors currently. There are
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