Treasury Contagion

16 03 2023

US Treasury Secretary Janet Yellen testified on President Biden’s 2024 budget proposal to Congress. . . gets attacked on SVB.

LINK – https://www.youtube.com/watch?v=WVTmS4mM5zk

 

C-Span coverage – https://www.c-span.org/video/?526623-1/treasury-secretary-yellen-tells-lawmakers-our-banking-system-sound

 

 


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Categories : ambient cuttlefish waters

Contagion Monday 📉

13 03 2023

Markets dive while Biden makes short address blaming Trump.

The whole debacle was caused by wild raises in interest rates to plug inflation from Joe’s massive give-away to Ukraine. So he blames “previous administration”.  Re-assures the public failed bank presidents will be fired (not arrested).
Then he fled without answering any questions.

LINK – https://www.youtube.com/watch?v=rJXyRYJBLEE

UPDATES:

LINK – https://www.youtube.com/watch?v=BugZ-zo8nB8

Daily Mail  LIVE BLOG

Credit Suisse shares fall to new record low after collapse of SVB and Signature Bank

America’s $620 billion ticking time bomb: FDIC reveals the extraordinary amount of ‘unrealized losses’ across U.S. banks amid fears more will collapse after the sudden failure of SVB and Signature

 

 


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Categories : Giant Marlin

The new watchword: Contagion

11 03 2023

And we don't mean .

Over the weekend Crypto, Silicon Valley Venture Capitalists, Silicon Valley Bank, Banks associated with Silicon Valley Bank and Silicon Valley implode.
When markets open the world will watch to see if panic rules the day.

LINK –  https://www.youtube.com/watch?v=tbc1ooJWG3I

 

 

SVB plummets 60% after higher interest rates spark billions in losses on a $21 billion bond portfolio

NYPD called to Silicon Valley Bank branch as depositors attempt to pull cash

The Bank Run In Silicon Valley by Portfolio Armor

Silicon Valley Bank failure could spark run on regional banks

Startups and VCs Scramble to Pay Employees After SVB’s Collapse

 

 


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Categories : Uncategorized