These choices do not increase the chances for a near-term crisis, but they do mean that the chances of a catastrophe scenario are up sharply, in the event of a crisis.
Just a handful of recent bank collapses … with the boost given by Janet Yellen’s recent testimony in congress … have spread shockwaves beneath the entire surface of global banking.
We explain why SVB was not an isolated incident and why other banks are also at risk. Is this the start of the Fed pivot and what does it mean for gold?
Well, based upon history and the analysis legacy left to us by Ralph Nelson Elliott, I think it is a strong probability that we will see a long-term bear market in the United States.
It’s a no-win scenario, as I’ve always said the end of the Everything Bubble would be, but you are better off seeing what is coming than running blindfolded or being guided by the blind like the Fed.
In just the last week we’ve seen the second- and third-largest bank failures in US history: Silicon Valley Bank and Signature Bank. Several others look shaky.
The Fed and U.S. Treasury have made to decision to back-stop depositors at U.S. banks – a liability that could potentially hit $2 trillion. More interestingly, there must be...
The tide is turning towards mitigating the damage of the steep rise in interest rates, but will it turn fast enough and when it does, just how close to capsizing will we be?
