Welcome to the St. Patrick’s Day Leprechaun slaughter. Okay, maybe it’s not as bad as the St. Valentine’s Day Massacre of 1929, but the lethal […]
Year: 2023
Prepare for Insanity in the Markets this St. Patrick’s Day
Buckle up ladies and gents. This could be a wild one with options expiration, bank failures and rumors of bank failures, credit contracting, and a […]
The Hyatt Regency in Miami Went F.A.F.O.
Congratulations to the ladies, gents, pronouns and utter idiots in management who work at the Hyatt Regency in Miami, Florida. It’s rare if ever I […]
Did a Russia Su-27 Actually Collide with a US Drone? Maybe not…
Before I get to the inflation report, DeSantis, and all the other news, the big news of the day was this via CBS News and […]
The CPI Reading for Inflation Should Come in Hot Today
I am standing by most of my December 31, 2022 prediction where I stated the following: -The Federal Reserve conducts a shocking 0.50% rate increase […]
More Banks Crashing and Burning in the Pre-Market
I think I’ll just leave this here… Lines were seen outside a First Republic Bank branch in California, with worried customers wanting to withdraw funds […]
Bank Run Monday
Despite the extraordinary actions by the Federal Reserve and FDIC last night, the idea that shareholders and bondholders will be wiped out due to this […]
Oops, Something Else Broke
So steepening the yield curve probably isn’t such a hot idea even if it’s only 12 bps thus far: And the US Treasuries are watching […]
FDIC Sunday?? Signature Bank of NY Closed by Regulators
The State of NY in coordination with the New York Federal Reserve has closed Signature Bank, the once free-wheeling crypto bank. From CNBC: Regulators close […]
Is the Silicon Valley Bank Bailout Happening now?
Apparently, the chicken has spoken: Never doubt the chicken. In reality there are some hints that something is happening: CNBC reports the following a little […]
The Media Reaction to Silicon Valley Bank is a Sight to Behold
The headlines from the “financial” media were screaming loud and hot yesterday creating the type of panic and hyperbole unseen since the latter days of […]
It’s Going to be One of “Those” Sundays
After an initial scan of the news and seeing how Middle East markets are pretty much crapping the bed except for gold, I broke out […]
Does 2008 Provide Hopium After the Silicon Valley Bank Debacle?
I’ll just leave this here Saturday night for everyone to think about. Because the markets, economy, and reality has changed dramatically and even the insanity […]