Recession
Watchman Expects Many Bank Failures: Accredited Weiss Research Predicts That 5,274 U.S. Banks Will Fail
BanksterCrime: “The underlying financial weaknesses in the U.S. banking industry are widespread, and the FDIC’s newly expanded guarantee of all deposits does nothing to protect shareholders in bank holding companies, who could still lose most or all of their money,” the group said. Weiss Research Inc., one of the most accredited and well-respected independent rating…
Moody’s Cuts Credit Ratings on 10 Banks; Places 4 of the 15 Largest Banks in U.S. on Review for Possible Downgrade
BanksterCrime: Brace yourself for some tremors in the stock prices of banks today — especially those that have counterparty risk to the biggest U.S. banks. In a move that sent Dow futures on a steady downward plunge beginning at 5 a.m. EDT this morning (clocking in at down 268 points by 8:14 a.m.), last evening the…
Market AGAIN More Precariously Euphoric Than Any Time in History
The sudden hope of multiple vaccines appears to have inoculated the market against an epidemic of bad news that would normally drive markets down. First, the most stridently contested (and possibly corrupt) election any of us has ever witnessed is the kind of uncertainty markets usually run from. The presumptive victory of the candidate who…