CHART: The ‘Net Savings Rate’ is now negative = The 2nd time since 1940s – Not Seen Since Around 2008 Financial Crisis
Anyone Starting to see a theme here? Interesting to see that the #NetSavingsRate is now negative. Other than during the #GFC, [...]
Chart: Bank credit is contracting for the 2nd time since 1974 – Not Seen Since Around 2008 Financial Crisis
Bank credit is contracting for only the 2nd time since 1974The last time was around the Financial Crisis periodBuckle up pic.twitter.com/6Bqo9Z8Jyn— Game of [...]
Chart: 270 tonnes of Gold taken OFF the Shanghai Gold Exchange last Month = the 2nd highest withdrawal on record
And it appears the appetite is growing quickly, especially among the YOUNGER Chinese people as shown in this video: https://www.youtube.com/watch?v=qYsKqtQOgQo&t=168s
NOW - UN chief: "Our world is entering an age of chaos." pic.twitter.com/Y5XTllyuUS— Disclose.tv (@disclosetv) February 7, 2024
BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, crashes another 25% today.The stock is now down [...]
Note: Chinese New Year Starts This Saturday (Feb 10th) China... wooof... its stock market is imploding, especially small cap with CSI 1000 plummeting [...]
Yesterday it was NYCB that grabbed the headlines and spoiled Powell's day. As we detailed here (and here), the banking crisis never went away and it now appears the rest of the market realizes that too as Regional Bank shares are extending their losses significantly today... This morning saw the US CRE crisis go global as Aozora Bank faced the music on its balance sheet folly.
The European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead to a deposit run, two banking executives with knowledge of the request told Reuters. European regulators have sharpened scrutiny of banks' liquidity after the collapse of Silicon Valley Bank and Credit Suisse in March last year, the people said, requesting anonymity because the discussions are private. Banks can run into financial trouble if clients rush to pull deposits at the same time. In October 2022, a social media post from a journalist saying that a 'major international investment bank is on the brink', led to a run on Credit Suisse, with clients withdrawing more than 100 billion Swiss francs ($116 billion) by the end of the fourth quarter of that year. The speed at which clients yanked deposits has triggered a debate globally on whether, under the current regulation, institutions can withstand sudden liquidity shocks, and whether new rules might be needed.
CHINA BUYING SILVER DIP! Shanghai Exchange Silver Vaults Drained below 1000T for first time since 2020
Alert: The total of silver vaults on SFE fell below 1000T for the first time since 2020. Silver destocking is entering the final [...]