by Lance Roberts | Mar 14, 2023 | alerts, Markets/Economy, Real Investment Advice
With the collapse of Silicon Valley Bank, questions of potential “bank runs” spread among regional banks. “Bank runs” are problematic in today’s financial system due to fractional reserve banking. Under this system, only a fraction of a bank’s deposits must be...
by Bloomberg.com | Mar 13, 2023 | alerts, Markets/Economy
Two-year bonds see biggest 3-day yield decline since 1995 Investors seek havens after failure of two US regional banks The yield on short-term Canada bonds is falling at the fastest rate in decades, as investors bet the Bank of Canada will cut rates in coming months...
by Politico.com | Mar 10, 2023 | alerts, Markets/Economy
The Federal Deposit Insurance Corp. has transferred the bank’s deposits to a new entity in order to protect consumers. Silicon Valley Bank collapsed on Friday after a run on deposits drove the Northern California institution into insolvency, marking the largest bank...
by Reuters.com | Mar 10, 2023 | alerts, Markets/Economy
LONDON, March 10 (Reuters) – Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year, as soaring short-term interest rates have sent investors rushing into cash, BofA Global Research said on Friday. Money market...
by John Mauldin | Mar 10, 2023 | alerts, Markets/Economy, Mauldin Economics
If a picture is worth a thousand words, this will be the “longest” letter I’ve sent you in a while, as there are quite a few pictures. It may also be the most wide-ranging. Every Wednesday my Over My Shoulder members get a PDF file with some of the week’s most...
by Bloomberg.com | Mar 10, 2023 | alerts, Markets/Economy
One-day mark-to-market profit of $513 million on short bets Stock remains halted after falling 63% in premarket trading SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge:...
