We are drawing similarities between the Battle of the Alamo and our upcoming troubles: debt and defending the republic. Let’s start with what “the Alamo” is. It is a fortress and lasted almost 300 years. It was designed as a church and not as a defensive position against an enemy army, and it is made …
We could finally take a break from the banking crisis. In today’s episode we are covering the latest from the US and Europe, along with Chinese president’s interesting statement: “Changes are coming after 100 years”. Looking Backwards Nationwide strikes in Germany Farming ranch surrounded by floodwater in central California TikTok CEO in front of the …
“A bull market is like sex, it feels best right before it ends.” Warren Buffett After the quarter-point hike from FED this week, it appears that we have come to a crossroad. Are the savers or spenders going to be rewarded? We got a quarter point hike this week, and some rather insightful and sexy …
Turbulence in the banking sector is still dominating the headlines, as well as our episodes. Today we are looking backwards to the latest news around the UBS takeover of troubled Credit Suisse, and also the latest on the First Republic Bank. We are then looking forward to the much-anticipated FED interest rate decision coming out …
First let’s remember the basic bond prices and yields, and then let’s look into what’s next for banks and what we can do as individuals. I am unhappy, I have to talk about my least favorite subject in the world: accounting. The very bane of my existence, however so I will try and keep it …
2nd and 3rd biggest bank failures in the US history happening just in 3 days (SVB and Silvergate)… Many questions surrounding this phenomenal series of events answered here: 1) Is it a bailout? 2) Are the depositors of SVB made whole by taxpayers’ money? 3) Is there contagion risk to Asia and Europe? 4) Will …
We are discussing the hot news about the bank run of Silicon Valley Bank and also touching upon Silvergate and Credit Suisse. “I do not think you can trust bankers to control themselves. They are like heroin addicts.” Charlie Munger, vice chairman of Berkshire Hathaway First, what we had written originally for our March 5 …
Heavy content this week: China: capital restrictions, and Musk’s tweet on Covid origination in Wuhan laboratory Russia: foreign minister Lavrov laughed at the US: selling Taiwan arms worth of $619 million, and one needs to keep an eye on for a potential flooding in California Big theme: an important card Russia and China have: fertilizers …
We are reviewing the $1.7 trillion US government spending bill which is 4000 pages – designed carefully not to be read- ! It was passed in December 2022. We wanted to make sure you don’t quickly forget about it – because it is a gigantic foolish spending with YOUR taxpayer dollars. $153.8 billion on food …
One year of Russia-Ukraine War: Who is working for peace and who for propaganda, hotter than forecast PCE, American Car Center ceasing its operations, naval exercises of South Africa and Russia, elections in Nigeria, and euro area inflation down to 8.6% in January from 9.2% in December. Biden’s Ukraine Visit Hotter than expected PCE American …