Thursday, March 16, 2023

Shenanigans Alert!


 

With the chaos surrounding SVB and the fall then 40% rise in Credit Suisse sending spasms around the global financial markets, I foresee shenanigans ahead.

It is looking likely that $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, and that central banks will call a halt to ever increasing rate rises (save today's ECB rate rise which is expected to be 0.5%).

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