Banks in crisis; Mexico's president says they're not to blame for fentanyl; A letter from the Chief Rabbi of Odessa
It seems to me, geopolitics far from being my strong suit, that China is busily eating the USA’s lunch, while we’re arguing about what a woman is.
With this country’s vast amount of energy and natural resources, and a Marshall Plan of sorts to reinvigorate all kinds of manufacturing capabilities could turn this country into a Behemoth power the likes of which the world has never known.
Unfortunately we are governed by the most insane and idiotic people who have ever lived, who are bound and determined due to their insane and utterly irrational belief in things like “Climate Change” on doing the exact opposite of anything that is in this country best interests, including it’s very survival.
"Taken as a whole, the ongoing banking sector crisis now has investors suspecting the Federal Reserve will back off the expected plan of increasing interest rates to hose down inflation as those very rate hikes contributed to the collapse of the small regional banks to begin with."
Yup. The Fed's going to be in a bind before the end of this year. Those of us old to remember the 1970s are having flashbacks. Raising interest rates (even though short rates are still and will probably remain below inflation) is going to break many things, including big bond bets, companies that gorged on cheap borrowing to buy back their shares, private equity, much of the developing world's dollar-based "shadow banking," etc.