Author Topic: New York regulators close Signature Bank, second US bank failure in days after S  (Read 803 times)

Offline Nowayhaha

  • VIP
  • Enigma
  • *
  • Posts: 6733
  • Reputation: 5000
https://www.channelnewsasia.com/business/signature-bank-new-york-closed-days-after-silicon-valley-bank-shutdown-second-failure-3342166

Offline hk

  • VIP
  • Enigma
  • *
  • Posts: 1384
  • Reputation: 16501
Crypto contagion, its the unwinding of the excesses .

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 36995
  • Reputation: 1074446
Yes - appears like whole of silicon valley bullcrap is getting trimmed - this will affect kenya start ups.
Crypto contagion, its the unwinding of the excesses .

Offline Nowayhaha

  • VIP
  • Enigma
  • *
  • Posts: 6733
  • Reputation: 5000
Direct effects of Ukrainian Crisis .Biden thinks printing more US dollars will be able to avert another 2008 financial crisis.
He will have a rude awakening 2024 summer when the economy will crumble down affecting his chances of getting relected . 
He needs to ask McCain and Bush how they were beaten by a weak Obama.

Yes - appears like whole of silicon valley bullcrap is getting trimmed - this will affect kenya start ups.
Crypto contagion, its the unwinding of the excesses .

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 36995
  • Reputation: 1074446
Not yet mainstream -  US economy has such booms and burst cycles - definitely Ukraine war has affected everyone - but the US how?

How has Ukraine war affected US? Inflation? Why? Import from China?

I think more Covid disruption by china for 2yrs has messed US. Ukraine - NAAAAAAh. Ukraine is Europe and Africa. US didnt do much trade with either.

Direct effects of Ukrainian Crisis .Biden thinks printing more US dollars will be able to avert another 2008 financial crisis.
He will have a rude awakening 2024 summer when the economy will crumble down affecting his chances of getting relected . 
He needs to ask McCain and Bush how they were beaten by a weak Obama.

Offline Nowayhaha

  • VIP
  • Enigma
  • *
  • Posts: 6733
  • Reputation: 5000

Mr Economist here is an article for your interest.

Quote



https://www.bloomberg.com/news/articles/2023-03-12/fed-flies-blind-on-monetary-policy-with-rising-risk-of-a-6-rate?leadSource=uverify%20wall
Not yet mainstream -  US economy has such booms and burst cycles - definitely Ukraine war has affected everyone - but the US how?

How has Ukraine war affected US? Inflation? Why? Import from China?

I think more Covid disruption by china for 2yrs has messed US. Ukraine - NAAAAAAh. Ukraine is Europe and Africa. US didnt do much trade with either.

Direct effects of Ukrainian Crisis .Biden thinks printing more US dollars will be able to avert another 2008 financial crisis.
He will have a rude awakening 2024 summer when the economy will crumble down affecting his chances of getting relected . 
He needs to ask McCain and Bush how they were beaten by a weak Obama.

Offline Nowayhaha

  • VIP
  • Enigma
  • *
  • Posts: 6733
  • Reputation: 5000




Nikubaya I say , If you have deposits in U.S. banks transfer the money to Kenya nunua mashamba . It will be worse than 2008.

https://edition.cnn.com/business/live-news/silicon-valley-bank-collapse-updates-03-13-23/index.html

The Biden administration scrambled this weekend to restore confidence in the US banking system after the collapse of Silicon Valley Bank and Signature Bank.

But investors signaled in Monday trading that the plan wasn't enough. Stocks of regional banks tumbled to record lows in Monday trading and were in and out of trading halts as their share prices moved remained volatile.

Shares of First Republic fell nearly 66% Monday afternoon.
Shares of Western Alliance Bancorp plummeted about 60%.
PacWest Bancorp fell more than 34%.
First Horizon stock fell about 23%.

Offline patel

  • Moderator
  • Enigma
  • *
  • Posts: 3406
  • Reputation: 2110
Credit suisse in trouble. African dictators about to lose stolen loot. Karma

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 36995
  • Reputation: 1074446
Waiting for US and western economies to collapse is equal to Waiting for Indian ocean to dry.

Offline mankind

  • Superstar
  • *
  • Posts: 213
  • Reputation: 0
 Here is a good analysis of how the war has really screwed up the world economy, the worst hit being the west.
 
   https://www.youtube.com/live/GIJ58HbsiKw?feature=share

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 36995
  • Reputation: 1074446
Here is a good analysis of how the war has really screwed up the world economy, the worst hit being the west.
 
   https://www.youtube.com/live/GIJ58HbsiKw?feature=share
Which war screwed economy in 2018,2014, n others. US economy rebalanced...everyone knows silicon Valley was long overdue for another dotcom correction


Offline Kadudu

  • VIP
  • Enigma
  • *
  • Posts: 4178
  • Reputation: 1411
These guys live in their own world. They will wait till kingdom come.

Are these not the same people who were screaming here one year ago all Africans should leave Europe asap due to nuclear war threat? We are still here and life is just normal.

Waiting for US and western economies to collapse is equal to Waiting for Indian ocean to dry.

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 36995
  • Reputation: 1074446
I knew then that nowayaha and Russia had lost..Himars were hammering

Offline Nowayhaha

  • VIP
  • Enigma
  • *
  • Posts: 6733
  • Reputation: 5000

Its you guys living in your own world corrupted by western media
We told you there will be inflation -it happened
We told you there will be hunger - it happened
We told you Europe will pay more for energy -it happened
We told you there will be an economic crisis - it is happening
We told you a single mistake can lead to a Nuclear war - Russia just dropped a US drone in Black sea , US are well aware of escalations , they are now backing off . We see Poland making a fundamental mistake of providing Ukraine with Jets they are now part of the conflict . Nuclear war is not far fetched .

These guys live in their own world. They will wait till kingdom come.

Are these not the same people who were screaming here one year ago all Africans should leave Europe asap due to nuclear war threat? We are still here and life is just normal.

Waiting for US and western economies to collapse is equal to Waiting for Indian ocean to dry.