Silicon Valley bank bust, after insiders sell

[odysseus2000]

US set to inject 2 trillion $:

https://twitter.com/firstsquawk/status/ ... cxhdO8nfbA

How can any cfo keep fundscwith a regional or commmunity bank:

https://twitter.com/jimcramer/status/16 ... cxhdO8nfbA

Regards,

[AsleepInYorkshire]

Banks borrowed a record amount of money from the Fed's last-resort facility last week

The Fed lent banks a record $153 billion from its discount window last week, the last-resort facility banks use when they have trouble accessing cash.

That shows how much strain is on the banking system at the moment.

AiY(D)

[odysseus2000]

Banks borrowed a record amount of money from the Fed's last-resort facility last week

The Fed lent banks a record $153 billion from its discount window last week, the last-resort facility banks use when they have trouble accessing cash.

That shows how much strain is on the banking system at the moment.

AiY(D)

Interesting! Thank you!

I wonder how many banks have used the window?

Regards,

[odysseus2000]

Regional us banks have not had a good 2023 & maybe worse to come:

https://twitter.com/0_ody/status/165411 ... DCpgdbFBxg

Regards,

[odysseus2000]

Chinese builder evergrande seeks bankruptcy protection in New York:

https://www.scmp.com/news/world/united- ... y-new-york

interesting as this follows on from rate cuts in China.

If the Fed keeps raising rates as they seem to want to do the chance of a ugly recession increases. The Evergrande troubles are likely indicative of more problems in China & we have just seen Tesla cut prices, suggesting that high worth Chinese are concerned & hoarding cash.

Everything could change very quickly, but the out look is currently for lower equity prices.

Regards,