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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Category Archives: Main Page
Cash crunch intensifies
This morning, stock and commodity markets are plunging amid news of escalating stress at systemically significant investment bank Credit Suisse. The bank’s share price is -24% this morning and -96% since its cycle peak in 2007. Years of destructive financial … Continue reading
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Moody’s downgrades US banking system outlook to negative
Moody’s just announced a downgrade of its outlook on the entire US banking system to negative from stable to reflect “the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank … Continue reading
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Backstops for depositors, not risk markets
The Silicon Valley Bank (SVB, founded in 1984) and Signature Bank (publicly traded since 2004) closures over the weekend are the second and third largest US bank failures in history (the largest eight failed banks in assets and deposits, are … Continue reading
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