As the United States continues to grapple with an uncertain economic future, Sen. Bill Cassidy (La.) has voiced concerns about the state of the country’s financial future, particularly regarding Social Security. In a recent interview with MSNBC, he warned that “a high inflation environment, in which the Fed is trying to raise interest rates to…
Republican Senator Proposes Plan to Fix Social Security Solvency Crisis
First Republic’s Stock Resumes Slide Despite Cash Infusion
March 17, 2023
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The share price of First Republic Bank tanked again Friday morning, but did not return to Monday’s lows. Wedbush Securities, a prominent financial services and investment firm, recently issued a downgrade of the stock, citing concerns about the company’s prospects. Its stock fell more than 23 percent, hitting a low for the day of just…
First Republic Shares Tank Despite Cash Infusion by Big Banks
March 17, 2023
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The share price of First Republic Bank tanked again Friday morning, but did not return to Monday’s lows. Wedbush Securities, a prominent financial services and investment firm, recently issued a downgrade of the stock, citing concerns about the company’s prospects. Its stock fell more than 23 percent, hitting a low for the day of just…
Climate Is Important, but Oil Is ‘Vital,’ Admits BlackRock CEO: We’re Not ‘Environmental Police’
March 17, 2023
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BlackRock CEO Larry Fink admitted in a 2023 annual letter to investors that oil and gas are “vital” to global energy demand—a shift from his earlier stance promoting a climate change agenda which focused on progressive values that denounce fossil-based fuels. “For years now, we have viewed climate risk as an investment risk. That’s still…
Bond Traders Blind-Sided in China
March 17, 2023
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Commentary China’s regulators are putting its $21 trillion bond market at risk. The ham-fisted regime is not only centralizing financial power and reshuffling financial regulatory personnel but is also banning the best brokers and data aggregators from selling real-time price data. Screens where China’s bond prices appeared went blank on Wednesday. Managers at the China…
Banking Issues Hiding Bigger Problem: Tavi Costa
March 16, 2023
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First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to stabilize the troubled firm. It’s the third bank to be rescued in less than a week. First Republic, like Silicon Valley Bank and Signature Bank, reportedly had a large number of uninsured deposits, triggering fears that customers…
America Will Be Petroleum, Natural Gas Exporter Through 2050, Predicts Energy Information Administration
March 16, 2023
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The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural gas at least through the middle of this century. Its 2023 Annual Energy Outlook, released on March 15, credits that trend to “growing international demand.” Yet, the EIA also projects that zero-carbon nuclear power, natural gas, and…
US Will Be Petroleum, Natural Gas Exporter Through 2050, Government Agency Projects
March 16, 2023
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The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural gas at least through the middle of this century. Its 2023 Annual Energy Outlook, released on March 15, credits that trend to “growing international demand.” Yet, the EIA also projects that zero-carbon nuclear power, natural gas, and…
Bond Market Volatility Spikes Amid Uncertainty Over Fed Rate Hikes
March 16, 2023
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Bond volatility has jumped and yields have fallen as the American banking crisis cast doubts on whether the Federal Reserve will continue with its policy of rate hikes. On March 10, Santa Clara-based Silicon Valley Bank (SVB) failed, which is the second-biggest bank failure in American history. Two days later, on March 12, U.S. regulators…
Billionaire Investor Warns of ‘Many More Problems’ After SVB Collapse
The recent collapse of Silicon Valley Bank (SVB) has raised concerns among leading analysts and investors, with hedge fund manager Ray Dalio comparing the bank’s collapse to a “canary in the coal mine” while signaling potential future problems in the venture capital sector and beyond. Dalio wrote in an open letter earlier this week that…
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