Hi It sure seems that way. We shall see soon enough. Course what I want is to see the gold/silver markets blow up ... and that the never ending cabal crooks take a beating. Should be some week ahead. Thanks for checking in. Bill
Most of the news commentary says this is not a big deal. That should scare you. Typically that is the powers that be putting up a smoke screen while they pull chocks for a flight to safety. Letting the lesser players (the suckers) get hammered when the poop hits the fan.
First it was SVB, then Signature, now Credit Suisse. These are not one branch banks in the boondocks. They were good size operations. What will be the next domino? Central banks have only so many fingers to plug holes in the leaking dyke.
Add First Republic to the lengthening list. Who or what is next. A large mortgage company, a commercial bank, an investment bank, or the horror of it all- a central bank!!!