Tons

 

to get through today and some of it is from a few days back.

(This is from:

Last Updated: March 19, 2023 at 10:40 p.m. ET

late Sunday night.)

U.S. stock-market futures edge higher after historic deal to rescue Credit Suisse

"U.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse, the latest maneuver by authorities attempting to prevent a deeper loss of confidence in the global banking system.

(Got to be on Sunday evening right? the last two Sunday evenings have been pretty eventful for some people. Yup. Thats two "historic" deals in two weekends on two continents but it's all good. Wasnt ever suypposed to happen again either but its all good...yeah...right...

"the latest maneuver by authorities attempting to prevent a deeper loss of confidence in the global banking system"

Well just how many will it take if this is just "the latest maneuver by authorities"? And so yeah...good luck with "attempting to prevent a deeper loss of confidence in the global banking system." Already to late jack, wewe seen this show. First the $ disappears and then the place goes up in flames. it's the truth, you know how you know how? Cause it dont care what you think.)

"Also Sunday, the Federal Reserve and five other major central banks announced they were taking steps to ensure that U.S. dollars remained readily accessible throughout the global financial system."

(If everything is so hunky-dory like were being told?

Why do The fed and 5 other central banks gotta, "taking steps to ensure that U.S. dollars remained readily accessible throughout the global financial system."?

Somebody come explain it to me plz.)

"Credit Suisse’s 167-year run came to an end after a collapse in the value of its shares and bonds last week. Economists, investors and authorities worried that a collapse by Credit Suisse could amplify contagion fears in the global banking system after the demise earlier this month of California’s Silicon Valley Bank, or SVB."

(It was six months after Lehman bros fell before Financial crisis really set in. Just lil FYI.)

“While the Fed is obviously wary of contagion risks, it still views the banking sector as being well-capitalized, and it will want to stress that the inflation battle is not won, and it remains too high, so a 25-bps hike seems very likely, though like the ECB it will likely stress a high level of uncertainty, and offer no guidance, and emphasize data and financial conditions dependency,” said Marc Ostwald, London-based chief economist and global strategist at ADM Investor Services, in a note."

(The only portion of the banking sector that is 'well capitalized is the big (banks) boys and only then because they were made to be and who really thinks they aren't cooking their books (a least a lil) to make themselves look a lil healthier than they really are?)

"Despite efforts by the Fed and other U.S. regulators to ringfence SVB and a pair of other collapsed banks while moving to backstop deposits, other regional banks have faced significant pressure. While all depositors at those banks were made whole, calls have increased for the U.S. to formally remove a $250,000 cap on insured deposits."

(So is all of it is insured?

Or none of it?

Doesn't really say right?

Kinda interesting dont ya think?

Which way you think that needle gonna tilt to eventually?

Pray your bank fails first I guess so you can get your worthless paper out that aint gonna buy you nothing anyway...)