“It feels like something is going to snap but I’m not quite sure what.”
Bond market selloff: Finance capital’s call for deep attacks on the working class - World Socialist Web Site
#FinancialCrisis #BondMarket #EconomicCrisis #CapitalismInCrisis
Rapid moves could trigger problems in what is already a fragile Treasury market that has become increasingly unpredictable because of hedge funds making big bets with large amounts of borrowed money.
Deepening problems in the global economy - World Socialist Web Site
#GlobalFinancialCrisis #globaleconomy #FinancialCrisis #CapitalismInCrisis
US credit downgrade: another sign of a deepening crisis - World Socialist Web Site
#FinancialCrisis #CreditDowngrade #Fitch #CapitalismInCrisis
The purported economic recovery is being described as losing steam.
#China growth rate falters as youth unemployment rises - World Socialist Web Site
Fate of #FirstRepublicBank hangs in the balance as report on #SVB collapse exposes “regulatory” framework - World Socialist Web Site
#BankingCrisis #BankCrash #FinancialCrisis #CapitalismInCrisis
The ongoing financial crisis raises the question of how many more mines are lodged within the system waiting to explode because the report on the collapse of SVB released last week by Fed vice chair Michael Barr makes clear its demise proceeded in plain sight.
Market turmoil and threat of #CreditSuisse collapse, as fallout from #SVB’s demise spreads - World Socialist Web Site
#BankCollapse #BankCrash #FinancialCrisis #BankCrisis #CapitalismInCrisis #Capitalism
#SVB collapse exposes deep problems in US financial system - World Socialist Web Site
The Fed and the FDIC, with the full backing of the Biden administration, which has pledged to do “whatever is needed,” have justified their actions, full coverage for uninsured depositors at SVB as well as increased liquidity provisions for banks, on the grounds of “systemic risk.”
The collapse of Silicon Valley Bank (SVB)—the second largest bank failure in nominal terms in US history—and the ongoing turbulence in the banking system, raising the prospect of more failures, is another expression of the historic crisis of US and global capitalism.
The bailout of #SiliconValleyBank and the historic crisis of capitalism - World Socialist Web Site
The commitment by the Biden administration to do “whatever is needed” to protect the money and riches of financial investors, speculators and the wealthy has again laid bare the real nature of capitalist governments as the executive committee for managing the affairs of the ruling monied elites.
“If the United States does not hit the brake, but continues to speed down the wrong path, no amount of guardrails can prevent derailing and there surely will be conflict and confrontation.”
Quentin Budworth
Jude Jackson
