TIL that major US banks silently got billions in bailouts over the last few months, AND a self-imposed short squeeze by JP Morgan, which
is on the hook to deliver more than 5,900 tons of silver it doesn’t have. Tradeable silver is relatively scarce right now, government data shows.
and
A big problem [ed: for JP Morgan] is that there’s not enough actual silver available for trading to get JP Morgan out of the squeeze it got into through unbridled greed. The more silver prices rise the more JP Morgan gets hurt.
yup sure sounds like the US economic pieces are doing just fine right now!
[edit to add: thanks to @glnfld for linking to this https://mastodon.social/@glnfld/115806677076653923 which shows that, while the silver market might be a real pain for JP Morgan, the other claim the article makes about the bank bailouts being extreme is not supported by the only specific evidence they cite, NYFed repo rates, a value I don't understand in the first place]
https://www.dcreport.org/2025/12/29/ny-fed-unlimited-cash-infusions-bank-crisis/
#politics #bank #banking #JPMorgan #ShortSqueeze #short #shorts #investing #USPoli