Search Results for: Michael Snyder

Things weren’t supposed to move this quickly.  Just hours after First Republic was dissected, two more major banks are in very serious trouble.  Are the dominoes going to start to fall more quickly than we were anticipating?  After his bank gobbled up First Republic, Jamie Dimon told the world that “this part of the crisis … Read more

Yes, you read the headline correctly.  Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.  Unfortunately, the banking collapse of 2023 is far from over.  We still have eight more months to go before this year is done, and many more banks … Read more

It should have been apparent to everyone that the dark clouds on the horizon would bring a storm, and now rain is furiously falling all around us.  Our entire system is being viciously shaken, and the dominoes are going to continue to fall in the months ahead.  Once Silicon Valley Bank and Signature Bank went … Read more

The biggest companies in the United States are giving the axe to hundreds of thousands of workers, but this should not come as a shock to any of us.  Officials at the Federal Reserve were warned over and over again that they were going to create an extremely harsh economic environment if they aggressively raised … Read more

Is another domino about to fall?  Our system was greatly shaken when Silicon Valley Bank and Signature Bank suddenly collapsed, but we seem to have weathered that storm.  But what will happen if an even larger bank goes under?  As of March 31st, First Republic had approximately 290 billion dollars in assets, and that makes … Read more

If we don’t get to have Tucker Carlson, they don’t get to have a network.  That is the message that we need to send to Fox News.  A few hours ago, I participated in the taping of a panel discussion about the firing of Tucker Carlson for a television show.  Former Fox News contributor Brigitte … Read more

Right now, financial institutions all over America are getting really tight with their money.  That means that less credit will be available for consumers and businesses, and that will mean less economic activity in the months ahead.  When economic activity slows down, more businesses fail, more layoffs happen, and more consumers start defaulting on their … Read more

Once in a while, there is a moment that embodies what is going on in our society as a whole.  For me, one of those moments came on Saturday night.  A 45 foot tall animatronic dragon at Disneyland erupted in flames, but most of the people at the park seemed to think that it was no … Read more