Saturday, April 15, 2023

In the #News #Politics #BankingCrisis Keeps Rolling, Wait What?

“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.”

“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”

― Mark Twain

Subscriber Comments

The public appears to be whistling past the graveyard on assurances from public officials and various mainstream media mouthpieces that Western banks are safe, and the expanding liquidity crisis is containable, and not a byproduct of a bigger problem tied to infinite spending and debt. Only the well-informed and independent thinkers survive this business. If you're not at least skeptical at this point, smart money is sizing you up as a future bag holder in 2023.

The world's ability to kick the can down the road past the next economic cycle depends on its ability to convince the public that nothing has changed, and everything will be fine. The global economy and its institutions require confidence. Failure to maintain confidence aborts the process of kicking the can down the road.

Where does confidence lie? Everyone subscriber tracking the Confidence Oscillator (line 105 Trends Tab) recognizes the bear phase in confidence. Bad things happen in bear phases.

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Out of sight, out of mind is being applied to the banking crisis.

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