Economists “News and Veiws” Sunday 11-5-2023

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ALERT! Another Bank Fails! FDIC Bails Out NON-INSURED DEPOSITORS AGAIN! GET OUT OF BANKS!

(Bix Weir) 11-5-2023

A small Non-Member bank, Citizens Bank, failed on Friday and once again the FDIC arranged a “Structured Bailout” of Non-Insured FDIC depositors!

This was the fifth bank to fail this year.

The issue that Citizens Bank has was the same deteriorating asset base but NO FEDERAL RESERVE BACKSTOP!

The Fed has lent Member Banks over $100B in the Bank Term Funding Program delaying the collapse of ALL banks but it won’t be enough to save them in a derivative collapse…NOTHING WILL!

https://youtube.com/watch?v=fJH-b9M9QiI%3Ffeature%3Doembed%26enablejsapi%3D1

Russia Drops Economic BOMBSHELL On U.S.; “You Won’t Defeat Moscow”

Sean Foo:  11-5-2023

In a twist of events, Russian revenues soared in October prompting the US treasury to impose a hundred new economic sanctions.

However, there is an even greater chance of this backfiring that could unleash a bigger energy gas crisis.

Here’s why Russia’s economy isn’t collapsing and why exactly economic sanctions tend to fail.

Timestamps & Chapters:

0:00 US Treasury Unleashes Sanctions

3:01 Russian Revenues Soaring

5:56 Targeting Russia’s Arctic Gas

9:01 Confiscating The Reserves

11:36 Oil & Gas Will Flow

https://youtube.com/watch?v=FNbKXSXZgEw%3Ffeature%3Doembed%26enablejsapi%3D1

Latest Data Reveals Recession Just Hit | Danielle DiMartino Booth

David Lin:  11-5-2023

Danielle DiMartino Booth, CEO of QI Research, discusses the latest jobs report, market response, and Fed monetary policy.

0:00 – Jobs report

 3:45 – Fed monetary policy

6:38 – Inflation

8:17 – Employee retention credits

11:28 – Student loans

13:00 – Investment implications

 15:29 – Asset allocation

https://youtube.com/watch?v=haWxbdG-tQ8%3Ffeature%3Doembed%26enablejsapi%3D1