Why 186 Other Banks Could Go The Way Of Silicon Valley BankIts mind boggling the number of banks whose names could be added to the list of banking casualties. The FED has reassured that US banking is resilient however raising Rates again might be the bullet that uncovers others so the US is in a dire stretch of US survival as it becomes crystal clear that the US economy is in for slower times hopefully avoiding a collapse plus Oil surplus along with the FED tomorrow could find Oil in violent swings lets hope that this doesn't end as the Roaring-Twenties did in a crash but once the runway gets thumbs up Oil will take off. Let's also hope that global economies also continue to fund banking because any bank failure will affect us! Hopefully, we wake up to $70+ Oil, by the sounds of it the FED will do .25% tomorrow let's hope that the FED isn't leading the US economy into a gauntlet. What's up with Biden, he needs to cancel SPR and concentrate on replenishing it instead of continuing to weaken SPR position for no reason, and with Biden dumping Oil will never catch its breath heading higher from demand. Oil surplus is proof of the US slowing is how the market reads it..
Why 186 Other Banks Could Go The Way Of Silicon Valley Bank (forbes.com) Commodity Forecast 2023/2024 (tradingeconomics.com)