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Category: News

link to First Republic Bank is $9 Billion Underwater

First Republic Bank is $9 Billion Underwater

Bank balance sheets are filled with lies because the majority of assets on their balance sheet are usually reported at "amortized cost" rather than "fair value". When interest rates go up, the...

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link to Why did Signature Bank fail?

Why did Signature Bank fail?

Barney Frank is a retired Democratic congressman who co-authored the Dodd-Frank Act (the set of new banking regulations that came in the wake of the Financial Crisis) and sat on the board of...

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link to How Silicon Valley Bank Collapsed

How Silicon Valley Bank Collapsed

"In 2 years, SVB more than tripled their deposits but couldn't lend out money as fast as they received it, so they decided to buy over $80 billion in long-term mortgage-backed securities that yielded...

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link to Walmart (NYSE: WMT) August 2022 Earnings Summary | Consumers Weaken

Walmart (NYSE: WMT) August 2022 Earnings Summary | Consumers Weaken

Walmart beat both revenue and Non-GAAP EPS estimates for the quarter. However, the company is under pressure from inflation and poor inventory planning last year. Quick Numbers Reporting...

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link to Wells Fargo misses EPS & Revenue on Q2 2022 Earnings

Wells Fargo misses EPS & Revenue on Q2 2022 Earnings

Wells Fargo reported Q2 non-GAAP EPS of 74 cents on $17 billion in revenue versus the 80 cents on $17.5 billion expected by Barron's. This continues the trend of financial companies consistently...

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link to Google search data implies Americans are scared

Google search data implies Americans are scared

Over the past 7 days, Google search volume for queries containing the word "recession" have more than doubled (see graph below): Various versions of the query "what is a bear market" surged...

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