The banking System in crisis might have felt like a sudden apocalypse that dropped out of nowhere, but the reality is far from it. It’s a consequence of several factors that brewed for years – like a perfect storm. Firstly, the economy was flooded with $4 trillion in printed stimulus, leaving moneybags feeling richer than…
March Madness: Jobs Report, Bank Stocks, and Interest Rates Shake Market
March Madness has taken hold of the financial markets as U.S. employers added 311,000 jobs in February, another stronger-than-expected showing for the labor market. However, the four biggest U.S. banks lost $52 billion of market value on Thursday, contributing to a broad rout across financial stocks. Job Creation Surpasses Expectations Despite concerns over the pandemic…
Liquidity is disappearing all around the board
The global financial markets are currently experiencing a severe liquidity crunch, with investors selling off stocks and assets in droves. The S&P 500 alone lost a staggering $600 billion in just two hours, highlighting the intensity of the crisis. Cryptocurrency markets were not spared either, with a loss of $40 billion today. Additionally, the four…