Corona Times News Headlines March 11, 2023

Headlines March 11, 2023

Squawk Box @SquawkCNBC

"The @federalreserve is causing this bank run," says @BearTrapsReport Larry McDonald. "They need to get inflation down so they're playing with Frankenstein. This is a contagion process. They're now probably going to cut rates by 100 basis points by December." @Convertbond $SIVB

Mario Nawfal @MarioNawfal

#BREAKING: Silicon Valley Bank CEO (now former CEO) message to employees from late last night

• Etsy HALTS payments to sellers due to Silicon Valley Bank collapse... the contagion sh#t rolls downhill...

• The BLACK SWAN has arrived for crypto - from here, it's contagion, contagion, contagion

• Financial markets brace for more pain from Silicon Valley Bank 'death spiral'- with First Republic, Pac West and Signature Bank stocks down by up to 50%

• Chronic exposure to environmental pollution linked to plasticosis, a disease caused by ingestion of plastic particles

Genevieve Roch-Decter, CFA @GRDecter

“Silicon Valley Bank senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets” -Bill Ackman They should never be allowed to work in banking again.

Edward Dowd @DowdEdward

And that’s a mic drop 🎤moment…the fiat based debt system needs constant credit creation. At some point it implodes on itself. We are in that zone currently. Watch the $DXY…it fails up and it looks bullish to me after a technical pull back since November. https://t.co/U5be9c8u2n

Chief Nerd @TheChiefNerd

🚨 Fed. Chair Jerome Powell Says the U.S. is Heading Towards a Big Problem w/ Our Economy "The problem is that we are on a path where the debt is growing substantially faster than the economy and that's, by definition in the long run, unsustainable" https://t.co/ijIj96707l