Former Central Bankster Warns The Banking Crisis Is Just Warming Up

by | May 3, 2023 | Headline News

Do you LOVE America?

    Share

    After yesterday’s banking bloodbath, Regional bank stocks tumbled further earlier this morning (before recovering) after former Dallas Federal Reserve President Robert Kaplan warned that the United States regional banking crisis is far from over. Most worryingly, Kaplan went on to claim that bank stocks have been marked down solely because of their over-investment in United States Treasuries, while the credit phase, which is “normally more serious,” is yet to unfold.

    “I’d prefer to do what’s called the hawkish pause, not raise but signal that we are in a tightening stance, because I actually think the banking situation may well be more serious than we currently understand,” Kaplan, whose career has also included time as a senior executive at Goldman, said in a Bloomberg Television interview. -ZeroHedge

    Kaplan is urging the Fed to stop its interest rate-raising campaign:

    “It is more important to be able to sustain the current rate for an extended period of time, longer than the market thinks, than to get another 25-50 basis points and risk having to cut again. I think that will be very troubling,” said Kaplan, who left the Fed in 2021 after disclosures about his trading activity that drew criticism for potential conflicts of interest.-ZeroHedge

    Kaplan went on to claim that bank stocks have been marked down solely because of their over-investment in US Treasuries, while the credit phase, which is “normally more serious,” is yet to unfold.

    Simon White, a Bloomberg macro strategist, who noted this morning that the market was too quick to move on from the widening bank turmoil, echoes Kaplan’s sentiment.

    Charles Schwab and Other Big Banks May Be Secretly Insolvent

    The Fed, BoA, & Corporate CEOs Are All Warning That A Recession Will Happen This Year

    Warnings of a recession and a worsening banking crisis have been continually growing. Be as prepared as possible in the coming months. If the economy doesn’t completely crumble, you will have set yourself up to be in a better position, and if it does, you’ll at least have seen it coming and made whatever preparations possible.

    Prepare For An Economic Emergency Or Recession

    URGENT ON GOLD… as in URGENT

    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles

      Comments

      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.

      0 Comments

      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.