Crypto-Bank Silvergate Details its Own Implosion, Much of its Equity Capital Wiped Out. I’m Waiting for the FDIC to Show Up by Wolf Richter • Jan 5, 2023 • 90 Comments Wait a minute… It still “believes in” crypto? Is crypto now a religion that a bank “believes in?” FDIC, are you reading this?
Layoffs beyond Hype: No, Layoffs.fyi Does Not Track Actual Layoffs in the US, but Media Stories of Plans of Global Layoffs. See Salesforce Today. Actual Layoffs & Discharges in the US Are Still Historically Low by Wolf Richter • Jan 4, 2023 • 143 Comments Many of these announced layoffs are in the future and won’t be in the US and won’t impact the US labor market. But we got data on actual layoffs and discharges in the US today.
Fed, FDIC, & OCC Warn Banks about Contagion from Cryptos, with Laundry List of Sordid Stuff Inherent in the Crypto Scene by Wolf Richter • Jan 3, 2023 • 159 Comments Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.
US LNG Exports in 2022 Match Qatar, #1 in the World. US Natural Gas Price Plunges 11% Today, 40% in 2 Weeks by Wolf Richter • Jan 3, 2023 • 120 Comments On Delays at restarting the explosion-damaged Freeport LNG export terminal and on weather forecasts.
Status of US Dollar as Global Reserve Currency: USD Exchange Rates Hit Foreign Exchange Reserves by Wolf Richter • Jan 1, 2023 • 157 Comments Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.
2022, Year of Face-Ripping Bear-Market Rallies that Got Crushed by Wolf Richter • Dec 30, 2022 • 159 Comments But history doesn’t repeat, it rhymes: For your amusement, a Nasdaq comparison to the Dotcom Bust.
Truck Congestion at Worst Bottlenecks (MPH), Barge Rates on the Mississippi (WHOOSH), China-US Container Freight Rates by Wolf Richter • Dec 30, 2022 • 100 Comments Three tidbits with charts from the Transportation Statistics Annual Report 2022.
Keeping an Eye on the Labor Market to See if the Fed’s Anti-Inflation Drug Started Working by Wolf Richter • Dec 29, 2022 • 103 Comments Maybe just a little. But not seeing the Great Loosening of the job market yet. Laid-off H-1B visa holders complicate the picture.
ECB’s Balance Sheet Plunges by €492 billion in One Week and by €850 Billion from Peak by Wolf Richter • Dec 28, 2022 • 86 Comments Monetary Rug-Pull? December dump in the markets anything to do with global QT?
Natural Gas Futures in Europe Plunge 77% from Crazy Spike by Wolf Richter • Dec 28, 2022 • 92 Comments Record supply of LNG from the US and other sources. Record supply from Norway via pipeline. Conservation, power production shift… It adds up.
