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We are discussing the hot news about the bank run of Silicon Valley Bank and also touching upon Silvergate and Credit Suisse.
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C Thomas Printer Cooperative: A place to make you think, make you remember, and make you smile
Heavy content this week:
China: capital restrictions, and Musk's tweet on Covid origination in Wuhan laboratory
Russia: foreign minister Lavrov laughed at
the US: selling Taiwan arms worth of $619 million, and one needs to keep an eye on for a potential flooding in California
Big theme: an important card Russia and China have: fertilizers
Bonus: Is there a famine right now in North Korea?
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C Thomas Printer Cooperative: A place to make you think, make you remember, and make you smile
We are reviewing the $1.7 trillion US government spending bill which is 4000 pages - designed carefully not to be read- !
It was passed in December 2022. We wanted to make sure you don't quickly forget about it - because it is a gigantic foolish spending with YOUR taxpayer dollars.
$153.8 billion on food stamps
$2.2 billion for international food aid
$1.92 billion for farm programs
...and many more...
Listen to C Thomas to find out.
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C Thomas Printer Cooperative: A place to make you think, make you remember, and make you smile
One year of Russia-Ukraine War: Who is working for peace and who for propaganda, hotter than forecast PCE, American Car Center ceasing its operations, naval exercises of South Africa and Russia, elections in Nigeria, and euro area inflation down to 8.6% in January from 9.2% in December.
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We think that the tensions between the world powers are escalating and that we should be cautious. We remember that the mother nature should not be underestimated and that we need to be prepared. We also give you a feel-good story this week to make you smile in the midst of all the negativity.
Because CTPC is where you think, remember, and smile.
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This week on Looking Backwards Looking Forwards:
1) Landlords in trouble with the empty office spaces: Brookfield DTLA Fund Office Trust, a fund that owns office towers in downtown Los Angeles disclosed that it has defaulted on loans related to a pair of office skyscrapers in downtown LA.
2) Lebanese Protesters Start Fire Outside of the House of the chairman at the Association of Banks in Lebanon
3) What if inflation doesn’t come down, yet the economy tanks anyway? In the light of the stats that came out this week: The producer price index rose 0.7% vs an expectation of 0.4%. The dollar and bond yields both started moving higher and the Philadelphia Fed’s manufacturing index plunged to -24.3, far beneath the -7.8 estimate.
4) Another sudden resignation from politics, this time the first minister of Scotland. She left in the midst of the independence from the UK issue.
5) XFL and USFL are getting rid of what they call the worst rule in football
6) We found an example of the Rich Hypocrisy for you: Barry Sternlicht calling Fed rate hikes “self-inflicted suicide” and that he would welcome 3 to 4% inflation.
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We continue digging into the material challenges around the so-called green revolution, and saying the unsayable.
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The devastating earthquake in Turkey and Syria, who actually blew up the Nordstream pipeline, Moldova president resigning, UFOs being shot down in the US and Canada, protests about public healthcare in Spain, steep rent increases in Florida. Let's look backward to be able to look forward.
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“The amount of copper required between 2022 and 2050 is more than all the copper consumed in the world between 1900 and 2021.” S&P Global
“Someone must say the unsayable. None of these men have the guts” Margaret Thatcher
This week we are digging into the material challenges around the so-called green revolution, and saying the unsayable.
What does an earthquake in Turkey, an Indian Billionaire, and a Chinese balloon have in common? They are all covered in this week's version of Looking Backwards, Looking Forwards.
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