President Biden speaks to the nation regarding Silicon Valley Bank failure. You can have confidence that the banking system is safe.

BAILOUT now happening!

We have a “local” (statewide) am radio guy who does national appearances on Fox at times.

During the Bush bailouts he was FREAKING out, it was end times….We HAD TO do the bailouts!!!

3 months later he’s apologizing on air.

Facebook and Instagram parent Meta Platforms on Tuesday announced plans to cut another 10,000 jobs, as CEO Mark Zuckerberg presses his push for corporate efficiency in the face of slower revenue growth.
The cuts come less than six months after the social-media giant announced 11,000 layoffs in November, a move that reduced total head count by 13%.
“For most of our history, we saw rapid revenue growth year after year and had the resources to invest in many new products,” Zuckerberg said in a letter to the company’s staff, now posted on the Meta (ticker: META) website.
“But last year was a humbling wake-up call. The world economy changed, competitive pressures grew, and our growth slowed considerably. We scaled back budgets, shrunk our real estate footprint, and made the difficult decision to lay off 13% of our workforce,” he said. And now the company is making additional cuts.

He's prolly just kiddin... 😟

Those Zuck Bucks and alternate AI "worlds" are made from thin air!

People deleting that crap. They don't want to support wokies.

U.S. oil prices fell below $70 for the first time in over a year on growing evidence of weak oil demand and fears that the banking sector’s troubles will drag down the global economy. 
West Texas Intermediate crude futures, the U.S. benchmark, fell 4.6% to $68.07 per barrel on Wednesday morning. WTI, which had fallen as low as $67.93 earlier on Wednesday, hasn’t been this cheap since December 2021. Brent crude, the international benchmark, slid 4.2% to $74.19 per barrel.
The International Energy Agency reported on Wednesday that oil has been accumulating in storage tanks as supply has been strong and demand has remained slack. After global inventories “surged” by 52.9 million barrels in January—a sign that demand exceeded supply by almost two million barrels a day—early statistics from the U.S., Japan, and Europe indicate they kept rising in February.

Perhaps we have a lot more to come. I bet so.

Credit Suisse.

New York
CNN
—
First Republic Bank’s credit rating was downgraded on Wednesday by both Fitch Ratings and S&P Global Ratings on concerns that depositors could pull their cash despite the federal intervention.

Fitch also placed another regional bank, PacWest Bancorp, on watch for a potential credit ratings downgrade of its own.

The moves reflect continued worries about the banking system in the aftermath of the collapse of Silicon Valley Bank and Signature Bank.

Inflation is transitory!!!

That one will go down with:

Russian collusion
Covid-19 came from a wet market
The vaccine is our ticket out
January 6 was an insurrection
The border is secure

What does it even matter now

~Hilldog

Amazon CEO Andy Jassy reportedly told employees that an additional 9,000 people would be laid off in the coming weeks.

And on a side note, Amazon HQ2 is still going to welcome 8,000+ new employees in June. Arlington, VA was chosen for HQ2 from over 230 places that offered Amazon $3billion in tax breaks and grants.

Guess who in NOT getting indicted Tuesday- hilldog!!!

Not due to lack of evidence...

WHOA...waaaay worse news on the layoffs

I wouldn't count on anything Amazon says other than the layoffs.
They've paused the construction of the second phase of HQ2, which means they are really getting nervous about the future of the Biden recession.