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The Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?
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Opening | U.S. stocks collectively open low, First Republic Bank plummeted 67%
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href=\"https://ttm.financial/S/C09.SI\">$城市发展(C09.SI)$ </a> ","listText":"<a href=\"https://ttm.financial/S/C09.SI\">$城市发展(C09.SI)$ </a> ","text":"$城市发展(C09.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/408147264475368","isVote":1,"tweetType":1,"viewCount":2203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":241269552513024,"gmtCreate":1699924518240,"gmtModify":1699924520318,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00710\">$京东方精电(00710)$ </a>","listText":"<a href=\"https://ttm.financial/S/00710\">$京东方精电(00710)$ </a>","text":"$京东方精电(00710)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/241269552513024","isVote":1,"tweetType":1,"viewCount":3717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941851133,"gmtCreate":1680148741723,"gmtModify":1680148743680,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941851133","repostId":"2323975182","repostType":2,"isVote":1,"tweetType":1,"viewCount":3177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949488175,"gmtCreate":1678829970498,"gmtModify":1678829974547,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949488175","repostId":"1185555153","repostType":4,"repost":{"id":"1185555153","kind":"news","weMediaInfo":{"introduction":"预判经济形势,解读公共政策,提供及时信息,推送专业报告。","home_visible":1,"media_name":"泽平宏观","id":"49","head_image":"https://static.tigerbbs.com/947583bee22e443aa795464217837990"},"pubTimestamp":1678761902,"share":"https://ttm.financial/m/news/1185555153?lang=en_US&edition=fundamental","pubTime":"2023-03-14 10:45","market":"us","language":"zh","title":"The Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185555153","media":"泽平宏观","summary":"美国时间2023年3月12日晚,美国财政部、美联储和联邦存款保险公司联合发表声明:1、允许联邦存款保险公司(FDIC)以全额保护所有存款人的方式完成对硅谷银行的清算。存款人将从3月13日开始获得他们的","content":"<p><html><head></head><body>On the evening of March 12, 2023, U.S. time, the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly issued a statement:</p><p>1. Allow the Federal Deposit Insurance Corporation (FDIC) to complete the inspection in a way that fully protects all depositors<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The liquidation of. Depositors will receive their full funds starting March 13, and the liquidation of Silicon Valley Bank will not cost taxpayers any losses. The same applies to New York City, which is closing today<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>。 2. Correspondingly, shareholders and some unsecured owners cannot be protected, and senior managers have been dismissed. 3. The Federal Reserve announced that it will provide additional funds to eligible depository institutions. The Federal Reserve will create a new Bank Term Funding Program (BTFP) to provide loans for up to one year to depository institutions such as banks, savings associations, credit unions and foreign bank branches in the United States. 4. The Ministry of Finance will provide up to US $25 billion from the Foreign Exchange Stabilization Fund to support BTFP.<b>1. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly took action to protect Silicon Valley Bank depositors and curb the escalation of the crisis</b></p><p><b>Targeting<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Risk events, U.S. response measures: 1) The Federal Deposit Insurance Corporation (FDIC) released the Deposit Insurance Fund (DIF) to cover depositors; 2) Launched the Bank Term Funding Program (BTFP) to provide liquidity support for banks. In the short term, the two measures may be more effective in solving the emerging run on U.S. banks, while easing market sentiment.</b></p><p>Specifically:</p><p><b>1) For banks that have been under custody, in addition to selling their assets to raise funds, the remaining funding gap will be filled through the FDIC's Deposit Insurance Fund (DIF) to ensure the assets of depositors.</b>At the end of 2022, the FDIC had a total of $128.8 billion in premiums.</p><p><b>But it also brings certain risks. If the FDIC needs to obtain more premium income in the future, it may prompt the banking system to reserve more cash and its equivalents, and banks will face hidden liquidity problems in the medium term.</b></p><p>For example, there are three supplementary channels for DIF premiums. The first is to collect a one-time special premium, the second is to collect premiums in advance, and the third is to borrow money from the Ministry of Finance. In June 2009, the FDIC collected special premiums totaling US $5.5 billion, which put some pressure on the liquidity of the overall banking industry; In December 2009, the FDIC collected advance premiums totaling $4.57 billion, further limiting the credit capacity of banks in crisis situations.</p><p><img src=\"https://static.tigerbbs.com/f73556cb9b98de09bec3bbc0f7200b57\" tg-width=\"1033\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>2) The Federal Reserve's newly launched Bank Term Funding Program (BTFP) injects liquidity into banks' reserve accounts through collateral discounts of high-quality securities.</b>The collateral is mainly assets such as U.S. debt, institutional debt and mortgage-backed securities; And the mortgage value of these assets will be calculated at face value, with an interest rate of OIS + 10bp; There is no upper limit for use by a single institution, and institutions are allowed to repay in advance.<b>This means that borrowing from BTFP can obtain more cash liquidity than the Discount Window and the Standing Repo Facility.</b></p><p><b>BTFP easing during the current period of tightening financial conditions and increased liquidity pressures<a href=\"https://laohu8.com/S/FISI\">Financial institution</a>Pressure to sell these high-quality securities at a discount in the market to recover liquidity. At the same time, the asset side of the Federal Reserve receives mortgaged securities, and the liability side increases the reserves of banks and other financial institutions, and the entire balance sheet will expand slightly again.</b></p><p><b>2. More than one cockroach in the kitchen: the United States is facing an entire banking crisis and a liquidity crisis</b></p><p><b>Silicon Valley Bank, Signature Bank, and<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Continuous thunderstorms. This is only the tip of the iceberg of risks in the US banking industry. The Federal Reserve is facing the whole banking crisis and liquidity crisis.</b></p><p><b>The Fed has helicoptered money for the past two years.</b>In March 2020, the Federal Reserve launched an unlimited quantitative easing, and then promised to maintain zero interest rates for a long time. As of March 2022, when the Federal Reserve declared a rate hike, its balance sheet had grown by 110% cumulatively, reaching a peak of 9 trillion. Among them, reserves, general accounts of the Ministry of Finance and overnight reverse repurchase, which measures remaining liquidity, increased by 135%, 57% and 712% respectively.</p><p><b>Banks are buying a large amount of American Treasury Bond in an environment of excess liquidity.</b>In the environment of global flood release in 2020, the demand for bank loans is weak, and bank funds have nowhere to go. Between the fourth quarter of 2019 and the fourth quarter of 2022, deposits in the U.S. banking sector increased by more than $5 trillion, of which only 14% was used for loans. Meanwhile, overnight reverse repurchase accounts, money market funds and T-Bills have lower yields. Cash deposited in the Fed's overnight reverse repurchase account can only obtain an annualized return of about 5bp-15bp, and money market funds and T-Bills can only obtain an annualized return of less than 20bp. As of March 15, 2022, before the Federal Reserve announced the rate hike, U.S. commercial banks held approximately US $4.6 trillion in Treasury Bond, an increase of 53% from before the quantitative easing began.</p><p><b>In March 2022, the Federal Reserve launched an aggressive rate hike, with bank assets shrinking and liability-side savings flowing out, falling into tight liquidity.</b>As of March 2023, the Federal Reserve has accumulated 450 basis points of rate hike, causing a rapid surge in U.S. bond yields. The prices of U.S. bond assets that were previously purchased in large quantities under the background of loose liquidity fell sharply, and U.S. Treasury Bond classified as assets for sale (AFS) began to experience floating losses. According to FDIC data, as of the fourth quarter of 2022, unrealized losses in the U.S. banking system were approximately US $620 billion, of which saleable Treasury Bond and securities were approximately US $279.5 billion.</p><p><b>Judging from the tools and solutions currently announced by the Federal Reserve, they only play a role in supporting the bank's assets, but have not effectively suppressed the risk of savings outflows on the liability side.</b></p><p><b>Whether the Fed needs to clean up all battlefields and prevent the financial crisis depends on whether the Fed can respond in time, stop the chain of infection, and gain market trust.</b></p><p><img src=\"https://static.tigerbbs.com/cbdcfb5edabd0bdc3b8c18e9e2ec9695\" tg-width=\"1037\" tg-height=\"729\" referrerpolicy=\"no-referrer\"/></p><p><b>3. The Federal Reserve claims that taxpayers don't have to burden it. Who pays the bill?</b></p><p><b>U.S. Treasury Secretary Yellen said that \"taxpayers will not bear any losses in the liquidation of Silicon Valley Bank.\" This is indeed the case on the surface: neither the FDIC premium income to bail out the custodian bank nor the BTFP to supplement liquidity directly comes from government spending.</b></p><p><b>The fact is, most of all debt restructuring is debt monetization, which is ultimately borne by over-issuing currency and diluting taxpayers.</b></p><p>Historical experience shows that the process of debt restructuring and disposal of custodian banks such as Silicon Valley Bank often requires monetization, that is, obtaining additional capital provided by the Treasury Department, the Federal Reserve, and the FDIC. It is an act of over-issuing currency in disguised form.</p><p><b>Excessive currency issuance brings high inflation and dilutes residents' purchasing power. At the same time, in order to curb high inflation, the U.S. rate hike has brought about a strong dollar cycle, and the world has paid the bill.</b></p><p>Since the epidemic, the Federal Reserve's balance sheet has nearly tripled, reaching a maximum of over 9 trillion US dollars, leading to high inflation, aggressive rate hike, and a strong dollar cycle in the United States. High inflation has severely damaged the purchasing power of the U.S. residential sector. At the same time, the United States is harvesting the global non-American economies and suppressing the economic growth momentum of non-American economies.</p><p><b>Behind this is the hegemony of the dollar.</b>The U.S. economy accounts for about 22% of the world economy, and its trade volume accounts for about 13% of global trade. However, US dollar-denominated transactions account for 50%, US dollar foreign exchange reserves account for 60%, and US dollar-denominated cross-border credit accounts for 50%.</p><p><b>There are deep-seated problems with the hegemony of the US dollar, which imposes shackles on the United States itself and peripheral countries. It is difficult to shake in the short term, but it is difficult to maintain in the long term.</b>Internally, under the mode of low savings and high consumption, the United States is deeply plagued by trade deficit and industrial hollowing out, with huge debt and fiscal deficit rising, and income gap widening. Externally, the United States controls the global cross-border payment system, frequently imposes financial sanctions, freezes assets, and uses its voting rights in international organizations to restrict the financing channels and conditions of other countries.<b>Seigniorage is levied on the whole world, exporting inflation devalues debt, dilutes the accumulated foreign exchange reserves of various countries, and other economies are forced to bear imported inflation, debt depreciation and financial fluctuations.</b></p><p><b>The current thunderstorm of Silicon Valley Bank is a backlash to its financial industry and upstart capital, as well as the liquidation of the Federal Reserve's unlimited QE.</b></p><p><b>At present, China is on the path of recovery, and it has to be hard to strike while the iron is hot. China's top priority is to develop its economy and strive for it. Development is the best foundation for risk prevention. If the economic recovery plan to expand domestic demand led by new infrastructure and new energy can be launched, it is expected to turn crises into opportunities, just like in 2009. If the response is strong, China's economy is expected to lead the world again in 2023.</b></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/49\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/947583bee22e443aa795464217837990);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">泽平宏观 </p>\n<p class=\"h-time smaller\">2023-03-14 10:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On the evening of March 12, 2023, U.S. time, the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly issued a statement:</p><p>1. Allow the Federal Deposit Insurance Corporation (FDIC) to complete the inspection in a way that fully protects all depositors<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The liquidation of. Depositors will receive their full funds starting March 13, and the liquidation of Silicon Valley Bank will not cost taxpayers any losses. The same applies to New York City, which is closing today<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>。 2. Correspondingly, shareholders and some unsecured owners cannot be protected, and senior managers have been dismissed. 3. The Federal Reserve announced that it will provide additional funds to eligible depository institutions. The Federal Reserve will create a new Bank Term Funding Program (BTFP) to provide loans for up to one year to depository institutions such as banks, savings associations, credit unions and foreign bank branches in the United States. 4. The Ministry of Finance will provide up to US $25 billion from the Foreign Exchange Stabilization Fund to support BTFP.<b>1. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly took action to protect Silicon Valley Bank depositors and curb the escalation of the crisis</b></p><p><b>Targeting<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Risk events, U.S. response measures: 1) The Federal Deposit Insurance Corporation (FDIC) released the Deposit Insurance Fund (DIF) to cover depositors; 2) Launched the Bank Term Funding Program (BTFP) to provide liquidity support for banks. In the short term, the two measures may be more effective in solving the emerging run on U.S. banks, while easing market sentiment.</b></p><p>Specifically:</p><p><b>1) For banks that have been under custody, in addition to selling their assets to raise funds, the remaining funding gap will be filled through the FDIC's Deposit Insurance Fund (DIF) to ensure the assets of depositors.</b>At the end of 2022, the FDIC had a total of $128.8 billion in premiums.</p><p><b>But it also brings certain risks. If the FDIC needs to obtain more premium income in the future, it may prompt the banking system to reserve more cash and its equivalents, and banks will face hidden liquidity problems in the medium term.</b></p><p>For example, there are three supplementary channels for DIF premiums. The first is to collect a one-time special premium, the second is to collect premiums in advance, and the third is to borrow money from the Ministry of Finance. In June 2009, the FDIC collected special premiums totaling US $5.5 billion, which put some pressure on the liquidity of the overall banking industry; In December 2009, the FDIC collected advance premiums totaling $4.57 billion, further limiting the credit capacity of banks in crisis situations.</p><p><img src=\"https://static.tigerbbs.com/f73556cb9b98de09bec3bbc0f7200b57\" tg-width=\"1033\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>2) The Federal Reserve's newly launched Bank Term Funding Program (BTFP) injects liquidity into banks' reserve accounts through collateral discounts of high-quality securities.</b>The collateral is mainly assets such as U.S. debt, institutional debt and mortgage-backed securities; And the mortgage value of these assets will be calculated at face value, with an interest rate of OIS + 10bp; There is no upper limit for use by a single institution, and institutions are allowed to repay in advance.<b>This means that borrowing from BTFP can obtain more cash liquidity than the Discount Window and the Standing Repo Facility.</b></p><p><b>BTFP easing during the current period of tightening financial conditions and increased liquidity pressures<a href=\"https://laohu8.com/S/FISI\">Financial institution</a>Pressure to sell these high-quality securities at a discount in the market to recover liquidity. At the same time, the asset side of the Federal Reserve receives mortgaged securities, and the liability side increases the reserves of banks and other financial institutions, and the entire balance sheet will expand slightly again.</b></p><p><b>2. More than one cockroach in the kitchen: the United States is facing an entire banking crisis and a liquidity crisis</b></p><p><b>Silicon Valley Bank, Signature Bank, and<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Continuous thunderstorms. This is only the tip of the iceberg of risks in the US banking industry. The Federal Reserve is facing the whole banking crisis and liquidity crisis.</b></p><p><b>The Fed has helicoptered money for the past two years.</b>In March 2020, the Federal Reserve launched an unlimited quantitative easing, and then promised to maintain zero interest rates for a long time. As of March 2022, when the Federal Reserve declared a rate hike, its balance sheet had grown by 110% cumulatively, reaching a peak of 9 trillion. Among them, reserves, general accounts of the Ministry of Finance and overnight reverse repurchase, which measures remaining liquidity, increased by 135%, 57% and 712% respectively.</p><p><b>Banks are buying a large amount of American Treasury Bond in an environment of excess liquidity.</b>In the environment of global flood release in 2020, the demand for bank loans is weak, and bank funds have nowhere to go. Between the fourth quarter of 2019 and the fourth quarter of 2022, deposits in the U.S. banking sector increased by more than $5 trillion, of which only 14% was used for loans. Meanwhile, overnight reverse repurchase accounts, money market funds and T-Bills have lower yields. Cash deposited in the Fed's overnight reverse repurchase account can only obtain an annualized return of about 5bp-15bp, and money market funds and T-Bills can only obtain an annualized return of less than 20bp. As of March 15, 2022, before the Federal Reserve announced the rate hike, U.S. commercial banks held approximately US $4.6 trillion in Treasury Bond, an increase of 53% from before the quantitative easing began.</p><p><b>In March 2022, the Federal Reserve launched an aggressive rate hike, with bank assets shrinking and liability-side savings flowing out, falling into tight liquidity.</b>As of March 2023, the Federal Reserve has accumulated 450 basis points of rate hike, causing a rapid surge in U.S. bond yields. The prices of U.S. bond assets that were previously purchased in large quantities under the background of loose liquidity fell sharply, and U.S. Treasury Bond classified as assets for sale (AFS) began to experience floating losses. According to FDIC data, as of the fourth quarter of 2022, unrealized losses in the U.S. banking system were approximately US $620 billion, of which saleable Treasury Bond and securities were approximately US $279.5 billion.</p><p><b>Judging from the tools and solutions currently announced by the Federal Reserve, they only play a role in supporting the bank's assets, but have not effectively suppressed the risk of savings outflows on the liability side.</b></p><p><b>Whether the Fed needs to clean up all battlefields and prevent the financial crisis depends on whether the Fed can respond in time, stop the chain of infection, and gain market trust.</b></p><p><img src=\"https://static.tigerbbs.com/cbdcfb5edabd0bdc3b8c18e9e2ec9695\" tg-width=\"1037\" tg-height=\"729\" referrerpolicy=\"no-referrer\"/></p><p><b>3. The Federal Reserve claims that taxpayers don't have to burden it. Who pays the bill?</b></p><p><b>U.S. Treasury Secretary Yellen said that \"taxpayers will not bear any losses in the liquidation of Silicon Valley Bank.\" This is indeed the case on the surface: neither the FDIC premium income to bail out the custodian bank nor the BTFP to supplement liquidity directly comes from government spending.</b></p><p><b>The fact is, most of all debt restructuring is debt monetization, which is ultimately borne by over-issuing currency and diluting taxpayers.</b></p><p>Historical experience shows that the process of debt restructuring and disposal of custodian banks such as Silicon Valley Bank often requires monetization, that is, obtaining additional capital provided by the Treasury Department, the Federal Reserve, and the FDIC. It is an act of over-issuing currency in disguised form.</p><p><b>Excessive currency issuance brings high inflation and dilutes residents' purchasing power. At the same time, in order to curb high inflation, the U.S. rate hike has brought about a strong dollar cycle, and the world has paid the bill.</b></p><p>Since the epidemic, the Federal Reserve's balance sheet has nearly tripled, reaching a maximum of over 9 trillion US dollars, leading to high inflation, aggressive rate hike, and a strong dollar cycle in the United States. High inflation has severely damaged the purchasing power of the U.S. residential sector. At the same time, the United States is harvesting the global non-American economies and suppressing the economic growth momentum of non-American economies.</p><p><b>Behind this is the hegemony of the dollar.</b>The U.S. economy accounts for about 22% of the world economy, and its trade volume accounts for about 13% of global trade. However, US dollar-denominated transactions account for 50%, US dollar foreign exchange reserves account for 60%, and US dollar-denominated cross-border credit accounts for 50%.</p><p><b>There are deep-seated problems with the hegemony of the US dollar, which imposes shackles on the United States itself and peripheral countries. It is difficult to shake in the short term, but it is difficult to maintain in the long term.</b>Internally, under the mode of low savings and high consumption, the United States is deeply plagued by trade deficit and industrial hollowing out, with huge debt and fiscal deficit rising, and income gap widening. Externally, the United States controls the global cross-border payment system, frequently imposes financial sanctions, freezes assets, and uses its voting rights in international organizations to restrict the financing channels and conditions of other countries.<b>Seigniorage is levied on the whole world, exporting inflation devalues debt, dilutes the accumulated foreign exchange reserves of various countries, and other economies are forced to bear imported inflation, debt depreciation and financial fluctuations.</b></p><p><b>The current thunderstorm of Silicon Valley Bank is a backlash to its financial industry and upstart capital, as well as the liquidation of the Federal Reserve's unlimited QE.</b></p><p><b>At present, China is on the path of recovery, and it has to be hard to strike while the iron is hot. China's top priority is to develop its economy and strive for it. Development is the best foundation for risk prevention. If the economic recovery plan to expand domestic demand led by new infrastructure and new energy can be launched, it is expected to turn crises into opportunities, just like in 2009. If the response is strong, China's economy is expected to lead the world again in 2023.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"161125":"标普500","LU1861217088.USD":"贝莱德金融科技A2","UDOW":"三倍做多道指30ETF-ProShares","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空","OEX":"标普100",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","IVV":"标普500ETF-iShares","BK4581":"高盛持仓","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","SPXU":"三倍做空标普500ETF-ProShares","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185555153","content_text":"美国时间2023年3月12日晚,美国财政部、美联储和联邦存款保险公司联合发表声明:1、允许联邦存款保险公司(FDIC)以全额保护所有存款人的方式完成对硅谷银行的清算。存款人将从3月13日开始获得他们的全额资金,硅谷银行的清算不会由纳税人承担任何损失。同样应用于今天关闭的纽约市Signature Bank。2、相对应的,股东和部分次级债权(unsecured)拥有人则无法获得保护,高级管理人员也已经被撤职。3、美联储宣布,将向符合条件的存款机构提供额外资金。美联储将创建新的银行期限资金计划(BTFP),向银行、储蓄协会、信用合作社和在美国的国外银行分行等存款机构提供最长为一年的贷款。4、财政部将从外汇稳定基金中提供高达250亿美元的资金支持BTFP。1、美国财政部、美联储、联邦存款保险公司联合出手,为硅谷银行储户兜底,遏制危机升级针对美国银行风险事件,美国应对措施:1)联邦存款保险公司(FDIC)释放存款保险基金(DIF),为储户兜底;2)推出银行期限资金计划(BTFP),为银行提供流动性支持。短期看,两项措施或较有效的解决初现苗头的美国银行挤兑潮,同时缓和市场情绪。具体来看:1)针对已经被托管的银行,除开将其资产变卖以筹措资金外,其余的资金缺口将通过FDIC的存款保险基金(DIF)补齐,保证了储户的资产。截至2022年底,FDIC共有保费1288亿美元。但也会带来一定的风险。如果未来FDIC需要获得更多的保费收入,可能会促使银行系统储备更多的现金及其等价物,银行中期来看面临隐性流动性问题。举例来说,DIF保费有三个补充的渠道,第一是收取一次性特别保费,第二是提前收取保费,第三个是向财政部借款。2009年6月,FDIC收取了特别保费共计55亿美元,对整体银行业流动性带来了一定压力;2009年12月,FDIC收取了提前保费共计45.7亿美元,进一步限制了在危机情形下银行的信贷能力。2)美联储新推出的银行期限资金计划(BTFP),通过高质量证券抵押贴现的方式向银行的准备金账户注入流动性。抵押品主要以美债、机构债和抵押贷款支持证券等资产为主;且这些资产的抵押价值将以面值计算,利率为OIS + 10bp;不设置单一机构使用的上限,且允许机构提前还款。这意味着,相较于贴现窗口(Discount Window)和常规回购工具(Standing Repo Facility),向BTFP借款可以获得更多的现金流动性。在当前金融环境收紧和流动性压力增加的时期,BTFP缓解金融机构在市场上折价出售这些高质量证券回升流动性的压力。同时,美联储的资产端收到抵押的证券,负债端增加银行等金融机构的准备金,整个资产负债表也会再次小幅扩张。2、厨房里不止一只蟑螂:美国面临的是整个银行业危机和流动性危机美国硅谷银行、Signature银行、以及第一共和银行连续暴雷。这仅仅是美国银行业风险的冰山一角,美联储面临的是整个银行业危机和流动性危机。美联储过去两年直升机撒钱。2020年3月美联储推出无限量量化宽松,随后承诺将长时间维持0利率水平。截至2022年3月美联储宣布加息时,其资产负债表累计增长110%,达到9万亿峰值。其中准备金、财政部一般账户以及衡量剩余流动性的隔夜逆回购用量分别增长135%、57%以及712%。银行在流动性过剩的环境下大量购入美国国债。在2020年全球大放水的环境下,银行贷款需求疲软,银行资金无处可去。2019年第四季度至2022年第四季度期间,美国银行业存款增加了超过5万亿美元,其中仅14%被用于贷款。同时,隔夜逆回购账户、货币市场基金和T-Bills等收益较低。现金存入美联储隔夜逆回购账户只能获得约5bp-15bp的年化收益,货币市场基金与T-Bills也仅有不到20bp的年化收益。截至2022年3月15日美联储宣布加息前,美国商业银行持有国债约4.6万亿美元,较量化宽松开始前增加53%。2022年3月,美联储开启激进加息,银行资产端缩水、负债端储蓄流出,陷入流动性紧张。截至2023年3月,美联储累计加息450个基点,导致美债收益率快速飙升。此前在流动性宽松背景下大量购买的美债资产价格出现大幅下跌,被归类为可出售资产(AFS)的美国国债开始出现浮亏。根据FDIC数据,截至2022年第四季度,美国银行系统内未实现损失约为6200亿美元,其中可售国债及证券约为2795亿美元。从目前美联储公布的工具以及解决方案来看,仅对银行资产端起到了托底的作用,但对负债端储蓄流出的风险没有进行有效抑制。美联储要打扫所有战场,能否防止金融危机,取决于美联储能否应对及时、阻止传染链条、以及获取市场信任。3、美联储宣称不必纳税人负担,究竟谁买单?美国财长耶伦表示“硅谷银行的清算不会由纳税人承担任何损失”,从表象上确实如此:无论是救助被托管银行的FDIC保费收入,还是对流动性进行补充的BTFP都不直接来自于政府支出。事实是,所有的债务重组多数是债务货币化,最终都由超发货币进而稀释纳税人承担。历史经验表明,硅谷银行等被托管银行进行债务重组和处置的过程往往需要货币化,即获得财政部、美联储、FDIC为其提供的额外资本。属于变相超发货币的行为。货币超发带来高通胀,稀释居民购买力。同时,为了抑制高通胀,美国加息,带来强美元周期,全球买单。疫情以来,美联储的资产负债表翻了近三倍,最高达到了超9万亿美元,导致了美国通胀高企、激进加息、强美元周期。高通胀严重损害了美国居民部门的购买力。同时,美国在收割全球非美经济体、压制非美经济体的经济增长动能。这背后是美元霸权。美国经济占世界经济22%左右,贸易量占全球贸易13%左右,但以美元计价的交易占了50%,美元外汇储备占了60%,以美元计价的跨境信贷占了50%。美元霸权存在深层次问题,给美国自身和外围国家均施加桎梏,短期难以撼动,但长期难以维系。对内,低储蓄和高消费模式下,美国深受贸易逆差、产业空心化困扰,巨额债务和财政赤字攀升,收入差距拉大。对外,美国控制全球跨境支付系统,频繁实施金融制裁,冻结资产,利用对国际组织的表决权,限制他国的融资渠道和融资条件,向全世界征收铸币税,输出通胀使债务贬值,稀释各国积累的外汇储备,其他经济体被迫承受输入性通货膨胀、债权贬值和金融波动。而现在硅谷银行的暴雷正是对其金融业和新贵资本的反噬,以及对美联储无限量QE的清算。当前中国正处于复苏的通道,打铁还得自身硬,中国当务之急是发展经济,全力拼经济。发展是防风险最好的根基。如果能够启动以新基建新能源领先的扩大内需经济复苏计划,有望化危为机,就像2009年一样,如果应对有力,2023年中国经济有望重新引领全球。","news_type":1,"symbols_score_info":{"161125":0.9,"ESmain":0.9,"SPXU":0.9,"OEX":0.9,"IVV":0.9,"SIVB":0.9,"DJX":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9,"NQmain":0.9,".IXIC":0.9,"UDOW":0.9,"DOG":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":3010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537675,"gmtCreate":1678747128397,"gmtModify":1678747132476,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537675","repostId":"1110580899","repostType":4,"repost":{"id":"1110580899","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678714241,"share":"https://ttm.financial/m/news/1110580899?lang=en_US&edition=fundamental","pubTime":"2023-03-13 21:30","market":"us","language":"zh","title":"Opening | U.S. stocks collectively open low, First Republic Bank plummeted 67%","url":"https://stock-news.laohu8.com/highlight/detail?id=1110580899","media":"老虎资讯综合","summary":"道指跌约280点,纳指跌0.85%,标普500指数跌超1%。","content":"<p><html><head></head><body>On Monday, March 13, U.S. stocks opened. The Dow fell about 280 points, the Nasdaq fell 0.85%, and the S&P 500 fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/6d411f2c0bfc38704d43eaab5d0c08ef\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Bank stocks fell sharply, First Republic Bank fell 67%, Alliance West Bank fell 75%, PacWest Bancorp triggered a circuit breaker at the beginning of the session, after falling about 35% before, Credit Suisse fell more than 8%, U.S. Bank fell 8.7%, Bank of America and Wells Fargo fell more than 7%, Citigroup fell more than 6%, UBS and Barclays fell nearly 5%.</p><p><img src=\"https://static.tigerbbs.com/ea7c20aecde1af34087b632df98a53fd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Tesla fell at the beginning of the session, falling more than 5% at one point. Analysts say Tesla could also fall victim to the Silicon Valley Bank thunderstorm.</p><p>Biotechnology company Seagen rose more than 15%, and Pfizer plans to acquire the company in cash at a price of $229 per share.</p><p>Biopharmaceutical company Provention Bio soared more than 240%, hitting a maximum of $24.09. On the news, Sanofi will acquire the company for $25 per share in cash.</p><p><img src=\"https://static.tigerbbs.com/48c27c3227e67bb03f87d75e000a4a41\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>With an increase of more than 2%, Ideal has launched a price guarantee policy. Within 90 days from the date of order, if the official price of the purchased model is reduced, Li Auto will voluntarily refund the price difference.</p><p>XPeng Motor fell more than 3%, and Nio fell more than 5%.</p><p>Popular Chinese concept stocks were mixed. Alibaba fell 0.86%, JD.com fell 1.88%, Pinduoduo rose 0.4%, Baidu rose 0.23%, and Bilibili rose more than 4%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening | U.S. stocks collectively open low, First Republic Bank plummeted 67%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening | U.S. stocks collectively open low, First Republic Bank plummeted 67%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-13 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Monday, March 13, U.S. stocks opened. The Dow fell about 280 points, the Nasdaq fell 0.85%, and the S&P 500 fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/6d411f2c0bfc38704d43eaab5d0c08ef\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Bank stocks fell sharply, First Republic Bank fell 67%, Alliance West Bank fell 75%, PacWest Bancorp triggered a circuit breaker at the beginning of the session, after falling about 35% before, Credit Suisse fell more than 8%, U.S. Bank fell 8.7%, Bank of America and Wells Fargo fell more than 7%, Citigroup fell more than 6%, UBS and Barclays fell nearly 5%.</p><p><img src=\"https://static.tigerbbs.com/ea7c20aecde1af34087b632df98a53fd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Tesla fell at the beginning of the session, falling more than 5% at one point. Analysts say Tesla could also fall victim to the Silicon Valley Bank thunderstorm.</p><p>Biotechnology company Seagen rose more than 15%, and Pfizer plans to acquire the company in cash at a price of $229 per share.</p><p>Biopharmaceutical company Provention Bio soared more than 240%, hitting a maximum of $24.09. On the news, Sanofi will acquire the company for $25 per share in cash.</p><p><img src=\"https://static.tigerbbs.com/48c27c3227e67bb03f87d75e000a4a41\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>With an increase of more than 2%, Ideal has launched a price guarantee policy. Within 90 days from the date of order, if the official price of the purchased model is reduced, Li Auto will voluntarily refund the price difference.</p><p>XPeng Motor fell more than 3%, and Nio fell more than 5%.</p><p>Popular Chinese concept stocks were mixed. Alibaba fell 0.86%, JD.com fell 1.88%, Pinduoduo rose 0.4%, Baidu rose 0.23%, and Bilibili rose more than 4%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110580899","content_text":"3月13日周一,美股开盘,道指跌约280点,纳指跌0.85%,标普500指数跌超1%。银行股重挫,第一共和银行跌67%,阿莱恩斯西部银行跌75%,PacWest Bancorp盘初触发熔断,此前跌约35%,瑞士信贷跌超8%,美国合众银行跌8.7%,美国银行、富国银行跌超7%,花旗集团跌超6%,瑞银、巴克莱跌近5%。特斯拉盘初下挫,一度跌超5%。分析师称特斯拉也可能成为硅谷银行暴雷的受害者。生物技术公司Seagen涨超15%,辉瑞拟以229美元/股的价格现金收购该公司。生物制药公司Provention Bio暴涨超240%,最高触及24.09美元。消息面上,赛诺菲将以每股25美元现金收购该公司。理想汽车涨超2%,理想推出保价政策,自定购日起90天内,若所购车型官方售价有降价情形,理想汽车将主动返还差价。小鹏汽车跌超3%,蔚来跌超5%。热门中概股涨跌不一,阿里巴巴跌0.86%,京东跌1.88%,拼多多涨0.4%,百度涨0.23%,哔哩哔哩涨超4%。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537861,"gmtCreate":1678747112454,"gmtModify":1678747115892,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537861","repostId":"2319429067","repostType":4,"isVote":1,"tweetType":1,"viewCount":2522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537192,"gmtCreate":1678747075616,"gmtModify":1678747079650,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537192","repostId":"1145863607","repostType":4,"repost":{"id":"1145863607","kind":"news","pubTimestamp":1678716482,"share":"https://ttm.financial/m/news/1145863607?lang=en_US&edition=fundamental","pubTime":"2023-03-13 22:08","market":"us","language":"zh","title":"It's more than just banks! American financial giants can't escape the \"robbery\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1145863607","media":"华尔街见闻","summary":"嘉信理财的净利息收入也如同其他银行一样,面临着越来越大的风险。","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The impact of the crisis began to spread, and the financial giants also suffered a plunge.</p><p>On Monday,<a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>Sharp open low, falling more than 23% at the beginning of the session, the largest intraday decline in record, and the intraday decline exceeded 16% as of press time.</p><p><img src=\"https://static.tigerbbs.com/e1d6b4d069d0d2bd8ef45177d4ea1d66\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>As an asset management giant, Schwab's portfolio of businesses grew to include financial advisory, custody services for registered investment advisors, and banking and lending. With the advent of commission-free trading, Schwab's other revenue streams are beginning to take on more importance.</p><p>Charles Schwab's fourth-quarter earnings report showed that the company made more than $10 billion in net interest income last year, accounting for about half of its total full-year revenue.<b>That portion of revenue is the difference between the interest Schwab earns on bonds and loans and the interest it pays on customer deposits.</b></p><p><b>As interest rates rise, Schwab's net interest income, like other banks, is facing increasing risks.</b></p><p>When short-term interest rates exceed 5%, investors are reluctant to leave cash idle in bank accounts.</p><p>In the fourth quarter of last year, Schwab's deposits fell 17% from a year earlier and 7% from the third quarter, and in its most recently updated report, Schwab's client cash as a percentage of client assets fell to 11.6% in January from 12.3% in December.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Pointed out that,<b>As short-term borrowing peaks later this year, Schwab's net interest margin could come under pressure-with<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>Exactly the same dilemma.</b></p><p>Morningstar analyst Michael Wong wrote in a March 9 research note:</p><p>Many banks and companies with related banking entities, such as Charles Schwab, also have significant unrealized losses on fixed-income securities on their balance sheets, as recent rising interest rates have reduced the value of the securities. Charles Schwab said in its fourth-quarter report that it took steps to boost liquidity last year, including accumulating available cash and tapping limited short-term funding sources such as retail certificates of deposit.</p><p>Analysts at Keefe, Bruyette & Woods said the speed at which customers move cash may remain a concern for investors, though they don't think a deeper deposit outflow will lead to capital problems for Schwab, but it could raise questions about the company's near-term profitability Questions have forced Schwab to suspend or reduce buybacks.</p><p></body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It's more than just banks! American financial giants can't escape the \"robbery\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt's more than just banks! American financial giants can't escape the \"robbery\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-13 22:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The impact of the crisis began to spread, and the financial giants also suffered a plunge.</p><p>On Monday,<a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>Sharp open low, falling more than 23% at the beginning of the session, the largest intraday decline in record, and the intraday decline exceeded 16% as of press time.</p><p><img src=\"https://static.tigerbbs.com/e1d6b4d069d0d2bd8ef45177d4ea1d66\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>As an asset management giant, Schwab's portfolio of businesses grew to include financial advisory, custody services for registered investment advisors, and banking and lending. With the advent of commission-free trading, Schwab's other revenue streams are beginning to take on more importance.</p><p>Charles Schwab's fourth-quarter earnings report showed that the company made more than $10 billion in net interest income last year, accounting for about half of its total full-year revenue.<b>That portion of revenue is the difference between the interest Schwab earns on bonds and loans and the interest it pays on customer deposits.</b></p><p><b>As interest rates rise, Schwab's net interest income, like other banks, is facing increasing risks.</b></p><p>When short-term interest rates exceed 5%, investors are reluctant to leave cash idle in bank accounts.</p><p>In the fourth quarter of last year, Schwab's deposits fell 17% from a year earlier and 7% from the third quarter, and in its most recently updated report, Schwab's client cash as a percentage of client assets fell to 11.6% in January from 12.3% in December.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Pointed out that,<b>As short-term borrowing peaks later this year, Schwab's net interest margin could come under pressure-with<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>Exactly the same dilemma.</b></p><p>Morningstar analyst Michael Wong wrote in a March 9 research note:</p><p>Many banks and companies with related banking entities, such as Charles Schwab, also have significant unrealized losses on fixed-income securities on their balance sheets, as recent rising interest rates have reduced the value of the securities. Charles Schwab said in its fourth-quarter report that it took steps to boost liquidity last year, including accumulating available cash and tapping limited short-term funding sources such as retail certificates of deposit.</p><p>Analysts at Keefe, Bruyette & Woods said the speed at which customers move cash may remain a concern for investors, though they don't think a deeper deposit outflow will lead to capital problems for Schwab, but it could raise questions about the company's near-term profitability Questions have forced Schwab to suspend or reduce buybacks.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3683923\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/db7c43fbe3505163a87d780d51b9837d","relate_stocks":{"SCHW":"嘉信理财"},"source_url":"https://wallstreetcn.com/articles/3683923","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1145863607","content_text":"美国银行危机影响开始蔓延,理财巨头也遭遇了暴跌。周一,嘉信理财大幅低开,盘初一度跌超23%,创纪录最大盘中跌幅,截至发稿盘中跌幅超16%。作为资产管理巨头,嘉信理财的业务组合发展到包括金融咨询、注册投资顾问托管服务以及银行和贷款。随着免佣金交易的出现,嘉信理财的其他收入来源也开始变得更为重要。嘉信理财第四季度收益报告显示,该公司去年取得了超过100亿美元的净利息收入,约占其全年总收入的一半。这部分收入是嘉信理财从债券和贷款上赚取的利息与支付客户存款利息之间的差额。随着利率上升,嘉信理财的净利息收入也如同其他银行一样,面临着越来越大的风险。在短期利率超过5%的情况下,投资者们都不太愿意将现金闲置在银行账户中。去年第四季度,嘉信理财的存款较上年同期下降17%,较第三季度下降7%,在最近更新的报告中,嘉信理财1月份客户现金占客户资产的比例从12月份的12.3%降至11.6%。摩根大通指出,随着短期借款在今年晚些时候达到峰值,嘉信理财的净息差可能面临压力——与硅谷银行、Signature Bank如出一辙的困境。晨星分析师Michael Wong在3月9日的一份研究报告中写道:许多银行和拥有相关银行实体的公司,如嘉信理财,在资产负债表上也有大量固定收益证券的未实现亏损,因为最近上升的利率降低了固定收益证券的价值。嘉信理财在其第四季度报告中称,该公司去年采取措施提振流动性,包括积累可用现金,并利用零售存单等有限的短期资金来源。Keefe, Bruyette & Woods的分析师表示,客户转移现金的速度可能仍是投资者担忧的一个问题,不过他们认为,更严重的存款外流不会导致嘉信理财出现资本问题,但这可能会引发人们对该公司近期盈利能力的质疑,并迫使嘉信理财暂停或减少回购。","news_type":1,"symbols_score_info":{"SCHW":0.9}},"isVote":1,"tweetType":1,"viewCount":3638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537389,"gmtCreate":1678747058241,"gmtModify":1678747061592,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537389","repostId":"1175929938","repostType":4,"repost":{"id":"1175929938","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678717786,"share":"https://ttm.financial/m/news/1175929938?lang=en_US&edition=fundamental","pubTime":"2023-03-13 22:29","market":"us","language":"zh","title":"Bitcoin breaks through $23,000, U.S. blockchain concept stocks rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1175929938","media":"老虎资讯综合","summary":"Marathon Digital涨超15%。","content":"<p><html><head></head><body>Bitcoin broke through $23,000, U.S. blockchain concept stocks rose, Marathon Digital rose more than 15%, Riot Blockchain rose more than 13%, MicroStrategy rose nearly 11%, and Coinbase rose more than 7%.</p><p><img src=\"https://static.tigerbbs.com/fa6387a9cc927c43587042941bb88cf4\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin breaks through $23,000, U.S. blockchain concept stocks rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin breaks through $23,000, U.S. blockchain concept stocks rise\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-13 22:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Bitcoin broke through $23,000, U.S. blockchain concept stocks rose, Marathon Digital rose more than 15%, Riot Blockchain rose more than 13%, MicroStrategy rose nearly 11%, and Coinbase rose more than 7%.</p><p><img src=\"https://static.tigerbbs.com/fa6387a9cc927c43587042941bb88cf4\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"COIN":"Coinbase Global, Inc.","MSTR":"Strategy","RIOT":"Riot Platforms","MARA":"MARA Holdings"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175929938","content_text":"比特币突破23000美元,美股区块链概念股走高,Marathon Digital涨超15%,Riot Blockchain涨超13%,MicroStrategy涨近11%,Coinbase涨超7%。","news_type":1,"symbols_score_info":{"RIOT":0.9,"MARA":0.9,"COIN":0.9,"MSTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537911,"gmtCreate":1678747044234,"gmtModify":1678747048124,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537911","repostId":"1161620075","repostType":4,"isVote":1,"tweetType":1,"viewCount":3437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":627725630,"gmtCreate":1678706193521,"gmtModify":1678706193521,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"6597593524","listText":"6597593524","text":"6597593524","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/627725630","repostId":"1121669256","repostType":4,"repost":{"id":"1121669256","kind":"news","pubTimestamp":1678697932,"share":"https://ttm.financial/m/news/1121669256?lang=en_US&edition=fundamental","pubTime":"2023-03-13 16:58","market":"us","language":"zh","title":"First Republic Bank fell more than 60% before the market. Will these three small American banks collapse tonight?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121669256","media":"华尔街见闻","summary":"昨日(周日)第一共和银行部分分行外已有存户排队。","content":"<p><html><head></head><body>On Monday, March 13, the crisis at Silicon Valley Bank continued to ferment, and California-based<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>(First Republic Bank) The pre-market decline of U.S. stocks continued to expand, falling more than 60% so far. Some people in the U.S. financial circles and cryptocurrency circles posted that the U.S. Federal Deposit Insurance Corporation (FDIC) also plans to enter First Republic Bank. It is rumored that the bank may be taken over by the FDIC as soon as Monday. Yesterday (Sunday), there were depositors queuing up outside some branches of First Republic Bank. It is expected that they will wait all night, hoping to wait for the bank to withdraw their deposits immediately when it opens on Monday morning, US time.</p><p><img src=\"https://static.tigerbbs.com/8a20d1f574453f8287dcce50f6ba300d\" tg-width=\"449\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, Western Alliance Bancorporation (Western Alliance Bancorporation) fell 20% before the market; PacWest Bancorp fell more than 28% before the market, after updating financial information in light of recent industry events and reiterating its capital and liquidity strategy.</p><p><img src=\"https://static.tigerbbs.com/ca49fb8ccde900d85765ec9a63ccdf27\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>Wall Street News previously mentioned that statistics showed that 102 of the 108 banks expanded their net interest margins in the fourth quarter of last year. The remaining 10 banks have seen their net interest margins narrow or expand the least in the past year: Silicon Valley Bank ranked 11th, with a ratio of net interest income to average total assets of 1.93% in the fourth quarter of last year, higher than the same period last year. 1.83%.</p><p>The media pointed out that before SIVB, the parent company of Silicon Valley Bank, decided to raise funds on a large scale, changes in the company's net interest margin, also known as net interest margin (NIM), had hinted that Silicon Valley Bank could not cope well with rising interest rates and loan growth in the venture capital sector. A slowing double-whammy environment.</p><p>Therefore, using NIM as an indicator, after the explosion of Silicon Valley Bank, the media believed that,<b>Ten more banks could be in such a crisis because their NIM has all narrowed over the past year, or expanded slightly.</b>In the list, First Republic Bank fell by more than 50% at the beginning of last Friday, and suspended trading more than once during the session due to excessive stock price fluctuations. At the end of the morning, the decline was less than 0.06%, and it expanded to more than 10% at midday.</p><p>But First Republic Bank said at the time that the company's savings fund base is strong and has considerable diversity. The liquidity situation is also very strong, with only 4% of savings currently related to the technology industry.</p><p></body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic Bank fell more than 60% before the market. Will these three small American banks collapse tonight?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Republic Bank fell more than 60% before the market. Will these three small American banks collapse tonight?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-13 16:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Monday, March 13, the crisis at Silicon Valley Bank continued to ferment, and California-based<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>(First Republic Bank) The pre-market decline of U.S. stocks continued to expand, falling more than 60% so far. Some people in the U.S. financial circles and cryptocurrency circles posted that the U.S. Federal Deposit Insurance Corporation (FDIC) also plans to enter First Republic Bank. It is rumored that the bank may be taken over by the FDIC as soon as Monday. Yesterday (Sunday), there were depositors queuing up outside some branches of First Republic Bank. It is expected that they will wait all night, hoping to wait for the bank to withdraw their deposits immediately when it opens on Monday morning, US time.</p><p><img src=\"https://static.tigerbbs.com/8a20d1f574453f8287dcce50f6ba300d\" tg-width=\"449\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, Western Alliance Bancorporation (Western Alliance Bancorporation) fell 20% before the market; PacWest Bancorp fell more than 28% before the market, after updating financial information in light of recent industry events and reiterating its capital and liquidity strategy.</p><p><img src=\"https://static.tigerbbs.com/ca49fb8ccde900d85765ec9a63ccdf27\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>Wall Street News previously mentioned that statistics showed that 102 of the 108 banks expanded their net interest margins in the fourth quarter of last year. The remaining 10 banks have seen their net interest margins narrow or expand the least in the past year: Silicon Valley Bank ranked 11th, with a ratio of net interest income to average total assets of 1.93% in the fourth quarter of last year, higher than the same period last year. 1.83%.</p><p>The media pointed out that before SIVB, the parent company of Silicon Valley Bank, decided to raise funds on a large scale, changes in the company's net interest margin, also known as net interest margin (NIM), had hinted that Silicon Valley Bank could not cope well with rising interest rates and loan growth in the venture capital sector. A slowing double-whammy environment.</p><p>Therefore, using NIM as an indicator, after the explosion of Silicon Valley Bank, the media believed that,<b>Ten more banks could be in such a crisis because their NIM has all narrowed over the past year, or expanded slightly.</b>In the list, First Republic Bank fell by more than 50% at the beginning of last Friday, and suspended trading more than once during the session due to excessive stock price fluctuations. At the end of the morning, the decline was less than 0.06%, and it expanded to more than 10% at midday.</p><p>But First Republic Bank said at the time that the company's savings fund base is strong and has considerable diversity. The liquidity situation is also very strong, with only 4% of savings currently related to the technology industry.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3683893\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ab829791189dcecae5ae68172028ca31","relate_stocks":{"WAL":"阿莱恩斯西部银行","PACW":"西太平洋合众银行"},"source_url":"https://wallstreetcn.com/articles/3683893","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1121669256","content_text":"3月13日周一,硅谷银行危机继续发酵,总部位于加州的第一共和银行(First Republic Bank)美股盘前跌幅不断扩大,截至目前跌超60%。有美国财经界及加密币圈人士发贴,声称美国联邦存款保险公司(FDIC)亦拟进驻第一共和银行,有传该银行可能最快周一便会被FDIC接管。昨日(周日)第一共和银行部分分行外已有存户排队,料他们将会通宵轮候,希望等候美国时间周一早上银行开门时立即提走存款。同时,阿莱恩斯西部银行(Western Alliance Bancorporation)盘前跌20%;PacWest Bancorp盘前一度跌超28%,此前鉴于近期的行业事件更新财务信息,并重申其资本和流动资金战略。华尔街见闻此前提及,统计结果显示,108家银行中有102家银行去年第四季度净息差扩大。剩下的10家银行在过去一年净息差收窄、或扩大幅度最小:硅谷银行排在第11位,去年第四季度净利息收入和平均总资产比值为1.93%,高于去年同期的1.83%。媒体指出,在硅谷银行母公司SIVB决定大举筹资以前,该公司的净利息收益率、又名净息差(NIM)变动已经暗示,硅谷银行无法很好地应对利率上升、同时风险投资领域贷款增长放缓的双重打击环境。因此以NIM为指标衡量,在硅谷银行爆雷后,媒体认为,还有十家银行可能陷入这样的危机,因为他们过去一年的NIM都收窄,或者略有扩大。在名单中,第一共和银行上周五盘初曾跌超50%,盘中不止一次因为股价波动过大而暂停交易,早盘尾声时跌幅一度不足0.06%,午盘又扩大到10%以上。但第一共和银行当时表示,公司储蓄资金基础强大,并有可观的多样性。流动性状况同样非常强劲,目前仅有4%的储金与科技行业相关。","news_type":1,"symbols_score_info":{"PACW":0.9,"FRC":0.9,"WAL":0.9}},"isVote":1,"tweetType":1,"viewCount":2827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959942070,"gmtCreate":1672886015590,"gmtModify":1676538753627,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C76.SI\">$创新科技(C76.SI)$ </a> Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","listText":"<a href=\"https://ttm.financial/S/C76.SI\">$创新科技(C76.SI)$ </a> Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","text":"$创新科技(C76.SI)$ Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9959942070","isVote":1,"tweetType":1,"viewCount":1973,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3550998686387787","idStr":"3550998686387787"},"content":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage","text":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage","html":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927556855,"gmtCreate":1672541526577,"gmtModify":1676538702936,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927556855","repostId":"1104497166","repostType":4,"repost":{"id":"1104497166","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672539183,"share":"https://ttm.financial/m/news/1104497166?lang=en_US&edition=fundamental","pubTime":"2023-01-01 10:13","market":"us","language":"en","title":"Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record","url":"https://stock-news.laohu8.com/highlight/detail?id=1104497166","media":"Tiger Newspress","summary":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving anoth","content":"<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-01 10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104497166","content_text":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927900282,"gmtCreate":1672363241246,"gmtModify":1676538678743,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01398\">$工商银行(01398)$ </a>","listText":"<a href=\"https://ttm.financial/S/01398\">$工商银行(01398)$ </a>","text":"$工商银行(01398)$","images":[{"img":"https://community-static.tradeup.com/news/c799be99a4eb50d7458fc681848c89de","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927900282","isVote":1,"tweetType":1,"viewCount":1349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9964745677,"gmtCreate":1670215155799,"gmtModify":1676538322451,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964745677","isVote":1,"tweetType":1,"viewCount":1150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961517707,"gmtCreate":1668995239909,"gmtModify":1676538136066,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961517707","repostId":"2284033039","repostType":4,"repost":{"id":"2284033039","kind":"highlight","pubTimestamp":1668934033,"share":"https://ttm.financial/m/news/2284033039?lang=en_US&edition=fundamental","pubTime":"2022-11-20 16:47","market":"us","language":"en","title":"Wall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2284033039","media":"Bloomberg","summary":"BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as in","content":"<div>\n<p>BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 16:47 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284033039","content_text":"BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising inflation data over the past week or so suggest the Federal Reserve may accomplish a soft landing after all.Yet no such belief prevails among the big money managers, who are betting that an economic downturn riddled with still-hot price pressures will define trading next year.With a closely watched section of the Treasury yield curve sending fresh recession signals, stagflation is the consensus viewpoint among a whopping 92% of respondents in Bank of America Corp.’s latest fund-manager survey.At the same time, Citigroup Inc. is painting a scenario of the “Powell Push” in which the Fed will be compelled to hike even if growth plunges, while BlackRock Inc. sees no prospect of a soft landing either in the US or Europe.The bearish stance comes even as recent data on employment as well as consumer and producer prices -- combined with decent corporate earnings -- suggest the US central bank may actually succeed in its high-wire mission to ramp up borrowing costs without crashing the business cycle.Yet for now, the professional investing class will need to see more conclusive evidence of a benign shift in the economic trajectory before materially changing their defensive positioning across the beaten-up world of stocks and bonds.“Central banks will overtighten and push economies into moderate recession, but will stop hiking – before they have done enough to get inflation all the way down to target – as the damage from rate hikes becomes clearer,” said Wei Li, global chief investment strategist at BlackRock.Li sees a US growth slowdown, earnings downgrades and elevated price pressures, justifying the firm’s underweights in developed-market equities and bonds, though it’s ready to put some cash back into corporate credit. Her stance is backed by investors at Bank of America, who overwhelmingly see stagflation on the horizon. The firm’s latest survey shows they’re historically underweight equities -- with tech-share positioning the lowest since 2006 -- and overweight cash.The pessimism contrasts with a bout of ebullience sparked by last week’s US inflation report suggesting prices pressures may be peaking. That’s intensifying the debate about whether the Fed has room to moderate the pace of interest-rate hikes.The latter was summarily dismissed by a parade of monetary officials this week. Among the most hawkish, St. Louis Fed President James Bullard said policy makers should increase interest rates to at least to 5%-5.25% to curb inflation. That came after San Francisco Fed President Mary Daly said a pause in hiking cycle was “off the table,” while Kansas City Fed President Esther George warned the Fed could find it increasingly difficult to tame inflation without causing a recession.As rate hikes spark bear markets in stocks and bonds, the Fed has gone from a friend in the bull times to a newfound foe. And no dovish policy pivot looks likely anytime soon. Citi, for one, is touting the idea of the “Powell Push,” with the Jerome Powell-led central bank forced into growth-sapping rate hikes on still-raging inflation ahead.“We classify the environment as stagflationary,” according to Citi strategist Alex Saunders. He recommends selling US equities and credit, and buying commodities and bonds in a Powell Push scenario.Invesco is also treading carefully, tilting exposure to defensive equities with overweight bets in Treasuries and US investment-grade credit.“A signal to become more ‘risk on’ would be signs the Fed is getting close to ‘pausing’ rate hikes,” said Kristina Hooper, chief global market strategist at Invesco.Even Morgan Stanley’s Andrew Sheets -- who holds a minority view that core inflation will fall to 2.9% by the end of 2023 -- isn’t ready to go all risk-on yet given the prospect of an economic slowdown. Still, he cites the mid-90s as a reason for optimism. Back then, an era marked by elevated inflation with interest rates soaring, equities and Treasuries eventually managed to pull off big gains.“Bears say soft landings are rare. But they happen,” Sheets wrote in his outlook for the next year.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963253487,"gmtCreate":1668698199650,"gmtModify":1676538099169,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571972374738086","idStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$ </a>","listText":"<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$ </a>","text":"$阿里巴巴(BABA)$","images":[{"img":"https://community-static.tradeup.com/news/0be4ea446221b3593ffe8a48b9b9e17c","width":"1125","height":"2356"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963253487","isVote":1,"tweetType":1,"viewCount":1484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":408147264475368,"gmtCreate":1740633672884,"gmtModify":1740633674913,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C09.SI\">$城市发展(C09.SI)$ </a> ","listText":"<a href=\"https://ttm.financial/S/C09.SI\">$城市发展(C09.SI)$ </a> ","text":"$城市发展(C09.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/408147264475368","isVote":1,"tweetType":1,"viewCount":2203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927556855,"gmtCreate":1672541526577,"gmtModify":1676538702936,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927556855","repostId":"1104497166","repostType":4,"repost":{"id":"1104497166","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672539183,"share":"https://ttm.financial/m/news/1104497166?lang=en_US&edition=fundamental","pubTime":"2023-01-01 10:13","market":"us","language":"en","title":"Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record","url":"https://stock-news.laohu8.com/highlight/detail?id=1104497166","media":"Tiger Newspress","summary":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving anoth","content":"<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-01 10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104497166","content_text":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959942070,"gmtCreate":1672886015590,"gmtModify":1676538753627,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C76.SI\">$创新科技(C76.SI)$ </a> Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","listText":"<a href=\"https://ttm.financial/S/C76.SI\">$创新科技(C76.SI)$ </a> Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","text":"$创新科技(C76.SI)$ Creative Technology founder Sim Wong Hoo dies aged 67 https://www.straitstimes.com/business/companies-markets/creative-technology-founder-sim-wong-hoo-dies-aged-67","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9959942070","isVote":1,"tweetType":1,"viewCount":1973,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","crmLevel":12,"crmLevelSwitch":0,"idStr":"3550998686387787","authorIdStr":"3550998686387787"},"content":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage","text":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage","html":"Rip to this legend. Creative once had dual listing... Probably one of the local grown brand that put the tiny dot in world tech stage"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":241269552513024,"gmtCreate":1699924518240,"gmtModify":1699924520318,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00710\">$京东方精电(00710)$ </a>","listText":"<a href=\"https://ttm.financial/S/00710\">$京东方精电(00710)$ </a>","text":"$京东方精电(00710)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/241269552513024","isVote":1,"tweetType":1,"viewCount":3717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961517707,"gmtCreate":1668995239909,"gmtModify":1676538136066,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961517707","repostId":"2284033039","repostType":4,"repost":{"id":"2284033039","kind":"highlight","pubTimestamp":1668934033,"share":"https://ttm.financial/m/news/2284033039?lang=en_US&edition=fundamental","pubTime":"2022-11-20 16:47","market":"us","language":"en","title":"Wall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2284033039","media":"Bloomberg","summary":"BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as in","content":"<div>\n<p>BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Rebuffs Soft-Landing Dream as 92% Bet on Stagflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 16:47 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-19/wall-street-rebuffs-soft-landing-dream-as-92-bet-on-stagflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284033039","content_text":"BofA investor survey shows a pervasive belief in stagflationRecent inflation data is promising as investors stay defensive(Bloomberg) -- On the most optimistic corners of Wall Street, promising inflation data over the past week or so suggest the Federal Reserve may accomplish a soft landing after all.Yet no such belief prevails among the big money managers, who are betting that an economic downturn riddled with still-hot price pressures will define trading next year.With a closely watched section of the Treasury yield curve sending fresh recession signals, stagflation is the consensus viewpoint among a whopping 92% of respondents in Bank of America Corp.’s latest fund-manager survey.At the same time, Citigroup Inc. is painting a scenario of the “Powell Push” in which the Fed will be compelled to hike even if growth plunges, while BlackRock Inc. sees no prospect of a soft landing either in the US or Europe.The bearish stance comes even as recent data on employment as well as consumer and producer prices -- combined with decent corporate earnings -- suggest the US central bank may actually succeed in its high-wire mission to ramp up borrowing costs without crashing the business cycle.Yet for now, the professional investing class will need to see more conclusive evidence of a benign shift in the economic trajectory before materially changing their defensive positioning across the beaten-up world of stocks and bonds.“Central banks will overtighten and push economies into moderate recession, but will stop hiking – before they have done enough to get inflation all the way down to target – as the damage from rate hikes becomes clearer,” said Wei Li, global chief investment strategist at BlackRock.Li sees a US growth slowdown, earnings downgrades and elevated price pressures, justifying the firm’s underweights in developed-market equities and bonds, though it’s ready to put some cash back into corporate credit. Her stance is backed by investors at Bank of America, who overwhelmingly see stagflation on the horizon. The firm’s latest survey shows they’re historically underweight equities -- with tech-share positioning the lowest since 2006 -- and overweight cash.The pessimism contrasts with a bout of ebullience sparked by last week’s US inflation report suggesting prices pressures may be peaking. That’s intensifying the debate about whether the Fed has room to moderate the pace of interest-rate hikes.The latter was summarily dismissed by a parade of monetary officials this week. Among the most hawkish, St. Louis Fed President James Bullard said policy makers should increase interest rates to at least to 5%-5.25% to curb inflation. That came after San Francisco Fed President Mary Daly said a pause in hiking cycle was “off the table,” while Kansas City Fed President Esther George warned the Fed could find it increasingly difficult to tame inflation without causing a recession.As rate hikes spark bear markets in stocks and bonds, the Fed has gone from a friend in the bull times to a newfound foe. And no dovish policy pivot looks likely anytime soon. Citi, for one, is touting the idea of the “Powell Push,” with the Jerome Powell-led central bank forced into growth-sapping rate hikes on still-raging inflation ahead.“We classify the environment as stagflationary,” according to Citi strategist Alex Saunders. He recommends selling US equities and credit, and buying commodities and bonds in a Powell Push scenario.Invesco is also treading carefully, tilting exposure to defensive equities with overweight bets in Treasuries and US investment-grade credit.“A signal to become more ‘risk on’ would be signs the Fed is getting close to ‘pausing’ rate hikes,” said Kristina Hooper, chief global market strategist at Invesco.Even Morgan Stanley’s Andrew Sheets -- who holds a minority view that core inflation will fall to 2.9% by the end of 2023 -- isn’t ready to go all risk-on yet given the prospect of an economic slowdown. Still, he cites the mid-90s as a reason for optimism. Back then, an era marked by elevated inflation with interest rates soaring, equities and Treasuries eventually managed to pull off big gains.“Bears say soft landings are rare. But they happen,” Sheets wrote in his outlook for the next year.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963253487,"gmtCreate":1668698199650,"gmtModify":1676538099169,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$ </a>","listText":"<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$ </a>","text":"$阿里巴巴(BABA)$","images":[{"img":"https://community-static.tradeup.com/news/0be4ea446221b3593ffe8a48b9b9e17c","width":"1125","height":"2356"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963253487","isVote":1,"tweetType":1,"viewCount":1484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9941851133,"gmtCreate":1680148741723,"gmtModify":1680148743680,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941851133","repostId":"2323975182","repostType":2,"repost":{"id":"2323975182","kind":"news","pubTimestamp":1680145440,"share":"https://ttm.financial/m/news/2323975182?lang=en_US&edition=fundamental","pubTime":"2023-03-30 11:04","market":"hk","language":"zh","title":"Alibaba Health (00241) share price fell 8.082%, current price HK $5.8","url":"https://stock-news.laohu8.com/highlight/detail?id=2323975182","media":"阿斯达克财经","summary":"[下跌股]阿里健康(00241) 股价在上午11:04比前收市价下跌8.082%,现股价为港币$5.8。至目前为止,今日最高价为$6.39,而最低价为$5.8。总成交量为5.659千万股,总成交金额为港币$3.4亿。","content":"<p><div>[Falling stocks] The stock price of Alibaba Health (00241) fell 8.082% from the previous closing price at 11:04 am, and the current stock price is HK $5.8. So far, the highest price today is $6.39, while the lowest price is $5.8. The total trading volume was 56.59 million shares, and the total turnover was HK $340 million.</p><p><a href=\"http://www.aastocks.com/tc/stocks/news/aamm-content/AAD2303301107/aamm-all-category\">Web link</a></div></p>","source":"aastocks_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Health (00241) share price fell 8.082%, current price HK $5.8</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Health (00241) share price fell 8.082%, current price HK $5.8\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">阿斯达克财经</strong><span class=\"h-time small\">2023-03-30 11:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>[Falling stocks] The stock price of Alibaba Health (00241) fell 8.082% from the previous closing price at 11:04 am, and the current stock price is HK $5.8. So far, the highest price today is $6.39, while the lowest price is $5.8. The total trading volume was 56.59 million shares, and the total turnover was HK $340 million.</p><p><a href=\"http://www.aastocks.com/tc/stocks/news/aamm-content/AAD2303301107/aamm-all-category\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.aastocks.com/tc/stocks/news/aamm-content/AAD2303301107/aamm-all-category\">阿斯达克财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://plib.aastocks.com/aafnnews/image/medialib/20180112133700459_s.jpg","relate_stocks":{"BK1501":"阿里概念股","00241":"阿里健康","BK1571":"互联网医疗","BK1589":"北水核心资产","BK1189":"医疗保健技术","BK1515":"抗疫概念","BK1247":"药品零售","BK1142":"互联网与直销零售","BK1591":"就地过年概念","BK1502":"双十一","BK1584":"蚂蚁金服概念"},"source_url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAD2303301107/aamm-all-category","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323975182","content_text":"[下跌股]阿里健康(00241) 股价在上午11:04比前收市价下跌8.082%,现股价为港币$5.8。至目前为止,今日最高价为$6.39,而最低价为$5.8。总成交量为5.659千万股,总成交金额为港币$3.4亿。","news_type":1,"symbols_score_info":{"00241":1}},"isVote":1,"tweetType":1,"viewCount":3177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949488175,"gmtCreate":1678829970498,"gmtModify":1678829974547,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949488175","repostId":"1185555153","repostType":4,"repost":{"id":"1185555153","kind":"news","weMediaInfo":{"introduction":"预判经济形势,解读公共政策,提供及时信息,推送专业报告。","home_visible":1,"media_name":"泽平宏观","id":"49","head_image":"https://static.tigerbbs.com/947583bee22e443aa795464217837990"},"pubTimestamp":1678761902,"share":"https://ttm.financial/m/news/1185555153?lang=en_US&edition=fundamental","pubTime":"2023-03-14 10:45","market":"us","language":"zh","title":"The Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185555153","media":"泽平宏观","summary":"美国时间2023年3月12日晚,美国财政部、美联储和联邦存款保险公司联合发表声明:1、允许联邦存款保险公司(FDIC)以全额保护所有存款人的方式完成对硅谷银行的清算。存款人将从3月13日开始获得他们的","content":"<p><html><head></head><body>On the evening of March 12, 2023, U.S. time, the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly issued a statement:</p><p>1. Allow the Federal Deposit Insurance Corporation (FDIC) to complete the inspection in a way that fully protects all depositors<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The liquidation of. Depositors will receive their full funds starting March 13, and the liquidation of Silicon Valley Bank will not cost taxpayers any losses. The same applies to New York City, which is closing today<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>。 2. Correspondingly, shareholders and some unsecured owners cannot be protected, and senior managers have been dismissed. 3. The Federal Reserve announced that it will provide additional funds to eligible depository institutions. The Federal Reserve will create a new Bank Term Funding Program (BTFP) to provide loans for up to one year to depository institutions such as banks, savings associations, credit unions and foreign bank branches in the United States. 4. The Ministry of Finance will provide up to US $25 billion from the Foreign Exchange Stabilization Fund to support BTFP.<b>1. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly took action to protect Silicon Valley Bank depositors and curb the escalation of the crisis</b></p><p><b>Targeting<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Risk events, U.S. response measures: 1) The Federal Deposit Insurance Corporation (FDIC) released the Deposit Insurance Fund (DIF) to cover depositors; 2) Launched the Bank Term Funding Program (BTFP) to provide liquidity support for banks. In the short term, the two measures may be more effective in solving the emerging run on U.S. banks, while easing market sentiment.</b></p><p>Specifically:</p><p><b>1) For banks that have been under custody, in addition to selling their assets to raise funds, the remaining funding gap will be filled through the FDIC's Deposit Insurance Fund (DIF) to ensure the assets of depositors.</b>At the end of 2022, the FDIC had a total of $128.8 billion in premiums.</p><p><b>But it also brings certain risks. If the FDIC needs to obtain more premium income in the future, it may prompt the banking system to reserve more cash and its equivalents, and banks will face hidden liquidity problems in the medium term.</b></p><p>For example, there are three supplementary channels for DIF premiums. The first is to collect a one-time special premium, the second is to collect premiums in advance, and the third is to borrow money from the Ministry of Finance. In June 2009, the FDIC collected special premiums totaling US $5.5 billion, which put some pressure on the liquidity of the overall banking industry; In December 2009, the FDIC collected advance premiums totaling $4.57 billion, further limiting the credit capacity of banks in crisis situations.</p><p><img src=\"https://static.tigerbbs.com/f73556cb9b98de09bec3bbc0f7200b57\" tg-width=\"1033\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>2) The Federal Reserve's newly launched Bank Term Funding Program (BTFP) injects liquidity into banks' reserve accounts through collateral discounts of high-quality securities.</b>The collateral is mainly assets such as U.S. debt, institutional debt and mortgage-backed securities; And the mortgage value of these assets will be calculated at face value, with an interest rate of OIS + 10bp; There is no upper limit for use by a single institution, and institutions are allowed to repay in advance.<b>This means that borrowing from BTFP can obtain more cash liquidity than the Discount Window and the Standing Repo Facility.</b></p><p><b>BTFP easing during the current period of tightening financial conditions and increased liquidity pressures<a href=\"https://laohu8.com/S/FISI\">Financial institution</a>Pressure to sell these high-quality securities at a discount in the market to recover liquidity. At the same time, the asset side of the Federal Reserve receives mortgaged securities, and the liability side increases the reserves of banks and other financial institutions, and the entire balance sheet will expand slightly again.</b></p><p><b>2. More than one cockroach in the kitchen: the United States is facing an entire banking crisis and a liquidity crisis</b></p><p><b>Silicon Valley Bank, Signature Bank, and<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Continuous thunderstorms. This is only the tip of the iceberg of risks in the US banking industry. The Federal Reserve is facing the whole banking crisis and liquidity crisis.</b></p><p><b>The Fed has helicoptered money for the past two years.</b>In March 2020, the Federal Reserve launched an unlimited quantitative easing, and then promised to maintain zero interest rates for a long time. As of March 2022, when the Federal Reserve declared a rate hike, its balance sheet had grown by 110% cumulatively, reaching a peak of 9 trillion. Among them, reserves, general accounts of the Ministry of Finance and overnight reverse repurchase, which measures remaining liquidity, increased by 135%, 57% and 712% respectively.</p><p><b>Banks are buying a large amount of American Treasury Bond in an environment of excess liquidity.</b>In the environment of global flood release in 2020, the demand for bank loans is weak, and bank funds have nowhere to go. Between the fourth quarter of 2019 and the fourth quarter of 2022, deposits in the U.S. banking sector increased by more than $5 trillion, of which only 14% was used for loans. Meanwhile, overnight reverse repurchase accounts, money market funds and T-Bills have lower yields. Cash deposited in the Fed's overnight reverse repurchase account can only obtain an annualized return of about 5bp-15bp, and money market funds and T-Bills can only obtain an annualized return of less than 20bp. As of March 15, 2022, before the Federal Reserve announced the rate hike, U.S. commercial banks held approximately US $4.6 trillion in Treasury Bond, an increase of 53% from before the quantitative easing began.</p><p><b>In March 2022, the Federal Reserve launched an aggressive rate hike, with bank assets shrinking and liability-side savings flowing out, falling into tight liquidity.</b>As of March 2023, the Federal Reserve has accumulated 450 basis points of rate hike, causing a rapid surge in U.S. bond yields. The prices of U.S. bond assets that were previously purchased in large quantities under the background of loose liquidity fell sharply, and U.S. Treasury Bond classified as assets for sale (AFS) began to experience floating losses. According to FDIC data, as of the fourth quarter of 2022, unrealized losses in the U.S. banking system were approximately US $620 billion, of which saleable Treasury Bond and securities were approximately US $279.5 billion.</p><p><b>Judging from the tools and solutions currently announced by the Federal Reserve, they only play a role in supporting the bank's assets, but have not effectively suppressed the risk of savings outflows on the liability side.</b></p><p><b>Whether the Fed needs to clean up all battlefields and prevent the financial crisis depends on whether the Fed can respond in time, stop the chain of infection, and gain market trust.</b></p><p><img src=\"https://static.tigerbbs.com/cbdcfb5edabd0bdc3b8c18e9e2ec9695\" tg-width=\"1037\" tg-height=\"729\" referrerpolicy=\"no-referrer\"/></p><p><b>3. The Federal Reserve claims that taxpayers don't have to burden it. Who pays the bill?</b></p><p><b>U.S. Treasury Secretary Yellen said that \"taxpayers will not bear any losses in the liquidation of Silicon Valley Bank.\" This is indeed the case on the surface: neither the FDIC premium income to bail out the custodian bank nor the BTFP to supplement liquidity directly comes from government spending.</b></p><p><b>The fact is, most of all debt restructuring is debt monetization, which is ultimately borne by over-issuing currency and diluting taxpayers.</b></p><p>Historical experience shows that the process of debt restructuring and disposal of custodian banks such as Silicon Valley Bank often requires monetization, that is, obtaining additional capital provided by the Treasury Department, the Federal Reserve, and the FDIC. It is an act of over-issuing currency in disguised form.</p><p><b>Excessive currency issuance brings high inflation and dilutes residents' purchasing power. At the same time, in order to curb high inflation, the U.S. rate hike has brought about a strong dollar cycle, and the world has paid the bill.</b></p><p>Since the epidemic, the Federal Reserve's balance sheet has nearly tripled, reaching a maximum of over 9 trillion US dollars, leading to high inflation, aggressive rate hike, and a strong dollar cycle in the United States. High inflation has severely damaged the purchasing power of the U.S. residential sector. At the same time, the United States is harvesting the global non-American economies and suppressing the economic growth momentum of non-American economies.</p><p><b>Behind this is the hegemony of the dollar.</b>The U.S. economy accounts for about 22% of the world economy, and its trade volume accounts for about 13% of global trade. However, US dollar-denominated transactions account for 50%, US dollar foreign exchange reserves account for 60%, and US dollar-denominated cross-border credit accounts for 50%.</p><p><b>There are deep-seated problems with the hegemony of the US dollar, which imposes shackles on the United States itself and peripheral countries. It is difficult to shake in the short term, but it is difficult to maintain in the long term.</b>Internally, under the mode of low savings and high consumption, the United States is deeply plagued by trade deficit and industrial hollowing out, with huge debt and fiscal deficit rising, and income gap widening. Externally, the United States controls the global cross-border payment system, frequently imposes financial sanctions, freezes assets, and uses its voting rights in international organizations to restrict the financing channels and conditions of other countries.<b>Seigniorage is levied on the whole world, exporting inflation devalues debt, dilutes the accumulated foreign exchange reserves of various countries, and other economies are forced to bear imported inflation, debt depreciation and financial fluctuations.</b></p><p><b>The current thunderstorm of Silicon Valley Bank is a backlash to its financial industry and upstart capital, as well as the liquidation of the Federal Reserve's unlimited QE.</b></p><p><b>At present, China is on the path of recovery, and it has to be hard to strike while the iron is hot. China's top priority is to develop its economy and strive for it. Development is the best foundation for risk prevention. If the economic recovery plan to expand domestic demand led by new infrastructure and new energy can be launched, it is expected to turn crises into opportunities, just like in 2009. If the response is strong, China's economy is expected to lead the world again in 2023.</b></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed pays for Silicon Valley Bank: Can it prevent a financial crisis?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/49\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/947583bee22e443aa795464217837990);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">泽平宏观 </p>\n<p class=\"h-time smaller\">2023-03-14 10:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On the evening of March 12, 2023, U.S. time, the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly issued a statement:</p><p>1. Allow the Federal Deposit Insurance Corporation (FDIC) to complete the inspection in a way that fully protects all depositors<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The liquidation of. Depositors will receive their full funds starting March 13, and the liquidation of Silicon Valley Bank will not cost taxpayers any losses. The same applies to New York City, which is closing today<a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>。 2. Correspondingly, shareholders and some unsecured owners cannot be protected, and senior managers have been dismissed. 3. The Federal Reserve announced that it will provide additional funds to eligible depository institutions. The Federal Reserve will create a new Bank Term Funding Program (BTFP) to provide loans for up to one year to depository institutions such as banks, savings associations, credit unions and foreign bank branches in the United States. 4. The Ministry of Finance will provide up to US $25 billion from the Foreign Exchange Stabilization Fund to support BTFP.<b>1. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly took action to protect Silicon Valley Bank depositors and curb the escalation of the crisis</b></p><p><b>Targeting<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Risk events, U.S. response measures: 1) The Federal Deposit Insurance Corporation (FDIC) released the Deposit Insurance Fund (DIF) to cover depositors; 2) Launched the Bank Term Funding Program (BTFP) to provide liquidity support for banks. In the short term, the two measures may be more effective in solving the emerging run on U.S. banks, while easing market sentiment.</b></p><p>Specifically:</p><p><b>1) For banks that have been under custody, in addition to selling their assets to raise funds, the remaining funding gap will be filled through the FDIC's Deposit Insurance Fund (DIF) to ensure the assets of depositors.</b>At the end of 2022, the FDIC had a total of $128.8 billion in premiums.</p><p><b>But it also brings certain risks. If the FDIC needs to obtain more premium income in the future, it may prompt the banking system to reserve more cash and its equivalents, and banks will face hidden liquidity problems in the medium term.</b></p><p>For example, there are three supplementary channels for DIF premiums. The first is to collect a one-time special premium, the second is to collect premiums in advance, and the third is to borrow money from the Ministry of Finance. In June 2009, the FDIC collected special premiums totaling US $5.5 billion, which put some pressure on the liquidity of the overall banking industry; In December 2009, the FDIC collected advance premiums totaling $4.57 billion, further limiting the credit capacity of banks in crisis situations.</p><p><img src=\"https://static.tigerbbs.com/f73556cb9b98de09bec3bbc0f7200b57\" tg-width=\"1033\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>2) The Federal Reserve's newly launched Bank Term Funding Program (BTFP) injects liquidity into banks' reserve accounts through collateral discounts of high-quality securities.</b>The collateral is mainly assets such as U.S. debt, institutional debt and mortgage-backed securities; And the mortgage value of these assets will be calculated at face value, with an interest rate of OIS + 10bp; There is no upper limit for use by a single institution, and institutions are allowed to repay in advance.<b>This means that borrowing from BTFP can obtain more cash liquidity than the Discount Window and the Standing Repo Facility.</b></p><p><b>BTFP easing during the current period of tightening financial conditions and increased liquidity pressures<a href=\"https://laohu8.com/S/FISI\">Financial institution</a>Pressure to sell these high-quality securities at a discount in the market to recover liquidity. At the same time, the asset side of the Federal Reserve receives mortgaged securities, and the liability side increases the reserves of banks and other financial institutions, and the entire balance sheet will expand slightly again.</b></p><p><b>2. More than one cockroach in the kitchen: the United States is facing an entire banking crisis and a liquidity crisis</b></p><p><b>Silicon Valley Bank, Signature Bank, and<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Continuous thunderstorms. This is only the tip of the iceberg of risks in the US banking industry. The Federal Reserve is facing the whole banking crisis and liquidity crisis.</b></p><p><b>The Fed has helicoptered money for the past two years.</b>In March 2020, the Federal Reserve launched an unlimited quantitative easing, and then promised to maintain zero interest rates for a long time. As of March 2022, when the Federal Reserve declared a rate hike, its balance sheet had grown by 110% cumulatively, reaching a peak of 9 trillion. Among them, reserves, general accounts of the Ministry of Finance and overnight reverse repurchase, which measures remaining liquidity, increased by 135%, 57% and 712% respectively.</p><p><b>Banks are buying a large amount of American Treasury Bond in an environment of excess liquidity.</b>In the environment of global flood release in 2020, the demand for bank loans is weak, and bank funds have nowhere to go. Between the fourth quarter of 2019 and the fourth quarter of 2022, deposits in the U.S. banking sector increased by more than $5 trillion, of which only 14% was used for loans. Meanwhile, overnight reverse repurchase accounts, money market funds and T-Bills have lower yields. Cash deposited in the Fed's overnight reverse repurchase account can only obtain an annualized return of about 5bp-15bp, and money market funds and T-Bills can only obtain an annualized return of less than 20bp. As of March 15, 2022, before the Federal Reserve announced the rate hike, U.S. commercial banks held approximately US $4.6 trillion in Treasury Bond, an increase of 53% from before the quantitative easing began.</p><p><b>In March 2022, the Federal Reserve launched an aggressive rate hike, with bank assets shrinking and liability-side savings flowing out, falling into tight liquidity.</b>As of March 2023, the Federal Reserve has accumulated 450 basis points of rate hike, causing a rapid surge in U.S. bond yields. The prices of U.S. bond assets that were previously purchased in large quantities under the background of loose liquidity fell sharply, and U.S. Treasury Bond classified as assets for sale (AFS) began to experience floating losses. According to FDIC data, as of the fourth quarter of 2022, unrealized losses in the U.S. banking system were approximately US $620 billion, of which saleable Treasury Bond and securities were approximately US $279.5 billion.</p><p><b>Judging from the tools and solutions currently announced by the Federal Reserve, they only play a role in supporting the bank's assets, but have not effectively suppressed the risk of savings outflows on the liability side.</b></p><p><b>Whether the Fed needs to clean up all battlefields and prevent the financial crisis depends on whether the Fed can respond in time, stop the chain of infection, and gain market trust.</b></p><p><img src=\"https://static.tigerbbs.com/cbdcfb5edabd0bdc3b8c18e9e2ec9695\" tg-width=\"1037\" tg-height=\"729\" referrerpolicy=\"no-referrer\"/></p><p><b>3. The Federal Reserve claims that taxpayers don't have to burden it. Who pays the bill?</b></p><p><b>U.S. Treasury Secretary Yellen said that \"taxpayers will not bear any losses in the liquidation of Silicon Valley Bank.\" This is indeed the case on the surface: neither the FDIC premium income to bail out the custodian bank nor the BTFP to supplement liquidity directly comes from government spending.</b></p><p><b>The fact is, most of all debt restructuring is debt monetization, which is ultimately borne by over-issuing currency and diluting taxpayers.</b></p><p>Historical experience shows that the process of debt restructuring and disposal of custodian banks such as Silicon Valley Bank often requires monetization, that is, obtaining additional capital provided by the Treasury Department, the Federal Reserve, and the FDIC. It is an act of over-issuing currency in disguised form.</p><p><b>Excessive currency issuance brings high inflation and dilutes residents' purchasing power. At the same time, in order to curb high inflation, the U.S. rate hike has brought about a strong dollar cycle, and the world has paid the bill.</b></p><p>Since the epidemic, the Federal Reserve's balance sheet has nearly tripled, reaching a maximum of over 9 trillion US dollars, leading to high inflation, aggressive rate hike, and a strong dollar cycle in the United States. High inflation has severely damaged the purchasing power of the U.S. residential sector. At the same time, the United States is harvesting the global non-American economies and suppressing the economic growth momentum of non-American economies.</p><p><b>Behind this is the hegemony of the dollar.</b>The U.S. economy accounts for about 22% of the world economy, and its trade volume accounts for about 13% of global trade. However, US dollar-denominated transactions account for 50%, US dollar foreign exchange reserves account for 60%, and US dollar-denominated cross-border credit accounts for 50%.</p><p><b>There are deep-seated problems with the hegemony of the US dollar, which imposes shackles on the United States itself and peripheral countries. It is difficult to shake in the short term, but it is difficult to maintain in the long term.</b>Internally, under the mode of low savings and high consumption, the United States is deeply plagued by trade deficit and industrial hollowing out, with huge debt and fiscal deficit rising, and income gap widening. Externally, the United States controls the global cross-border payment system, frequently imposes financial sanctions, freezes assets, and uses its voting rights in international organizations to restrict the financing channels and conditions of other countries.<b>Seigniorage is levied on the whole world, exporting inflation devalues debt, dilutes the accumulated foreign exchange reserves of various countries, and other economies are forced to bear imported inflation, debt depreciation and financial fluctuations.</b></p><p><b>The current thunderstorm of Silicon Valley Bank is a backlash to its financial industry and upstart capital, as well as the liquidation of the Federal Reserve's unlimited QE.</b></p><p><b>At present, China is on the path of recovery, and it has to be hard to strike while the iron is hot. China's top priority is to develop its economy and strive for it. Development is the best foundation for risk prevention. If the economic recovery plan to expand domestic demand led by new infrastructure and new energy can be launched, it is expected to turn crises into opportunities, just like in 2009. If the response is strong, China's economy is expected to lead the world again in 2023.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"161125":"标普500","LU1861217088.USD":"贝莱德金融科技A2","UDOW":"三倍做多道指30ETF-ProShares","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空","OEX":"标普100",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","IVV":"标普500ETF-iShares","BK4581":"高盛持仓","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","SPXU":"三倍做空标普500ETF-ProShares","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185555153","content_text":"美国时间2023年3月12日晚,美国财政部、美联储和联邦存款保险公司联合发表声明:1、允许联邦存款保险公司(FDIC)以全额保护所有存款人的方式完成对硅谷银行的清算。存款人将从3月13日开始获得他们的全额资金,硅谷银行的清算不会由纳税人承担任何损失。同样应用于今天关闭的纽约市Signature Bank。2、相对应的,股东和部分次级债权(unsecured)拥有人则无法获得保护,高级管理人员也已经被撤职。3、美联储宣布,将向符合条件的存款机构提供额外资金。美联储将创建新的银行期限资金计划(BTFP),向银行、储蓄协会、信用合作社和在美国的国外银行分行等存款机构提供最长为一年的贷款。4、财政部将从外汇稳定基金中提供高达250亿美元的资金支持BTFP。1、美国财政部、美联储、联邦存款保险公司联合出手,为硅谷银行储户兜底,遏制危机升级针对美国银行风险事件,美国应对措施:1)联邦存款保险公司(FDIC)释放存款保险基金(DIF),为储户兜底;2)推出银行期限资金计划(BTFP),为银行提供流动性支持。短期看,两项措施或较有效的解决初现苗头的美国银行挤兑潮,同时缓和市场情绪。具体来看:1)针对已经被托管的银行,除开将其资产变卖以筹措资金外,其余的资金缺口将通过FDIC的存款保险基金(DIF)补齐,保证了储户的资产。截至2022年底,FDIC共有保费1288亿美元。但也会带来一定的风险。如果未来FDIC需要获得更多的保费收入,可能会促使银行系统储备更多的现金及其等价物,银行中期来看面临隐性流动性问题。举例来说,DIF保费有三个补充的渠道,第一是收取一次性特别保费,第二是提前收取保费,第三个是向财政部借款。2009年6月,FDIC收取了特别保费共计55亿美元,对整体银行业流动性带来了一定压力;2009年12月,FDIC收取了提前保费共计45.7亿美元,进一步限制了在危机情形下银行的信贷能力。2)美联储新推出的银行期限资金计划(BTFP),通过高质量证券抵押贴现的方式向银行的准备金账户注入流动性。抵押品主要以美债、机构债和抵押贷款支持证券等资产为主;且这些资产的抵押价值将以面值计算,利率为OIS + 10bp;不设置单一机构使用的上限,且允许机构提前还款。这意味着,相较于贴现窗口(Discount Window)和常规回购工具(Standing Repo Facility),向BTFP借款可以获得更多的现金流动性。在当前金融环境收紧和流动性压力增加的时期,BTFP缓解金融机构在市场上折价出售这些高质量证券回升流动性的压力。同时,美联储的资产端收到抵押的证券,负债端增加银行等金融机构的准备金,整个资产负债表也会再次小幅扩张。2、厨房里不止一只蟑螂:美国面临的是整个银行业危机和流动性危机美国硅谷银行、Signature银行、以及第一共和银行连续暴雷。这仅仅是美国银行业风险的冰山一角,美联储面临的是整个银行业危机和流动性危机。美联储过去两年直升机撒钱。2020年3月美联储推出无限量量化宽松,随后承诺将长时间维持0利率水平。截至2022年3月美联储宣布加息时,其资产负债表累计增长110%,达到9万亿峰值。其中准备金、财政部一般账户以及衡量剩余流动性的隔夜逆回购用量分别增长135%、57%以及712%。银行在流动性过剩的环境下大量购入美国国债。在2020年全球大放水的环境下,银行贷款需求疲软,银行资金无处可去。2019年第四季度至2022年第四季度期间,美国银行业存款增加了超过5万亿美元,其中仅14%被用于贷款。同时,隔夜逆回购账户、货币市场基金和T-Bills等收益较低。现金存入美联储隔夜逆回购账户只能获得约5bp-15bp的年化收益,货币市场基金与T-Bills也仅有不到20bp的年化收益。截至2022年3月15日美联储宣布加息前,美国商业银行持有国债约4.6万亿美元,较量化宽松开始前增加53%。2022年3月,美联储开启激进加息,银行资产端缩水、负债端储蓄流出,陷入流动性紧张。截至2023年3月,美联储累计加息450个基点,导致美债收益率快速飙升。此前在流动性宽松背景下大量购买的美债资产价格出现大幅下跌,被归类为可出售资产(AFS)的美国国债开始出现浮亏。根据FDIC数据,截至2022年第四季度,美国银行系统内未实现损失约为6200亿美元,其中可售国债及证券约为2795亿美元。从目前美联储公布的工具以及解决方案来看,仅对银行资产端起到了托底的作用,但对负债端储蓄流出的风险没有进行有效抑制。美联储要打扫所有战场,能否防止金融危机,取决于美联储能否应对及时、阻止传染链条、以及获取市场信任。3、美联储宣称不必纳税人负担,究竟谁买单?美国财长耶伦表示“硅谷银行的清算不会由纳税人承担任何损失”,从表象上确实如此:无论是救助被托管银行的FDIC保费收入,还是对流动性进行补充的BTFP都不直接来自于政府支出。事实是,所有的债务重组多数是债务货币化,最终都由超发货币进而稀释纳税人承担。历史经验表明,硅谷银行等被托管银行进行债务重组和处置的过程往往需要货币化,即获得财政部、美联储、FDIC为其提供的额外资本。属于变相超发货币的行为。货币超发带来高通胀,稀释居民购买力。同时,为了抑制高通胀,美国加息,带来强美元周期,全球买单。疫情以来,美联储的资产负债表翻了近三倍,最高达到了超9万亿美元,导致了美国通胀高企、激进加息、强美元周期。高通胀严重损害了美国居民部门的购买力。同时,美国在收割全球非美经济体、压制非美经济体的经济增长动能。这背后是美元霸权。美国经济占世界经济22%左右,贸易量占全球贸易13%左右,但以美元计价的交易占了50%,美元外汇储备占了60%,以美元计价的跨境信贷占了50%。美元霸权存在深层次问题,给美国自身和外围国家均施加桎梏,短期难以撼动,但长期难以维系。对内,低储蓄和高消费模式下,美国深受贸易逆差、产业空心化困扰,巨额债务和财政赤字攀升,收入差距拉大。对外,美国控制全球跨境支付系统,频繁实施金融制裁,冻结资产,利用对国际组织的表决权,限制他国的融资渠道和融资条件,向全世界征收铸币税,输出通胀使债务贬值,稀释各国积累的外汇储备,其他经济体被迫承受输入性通货膨胀、债权贬值和金融波动。而现在硅谷银行的暴雷正是对其金融业和新贵资本的反噬,以及对美联储无限量QE的清算。当前中国正处于复苏的通道,打铁还得自身硬,中国当务之急是发展经济,全力拼经济。发展是防风险最好的根基。如果能够启动以新基建新能源领先的扩大内需经济复苏计划,有望化危为机,就像2009年一样,如果应对有力,2023年中国经济有望重新引领全球。","news_type":1,"symbols_score_info":{"161125":0.9,"ESmain":0.9,"SPXU":0.9,"OEX":0.9,"IVV":0.9,"SIVB":0.9,"DJX":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9,"NQmain":0.9,".IXIC":0.9,"UDOW":0.9,"DOG":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":3010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537675,"gmtCreate":1678747128397,"gmtModify":1678747132476,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537675","repostId":"1110580899","repostType":4,"repost":{"id":"1110580899","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678714241,"share":"https://ttm.financial/m/news/1110580899?lang=en_US&edition=fundamental","pubTime":"2023-03-13 21:30","market":"us","language":"zh","title":"Opening | U.S. stocks collectively open low, First Republic Bank plummeted 67%","url":"https://stock-news.laohu8.com/highlight/detail?id=1110580899","media":"老虎资讯综合","summary":"道指跌约280点,纳指跌0.85%,标普500指数跌超1%。","content":"<p><html><head></head><body>On Monday, March 13, U.S. stocks opened. The Dow fell about 280 points, the Nasdaq fell 0.85%, and the S&P 500 fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/6d411f2c0bfc38704d43eaab5d0c08ef\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Bank stocks fell sharply, First Republic Bank fell 67%, Alliance West Bank fell 75%, PacWest Bancorp triggered a circuit breaker at the beginning of the session, after falling about 35% before, Credit Suisse fell more than 8%, U.S. Bank fell 8.7%, Bank of America and Wells Fargo fell more than 7%, Citigroup fell more than 6%, UBS and Barclays fell nearly 5%.</p><p><img src=\"https://static.tigerbbs.com/ea7c20aecde1af34087b632df98a53fd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Tesla fell at the beginning of the session, falling more than 5% at one point. Analysts say Tesla could also fall victim to the Silicon Valley Bank thunderstorm.</p><p>Biotechnology company Seagen rose more than 15%, and Pfizer plans to acquire the company in cash at a price of $229 per share.</p><p>Biopharmaceutical company Provention Bio soared more than 240%, hitting a maximum of $24.09. On the news, Sanofi will acquire the company for $25 per share in cash.</p><p><img src=\"https://static.tigerbbs.com/48c27c3227e67bb03f87d75e000a4a41\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>With an increase of more than 2%, Ideal has launched a price guarantee policy. Within 90 days from the date of order, if the official price of the purchased model is reduced, Li Auto will voluntarily refund the price difference.</p><p>XPeng Motor fell more than 3%, and Nio fell more than 5%.</p><p>Popular Chinese concept stocks were mixed. Alibaba fell 0.86%, JD.com fell 1.88%, Pinduoduo rose 0.4%, Baidu rose 0.23%, and Bilibili rose more than 4%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening | U.S. stocks collectively open low, First Republic Bank plummeted 67%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening | U.S. stocks collectively open low, First Republic Bank plummeted 67%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-13 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Monday, March 13, U.S. stocks opened. The Dow fell about 280 points, the Nasdaq fell 0.85%, and the S&P 500 fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/6d411f2c0bfc38704d43eaab5d0c08ef\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Bank stocks fell sharply, First Republic Bank fell 67%, Alliance West Bank fell 75%, PacWest Bancorp triggered a circuit breaker at the beginning of the session, after falling about 35% before, Credit Suisse fell more than 8%, U.S. Bank fell 8.7%, Bank of America and Wells Fargo fell more than 7%, Citigroup fell more than 6%, UBS and Barclays fell nearly 5%.</p><p><img src=\"https://static.tigerbbs.com/ea7c20aecde1af34087b632df98a53fd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Tesla fell at the beginning of the session, falling more than 5% at one point. Analysts say Tesla could also fall victim to the Silicon Valley Bank thunderstorm.</p><p>Biotechnology company Seagen rose more than 15%, and Pfizer plans to acquire the company in cash at a price of $229 per share.</p><p>Biopharmaceutical company Provention Bio soared more than 240%, hitting a maximum of $24.09. On the news, Sanofi will acquire the company for $25 per share in cash.</p><p><img src=\"https://static.tigerbbs.com/48c27c3227e67bb03f87d75e000a4a41\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>With an increase of more than 2%, Ideal has launched a price guarantee policy. Within 90 days from the date of order, if the official price of the purchased model is reduced, Li Auto will voluntarily refund the price difference.</p><p>XPeng Motor fell more than 3%, and Nio fell more than 5%.</p><p>Popular Chinese concept stocks were mixed. Alibaba fell 0.86%, JD.com fell 1.88%, Pinduoduo rose 0.4%, Baidu rose 0.23%, and Bilibili rose more than 4%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110580899","content_text":"3月13日周一,美股开盘,道指跌约280点,纳指跌0.85%,标普500指数跌超1%。银行股重挫,第一共和银行跌67%,阿莱恩斯西部银行跌75%,PacWest Bancorp盘初触发熔断,此前跌约35%,瑞士信贷跌超8%,美国合众银行跌8.7%,美国银行、富国银行跌超7%,花旗集团跌超6%,瑞银、巴克莱跌近5%。特斯拉盘初下挫,一度跌超5%。分析师称特斯拉也可能成为硅谷银行暴雷的受害者。生物技术公司Seagen涨超15%,辉瑞拟以229美元/股的价格现金收购该公司。生物制药公司Provention Bio暴涨超240%,最高触及24.09美元。消息面上,赛诺菲将以每股25美元现金收购该公司。理想汽车涨超2%,理想推出保价政策,自定购日起90天内,若所购车型官方售价有降价情形,理想汽车将主动返还差价。小鹏汽车跌超3%,蔚来跌超5%。热门中概股涨跌不一,阿里巴巴跌0.86%,京东跌1.88%,拼多多涨0.4%,百度涨0.23%,哔哩哔哩涨超4%。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949537861,"gmtCreate":1678747112454,"gmtModify":1678747115892,"author":{"id":"3571972374738086","authorId":"3571972374738086","name":"Than","avatar":"https://static.tigerbbs.com/ffec423859ee144e45cbb36e9239a79a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571972374738086","authorIdStr":"3571972374738086"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949537861","repostId":"2319429067","repostType":4,"isVote":1,"tweetType":1,"viewCount":2522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}