Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Shawn Not a question , just an observation after reading the MM weekend report. "Yellen meeting with both Federal Reserve and FDIC officials to assess the collapse and impact on the overall banking system". It appears the PPT (Plunge Protection Team) is concerned enough to meet. I guess this flags caution for the road ahead? Have a good weekend. JanP
Hi Jan,
The PPT or the “Fed Put” has definitely been rolled back out following the failure of Silicon Valley Bank (SIVB US) and Signature Bank (SBNY US) we find it encouraging to see Janet Yellen et al moving to stem any panic contagion run on the banks as opposed letting a repeat of the GFC unfold.
On Wednesday night Swiss authorities moved to follow suit with Credit Suisse (CSGN SW).
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
