Live from the Heart of America—I’m Steve Gruber—ready to deliver an inclusive and diverse discussion on the most important topics of the day—giving you better analysis and insight that anyone else—shining a spotlight on the cockroaches of the swamp—and delivering truth and justice just when hope was starting to fade—
Here are the 3 Big Things you need to know to start today—
Number One— A dad in Minnesota beat another man to death—a convicted sex offender—with a moose antler—after he claims he daughter was being stalked—
Number Two— Hillary Clinton—is back like a bad penny and she is beating on the drums of war again—promoting the move toward a war with Russia—
Number Three— Silicon Valley Bank was open on Monday—under new ownership after it failed last week—
The bank was heavily involved in the tech industry and start-ups—
The bank had $40 billion dollars liquidated by investors in about 2 hours last Thursday after Peter Thiel—made a comment on a conference call last week telling everyone to take all their money because the bank was failing—
And if this was just one bank on the brink—it would be one thing—BUT then a second major bank, Signature failed in New York—that was heavily invested in crypto-currency—and regulators took over—
And you may think things are ok now—BUT I would not bet on it—my sources are telling me—we could see more regional banks and specialty banks getting crushed—
This process—could be the opening act—and it will almost certainly chase money into the 4 or 5 biggest banks in the country—meaning more bigger banks—
Are we on the verge of nationalizing the banking system in America—maybe—some people are saying that is exactly what is coming—whether intentional or accidental—
But let me be crystal clear—this is a very unpredictable time—and it could mean more banks—more upheaval and more tough days—
The biggest takeaway is this—despite all the happy talk—inflation is still out of control—and that will mean more big interest rate hikes by the fed—
What will that mean for the stock market? That’s not clear yet either—but it has remained in a tight range—and that usually means a sharp break up or down—and if the market thinks the banking issues are under control that could be up—However—the market could also break going the other way—
The foundational failure of the Silicon Valley Bank—can likely be tied to its aggressive woke investment policies—and its ESG approach—BUT it depends on who you ask as to whether or not it had an impact—