Four events in April that set the stage for the rest of 2016

Author Nomi Prins (All the President’s Bankers) just published an interesting analysis of some events that took place last April, beginning with an impromptu summon for Janet Yellin to meet with the current occupant of the White House on April 11, which was followed by several other meetings during the same week (see What is spooking the Fed? Are emergency meetings signalling the perfect storm is upon us?).

As Prins reminds those of us who were not paying attention, Yellin’s visit at the White House was also followed two days later by the publication of a joint press release from the Federal Reserve and the Federal Deposit Insurance Corp. that “effectively indicated that seven of the eight systemically important (“too big to fail”) U.S. banks would need another HUGE bailout (as opposed to the cheap money that lubricates them now) in a crisis.”

So, what do these meetings portend for the rest of 2016?

Click here to read Nomi Prins’ analysis on the Daily Reckoning.

Henri Thibodeau RiderInBlack Henri’s Web Space

Advertisements
This entry was posted in Finance & Economy and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply | Laissez un commentaire

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s