Shares of First Republic Bank today fell by another 50%, thereby falling more than 97% since the beginning of the year.
https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall
Shares of First Republic Bank today fell by another 50%, thereby falling more than 97% since the beginning of the year.
https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall
Another reason the insane money printing done by the Fed was possible was the Petrodollar. Now that its being dropped like its hot, inflation most likely will have a little more umph to it and printing dollars will never be as easy to do, possibly ever.
Oh yeah completely agree, no countries outside the west want to hold dollars anymore. This directly shrinks the size of the US financial system.