Back in January, John Titus warned that we were in the midst of a banking crisis. And sure enough, just over a month later, the evidence of the crisis emerged with the sudden collapse of Silicon Valley Bank and Signature Bank. I invited John back on to my bi-weekly Arcadia Economics podcast to discuss his prediction in January and his view on what happens next. The Fed has already pivoted from its tightening policy. The stock market’s acknowledgement of that is reflected in the big decline in interest rates across the yield curve, particularly at the longer end as well as the recent partial reflation of the stock market, especially in the large-cap tech sector.

We all knew the Fed would be faced with an “inflate or collapse” decision – a decision that has to occur sooner than expected:

In the latest issue issue of my Mining Stock Journal, I update several “portfolio” mining stocks, as well as highlight a couple of irrationally undervalued micro-cap junior development stocks in which I am invested and recommend in my newsletter. You can learn more here: Mining Stock Journal information