Moody's missed not only Signature Bank's problems, but Silicon Valley Bank's as well

On Wednesday March 8, Moody’s still had an A3 rating on SVB Financial, owner of the now defunct Silicon Valley Bank, as it was already collapsing for all to see. Four notches into investment grade – a very respectable rating!

More.

Bernie Sanders isn't wrong about being worse off than in 1975: Real median earnings of full-time men in 2018 are worse than in 1973 according to the US Census Bureau

Bernie was right in 2015 and it's even worse now: Real wages of men are lower than they were 45 years ago, a fiasco

Wolf Richter:

The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there has been a “real” income decline for men over the past four-plus decades! ... [M]en’s real earnings are a fiasco.