Depron warning

First Republic Bank and real estate

As many of you already know, the trading on shares of First Republic Bank was halted yesterday, with a 18% plunge in its stock price. Like we warned at the end of March, the banking crisis is far from over.

We will provide an update on the U.S. economy in the Deprcon Outlook published tomorrow. We will also provide a second list of U.S. banks to avoid next week, including those in most risk on the impending collapse of the commercial real estate.

Recommendations for customers concerning First Republic Bank and an update on the list of U.S. banks to avoid are presented below.