The great debt crash

[jazz]

These major economies are headed into recession in the next 12 months,

https://www.cnbc.com/2022/07/05/us-uk-europe-japan-will-be-in-recession-over-next-12-months-nomura-.html

[errolanderson]

The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . .

[bucket]

The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . .

I am no economist but I fail to understand how making mortgages more expensive along with the regular food and gas helps the average consumer.

I feel for young people getting their first job, maybe buying a vehicle to go to work they are essentially better off playing video games in their parents basement.

That is not right.

Maybe they want to save for a better education while working....not gonna happen.

Same can be said for a kid wanting to farm , by the time he saves enough for a down payment on enough land to live on, he would be better off retiring.

I also think thats why many generational farms are coming on the market. The easy money is at 2 percent on a few million rather than a 2 percent margin on farming the land.

Money works 24/7. I can't do that anymore.

[errolanderson]

Now all markets hear . . . Fed pivot, fed pivot, fed pivot. Quick translation is; Fed panic, fed panic, fed panic.

Interest rate cuts sooner than later, but Fed governors say stay-the-path. A total GONG SHOW in-progress.

[biglentil]

The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . .

Gold up $40 on the week.


And copper may of consolidated somewhat from all time highs, but seems to have found support in the 3.40's. Higher highs and higher lows, I see that as healthy. Far from sick...

[errolanderson]

Europe's red alert: Banks ready to shutdown forever

the ecb is concerned about a potential wave of defaults on banks.

[biglentil]

Europe's red alert: Banks ready to shutdown forever

the ecb is concerned about a potential wave of defaults on banks.

If systematic risk overwhelms the financial sector it might not be paper the masses go flocking to this time around, but hard commodities. Can't feed or heat your home on 0's and 1's, just sayin.

[errolanderson]

If systematic risk overwhelms the financial sector it might not be paper the masses go flocking to this time around, but hard commodities. Can't feed or heat your home on 0's and 1's, just sayin.

Masses won't have the money. It's gone . . . .

[biglentil]

Masses won't have the money. It's gone . . . .

Yes but they never did. Fiat currency is not money just its illusion. We are at the end of the fiat currency road the can can be kicked no longer.

[ajl]

Masses won't have the money. It's gone . . . .

They will not have any credit either. No more borrowing to eat. Why farmland is the worst investment right now. Best investment: 5.25% GIC. gicwealth.ca

[furrowtickler]

Masses won't have the money. It's gone . . . .

True a bit , kinda
If you want to run a cat , climb a power pole, renovate or paint a house …… you know . actually work … money is very good and your fine .
It’s those at desk jobs playing at computers that are fuked in today’s situation… just an observation

Yup day traders and people playing with others money that actually do *** all to create actual wealth ….. yup they fuked now
And their day was coming
Someone actually still has to do the actual work …… imagine that

[furrowtickler]

Some will figure it out , most won’t
Trade your computer in for a pair of work boots 🥾….. best advice I’ve got

[TASFarms]

They will not have any credit either. No more borrowing to eat. Why farmland is the worst investment right now. Best investment: 5.25% GIC. gicwealth.ca

I was wondering about farmland investors. They might be looking for the exit to get a higher return

[errolanderson]

Whistling past the graveyard . . . .

Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . .

[rumrocks]

Whistling past the graveyard . . . .

Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . .

I agree the BOC was late to the party, then panicked and now there's always the danger they will over shoot.