The great debt crash

[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.

[errolanderson]

Used vehicle prices starting to come back-to-earth.

Down 4 months in-a-row or nearly 20 percent off from early 2022 highs. Repossessions picking up as interest rates climb. A lot more downside appears possible as credit issues swell.

[errolanderson]

Bank of America reporting a race-of-investors now converting investments to cash.

Where will markets be by Xmas?

[macdon02]

Bank of America reporting a race-of-investors now converting investments to cash.

Where will markets be by Xmas?

Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.