BIG SHORT ll

[errolanderson]

This is one for the financial record books . . . .

According to JP Morgan Chase, U.S. investor portfolios are now down 44 percent from January to October 18, 2022. This is a train wreck that may take years to recover.

Amazing financial destruction as the U.S. is apparently not even in-recession, we are told . . . .

[ajl]

I think too much is being made of the so called 'bail in' legislation. Banking deposits have always been liabilities to the bank so that if they become insolvent, you stand in line like other creditors. CDIC guarantees $100K of those deposits so one must deal with multiple financial institutions if you have larger deposits and most know that. Registered accounts are separate and joint account each have the $100K guarantee. Credit unions have their own guarantee mechanism as they are not part of the CDIC. That said I am amazed that we have not seen a financial institution failure in canuckistan recently. There have been some credit union mergers and these are likely due to 'handwriting on the wall' situations. The banking sector in canuckistan is overly expanded and I expect to see failures happening. CDIC will likely get dicey the the ninth or tenth one so diversifying one's holdings is wise.

[errolanderson]

Plunging European natural gas prices. Crude oil prices sliding despite OPEC cuts. Hang Seng index diving. Financial instability concerns definitely heightened . . . .

[jazz]

Because QE is being removed the stock market will go back to at least pre covid levels maybe lower. Won’t recover for 5-10yrs. Lot of retirement plans got revised this yr.

Then the housing market is stumbling crumbling as we speak.

Never forget it was insane covid policies and great reset build back better climate garbage that brought this on us as was predicted. My land loan at 2.5% is looking pretty sweet right now.

[wheatking16]

Plunging European natural gas prices. Crude oil prices sliding despite OPEC cuts. Hang Seng index diving. Financial instability concerns definitely heightened . . . .

Grains, oilseeds and fertilizer prices look vulnerable also.

[Taiga]

https://farmpolicynews.illinois.edu/2022/10/fertilizer-prices-are-falling-black-sea-export-deal-in-focus-while-mississippi-river-flow-draws-attention/

[biglentil]

[beaverdam]

Bloomberg: China’s Historic Market Rout Goes Missing From State Newspapers

https://www.bloomberg.com/news/articles/2022-10-25/china-s-historic-market-rout-goes-missing-from-state-newspapers?leadSource=uverify%20wall

7:12 video

[biglentil]

[biglentil]

A whole lot of USD will be coming home to roost as the petro dollar system has reached the end of the road. "How Did You Go Bankrupt?” “Two Ways. Gradually and Then Suddenly.”