Banking failure

[AlbertaFarmer5]

Not this year

Three quarters of this year is still remaining.

[Old Cowzilla]

Didn't Japan go looking for other energy suppliers a little while ago but was given the bum's rush. HMMMM what was that country again hmmmmm.

[shtferbrains]

Didn't Japan go looking for other energy suppliers a little while ago but was given the bum's rush. HMMMM what was that country again hmmmmm.

Japan and Germany were looking to diversify their suppliers to provide more security and stability.
Russia/Ukraine and what has to be referred to as political instability in countries adopting green/climate catastrophe policies highlights the need for secure, dependable supply.

Canada would seem to be ideal alternative. But currently we have to be described as politicly unstable as our policies come from one person or a very small group.

Biden, Trudeau and the Socialists Greens in Europe are handing the power back to the OPEC+ cartel.

[sumdumguy]

As Canada and US destroy their oil industry, the Middle East and Russia become richer and richer and more and more powerful. So we become poorer and weaker and the oil generators become richer and more powerful. The end game is glaringly ominous. This is not good at all.

[TASFarms]

https://stocks.apple.com/ASbuZAfQDQU6PcRJ8yb_MOw

[errolanderson]

Strap-in . . . there’s 2nd wave of incoming bank failures that all of us will feel.

My opinion . . . equities grossly overvalued and a ‘sitting duck’. Greed is exploding as investors feel confident central bankers have their back for eternity.

The global recession is now quickly deepening.
Corporate bankruptcies now exploding stateside, up 70% in Q2. Asset values remain under pressure.

If the Bank of Canada and Fed hike rates again . . . good grief!

[errolanderson]

U.S. bank credit growth now crashing to zero (0). This is not good folks. Consumer fallout and more bank failures ahead.

Thank goodness, the Fed stated this week assuring investors there is little risk of recession.

[errolanderson]

Kansas bank closes this week, avalanche begins. Another run on regionals?

[wheatking16]

Kansas bank closes this week, avalanche begins. Another run on regionals?

If it happens, my thesis is regionals have another 10% higher to go before a catalyst drives them lower.

[biglentil]

Kansas bank closes this week, avalanche begins. Another run on regionals?

And you are predicting the purchasing power to rush back into the dollar? Ie)deflation

How can one arrive at that conclusion when not even the banks are safe?

[errolanderson]

And you are predicting the purchasing power to rush back into the dollar? Ie)deflation

How can one arrive at that conclusion when not even the banks are safe?

USD is quite oversold. Gold and oil is quite overbought. Loonie caught in-the-crosshairs.

[beaverdam]

USD is quite oversold. Gold and oil is quite overbought. Loonie caught in-the-crosshairs.

Hasn't Trudeau, during the years of his regime, successfully unhinged the CAD from oil prices???

Seems to me in the past, the CAD reacted and followed more closely to the price of WTI, than it has lately.

The Turd's strategy to have the CAD associated with something else,,, after he shuts down oil & gas in Canada! ???

[furrowtickler]

Hasn't Trudeau, during the years of his regime, successfully unhinged the CAD from oil prices???

Seems to me in the past, the CAD reacted and followed more closely to the price of WTI, than it has lately.

The Turd's strategy to have the CAD associated with something else,,, after he shuts down oil & gas in Canada! ???

The white elephant battery plants they are pouring billions of tax payer money down the drain . And all other wealth sucking green projects

[jazz]

USD is quite oversold. Gold and oil is quite overbought. Loonie caught in-the-crosshairs.

With an empty SPR, BRICS rumblings this month and climate fanatics running wild, oil is far from over bought.

One thing I know about the stock market and banks, is that the powers that be will never let them fail. They will take every dime from you and me to keep them afloat if they have to.

[errolanderson]

Moody's has downgraded ten (10) mid-size American banks this week. More financial failures ahead.

U.S. corporate bankruptcies now exceeding total for all of 2022. Layoffs intensify as U.S. jobs report disappoints. Reality coming home to roost as ill-thought out central bank policies dig a deepening recession.

Central banker rhetoric very painful to hear. Media still lapping-up the dead inflation storyline.
Gong-show (IMO) . . . .