Banking failure

[Guest]

[ATTACH]12266[/ATTACH]

Not this year

[biglentil]

Sanctions not only backfired but are not being adhered to. Biden admin isnt respected by anyone.

[shtferbrains]

WTI gapped up above $80 today on news of many OPEC+ countries cutting production.


Biden has mostly emptied the stratigic reserve and has to refill it at much higher prices than he sold it for.
China made regular purchases at lower prices making no sense at all.
So much for Strategic.

Bootleggers always make great profits when legislators make product hard to get.

[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.