Banking failure

[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) . . . .

[fjlip]

Yes to make Sleepy Joe look awake and Dumbocrats to look good managers...

[jazz]

Wow, how did I miss this piece a few months ago.

[beaverdam]

The banks would rather put you into a 99 year mortgage, than take possession of your home.(along with 100's of thousands of other's homes)

It's like renting your house for a lifetime, if it happens to increase in value, you might end up OK, if the price goes down,,, you're SOL.

[helmsdale]

Those would be fixed payment, variable rate mortgages...

Best part is, when they come up for renewal, they'll reset to a max 25yr term. Means guys "making their payment" right now will have to significantly increase their monthly payments when it renews. Can they afford it? Is their house now "under water"? Does the bank require extra collateral or a cash infusion to bring their % liability back into line if the home is worth less than the principal outstanding? Exciting times...

[Guest]

House prices have gone nuts in Saskatoon
No slowdown yet

[furrowtickler]

House prices have gone nuts in Saskatoon
No slowdown yet

Agree , I see near zero “deflation” in day to day life
I am leaning way more to the devaluation of our currency to Passos than anything , well and insane pure gouging now