by Historical-Egg-5570
Uh oh š t.co/TDdTFR5SHQ pic.twitter.com/wVLS0bSH24
— Financelot (@FinanceLancelot) September 27, 2023
Yields on 10-year Treasuries closed at new post-2007 highs today, driven by real yields, which closed out at new post-2009 highs. Oil closed at the highest levels in more than a year and the euro is poised to break through 105 vs the dollar. (1/3) pic.twitter.com/sdyvdOW4VC
— Lisa Abramowicz (@lisaabramowicz1) September 27, 2023
āPerfect Stormā is going worldwide:
Europe and UK are on the edge of formal recession. China's collapse continues. And the US is settling into stagflation: stagnant growth and rising prices.
The crash is worldwide because the cause was worldwide: printing trillions to bribeā¦ pic.twitter.com/wMy3QjfPF1
— Peter St Onge, Ph.D. (@profstonge) September 27, 2023
Banks are in far worse financial shape now on their residential mortgage books then they were in 2008. Back then banks only lost money on the small percent of borrowers who defaulted on their mortgages. Now banks are losing money on every borrower who pays their mortgage on time!
— Peter Schiff (@PeterSchiff) September 27, 2023
Home š” Prices, Sales
& Mortgage Rates pic.twitter.com/AiYzEYOZDd— Win Smart, CFA (@WinfieldSmart) September 28, 2023
JPMorgan, $JPM, Mario Kolanovic says markets today "rhyme with 2008"
— unusual_whales (@unusual_whales) September 28, 2023
Iām personally more concerned with the early delinquency Iām seeing in FHA/VA which has doubled as a % of MBS since 2009- govt sponsored subprime
But in case you think it is different this time – itās not
All types of risk out there – ask the Fed. t.co/e9cFhoyC2x t.co/57cDXXygCG
— Melody Wright (@m3_melody) September 27, 2023
It feels like everything could align to trigger a crash of epic size. There are scandals, inflation, war, rumour mills, lawsuits, and lots of clearly low quality product and content both online and in the every day community. China has had the tremblings of financial issues that they keep trying to quiet, and old behemoths from the last century are being acquired left right and center.
Predictions that a crash is coming, alongside the sudden crackdown on the internet in various countries over the past year suggest they are trying to get ahead of something. October is historically bad for the markets, and lately there has been general discontent and a disconnection between every day rising costs and the ability for most countries to remain competitive. Third world countries are causing problems as they grow but they need the first world just as much for their growth because many of them are riddled with corrupted officials and poorly run infrastructure that without first world support and buyers they will not sustain. First world grew fat on cheap manufacturing that it outsourced, all the while hollowing out the economy around themselves for the past few decades and it has caused multiple crashed first in 08 the 20 and I predict within the year if not October.
All bubbles burst when the people at the local store, mall, coffee shop, or ball game start to talk about something and they are talking about the rising prices, the influx of bad immigration, the loss of culture, the decaying of values and way it used to be and how much better it was.
When the bubble bursts the purge will begin and I for one hope this time something actually happens and the people rise up. We learned about revolution….maybe it’s time to renew those convictions with action.
The market will cause something to happen and unless the rates really have some way of making real measurable wages for people and stopping the problems of globalization we will likely see a crash.
Dollar Index Could Be Pointing to Major Banking Crisis.