Independent thinking for complex markets and current events
Central banks around the world are now starting to cut interest rates. With the Bank of Canada and the ECB being the first two central banks to cut. Does that mean that the Federal Reserve might be next?
BREAKING: Rosbank’s website is down. Customers can’t login. Multiple Russian banks are preventing clients from logging in because they don’t have liquidity to give clients their money, due to new US sanctions. Is this the start of a Russian bank run? pic.twitter.com/swI1LUv7st — Visegrád 24 (@visegrad24) June 13, 2024 Russian banks limitingTransactions#Russia #Finance #RussianBanks#RubleToDust https://t.co/pyyYDQP9Tu …
According to the Federal Deposit Insurance Corporation (FDIC), the number of banks on the Problem Bank List increased from 52 in the fourth quarter of 2023 to 63 in the first quarter of 2024. These problem banks represent 1.4 percent of total banks, which falls within the normal range for non-crisis periods (typically one to two percent of all banks). Additionally, …
by Michael If the economy is fine, why are so many signs of trouble erupting all around us? Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers. When you take an honest look at the cold, …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, eclipsing levels observed during the financial crises of 2008 and 2020. To put it starkly, …
Now central banks can't prevent collapse, and they can't stop collapse. We have achieved global monetary euthanasia. pic.twitter.com/KRSfEnTuYV — Mac10 (@SuburbanDrone) June 9, 2024 42% of Russell 2000 firms are unprofitable $IWM pic.twitter.com/xtC4Ur9j0o — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 9, 2024 I think the more the Fed has to stay “higher for longer” …
Canada and EU has already cut rates this year The global economy awaits the most coordinated easing since the Great Financial Crisis. 10 out of 11 major central banks are expected to cut rates in the second half of 2024, the most banks in 16 years.👇https://t.co/4SILXocj5M — Global Markets Investor (@GlobalMktObserv) June 8, 2024 Today's …
CNBC: 282 Banks at "risk of failure" from commercial real estate and Fed rate hikes. When the Fed was founded it solemnly swore to protect the dollar. That has morphed into a bailout industrial complex — a "third mandate" — that is increasingly too big to bail out. pic.twitter.com/VMeBe5wmE8 — Peter St Onge, Ph.D. (@profstonge) …
Approximately $929 billion of the $4.7 trillion outstanding commercial mortgages held by U.S. lenders and investors are set to mature in 2024, marking a 28% increase from the $729 billion that matured in 20231. Additionally, regulators have identified the near $6 trillion pile of outstanding commercial real estate loans as a top threat to the financial system …
Credit unions are run under NCUA guidelines while banks are FDIC. NCUA has stricter standards and are not for profit. Sounds like someone is upset they cant get their fingers in the money train. “The Independent Community Bankers of America (ICBA), led by President and CEO Rebeca Romero Rainey, has expressed concerns about the recent …
This is fine… Source: https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024 h/t skeletor00
Disney’s Pixar division is in deep, deep trouble. Flop after flop after flop has plagued this once infallible brand, which leaves the single option a Hollywood that has run entirely out of fresh ideas and talent has: reboots and sequels… [Pixar president Jim] Morris’ strategy to turn things around involves balancing original movie ideas with …
The gold rush of central banks. Today’s Michael Lewis “Big Short” opportunity is rather the ongoing devaluation of fiat currencies relative to real assets with limited supply, which are imperative to society either as commodities or sound money. pic.twitter.com/t6JZMmbAmm — Otavio (Tavi) Costa (@TaviCosta) June 1, 2024 I've been asked for years, "What is going …
Big lenders are more exposed to commercial real estate than it might seem at first glance, a study says. In addition to lending to property owners, big firms also offer indirect lending to REITs, raising their exposure by about 40%. Wall Street has been worried about distress in commercial real estate amid high interest rates. …
This looming capital need suggests a potential liquidity crunch on the horizon, exacerbated by stress indicators such as a high Fed funds rate and a sharp decline in private credit fundraising, reflecting levels not seen since 2020. BANKING CRISIS 3.0🚨 Chart depicts double top for a reason. Stressed banks"More than 280 U.S. banks with nearly …
Banks have been extending credit using a rule of thumb that a property’s operating income will be at least 8% of the loan every year, though other experts claim a 10% test is being applied to some newer loans. h/t TheNeighborhoodNerd
Central bank net purchases now account for more than a fifth of global gold demand or about twice the proportion between 2012 and 2021 pic.twitter.com/z9pcvCZqin — Win Smart, CFA (@WinfieldSmart) May 28, 2024 BREAKING: 🚨 Argentina Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is …
"The FDIC shows how CRE concentration risk lives in banks *under* $100 billion—but the big office losses have been have been absorbed by the banks over $100bn."@stevenkelly49 pic.twitter.com/guwin1ehhn — Daily Chartbook (@dailychartbook) May 29, 2024 🚨CRASH ALERT 🚨 update : Compare May 13th VS today. Scary ? You decide. https://t.co/3oGfjOUW2Q pic.twitter.com/JIhWyqEgSx — The Great Martis …
via André Marques Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest rates) has five main consequences that harm overall living …
In a move that could have catastrophic consequences, the globalist-led World Bank has issued a report proposing drastic cuts to global agriculture production. This controversial plan, aimed at achieving “net zero emissions,” threatens to destabilize the world’s food supply and potentially lead to widespread famine and starvation. According to the report, the World Bank intends …
In a stunning revelation that has sent shockwaves through global financial markets, Norinchukin Bank of Japan is urgently seeking to raise $7.7 billion in fresh capital. This desperate move comes as the bank grapples with undisclosed losses on its overseas bond investments, exposing deep-seated vulnerabilities that were hidden behind a façade of conservative banking practices. …
The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation’s economic power on the global stage. However, recent revelations and increasing evidence suggest that the country’s largest banks are on the brink of a severe crisis. This crisis is so …
You couldn’t possibly be referring to them simply not admitting everything was on fire… h/t Calm_Improvement659
The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart. Authorized fraud occurs when a legitimate party initiates a payment only to have a bad actor intervene and hijack the funds. Unauthorized fraud, on the other hand, happens when bad actors initiate or redirect a payment through an account takeover …
Gold prices are reaching record highs because of strong buying by central banks. Central banks in countries aligned with China are diversifying their assets from the US dollar into gold. Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions. Gold prices are on a tear recently thanks to strong buying …
Prepare for a seismic shift in the gold market as the precious metal defies conventional wisdom, soaring despite the backdrop of high real rates and a robust dollar. This unexpected surge hints at a fervent bid for diversification among central banks worldwide, reshaping the landscape of global finance. Gold's rise despite high real rates and …
Canadian banks are anticipating a jaw-dropping 60% hike in monthly mortgage payments for those with variable rates is nothing short of a financial catastrophe waiting to happen. With housing costs already soaring, this sudden and substantial increase in mortgage payments is a recipe for disaster, putting countless Canadian families at risk of losing their homes. …
Personal and household debt at all-time highs,far fewer loan transactions, Low interest. All bad signs for banks. Not to mention their exposure to airlines, hotels, tourists, and other industries. I’ll be surprised if any can pass the stress test. They cant play fast and lose with bank members’ cash. Banking shares still down about 30% …
