Banks Face Looming Credit Crisis: Sharp Declines and Record Bad Loan Write-Offs Signal Imminent Credit Event

The situation is getting serious as banks are experiencing one of the sharpest declines in lending activity ever recorded. This means they’re not lending money as readily as before. At this rate, we might be heading towards a “credit event,” which essentially means a big problem in the world of credit and lending. Moreover, banks …

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‘Is China is on the brink of a credit event?’

Chinese stocks are now underperforming US stocks by the most since 2001. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. Adding to this, Evergrande just filed Chapter 15 bankruptcy. All while China just “unexpectedly” cut interest rates. Is China …

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Watch $TLT over the next two days… A credit event is coming.

https://twitter.com/leadlagreport/status/1694696850584994092 https://twitter.com/NorthmanTrader/status/1694752843645833328 Bearish engulfing pattern on the $qqq after failing at its 50-day moving average pic.twitter.com/zKzYaAO1Tv — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 look at on SPX pic.twitter.com/iqJiKCw4Lo — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 Narrative violation: Dealership service volume has officially hit a *5-year low* for the month of July. 5-YEAR-LOW. (Service …

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Two Athletes Die During Ironman Event

A third athlete required medical attention during the competition as well. Just as the swimming event was commencing at 7 a.m., one athlete had a medical emergency, while a second athlete was later discovered to be unresponsive along the swimming course route. One case is being investigated as a possible cardiac arrest, while the second is …

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Unusual complacency in global RISK OFF event. Powell likely to finish off China this week. Chinese Bubble bursting may trigger global bubbles.

We've never seen this before. A buffoonish level of complacency in a global RISK OFF event. pic.twitter.com/GgJPZWs1fP — Mac10 (@SuburbanDrone) August 19, 2023 There is a high probability that Powell will finish off China this week. And then U.S. gamblers will wish they had a map with more than one country on it. pic.twitter.com/90cy9Cz38j — …

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China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says

via Reuters  LONDON, Aug 17 (Reuters – Hedge fund EDL Capital is betting on further falls for China’s offshore currency and says the yuan’s slide could be the next “black swan event” to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the …

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Sen. Ron Johnson: Event 201 was pre-planned by elite group, concerning for loss of freedom and power struggle.

SEN. RON JOHNSON ON COVID: "This was all pre-planned by an elite group of people. Event 201… This is very concerning in terms of what continues to be planned for our loss of freedom. We’re up against a very powerful group of people.” pic.twitter.com/JcYlO6DwxE — Ben Kew (@ben_kew) August 11, 2023 https://www.zerohedge.com/covid-19/sen-ron-johnson-says-pandemic-preplanned-elite-group-people-who-conducted-event-201 Here is the …

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Among 35 to 44 years olds, 34% more died than expected.. This unnatural loss of life is on the scale of a war or terrorist event

Life insurance actuaries are reporting that many more people are dying – still – than in the years before the pandemic. And while deaths during COVID-19 had largely occurred among the old and infirm, this new wave is hitting prime-of-life people hard. No one knows precisely what is driving the phenomenon, but there is an …

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Montpelier, VT – Potentially Catasrophic Flood Event

Dear God! From City of Montpelier FB page pic.twitter.com/7UmyfFABjJ — Jim Cantore (@JimCantore) July 11, 2023 The Winooski River is over a FOOT higher than it was during Irene and holding at the time of this tweet. https://t.co/d8uWaQFKFn — Jim Cantore (@JimCantore) July 11, 2023 The capital of Vermont is cut off this morning with …

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98% of the global economy is now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages. Get ready for the next black swan event

by BoatSurfer600 via reuters: A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over the past …

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The Department of Defense “pride” event last week gets more bizarre with scrutiny…

These enemies within are intentionally destroying our military and our country. China could never do a 1/10th of the damage that these bastards are doing to us. The @DeptofDefense "pride" event last week gets more bizarre with scrutiny. Thread: 1. Here, LTG Burt openly admits she lets supposed concerns over "anti-LGBTQ+ laws in a state" …

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Significant Severe Weather Event Today, 6/15: Oklahoma

Tornado Alley Like I said last week, El Nino is kicking in and there could be large tornado outbreaks mid June. Yesterday, Dixie Alley got hammered. Today, heads up Oklahoma. Day 1 Convective Outlook NWS Storm Prediction Center Norman OK 0101 AM CDT Thu Jun 15 2023 https://www.spc.noaa.gov/products/outlook/day1otlk.html Valid 151200Z – 161200Z …THERE IS A …

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