Independent thinking for complex markets and current events
China is addressing its debt problems, particularly at the local government level, where reliance on non-productive investments in property and unsustainable fiscal practices have led to financial challenges. 1/7According to a source cited by SCMP, the national financial work conference set to start today will primarily focus on resolving the country's "debt problems". The source …
HSBC’s CEO and other prominent leaders in the financial world are issuing dire warnings about the world teetering on the brink of a debt crisis, driven by years of extensive government borrowing. They emphasize the urgent need to address the mounting debt levels. The data presented underscores that we have yet to witness the full …
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 …
Insane. The current Nasdaq-to-Treasuries ratio stands 70% higher than its level during the tech bubble's peak. This chart puts into perspective how, despite ongoing issues with Treasuries, the more relevant question now is whether overall equities can remain as overvalued as… pic.twitter.com/CKBWvHPtU6 — Otavio (Tavi) Costa (@TaviCosta) October 9, 2023 BREAKING: Banks are bracing for …
I guess many had started buying in bonds with this in mind. But the impending recession just kept getting postponed…would have definitely hurted those fresh positions… — J (@Being__J) October 6, 2023
This liquidity strain might prompt banks to tighten lending, potentially making it more challenging for individuals and businesses to access credit. A record $870 billion of deposits have left banks over the last 18 months. This is the highest deposit flight since The Great Depression. The UAW strike, student loan payments & government employees furloughed …
“Once again, media’s setting up the “Perfect Storm” narrative to cover for the Fed’s recession. The Journal lists out a “convergence of hazards” that could tip us over: union strikes, government shutdown, student loans, soaring gas prices. Only one they forgot is aliens. They do this every time: Biden’s inflation had a new excuse every …
“JUST IN: Nearly 700 US banks now exceed the 2006 Commercial Real Estate (CRE) loan concentration guidance. What is the CRE loan concentration guidance? It’s guidance by the FDIC for the amount of exposure that small banks should have to CRE loans. Currently, small banks hold over 70% of CRE loans which is $2 trillion …
UAW strike of all ‘Big Three’ Detroit automakers would cost economy $5.6B Less than a month remains until the September 15 deadline for new contracts Union boss Shawn Fain is calling a strike authorization vote next week A ten-day strike by the United Auto Workers that shuts down the ‘Big Three’ Detroit automakers would cost …
by Dismal-Jellyfish Source: https://abi.org/newsroom/press-releases/commercial-chapter-11-filings-increased-68-percent-in-the-first-half-of-2023 The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Individual chapter 13 filings increased by …
via Schiff Gold: Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce. The bullish case for silver in the mainstream typically revolves around price inflation. There are certainly reasons to think inflation is stickier than the powers that be want to admit and that the Federal …