This is WORSE than the 2008 Financial Crisis
Credit card defaults are rising at levels NEVER seen in 3 decades pic.twitter.com/ckQqHGWKKg
— Game of Trades (@GameofTrades_) October 28, 2023
If you want to get an idea about the magnitude of the crisis that will hit the US, take a look at the red bars from 2008 compared to recent ones. These represent unrealized losses on securities at US banks. If you think 2008 was bad, this is worse than 1929. Follow for more… pic.twitter.com/p0zouRoDd9
— Online Shogun (@online_shogun) October 28, 2023
📉 Big banks' massive layoffs are sounding the alarm for a potential market crash worse than 2008. Don't miss this crucial analysis.#MarketCrash #EconomicCrisis #BankLayoffs #FinancialNews #EconomicAnalysis #RichPromax #crisis #recession pic.twitter.com/6sgAUDcTDB
— Rich Pro Max (@RichProMax) October 20, 2023
Dr. Lacy Hunt's measure of "spendable" money, US bank's other deposit liabilities (deposits), continue to fall, now down -$1.72 trillion from its peak. This is one heck of an experiment. pic.twitter.com/xSgVMGsltA
— Randy Woodward (@TheBondFreak) October 28, 2023
Got unequivocal headlines?
"Avg monthly new mortgage payment 52% higher than avg apartment rent per @CBRE The last time the measure looked out of whack was before the 2008 housing crash. Even then, the premium peaked at 33% in the second quarter of 2006"t.co/ijbsqP7lWl
— Danielle DiMartino Booth (@DiMartinoBooth) October 23, 2023
China's 2023/2024 Real Estate Crisis May Be Worse for Xi than 2008 for US Property Market According to BBG…
Land sales have almost completely halted… (see graph)
"China's housing slump might deliver a bigger blow to its economy than the 2007 property meltdown did in the… pic.twitter.com/C0OMS22yxr
— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) October 24, 2023
The breadth today is even worse than 2008.. crazy pic.twitter.com/Qnk6OW2S7g
— Guilherme Tavares (@i3_invest) October 20, 2023
After Slamming Fed Forecasts CEO Jamie Dimon Dumps $140 Million In JPMorgan Shares
In an alarming move, JPMorgan CEO, Jamie Dimon, is dumping 1 million shares of the bank for the first time ever, cashing out roughly $140 million. The timing is suspicious, especially following Dimon’s stark warnings about economic uncertainties and his pointed criticism of central banks, particularly the Fed. At a recent summit, Dimon explicitly called out central banks for their consistent misjudgments and emphasized caution for what’s looming in the next year. This massive stock sale, juxtaposed against his vocal skepticism, raises red flags about his dwindling trust in the Federal Reserve’s ability to navigate the murky financial waters ahead.
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