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Old 05-01-2023, 09:39 AM
 
Location: Baltimore, MD
5,328 posts, read 6,014,984 times
Reputation: 10958

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Quote:
Originally Posted by Sunbiz1 View Post
Finally, I get some useful info here...thanks.
https://www.fdic.gov/resources/resol...led-bank-list/
A better source though, and it seems commercial mortgage backed securities are once again an issue.
Great! But this begs the question: WTH was the source for your (somewhat shocking) initial belief?
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Old 05-01-2023, 01:26 PM
 
4,939 posts, read 3,047,903 times
Reputation: 6734
Quote:
Originally Posted by lenora View Post
Great! But this begs the question: WTH was the source for your (somewhat shocking) initial belief?
An incomplete one I'll not be utilizing again, but at least it got me to digging around for better perspective.
https://www.fdic.gov/bank/historical/bank/

I'm not the best at graph/chart interpretation, but I see assets now at an unprecedented level since 2007.
This concerns me, as we also see what followed the last run up in assets.
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Old 05-01-2023, 02:03 PM
 
Location: Baltimore, MD
5,328 posts, read 6,014,984 times
Reputation: 10958
Quote:
Originally Posted by Sunbiz1 View Post
An incomplete one I'll not be utilizing again, but at least it got me to digging around for better perspective.
https://www.fdic.gov/bank/historical/bank/

I'm not the best at graph/chart interpretation, but I see assets now at an unprecedented level since 2007.
This concerns me, as we also see what followed the last run up in assets.
Ahh, you must be relatively young. My first thought was, "On what planet does this person live?" Back in the old days*, it was even broadcast via daily news.

* This is the first time I have used that phrase. I am now officially old.
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Old 05-01-2023, 05:47 PM
 
4,939 posts, read 3,047,903 times
Reputation: 6734
Quote:
Originally Posted by lenora View Post
Ahh, you must be relatively young. My first thought was, "On what planet does this person live?" Back in the old days*, it was even broadcast via daily news.

* This is the first time I have used that phrase. I am now officially old.

It makes no difference how old you are, even boomers have only witnessed 4 major bank failures.
3 just having occurred, the 4th being Washington Mutual. This is what I had meant to post earlier.
Let this sink in, one major bank for the "great recession"; we now have 3.
And if I'm still not making sense, PBS news hour just ran their lead story on this topic less than an hour ago.
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Old 05-01-2023, 06:31 PM
 
Location: Flyover part of Virginia
4,232 posts, read 2,455,407 times
Reputation: 5066
Quote:
Originally Posted by Avondalist View Post
I think the problem is that there's a lot of debt that can be serviced - at very low interest rates.

If you have a security backed by mortgages with a 3% interest rate issued a few years ago, and you can buy 10 year treasuries at 3%+, those mortgages get much harder to resell.
Peak oil and energy/resource depletion will quickly make all of this debt unserviceable - even at near zero interest rates. Of course, the era of practically free credit is gone for good
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Old 05-02-2023, 03:02 AM
 
106,608 posts, read 108,757,383 times
Reputation: 80096
just wait until we fall in to recession and the feds only recourse is to reverse rates or risk making the mistakes japan did

wait for it
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Old 05-02-2023, 08:13 AM
 
Location: Flyover part of Virginia
4,232 posts, read 2,455,407 times
Reputation: 5066
Quote:
Originally Posted by mathjak107 View Post
just wait until we fall in to recession and the feds only recourse is to reverse rates or risk making the mistakes japan did

wait for it
We have already blown our stimulus/QE load. Next time we try it, we will just overdose on stimulus/QE, and end up killing the dollar.
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Old 05-02-2023, 10:13 AM
 
106,608 posts, read 108,757,383 times
Reputation: 80096
remains to be seen .

so far your predictions haven’t been so hot
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Old 05-02-2023, 11:29 AM
 
Location: Orange County, CA
4,901 posts, read 3,358,842 times
Reputation: 2974
Quote:
Originally Posted by mathjak107 View Post
remains to be seen .

so far your predictions haven’t been so hot
We already seeing massive moves from other countries away from the dollar as the reserve currency for international transactions recently.

Even the mainstream media could no longer ignore the issue.
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Old 05-02-2023, 11:59 AM
 
18,801 posts, read 8,465,846 times
Reputation: 4130
Quote:
Originally Posted by Lycanmaster View Post
We already seeing massive moves from other countries away from the dollar as the reserve currency for international transactions recently.

Even the mainstream media could no longer ignore the issue.
What's recent is more main stream talk. This has been going on gradually since 1971.

https://www.bis.org/publ/qtrpdf/r_qt2212x.htm
https://www.reuters.com/breakingview...ws-2023-02-28/
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