The Banking Crisis (bankrupt, purchase, 100,000, currencies)
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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.
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.
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.
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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