The great debt crash

[TOM4CWB]

blinding freddy can see oils on shaky ground , real estate fall out seems to vary country to country

Credit Suisse new lows… down as much as 25% this morning to 1.68… Saudi S said they would not put any more money in as at more than 10% equity big regulatory issues…

The Fed has broken things… 2 month interest down to 4% … was well over 5% a week ago….

Oil WTI down to $70/bbl this morning… canola still dropping… CDN $ dropping this morning…

Interesting times!!!

Cheers

[Old Cowzilla]

I'm sure if the canola market or cattle market crashes all these government regulators will race in and bail us out too*********** P.S. cattle market was still hot yesterday in town from what we saw.

[errolanderson]

Multiple European bank stocks have halted trading.

Thankfully, Cdn banks aren’t involved in any of this mess (according to Bloomberg). Har!

[jazz]

World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.

A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.

Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.

[recapped]

Hey, Gold is up $21 to $1925

[AlbertaFarmer5]

World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.

A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.

Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.

Unless we think this is the time they are going to finally quit kicking the can, and let it all crash and burn, then it is safe to assume that this brief adventure into sound monetary policy is already over, and we will be back to the regularly scheduled program of QE, artificially low interest rates, helicopter money, bailouts etc.

As Jazz points out, one way results in angry mobs immediately, the other is a slow boil which the populace will tolerate, and even get governments reelected.

[biglentil]

The can can be kicked no further. What we are witnessing in real time will make the 2008 financial crisis look like a dress rehearsal. Get woke go broke, Western financial institutions are in big trouble.

[AlbertaFarmer5]

The can can be kicked no further.

I think we have heard that before. Someday it will definitely be true. But betting on that has been losing proposition for a long time.

[biglentil]

I think we have heard that before. Someday it will definitely be true. But betting on that has been losing proposition for a long time.

Rather be a year or two early than a second late.

[AlbertaFarmer5]

Rather be a year or two early than a second late.

Absolutely true. The trouble is, how many people have been a decade or three or more early for the inevitable collapse.