Banking failure

[fjlip]

Yes to make Sleepy Joe look awake and Dumbocrats to look good managers...

[jazz]

Wow, how did I miss this piece a few months ago.

[beaverdam]

The banks would rather put you into a 99 year mortgage, than take possession of your home.(along with 100's of thousands of other's homes)

It's like renting your house for a lifetime, if it happens to increase in value, you might end up OK, if the price goes down,,, you're SOL.

[helmsdale]

Those would be fixed payment, variable rate mortgages...

Best part is, when they come up for renewal, they'll reset to a max 25yr term. Means guys "making their payment" right now will have to significantly increase their monthly payments when it renews. Can they afford it? Is their house now "under water"? Does the bank require extra collateral or a cash infusion to bring their % liability back into line if the home is worth less than the principal outstanding? Exciting times...

[Guest]

House prices have gone nuts in Saskatoon
No slowdown yet

[furrowtickler]

House prices have gone nuts in Saskatoon
No slowdown yet

Agree , I see near zero “deflation” in day to day life
I am leaning way more to the devaluation of our currency to Passos than anything , well and insane pure gouging now

[Old Cowzilla]

The banks would rather put you into a 99 year mortgage, than take possession of your home.(along with 100's of thousands of other's homes)

It's like renting your house for a lifetime, if it happens to increase in value, you might end up OK, if the price goes down,,, you're SOL.

And we know how renters like to spend money on houses they are ( renting ? ) to keep them in good shape.

[redleaf]

Chopper bearings for 1688 close to $1200. So I don’t think we as farmers are benefitting from all this rampant deflation.

[helmsdale]

Chopper bearings for 1688 close to $1200. So I don’t think we as farmers are benefitting from all this rampant deflation.

Not sure who is your local CNH, but when I login to mine, I'm showing $313.69 per side for kit #B95346. Comes with bearing, rubber ring, collar, bearing flange, lock collar, and 4 new nuts.

[redleaf]

Not sure who is your local CNH, but when I login to mine, I'm showing $313.69 per side for kit #B95346. Comes with bearing, rubber ring, collar, bearing flange, lock collar, and 4 new nuts.

Hmmmm interesting. Where is your dealer. I would like to check that out. I a bit hesitant to say where I picked up my parts because other than price difference on this item I have been pleased with their service.
I guess I should do a little more shopping around.

[ajl]

Chopper bearings for 1688 close to $1200. So I don’t think we as farmers are benefitting from all this rampant deflation.

As in the 1980's: the rampant deflation is seen in the outputs side not the inputs side. Don't be caught by surprise this time. I sold oats for 4.60/bu after storing them for 11 months so I can use the bin again this fall. Bids were up to $10 in Apr 22. There is where the deflation is.

[errolanderson]

Rumblings that a bank run starting in China. Customers battling to get their cash out. Asia bank defaults heard as a result of failure of China’s two (2) largest real estate developers.

Oil / gold storms up this week on Gaza, now China financial fallout worsens. Volatility ahead . . . .

[errolanderson]

Deflation is now the banking system’s worst fear. This is happening in China right now. Banks are being encouraged to cut mortgages immediately. But the money flow out of China is now staggering.

To me, China now may be our world soon if central bankers keep raising rates adding fuel and exploding the debt crisis without-abandon.

Deflation is the elephant-in-the-room that financial media won’t address. To me, it’s now difficult not to notice price declines almost everywhere across asset sectors, including food costs. China’s deflation is now hitting base commodity prices hard. This is now being felt across the ag sector.

This economic cycle could actually reverse polarity where central banks may be battling severe price drops while battling for the integrity of the banking system.

Errol’s Commodity Wire, Calgary

[TASFarms]

Evergrande rumours of bankruptcy. Bank runs in China. Chinese arresting anyone posting pictures of lines at banks.

[shtferbrains]