Banking failure

[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]

[errolanderson]

Just in . . . Scotiabank cutting 3% of global workforce. Lenders battling asset deflation.

[wheatking16]

I forget where I heard it: Twitter, maybe Errol, maybe both.

Some lenders are exiting car loans with the rising defaults.

US Regional Banks look horrible

[wheatking16]

Canadian Banks look horrible, below the 200- week Moving Average.

How large of a dividend do you require to counter share price destruction?









TD is hanging in there.

[biglentil]

Before even the 1st rate hike I stated the plan was to bankrupt the many. Since then we have seen the fastest rate hikes in history, stubborn price inflation and snowballing taxes. The surest way to communism....

[errolanderson]

This is just the ‘warm-up act’ for the out-of-control debt crisis fueled by central bank rate hikes.

Deflation is snake venom to the banking industry.

This may be an asset / equity crash for-the-ages. Bankers may have the luxury of the taxpayer cleaning-up the financial carnage . . . .