Banking failure

[TOM4CWB]

It is amazing that new vehicles and equipment is selling so well… and manufacturers have never made more profits… good used equipment is available… to anyone who cares enough to take the time to find needed equipment.

It is like the vast majority of humanity is brain washed/dead.

Cheers

[binthere]

The disdain for e.v. is priceless

[wheatking16]

US Financial Sector is in Bearish territory.

[errolanderson]

Bank of Canada is deer in-the-headlights right now.

Banging the rate hike talk while Canada’s recession deepens. BOC will likely pause rate hikes again. But may be forced to make an emergency rate cut soon as the debt crisis implodes.

Inflation is the least of their worries . . . .

[Old Cowzilla]

It is amazing that new vehicles and equipment is selling so well… and manufacturers have never made more profits… good used equipment is available… to anyone who cares enough to take the time to find needed equipment.

It is like the vast majority of humanity is brain washed/dead.

Cheers

Two of my neighbors pulling new 40ft degelman vt's this week. What's that about 9 super b's of canola maybe ?

[AlbertaFarmer5]

I'm trying to remember how governments and central banks responded the last time the banks were in trouble, and banks were failing.
But maybe its different this time, and they will sit idly by and let them all fail, let the economy collapse.

[biglentil]

I'm trying to remember how governments and central banks responded the last time the banks were in trouble, and banks were failing.
But maybe its different this time, and they will sit idly by and let them all fail, let the economy collapse.

The flavour of what they call it changes last time it was a bailout of $800B which ultimately lands on the taxpayer, this time I expect a bailin. Likely a 20%-30% haircut off of all account balances.

[AlbertaFarmer5]

The flavour of what they call it changes last time it was a bailout of $800B which ultimately lands on the taxpayer, this time I expect a bailin. Likely a 20%-30% haircut off of all account balances.

Definitely a high probability. The legislation is all in place to make it happen too. One of the things in the back of my mind which contributes to my preference of keeping money in a grain bin instead of the bank.

[sumdumguy]

It’s time to move our money outta Canada. There’s no hope for this country with Trudeau at helm.

[Taiga]

BC NDP govt has been caught buying street drugs on the black market for handing out to street addicts (compassionate to do so apparently?). What a messed up concept.
Meanwhile, 90% of household income goes to housing in Vancouver, insane.