The Lifeboat News

The Lifeboat News
[ The Lifeboat News ]

Scary chart of the year...

Posted by Ken Waldron <iframe src='https://members5.boardhost.com/xxxxx/info/user=Ken+Waldron' width='330' height='300' border=0 style='border:none;'> on October 3, 2023, 5:59 pm

-What happened when the Fed started raising rates.

Why would you keep your money in the bank earning near nothing when you can make 5% + risk free?

So...not only now lacking deposits, but the banks also have a lot of investments in the shape of older poorly yielding treasury bonds that nobody actually wants...which suggests that any banks holding such depreciating now "non-assets" must be bankrupt.

-Perfect storm?

Re: Should be fine...

Posted by Sir Michael Mouse <iframe src='https://members5.boardhost.com/xxxxx/info/user=Sir+Michael+Mouse' width='330' height='300' border=0 style='border:none;'> on October 3, 2023, 10:49 pm, in reply to "Scary chart of the year..."

https://www.zerohedge.com/markets/wework-brink-default-95-million-interest-payments-skipped

It's not like they've got hundreds of billions of dollars worth of grossly overvalued commercial property on their books...

Re: ..everybody relax.

https://www.zerohedge.com/markets/nobody-understands-where-bottom-commercial-real-estate

« Back to index

[ The Lifeboat News ]