Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Blip news update:
[FONT="]PacWest Bancorp -30%[/FONT]
[FONT="]Western Alliance -25%[/FONT]
[FONT="]Metropolitan Bank -21%[/FONT]
[FONT="]HomeStreet Bank -15%[/FONT]
[FONT="]Zions Bank -10%[/FONT]
[FONT="]KeyCorp -7%[/FONT]
[FONT="]HarborOne -6%[/FONT]
Citizens Financial -5%
These bank problems, as with so much else, are long planned and part of a deliberate take down of the global economy. Unlike the clot shot, which many resisted, it will be difficult to swerve fallout from the impending financial and economic collapse.
Our Cyril, who's effectively Munchkin-in-Chief to his disciples around here, mistakenly believes he will earn a bigger plate of cockroaches or locusts in a post-Great Reset world.
His followers are probably unaware of what we are on the cusp of. But it matters little whether they are or not because just like their spiritual leader obedient passivity is their only mode.
When those crowns are placed on bonces inside Westminster Abbey this weekend then stage two of this takeover will begin in earnest. By careful design, the next two years will be absolute hell and most who survive it will beg for, rather than resist, what will be presented as a solution to the chaos and misery they have endured.
Re: Are bank runs and financial contagion incoming?
If the financial system is unravelling, it seems to be happening at a far slower pace than previous collapses.
Isn't it more likely that given the current pressures on the global economy that some banks are likely to feel the squeeze
Re: Are bank runs and financial contagion incoming?
U.S. Federal Reserve hikes interest rates by 0.25%
Western Alliance + Pacific West shares plunge getting absolutely hammered after hours of trading , down 30% and 53% respectively
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
If the financial system is unravelling, it seems to be happening at a far slower pace than previous collapses.
Isn't it more likely that given the current pressures on the global economy that some banks are likely to feel the squeeze
Two options, it's either an isolated incident, or part of a long-term plan. You decide, but time will be the ultimate arbitrator of truth.
Re: Are bank runs and financial contagion incoming?
Cyril, our very own Mr Blippy, will be along shortly to reassure us, and himself, that this is... wait for it... a blip.
The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008
- Yes, you read the headline correctly.
Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.
2008 saw the peak in terms of asset-size for bank failures ($373.6 billion with 'only' 25 failures), while 2010 saw the peak in number of banks failing (157 vs 25 in 2008).
So far in 2023, 3 banks have failed with combined assets of $548.5 billion.
Even including the $170.9 billion in assets from failed banks in 2009, 2023 is still worse than the two 'great financial crisis' years combined.
Unfortunately, the banking collapse of 2023 is far from over.
We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. -
More: https://www.zerohedge.com/markets/ba...-collapse-2008
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
Cyril, our very own Mr Blippy, will be along shortly to reassure us, and himself, that this is... wait for it... a blip.
The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008
- Yes, you read the headline correctly.
Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.
2008 saw the peak in terms of asset-size for bank failures ($373.6 billion with 'only' 25 failures), while 2010 saw the peak in number of banks failing (157 vs 25 in 2008).
So far in 2023, 3 banks have failed with combined assets of $548.5 billion.
Even including the $170.9 billion in assets from failed banks in 2009, 2023 is still worse than the two 'great financial crisis' years combined.
Unfortunately, the banking collapse of 2023 is far from over.
We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. -
More:
https://www.zerohedge.com/markets/ba...-collapse-2008
that's a strange way to measure the impact of the current events Vs the financial crisis in 2008.
the banks that have failed were bought up by other banks right? that now own those assets.
in terms of total value wiped off the global economy I bet it isn't anywhere close to 2008
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
that's a strange way to measure the impact of the current events Vs the financial crisis in 2008.
the banks that have failed were bought up by other banks right? that now own those assets.
in terms of total value wiped off the global economy I bet it isn't anywhere close to 2008
Not strange at all because the current crisis could be a consolidation of the banking sector orchestrated by the big banks and the government. If that were the case 2008 would be irrelevant.
Re: Are bank runs and financial contagion incoming?
European Central Bank hikes interest rates by 0.25%
seems like they are all in lock step with each other
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
MOZZER2
European Central Bank hikes interest rates by 0.25%
seems like they are all in lock step with each other
CBDC anyone?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
CBDC anyone?
hearing WEF are trying to drive this earlier than planned . the graph below shows the state of play since 2008 regarding US banks
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The US banking system is a gigantic house of cards. We are seeing the inevitable collapse of many banks. Just look at their levels of losses from bonds and debt securities - a much worse situation right now than the financial crisis of 2008-2009. <a href="https://twitter.com/hashtag/BankingCrisis?src=hash&ref_src=twsrc%5Etfw">#B ankingCrisis</a> <a href="https://t.co/pqvEMyfENo">pic.twitter.com/pqvEMyfENo</a></p>— James Melville (@JamesMelville) <a href="https://twitter.com/JamesMelville/status/1654003675663138817?ref_src=twsrc%5Etfw">May 4, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
MOZZER2
hearing WEF are trying to drive this earlier than planned . the graph below shows the state of play since 2008 regarding US banks
The US banking system is a gigantic house of cards. We are seeing the inevitable collapse of many banks. Just look at their levels of losses from bonds and debt securities - a much worse situation right now than the financial crisis of 2008-2009.
#BankingCrisis pic.twitter.com/pqvEMyfENo
— James Melville (@JamesMelville)
May 4, 2023<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Wow, they look seriously troubled by those pesky hi-tech stocks!
Re: Are bank runs and financial contagion incoming?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
It's been deleted, give us the coffee machine spiel.
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
It's been deleted, give us the coffee machine spiel.
the what?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
the what?
Summarise the post that was deleted!
Re: Are bank runs and financial contagion incoming?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
So they are saying it's going to be worse than 2008?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
So they are saying it's going to be worse than 2008?
Are they?
I didn't think they were drawing any conclusions, I just thought it was an interesting visualisation
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
Are they?
I didn't think they were drawing any conclusions, I just thought it was an interesting visualisation
It's the what comes after that's the worrying bit .. problem, reaction, solution.
1 Attachment(s)
Re: Are bank runs and financial contagion incoming?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Rjk
Yep, it's a massive bubble that's going to be popped one of these days, and most people will be none the wiser. So now you know why the interest rates keep on going up, because nobody want's to take the blame for this giant Ponzi scheme. CBDC incoming?
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Yep, it's a massive bubble that's going to be popped one of these days, and most people will be none the wiser. So now you know why the interest rates keep on going up, because nobody want's to take the blame for this giant Ponzi scheme. CBDC incoming?
The US faces financial and economic 'catastrophe' if Congress does not raise the debt limit, according to Treasury Secretary Yellen.
Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
MOZZER2
The US faces financial and economic 'catastrophe' if Congress does not raise the debt limit, according to Treasury Secretary Yellen.
At least they will have someone else to blame.
