spatial
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Post by spatial on Mar 20, 2023 17:47:47 GMT 10
Since our market opened, USB and Credit Suisse have both had significant value drops on the ASX, but USB even more so. Given that our market is the first to open I thought it was worth looking at although I wouldn't necessarily base an assessment purely on the ASX. But it can give us some indications of what might happen in other markets as they open and where sentiment is heading. It looks to me like the general vibe is that confidence is already starting to tank. If I were a customer of USB I'd be thinking that they just took on a whole bunch of risk and my (entirely unqualified!) guess is that that's what is going to reflect in the stock Pre market trading was up due to bailouts and buyouts, but now down 1% and looking week. LOL only Russian market has green. tradingeconomics.com/ |
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 23, 2023 6:25:05 GMT 10
It is not over yet, more interest rake hikes and data showing weakness. In Flashing Red Alert For Stocks, For The First Time Since Lehman Five Ominous Events Hit At The Same Timewww.zerohedge.com/markets/flashing-red-alert-stocks-first-time-lehman-five-ominous-events-hit-same-timeShe then points to an "interesting section" of the bank's Cross-Asset Strategy team’s latest dispatch which examines the confluence of five macro developments that, like inversion, are consistent with a strong economy that is starting to slow and leads to a sharp drop in risk assets: - S&P 500 forward earnings are declining relative to three months ago;
- List item The yield curve is inverted (or has been over the last 12 months);
- List item Unemployment is below average;
- List item US Manufacturing PMIs are below 50; and
- List item More than 40% of US banks, on net, are tightening lending standards.
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 24, 2023 21:39:21 GMT 10
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malewithatail
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Location: Northern Rivers NSW
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Post by malewithatail on Mar 25, 2023 7:10:54 GMT 10
It will be far from boring when the banking system finally collapses, along with the economy.
God will see to it, that his flock who has been so diligent to prepare, and aims to share, shall be well protected when that time finally does arrive.
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 25, 2023 12:11:29 GMT 10
It will be far from boring when the banking system finally collapses, along with the economy. Indeed, I was waiting for the next big one to fail... Deutsche Bank, Germanies biggest banks has been unstable for years. Insurance against their debt is hitting very high. Interbank swaps are failing... Deutsche Bank drops, extending global banking tumultwww.afr.com/world/europe/deutsche-bank-shares-plunge-in-renewed-market-turmoil-20230324-p5cv5e"Naeem Aslam, chief investment officer at Zaye Capital Markets, said in a note that at this level, the CDS price for banks like Deutsche was higher than it had been during the 2008 financial crisis."
"Other major European lenders such as Commerzbank, Societe Generale, BNP Paribas and even white knight UBS were caught up in the Friday sell-off, shedding more than 5 per cent. British banks also slumped." |
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malewithatail
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Location: Northern Rivers NSW
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Post by malewithatail on Mar 25, 2023 12:34:54 GMT 10
And all those who are relying on shares and other likewise investments, will be in great trouble. Ive found its useless to try and inform them as they are saying the World has never been in better shape, investments are rising on average and Biden is the best President the USA has ever had.
Poor fools, time will tell who was right. They cant eat shares, or bitcoin.
Don’t worry about being lonely at the top. It can be lonely at the bottom too.
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Post by Stealth on Mar 25, 2023 16:16:48 GMT 10
Oooft. Deutsche Bank taking a hit  |
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 25, 2023 18:27:00 GMT 10
Oooft. Deutsche Bank taking a hit ouchie yip down 22% YTD. And selling emergency bonds... One of Steven Van Metre better vids.. It is a liquidity problem and reaction by Reserve banks is astounding. There are some graphs in there that are very scary... |
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Jul 7, 2024 11:02:41 GMT 10
Jul 7, 2024 11:02:41 GMT 10
