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  • Bankruptcy blitz highlights the end of the easy-money era

    From axios.com

    When Vice Media filed for bankruptcy this week, it was one of seven large Chapter 11 bankruptcies in a two-day span that started on Sunday. Why it matters: That’s a lot — and more are likely on the way. Vice’s bankruptcy documents tell the story in painstaking detail of what happens when the easy-money era comes to an end. The big picture: That era ended just over a year ago when the Federal Reserve embarked on one of the steepest and fastest rate-hiking campaigns in history — and it takes about that long for the consequences to really start trickling through the market. • One of the most visible effects is ... (full story)

  •  Guest
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Where is the bankruptcy blitz??? Looking at the markets today, it seems that there is no bankruptcy at all!
  •  Guest
  • | IP XX.XXX.168.77
Quoting Guest
Where is the bankruptcy blitz??? Looking at the markets today, it seems that there is no bankruptcy at all!
Bigger banks like JP Morgan and the rest are buying smaller banks. We also have Fed with a special program to help ensure depositor's money in any bank. I don't think this crisis will be about banks..
Quoting Guest
Where is the bankruptcy blitz??? Looking at the markets today, it seems that there is no bankruptcy at all!
The stock market is a pimple on the ass of the Forex market. Always tons of institutional cash on the sidelines ready to buy equities, especially when any perceived good news is on the horizon. (i.e. potential debt ceiling agreement). Of course, anybody with a brain knows the US was never going to default.

Be that as it may, personal bankruptcies are just around the corner. Credit card debt is now at 1 trillion with the delinquency rate nearing historical highs at 7%.
Pride always comes before destruction.... -Proverbs 16:18
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Quoting Expo33
{quote} The stock market is a pimple on the ass of the Forex market. Always tons of institutional cash on the sidelines ready to buy equities, especially when any perceived good news is on the horizon. (i.e. potential debt ceiling agreement). Of course, anybody with a brain knows the US was never going to default. Be that as it may, personal bankruptcies are just around the corner. Credit card debt is now at 1 trillion with the delinquency rate nearing historical highs at 7%.
Hmm.. now, because there is more money running in the system the amount doesn't matter I think. However, do you perhaps know what was delinquency rate in 2008 financial crisis? Thanks!
Quoting Guest
{quote} Hmm.. now, because there is more money running in the system the amount doesn't matter I think. However, do you perhaps know what was delinquency rate in 2008 financial crisis? Thanks!
Here you can find all the information in graphic: https://fred.stlouisfed.org/graph/?i...T100S,DRCCLOBS,
Quoting Expo33
{quote} The stock market is a pimple on the ass of the Forex market. Always tons of institutional cash on the sidelines ready to buy equities, especially when any perceived good news is on the horizon. (i.e. potential debt ceiling agreement). Of course, anybody with a brain knows the US was never going to default. Be that as it may, personal bankruptcies are just around the corner. Credit card debt is now at 1 trillion with the delinquency rate nearing historical highs at 7%.
Great minds think alike. The second halve of this year is going to bring a hell of a catastrophe on all fronts. The negative effect of Biden's spending spree is still to come.
Quoting Bakker
{quote} Great minds think alike. The second halve of this year is going to bring a hell of a catastrophe on all fronts. The negative effect of Biden's spending spree is still to come.
What do you expect for gold and BTC?
Will check my 'crystal ball' and let you know. Just joking, will take a good hard look at the gold chart and maybe there's some indication of the way forward. BTC as well.
Quoting Giucca
{quote} What do you expect for gold and BTC?
The first thing I noticed on the monthly chart is the triple top (see picture).
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDMonthly.png Size: 11 KB
Looking at the line chart, only 2 points of interest, resistance and support as indicated.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDMonthly1.png Size: 11 KB


Downward move is in its early stages, need more time to get to a realistic perspective.
See the chart for a short trade today around 15h00 GMT+2;
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH2.png Size: 8 KB
So I wonder when people will sit up in their chair and stop talking a lot of shit about silly things and start taking things seriously?

Answer - Probably once the blood is oozing out the eyeballs and their children are either dead or, taken away for "re-education". Can't be far away now. It's usually not until something happens and most or all people stop everything they're doing and only focus on that one "big thing happening". Just as they did for 9/11. All the signs are there that the general population is losing more and more control of everything. Yet they still just go on as if 'nothing is wrong or a problem' ..... laaaa-la-laaaa-la-laaaaaa.

Conclusion - Slow death of assumptions. The fact that 'the public' believe they play no part in what's going on is a crime.

Enjoy.
Real Trading is not gambling.
Quoting PeterCaleb
So I wonder when people will sit up in their chair and stop talking a lot of shit about silly things and start taking things seriously? Answer - Probably once the blood is oozing out the eyeballs and their children are either dead or, taken away for "re-education". Can't be far away now. It's usually not until something happens and most or all people stop everything they're doing and only focus on that one "big thing happening". Just as they did for 9/11. All the signs are there that the general population is losing more and...
Well said, thank you
Quoting Bakker
{quote} Well said, thank you
Well of course, it doesn't have to be this way. If you quickly look over this site for instance - whatever the actual number of real people who have a username and access to it, take a look over what they give their attention to. Most of it's just fanciful bullshit to keep them "busy" or preoccupied, so clearly it's not REALLY anything serious. However IF they are indeed a real in the flesh person, then at some point something out in the real world will occur and their attention will be diverted to that new point of reference. I think saying that people are living in "la-la land" is putting it mildly and being VERY nice about it all.

To me, it's more akin to people taking a 'bad acid trip' and never recovering. All peoples need to learn that what affects one part of the world affects the other parts. So it's literally insane to have this attitude of "Oh it's their problem let them deal with it......it doesn't/can't hurt us". I see that "normal people" do not understand this basic dynamic of Life, so they show how immature and insane they are, by expecting someone else to clean up their mess. So pick a topic, it's all the same. Only frickin morons or someone with an agenda will not look at things this way. Because to do this, is to be honest and truthful. I've now had several ridiculous encounters with online idiots who claim to "know stuff" but when it's put to the test. don't even appreciate the basic fabric of their own society. Dickheads who want to have a dick swinging match or claim they are educated in different parts of human society. I give them some basics, then they disregard it and say it's bullshit and I know nothing. PEOPLE know little yet sit idle and seem to be waiting for things to return to "normal" or be "saved" by something or someone. Instead of realizing THEY are the one to save the situation. But first it requires specific information to be seen and understood. People just cannot continue to run and hide from the problem, hoping it'll just go away on its own. Eventually it'll catch up with them.

Too many people these days are more like "plastic people" than actual real human people.

Peter
Real Trading is not gambling.
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  • Posted: May 17, 2023 1:34pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 14  /  Views: 3,870