How this miserable October compares to other election years? So far, worst since 1978 and second-worst ever for midterm years.

Sharing is Caring!

“Global Systemically Important Bank Stocks” Down 27% in 10 Months

“We are entering a time when the economy was likely to slow down anyway, but if stocks continue to crash and global banking woes escalate, that is going to spread fear and panic like wildfire.”

The End of Bank Profits for Nothing as Depositors Abandon No-Interest Accounts

For the better part of a decade, banks could count on depositors to provide them with free capital to invest, and the banks could keep 100% of the profits while supplying no interest in return. After several successive Fed rate hikes, consumers are finally able to demand interest once more.

STOCKS SPOOKED!

See also  In the US, for instance, most buyers rely on fixed-rate home loans for as long as 30 years. Adjustable-rate mortgages represented, on average, about 7% of conventional loans in the past five years. By contrast, other nations commonly have loans fixed for as little as a year"

VOLCKER: ‘We’re in hell of mess’…

Foreign Buying of Treasurys Softens…

See also  Mortgage rates soar to over 7% - the highest level in 21 years - as luxury home purchases fall 28% and rest of market tanks 19.5% - as monster Fed rises hit borrowers

New TITANIC to set sail…

NETFLIX New $2B Borrowing Sparks Fears…

Auto dealers see slowing sales…

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.