This does not sound good. If Da Fed actually ADMITS to $513B in losses, you gotta figure the real amount is over $1T. A liquidity crunch is definitely coming on the heels of the CREproblems with delinquent loans. A couple of really big REITs have already started limiting redemptions, so the pressure is on.
It's always annoying waiting for these things to actually blow up. You know it's coming, but they keep shuffling around the debt, compartmentalizing losses into "Bad Banks" and changing reserve requirements until its finally perceived that it's all just air and somebody flinches trying to get out first.
Jamie Dimon has been making dire predictions, so I wouldn't be surprised if JP Morgan tries to sneak out and leave BOA and Wells twisting in the wind. They're all unethical scum, but he's slimier than most . lol.
https://watcher.guru/news/brics-517-billion-in-unrealized-losses-hits-us-banking-system
BRICS: $517 Billion in Unrealized Losses Hits US Banking System
RE
BRICS: $517 Billion in Unrealized Losses Hits US Banking System
Started by RE Jun 06, 2024, 06:10 PM
Message path : / Society / The American economy / Recession Roundup #3
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