Quote from: RE on May 02, 2023, 01:23 AMYes.  Jamie Dimon is spitting out Hopium & Lies as usual.

https://www.cnn.com/videos/world/2023/05/01/exp-first-republic-collapse--fst-050108aseg1--cnni-world.cnn

Is the U.S. witnessing a banking crisis?

Who's Next?

RE

A little perspective: Collectively, the three big banks that have collapsed in 2023 had more inflation-adjusted assets than all 25 banks that collapsed in 2008.  Unfortunately, the banking collapse of 2023 is far from over.  More banks are currently teetering on the brink of disaster.


The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008 Was
http://theeconomiccollapseblog.com/the-banking-collapse-of-2023-is-now-officially-bigger-than-the-banking-collapse-of-2008-was/

QuoteIs the U.S. witnessing a banking crisis?

The question caused me to Jump on Zero Hedge.  The wind is blowing in bad news.  Chartists are in a kerfuffle.  I browsed five articles, and there are two themes.  Banks are in trouble, and if you need a job invest in a squeegee and some 'Windex' (the cheap imitation). 

Find a busy intersection.  Feed some birds.  Wash windows.  It is the only kind of job out there now.



'Labor Market In Freefall As Job Openings Slide, Quits Tumble To 2 Year Low' is one of the articles over there.  Zero Hedge.

Quotepeak oil 2008 was all the rage

Only in our extended coffee klatch has it ever been the rage.

Quote from: FarmGirl on May 03, 2023, 09:25 AMThe Diner started when? 2006-07-08?

I started writing on the econ topics on the peakoil.com website in 2007.  Eventually I joined Jim Quinn writing on TBP in 09, and started a ReverseEngineering Forum on Yahoo.  We launched the Diner in February of 2012.

RE

An answer to the Who's Next question.

https://www.thestreet.com/banking/is-pacwest-the-next-u-s-bank-to-collapse

Is PacWest the Next U.S. Bank to Collapse?

RE

Yup.  Pac West headed down the toilet.  Jamie Dimon as usual is full of shit.

https://www.youtube.com/watch?v=3P_R1g801do

RE

"This not the end.  It is not even the beginning of the end.  But it is the end of the beginning." - Illuminati Scumbag Winston Churchill

https://dailyhodl.com/2023/05/07/us-banking-turmoil-now-bigger-than-2008-financial-crisis-but-real-storm-hasnt-hit-yet-economist-peter-st-onge/

US Banking Turmoil Now Bigger Than 2008 Financial Crisis – But Real Storm Hasn't Hit Yet: Economist Peter St Onge

RE

Shall we play a game?  Let's play Global Thermonuclear Monetary System Collapse. 

https://www.ft.com/content/61e2ddc3-1277-4f4d-9452-339ba3566269

Visualising US bank failures

https://www.youtube.com/watch?v=KXzNo0vR_dU

RE

Contagion.  The C-word that leads to Crisis and Collapse.

https://www.manilatimes.net/2023/05/08/opinion/columns/us-banking-crisis-in-a-new-stage-of-contagion/1890416

US banking crisis in a new stage of contagion

RE

Yes, though it's likely to be an order of magnitude worse.

Here's to hoping JP Morgan goes belly up in this cycle. 🤞🏽  It would be nice to see Jamie Dimon take it in the shorts at least once.  Of course, he'll float down gently with a Golden Parachute, but it's nice in a symbolic way.

https://unherd.com/thepost/is-a-2008-style-credit-crisis-imminent/

Is a 2008-style credit crisis imminent?

RE

Quote from: RE on May 09, 2023, 02:33 AMContagion.  The C-word that leads to Crisis and Collapse.

https://www.manilatimes.net/2023/05/08/opinion/columns/us-banking-crisis-in-a-new-stage-of-contagion/1890416

US banking crisis in a new stage of contagion

RE

True. I expect those with blood pressure issues will be at increased risk.

To whom it may 😕 concern:

Quote from: AGelbert on May 15, 2023, 01:45 PMTrue. I expect those with blood pressure issues will be at increased risk.

The universe never stops coming up with new ways to make my head explode.

Quote from: K-Dog on May 15, 2023, 02:16 PM

Quote from: AGelbert on May 15, 2023, 01:45 PMTrue. I expect those with blood pressure issues will be at increased risk.

The universe never stops coming up with new ways to make my head explode.

You ain't seen nothing yet.

Quote from: FarmGirl on May 15, 2023, 05:01 PMWhat is "white coat hypertension"?

It's when your BP rises whenever somebody wearing a white lab coat comes over to take your BP.  Many people have this reaction and you get diagnosed as having chronic hypertension when you really don't.

RE

The really annoying thing about banking insolvency these days is the alphabet soup of bailout agencies that keep shifting around and restructuring the debt to stave off bankruptcies.  The debt is still there, the bank gets more and more insolvent because the new money comes very expensive, but it delays the inevitable collapse.  So even though the piss poor condition of the banking system has been obvious for months going back to even before the collapse of SVB and Republic and every financial guru from Dr. Doom to Jeremy Grantham and Jim Cramer keeps hooting about an oncoming train wreck, it takes so fucking long to play out it makes you want to tear your hair out by the roots if you are a follower of this kind of nonsense.  Just get it over with already! 

https://www.benzinga.com/news/23/07/33155886/second-wave-of-banking-crisis-incoming-crash-could-be-worse-than-2008-global-financial-crisis-says-e

Second Wave Of Banking Crisis Incoming, Crash Could Be Worse Than 2008 Global Financial Crisis, Says Expert

RE