This hysteria surrounding the big 'profits' of these banks shows the simple truth that economics is a pseudoscience and, along with the media, is mainly used to brainwash stupid investors, in such a way that their money is most easily stolen. Did you read carefully what explanation I gave to the table below with these numbers? "The money has been drained from it, by purposefully investing in high-risk and non-returnable ventures." When you gave $1000 to a poor man who can't pay you that money back, even at 0% interest, he's unlikely to pay you back if you make that interest 10%. The biggest bankruptcies in the World history just started. In the coming months, the largest companies will begin to break up into parts, with the idea of keeping only their most profitable parts, while the parent companies themselves will declare bankruptcy. In this way, they will eliminate their debts to the banks and investors. Medium and small companies will simply disappear completely, replaced as such by the newly born offshoots of monopoly companies. JPMorgan, Citi and Wells Fargo they will be just a memory very soon.. Their bogus 'profits' now only say that their customers will soon be unable to repay their loans. And when a bank's customers cannot pay their debts to it, that bank ceases to exist shortly thereafter.
And who cares about bankruptcy? Only members from eliteinvestor.com will be worried. Traders from elitetrader.com will be pleased with the trading opportunities. For goodness sake, go to eliteinvestor.com, and tell them the world is coming to an end. Stop going around the whole world and looking for problems. Go around the whole world and look for trading opportunities. ALL the threads you created are about negative things : https://www.elitetrader.com/et/posts/5779064/ https://www.elitetrader.com/et/posts/5758151/ https://www.elitetrader.com/et/thre...raw-your-money-from-the-us-banks-asap.373143/ You are simply a very negative person who cannot look out for trading opportunities. Anyway, what snake oil are you trying to sell?
Here is a different perspective. Old saying: Ill wind that blows no one any good, it's an Dictionary.com https://www.dictionary.com › browse › ill-wind-that-b... A loss or misfortune usually benefits someone. For example, They lost everything when that old shed burned down, but they got rid of a lot of junk as ....
Might we be at a juncture similar to the summer of 2007? When Bear Stearns imploded and then deeper cracks began to emerge?
Current reading is lower than at any point in 2008-09 period. Shouldn't something serious have happened by now?
I am wondering at how you arrived at this conclusion? : "Their bogus 'profits' now only say that their customers will soon be unable to repay their loans."
The paradigm of office space and retail space has totally changed since those days. The graph is at 2008 levels but I think it will go a lot lower to reflect the permanent changes in commercial RE.
I use to make loans (first deeds of trust) for commercial/industrial buildings. I would have a good loan to asset value and the property must be a going concern. Also a fair to good location. I may look into a 3-5 year loan (amortized or 20 to 30 years...Balloon in 5). One of my favorite loans was a used car lot. Just a small 500 sq ft building that could burn down. The only problem was the owner never paid his insurance!! I was an "also insured"...I paid the insurance and he had to reimburse me. A real headache...