The markets have had a massive rally from the 3/24 lows and now
it is lolling people to sleep to think everything is back to normal
and fine now. That is not the case - early data recently
published suggests the Banking and Finance sector may continue to
get crushed under a massive weight of real losses and exposure to
risk in the Derivatives Markets. As with the 2008-09 Credit
Crisis, Derivatives losses extended compound risk factors by 10x to
20x or more for in some instances. There is a strong belief
that the banking and finance sector may be setting up for a massive
implosion if global derivatives implode as leveraged accounts
collapse.
Posted by highroller on 17th of Apr 2020 at 11:33 am
Exactly. Vancouver city hall talking of bankruptcy as the
people are hoarding their cash and not paying taxes. Add the
commercial properties that will fail. More potholes to say the
least..
Posted by kevindeng0727 on 17th of Apr 2020 at 11:46 am
How is the situation in BC? I heard they have the best control
of the virus in Canada so should be a good example of reopening the
economy going forward.
Posted by highroller on 17th of Apr 2020 at 11:57 am
It is pretty good. Interior hospitals quiet. Usually the flu
moves from west to east but this time not as with the eastern usa
outbreak. Home depot open, lots of traffic, people moving getting
the 'honey do' list done . The provincial gov't has had a property
tax deferral program for years now that if your income is low you
can not pay until you sell your house, this event will make the
potholes even bigger.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The markets have had a
Posted by ssaffer on 17th of Apr 2020 at 11:28 am
The markets have had a massive rally from the 3/24 lows and now it is lolling people to sleep to think everything is back to normal and fine now. That is not the case - early data recently published suggests the Banking and Finance sector may continue to get crushed under a massive weight of real losses and exposure to risk in the Derivatives Markets. As with the 2008-09 Credit Crisis, Derivatives losses extended compound risk factors by 10x to 20x or more for in some instances. There is a strong belief that the banking and finance sector may be setting up for a massive implosion if global derivatives implode as leveraged accounts collapse.
Exactly. Vancouver city hall talking
Posted by highroller on 17th of Apr 2020 at 11:33 am
Exactly. Vancouver city hall talking of bankruptcy as the people are hoarding their cash and not paying taxes. Add the commercial properties that will fail. More potholes to say the least..
How is the situation in
Posted by kevindeng0727 on 17th of Apr 2020 at 11:46 am
How is the situation in BC? I heard they have the best control of the virus in Canada so should be a good example of reopening the economy going forward.
It is pretty good. Interior
Posted by highroller on 17th of Apr 2020 at 11:57 am
It is pretty good. Interior hospitals quiet. Usually the flu moves from west to east but this time not as with the eastern usa outbreak. Home depot open, lots of traffic, people moving getting the 'honey do' list done . The provincial gov't has had a property tax deferral program for years now that if your income is low you can not pay until you sell your house, this event will make the potholes even bigger.