All according to plan...
Posted on 04/03/2023 3:40:20 AM PDT by EBH
Now that it's April, we can say a spate of banks collapsed last month, but the repercussions of the crisis continue to unfold as if it all happened yesterday.
The chatter now centers around a looming credit crunch — but the troubling part is that red flags were flying well before we heard a peep from Silicon Valley Bank.
Before March, the number of small- and mid-sized businesses filing for bankruptcy was already on the rise, meaning the bank turmoil only exacerbates an existing trend.
UBS strategists wrote in a note last week that those companies have been facing pressure from rising rates, sticky inflation, and slowing growth.
Already in 2023, the number of private bankruptcies has surpassed the previous peak set in the early stage of the COVID-19 pandemic, my colleague Carla Mozeè writes.
Bankruptcy hot spots right now, according to UBS, include the real estate industry, which has led this year's increase in filings, but the healthcare sector could follow suit as credit stress seeps into the labor market.
The FDIC is facing more than $20 billion in costs as a result of the tumult, and the failures last month have stoked concerns that other vulnerable banks will soon be forced to pull back on lending as they see lower deposit rates and tighter financial conditions.
(Excerpt) Read more at msn.com ...
Sounds like FJB’s ‘conomy is booming like a giant pipe bomb. Way to go Joe!
Oh there’s a lot happening that we Americans are not being informed about. If one is not looking outside American based media, one is clueless as to what is happening...and quickly.
From countries settling in currency other than the petrodollar to outright other currencies. It is not just the United States is going down a rabbit hole...the whole world is
PS. I have friends out in California that have had enough. They are looking to ‘flee the state.’ Good people, repulican/conservative all the way. Excellent small plot farmers/plantars. Others out there are saying while the decline has been there for a while, it is not noticeable in areas that it was not before.
I got to thinking about these boots on the ground report and how California has been a leading economic engine of the nation and world...California is in collapse. And we really should be keeping an eye on that state. So goes California, so goes the rest of the nation.
In Sept. of 2022 it was poised to claim the 4th largest economy in the world...https://www.gov.ca.gov/2022/10/24/icymi-california-poised-to-become-worlds-4th-biggest-economy/
Now people cannot leave it fast enough.
All according to plan...
Land prices in Iowa are extremely high but reportedly banks will lend only 30% of the high price. So you better have 70% from cash or equity.
lots of tax free exchange and inheritance money chasing land.
So goes California, so goes the rest of the nation....
I have heard that expression since the 1970’s.
And I have seen it happening along that timeline.
I know, I considered Iowa and I am from Ohio!
It is getting to a point that I do not think there is anywhere left to be able to go. I am getting on in years and really would just like a functioning small town lifestyle.
Building back better in action
It is because you can’t make cash flow on the land prices.
It is because you can’t make cash flow on the land prices.
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