[delta7]

Judgement? This news right after US’s credit downgrading two days ago. Make no mistake, it is coming. Thank you Joe.

[Secret Agent Man]

Its not just him. Its been a sh1tshow for decades. Thank the fed allowing banks to create money out of nothing, multiple times, via frsctional reserve lending and not requiring hardly any physical deposits in banks.

[EEGator]

15 years of financial horseshit coming due.
It will be terrible and global.
It will probably take a while, but it’s coming due.

[proxy_user]

PNC just posted excellent earnings, and announced that deposits had increased. State Street is mostly a custody bank, it doesn’t take deposits or make loans.

You have to wonder if Moody’s knows what they are doing.

[Newtoidaho]

any time i see the phrase “backed by the full faith and credit of the federal government” I have to laugh out loud.

[LukeL]

All I know is that I work retail and the average person seems to have at least 6 credit cards. People need to stop buying so much crap that they will end up donating to Goodwill in 5-10 years just to start the whole process over again.

[TLI]

Moody’s predicts a “mild recession” on the horizon for 2024.

As long as that "mild recession" will drop house prices by at least 45%, you know, back to normal.

Till then it is all just lip service.

.

[usconservative]

Moody’s predicts a “mild recession” on the horizon for 2024. They believe the quality of assets will decline with certain banks facing increased risks due to their commercial real estate (CRE) portfolios.

That's the "tell" right there as to why everyone is being corralled back to the office.

Now you all know.

[GOPJ]

Moody’s noted that rising interest rates would “exacerbate” the ongoing banking crisis, and they foresee the Federal Reserve continuing with hikes for longer than anticipated since inflation was never transitory.

Bidenomics in action.... taking the country down.

[ImJustAnotherOkie]

Probably bad auto loans on those overpriced bloatmobiles.