| Seven Times Worse than the GFC (But No One Is Taking Notice) |
Monday, 1 July 2024
 | | By Ryan Dinse | | Editor, Crypto Capital and Alpha Tech Trader |
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[4 min read] Dear Reader, When something goes wrong at the circus, they bring in the clowns to distract the audience. Perhaps that’s what last week’s US Presidential debate was all about? It reminded me of an old South Park episode where the election was between a giant douche and a turd sandwich! To have these two clowns trotted out as contenders for president suggests there’s a lot to distract us from. And it’s no wonder my colleague Greg Canavan thinks we’re in for a ‘Decade of Decimation’. While that sounds bad, it also throws up some interesting angles to invest in. If you can see what’s coming first. You can read his thesis and get his entire investment playbook right here. How bad could it get? For starters, there’s this… Seven times worse than the GFC
(but no one is worried yet) Today, US banks are sitting on unrealised losses seven times greater than those during the GFC: These losses have accumulated from holding US Treasuries, the US government's ‘safe, pristine’ debt in a rising interest rate environment. The only thing that stopped the US banking industry from collapsing this past year was a new Federal Reserve facility called ‘The Bank Term Financing Program’ (BTFP). But here’s the thing… Continue Reading... Advertisement: Australia’s DECADE OF DECIMATION
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 | | By Bill Bonner | | Editor, Fat Tail Daily |
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[2 min read] Dear Reader, ‘This is how our republic ends. Not with a debate but with a snivel between two candidates vying to demonstrate how utterly unqualified either is to lead us..’
Comment found on the Internet
We connect the dots. We look for patterns. Sometimes right. Sometimes wrong. Always in doubt.
And always with a jolly demeanour. Which is probably easier to do from abroad than at home. ‘Laugh and know’, said the Roman philosopher Martial. You don’t always know; but you can always laugh.
Continue Reading...
All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment. |
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