Schwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks

From bloomberg: https://www.bloomberg.com/news/articles/2023-03-27/schwab-s-7-trillion-empire-built-on-low-rates-is-showing-cracks On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense. The firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature …

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Inflation Creating Cracks in the G7

by Martin Armstrong Phone conversations with sources are revealing that inflation is starting to create cracks in the unity of the G7 against Russia for the summit of G7 nations in Bavaria (June 26-28). Already, the leaders of the US, UK, Germany, France, …

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What cracks first, auto lending or houses?

by Nimble_Centipeder Caption: Eventually, negative cash flow matters. Properties are selling at prices where they need 50% down to break even on PITI. Million dollar houses that can get $3,500/month rents. https://calculatedrisk.substack.com/p/real-house-prices-price-to-rent-ratio-020?s=r Caption: How much is a truck worth when …

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They Want You Focused On tTe Ukraine Border Dispute So You Won’t Notice When Castro Jr Cracks Down On The Truckers And The Fed Hikes Rates

https://twitter.com/JackPosobiec/status/1493284824467099650 Castro Jr is mandating the truckers get vaccinated to protect against Covid but they have all been together for 2 weeks with no mask and there hasn't been a single reported outbreak — Jack Posobiec (@JackPosobiec) February 14, 2022

China Cracks Down on Shadow Banks

(Bloomberg) — China’s crackdown on shadow banking is taking aim at more than $1 trillion of opaque investments sold by banks as low risk and high yield, even while funds were channeled to riskier borrowers such as developers. Banks and …

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Even Fitch starts to see cracks … Wow… Morgan Stanley’s chief equity strategist is telling investors that they need to get out of stocks right now

Fitch Ratings: Global Bank Rating Out-looks More Negative Than In Mid-2018 https://t.co/xdYmpqRT3X — LiveSquawk (@LiveSquawk) January 29, 2019 Positive S&P500 price action despite fewer beats, more misses, UBS says: Proportion of comps beating/missing expectations has turned neg. 44% of reporters …

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Market Cracks…(!)

by Chris Tons going on today. I’ll get to as much as I can over time.  Here’s a quick synopsis: First, the US equity markets had another bad day after several quite valiant rescue attempts.  The Dow finished down -660 …

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Finland cracks down on foreign land ownership

https://yle.fi/uutiset/osasto/news/vote_on_land_ownership_reform_in_november_says_defence_minister/10420214 “Finland’s Defence Ministry is preparing a law reform that it says would safeguard national security with increased regulation of real estate transactions. The draft bill would grant the government the right to intervene in transactions that it thinks could …

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