Alot of the office reits have been in a downtrend for a while so it may be to late . I think the homebuilders will eventually be easy money but right now they are posting positive earnings and are trending up .
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- Thread starter Warstud
- Start date
You beat me by 1 minute .
I think more zombie banks will be having problems in the near future.
More lawsuits like this will be filed:
https://www.newsweek.com/florida-police-pension-sues-first-republic-bank-1796628
More lawsuits like this will be filed:
https://www.newsweek.com/florida-police-pension-sues-first-republic-bank-1796628
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JHZR2
Staff member
But that implies that someone wants it and will be a bag holder.
Correct.
I traded some inverse and leveraged bond ETFs last year and made some money.
These are pure junk and I only held for a short time, similar to GLD and SLV.
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clowns that be impacting the GDP
https://www.wsj.com/articles/us-gdp-economic-growth-first-quarter-2023-2ff4348c
https://www.wsj.com/articles/us-gdp-economic-growth-first-quarter-2023-2ff4348c
First Republic Bank sold to JP Morgan
https://finance.yahoo.com/news/us-r...bank-failure-since-2008-crisis-094604500.html
https://finance.yahoo.com/news/us-r...bank-failure-since-2008-crisis-094604500.html
This is an interesting story because when the offers were first put out nobody wanted this pig. The eleven banks that pitched in together to pump $30 billion into FRC to prop it up did not do that for their own benefit.
Now suddenly JPM Chase agrees to take it over. A sweetheart deal or a deal they couldn’t refuse was made. I have heard that Chase has to pay back the other banks their part of that $30 billion.
Seems like JPMC got a pretty good deal:
The deal has JPMorgan assuming $173 billion in loans, $30 billion in securities, and $92 billion in deposits. The bank will also pay the Federal Deposit Insurance Corporation (FDIC) $10.6 billion.
JPMorgan was one of 11 banks that injected $30 billion into First Republic last month to help keep it afloat. The agreement with the FDIC will have JPMorgan repay the 10 other institutions the $25 billion they invested, and it will eliminate its own $5 billion deposit on consolidation.
For its part, the FDIC will provide JPMorgan protection against potential losses from First Republic loans, covering 80% of single-family residential mortgage losses for seven years, and 80% of commercial loan losses for five years.
An article dated 7 December 2021 announced that on November 29th, First Republic Bank became the first large US Bank to announce a commitment to ending all lending to fossil fuel companies. Googling that subject revealed multiple sources confirming the Bank policy.
Being siezed by the Fed and becoming the second largest bank failure in US history couldn't happen to a more deserving bunch of __________. (Fill in the blank with your imagination)
Being siezed by the Fed and becoming the second largest bank failure in US history couldn't happen to a more deserving bunch of __________. (Fill in the blank with your imagination)
I suspect a lot more than they are letting on. This is not the time to have over the FDIC limits in any account.
Yes, I would be more concerned for the market if they surprise and dont hike rates. Market might take it as a warning sign that things arent as good as expected.
I think the expectation is .25 and a hopeful statement that they feel this is sufficient for the rest of the year or foreseeable future.
I think as long as the above takes place the unemployment rate will be the next most important indicator to watch.
REALLY need more people to be thrown out of work and get the rate up there a little more. I suspect that is going to happen and starting to take place but who knows.
I live in a bubble I think here on the Carolina Coast, freaking homes going up as fast as they can build them and not fast enough. My new community that we just moved to last month, is selling as fast as they release the home and lot for sale.
Those homes now, contract to close is getting close to 12 months out. Cant even buy the home we just bought with the options that were included at the price we paid. Up about 10% in months and they are removing some of the upgrades that were previously included.
It's fact, people fleeing the Northeast and have been for years now but seems to have accelerated.
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