Banks Upping Loan Loss Provisions

Big numbers …

A number of people are financing themselves by going deliquent on their mortgages


banks have headed to negative interest rates before covid hit. they will be penalizing you for keeping your money safe which will force you to move them into riskier assets which is great for heating up an already ridiculously valued stock market as well as putting a lot of assets and lifetime savings at risk. your choice is to earn negative interest.

yet we have / had the best economy ever???

we’ve seen this before. don’t be fooled by the charlatan bankers and their buddies in DC people.

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true and true.

Going long magic beans and flamethrowers.

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