We've never really got over the last one, and now we're in for another: https://www.bbc.co.uk/news/business-64986520
Another Banking Crisis?
We've never really got over the last one, and now we're in for another: https://www.bbc.co.uk/news/business-64986520
I have rather a lot of money invested in the banking sector, I hope that the BBC is scaremongering.
Of course it'll fit, you just need a bigger hammer.
Same here, but the markets seem to be very jittery.
Interesting thread, Gents.
I think its called contagion when one bank begins to affect another.
We might recall 2008 when for the first time since the 1840's , people were queueing outside banks for their money.
Strangely enough, the UK was not that badly affected by the 1929 US Banking collapse.
But I think its a different kettle of fish now, when all the banks are interlinked, and the FED continually keeps printing out more money to pay for US wars abroad, and then tells the people to pay for the interest on the debt.
Looks like this could still go either way. There still seems to be a lot of uncertainty about.
I'm down (on paper) with my investments ytd. I was caught unawares by SVB and of course once that broke selling my investments would result in heavy losses. I'm going to have to sit this one out and hope things improve.
Of course it'll fit, you just need a bigger hammer.
I was half tempted to buy some bank shares while their price was down, but it could be a while before I'd make any money,so haven't bothered.
A few years ago I was tempted by Lloyds shares. £5 I paid, today they are worth less than 50p. Not a happy bunny!
Of course it'll fit, you just need a bigger hammer.
Posting Permissions
Reply With Quote
Bookmarks