Systemic Banking Crisis Candidates, 2023
• South Korea
• Canada
• Sweden
• France
• Japan
• Switzerland
• Hong Kong
• New Zealand
• Israel
Emil
7,263 posts
Emil
@EmilKalinowski
Helping you understand how the 2007 malfunction of the monetary system - and its continuing disorder - affects finance, economy, politics and society.
- "UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote on the transaction as they rush to finalise a deal before Monday." Best part is: "change the country's laws"
- There is a new world order developing and the number one asset class to own in that new world order is now gold. —#RussellNapier, October 2022
- You are living through the worst economy of the past 150 years. Of 29 countries with real GDP/capita data covering the Long Depression (1873-96), Great Depression (1929-47) and today's Silent Depression (2007-2?) only 5 are unambiguously better off.
- Replying to @EmilKalinowskiSouth Korea, incredibly, has triggered each of the Bank for International Settlements' early warning indicators of systemic banking crisis. • Residential Property Prices • Foreign-Money Inflows • Domestic Lending • Total Private-Sector Debt Service • Household Debt Service
- Some personal news, I tried to off myself this morning… by running a half-marathon (1:57:22) followed by a 3km ocean race (47:18). Instead of having me committed they gave me a plaque! Lastly, I ran into @RaoulGMI along the beach (no speedo). #TheCaymanExperience #PiratesWeek
- This man accosted me at the @Hedgeye Live concert—if you know who he is please tell me so I can notify security.
- Replying to @EmilKalinowskiCanada has tripped 4 BIS EWIs, including Residential Property. Three times before Canada crossed the RP threshold: crisis, recession, but the third time was overwhelmed by the pandemic. Also: • Foreign-Money Inflows • Total Private-Sector Debt Service • Household Debt Service
- The #FederalReserve's Reverse Repo Program has exploded to $0.5 trillion. Why? The mainstream, orthodox narrative is that 'this is fine'; a response to 'too many bank reserves'. What does it really mean? Collateral scarcity. Systemic fragility. A warning. #RRP
00:00 - “Podcasts are becoming influential sources of misinformation.” Agreed! What’s needed is a government funded, apolitical organization of technocrats that’ll evaluate news and determine what’s safe for the public to learn. We’ll call it the National Ministry of Public Truth.More than 1,000 scientists and health professionals are calling on Spotify to crack down on COVID falsehoods being spread on Joe Rogan's podcast. The pressure highlights a trend: Podcasts are becoming influential sources of misinformation. n.pr/33By40h
- Russia exported 819K barrels/day to India in May, up from 277,000 in April, making 🇷🇺 the second-largest energy supplier for 🇮🇳. The increase is associated with record discounts on 🇷🇺 energy to increase demand and help offset the losses from Western markets. —@GPFutures
- Happy to see @coloradotravis and @MetreSteven intend to produce documentaries, educational films and self-help videos about monetary policy.
00:00 - Japanese machine tool orders, a leading indicator for the world economy, contracted in February (4th of 5 and 11th of last 16 months). Graph 1: the pandemic/lockdown recovery was not impressive compared to previous crisis rebounds. Graph 2: JPN's MTO have not grown since 1990.
- I guess instead of writing about it and talking about it on YouTube I should have gone on TikTok— That’s ok, I’m just pleased to know this depression will be remembered as I named it (maybe I can get a coupon for a free cup at the soup kitchen).Is the U.S. in a ‘silent depression’? TikTok creators say yes, but economists disagree. marketwatch.com/story/is-the-u…
