Breaking Points
Krystal and Saagar discuss new economic information that could indicate an incoming recession.
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AUSTIN LIVE SHOW FEB 3RD
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They're holding back far more cash than that the RRP market is over a trillion lol.
Aren't you all being far too hasty?
The only thing you need to do to avoid a recession is to have Biden say that you're not in one.
Then, despite two-quarters of negative growth, the recession just melts away.
Banks hoard cash? What? I’ve ever thought of this 💁♀️
so cash is king now?
By the Fed’s own benchmark, we’re already in a recession!!
Government spending drives inflation Krystal. It is the end result of all the progressive economic policies you love and cherish.
I fully expect lenders to add to reserves as delinquencies and risk of losses increase.
Bank says worth getting 4.5% in overnight repo than to lend it out. Says enough.
I thought the story used to be they didn’t reserve nearly enough so to me this sounds like they are just tightening up like it should be in first place
It's a little irritating how they both kept mispronouncing Bankster
We already are in a recession.
We’ve been in a recession for a while now. We’re on the way to depression territory.
That’s not how mortgages work! Lots of people are missing opportunities to save money with mortgages. It’s not all about rate.
Establishing an allowance for loan losses does not have anything to do with hoarding cash. Don't report what you don't understand.
BP Team, you should have a series just on Financial Markets & Commodities
Capitalism doing capitalist things. How surprising
I must say I am not enjoying this show as much anymore. Feels like it’s morphing into something closer to mainstream media. Those that are experts on every subject are experts on none
Do they think increase reserves means they are holding back cash, banks means they are increasing their loan loss reserve, which allows them to write off bad loans. They are essentially saying they need a larger reserve, to write off bad loans against. It’s accounting terminology, not an actual pile of cash
Oh no! Krystal may have to switch to boxed wine! The horror!
I thought we’ve been in a recession since last spring?
What are the hosts’s views on economics? Why is it bad that banks are holding more cash?
There is almost no more rate hikes coming .. I'd say like 50 basis points more, maybe. If you look at the M2 graph you can see they have effected it in a good way. If they keep the rates up ( not increase them ) the M2 graph will be at the point where it is suppose to be if Covid did not happen in about 1-1.5 years. This does not mean it will be at the same level as before Covid, just the rise in it would be inline with how things were. The price of Energy will not be going down tho.
I, for one, am really worried about things.
If things get really bad, Jamie Dimon might have to sell off one of his islands … what is this world coming too?
Jamie D has a lot of exposure to over-leveraged CCP investments. ESG is not long for this world. Are these guys "Too Big To Bail" or "Too Big To Fail? Will US Middle-Class people feel generous toward bailing out Wallstreeters AGAIN?
lesous Kyrios.
Thought there were new capital reserve requirements set out