Black Monday

[Biscuit]

all this bank stuff happening making fed job easier cause its tightening conditions more. banks will lend less now going forward further tightening things up.
money supply negative , in all history when goes negative points to recession for sure
curve steepning again from being heavily inverted , in all history this has led to recession
the stock market has never bottomed in all history before recession so further to go down yet

im picking powell go 25 still with changed outlook , cause who knows what will happen with banks going forward could be still more blow - ups as we go into recession

be fascinating what ecb does tonight in there rate dicision , could be volatilty abound again

Yes, but, when in history did governments create so much money over so long a period?

[winner69]

Robertson will be proclaiming later today that ‘the economy is in great shape’

[tipsy]

Robertson will be proclaiming later today that ‘the economy is in great shape’

'Rockstar economy'

[Davexl]

Personally thinking we're all living in cloud cuckoo land at this point, not just the Swiss.

And as for the American oversight of their banking system, allowing a NZ $300bn bank to fall over due to little to no interest rate hedging being in place. And it all goes back to Trump's stupidity, removing the supervision oversight for mid-size US banks.

Confidence is very fragile at this point. And confidence is absolutely key, "whatever the facts of the situation..."

What else is going to break after the stupid Saudi comments in Europe ?
What's the next US midsize bank to fall over due to lack of regulatory supervision?

What's next to lower confidence in the safety of the banking system in the eyes of depositers, even if their deposits are guaranteed to US $250k.
The Fed can't guarantee the lot, can't backstop the lot, if this scales up

Wait and see is not much of a strategy in my book anyway...

Credit Suisse turmoil: Markets tumble as bank fears go global

https://www.nzherald.co.nz/business/...PSMHUFKQHWDZI/

[nztx]

'Rockstar economy'

The only thing missing is the Rock Star

[Nor]

Rocky Horror Show.

[nztx]

Whole market looks like it's continuing to slowly sink into the proverbial muck ..

[nztx]

Amazing .. all triggered over just one unsteady peg in the US banking wall coming loose & falling ..

[SailorRob]

Whole market looks like it's continuing to slowly sink into the proverbial muck ..

Supermarket prices are declining into the muck, slowly sinking, everyone furious their weekly shopping is getting cheaper, customers running out of the supermarket leaving trollies full in isles.

How about;

Whole market future returns are slowly rising out of the proverbial muck, everyone becoming happier about the more rosy future.

[nztx]

Supermarket prices are declining into the muck, slowly sinking, everyone furious their weekly shopping is getting cheaper, customers running out of the supermarket leaving trollies full in isles.

How about;

Whole market future returns are slowly rising out of the proverbial muck, everyone becoming happier about the more rosy future.

what supermarket did you see that at ?

presumably much time spent scraping off the proverbial muck as well ?