Why Banks Are Getting Worried...

"these quote underwater assets have not gotten better from many other banks in fact they've gotten worse and most people are ignoring this"

"between Silicon Valley Bank collapsing and today interest rates have gone higher and higher because of the Federal Reserve bank and so naturally that means that bond prices have fallen further"

"Banks own a near record amount of bonds on their balance sheets"

"Banks are holding on to a lot of these bonds that are now underwater"

"if banks are not making enough money to continue servicing their costs that could push more and more Banks into this credit crisis"

"if you continue to see cash outflows if you continue to see lower revenues if you continue to see higher expenses especially with these higher debt costs eventually that's going to lead to more breaking points"

"we have a lot of different changes is coming into 2024 number one is we have the changes with student loans number two is we have the impacts of the higher interest rates number three is we still have high inflation number four you're seeing a slowing job market and number five we have a lot of debt that's going to start readjusting in 2024 and 2025 for corporations and Commercial landlords"

"Well Fargo just put out a warning saying that they believe a recession is coming to the housing market because of the higher mortgage rates"

"Bank of America also in October put out a statement saying that they believe there's going to be more turbulence coming to the housing market"