This compilation of financial-related insights includes videos from Wall Street Silver, ITM Trading, RJ Talks, Steven Van Metre, and The Atlantis Report.
Peter St Onge on Wall Street Silver talks about the Federal Reserve’s $8 trillion trap.
Joel Litman joins Daniela Cambone on ITM Trading to discuss the dumping of the Dollar and if 2024 will hold a mass exodus or adoption.
RJ Talks discusses the Federal Reserve’s $8.5 trillion debt bomb maturing in 2024.
Steven Van Metre says major companies are on the brink of insolvency.
The Atlantis Report shares news of Wells Fargo’s CEO sending a massive warning to Americans.
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Wall Street Silver
Dec 11, 2023
In this video, Peter delves into the Federal Reserve’s massive $8 trillion balance sheet, amassed from purchasing government bonds and mortgage-backed securities. Peter examines the potential impacts of this enormous financial burden on credit, mortgages, and the looming recession. Discover how the Fed’s actions since 2008, and especially during C---D-19, have inflated its balance sheet and the challenges it now faces in managing this colossal sum without further destabilizing the economy or exacerbating inflation.
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ITM TRADING, INC.
Dec 11, 2023
In this episode of The Daniela Cambone Show, our guest Joel Litman shares his bearish outlook for the S&P and provides insights on how to defend your wealth in the current economic climate.
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RJ Talks
Dec 11, 2023
As we approach the next FOMC meeting, the market’s pricing in a Fed pivot, sooner than later. With betting market’s putting the odd’s the Fed cuts rates in early 2024. However when you ask Jerome Powell, he says the opposite, that they aren’t even considering a change in policy anytime soon, not until they are sufficiently convinced inflation is firmly back down to 2%.
Well it turns out the Federal Reserve may have another reason why pivoting on the current monetary policy may not only be possible, but required. We often discuss the wall of corporate and commercial real estate loan maturities coming in 2024, well it turns out the U.S. Government also has a wave of loan maturities scheduled in 2024, $8.5 trillion worth!
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We look at what this means for the possibility of interest rate policy, how it can impact the U.S. economy in 2024, what it could mean for the U.S. housing market, and what happens when these loans mature.
What do you think will happen? How much in renewed interest expense do you think the U.S. will face if the Fed keeps interest rates this high? Well make sure to watch to find out!
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Steven Van Metre
Dec 11, 2023
Major Companies Are on the Brink of Insolvency
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The Atlantis Report
Dec 11, 2023
The CEO of Wells Fargo warns of expenses which range from around 750 million to just under $1 billion, primarily due to severance costs associated with worker layoffs. This unexpected expense is attributed to the focus on efficiency and it indicates a proactive move by the bank to manage its headcount more aggressively.
The warning is delivered in the context of broader changes in the financial landscape, specifically related to the Basel 3 end game. It is a set of international banking regulations that aims to strengthen rules, supervision and risk management within the sector. Banks are preparing for this regulatory change.
It is expected to lead to a wave of failures and a shift in the industry landscape. It proposes changes in calculation of capital, especially banks with assets of $100 billion or more. This includes reflecting gains or losses in portfolios deemed available for sale. It includes a provision allowing the acquisition of distressed institutions. This will lead to increased consolidation in the sector as stronger absorb weaker ones.
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The industry, including major banks like Wells Fargo, is undergoing mass layoffs and restructuring due to factors such as increased fund costs, concerns over loan losses and changes in regulations like Basel 3 which is going to significantly impact jobs. It is a strategic move to streamline operations and adjust to the upcoming shifts in the industry.
The deadline for Basel 3 is set for July 2025, prompting banks to become more aggressive in preparing for this transition. Taking actions such as securing loans and investing in real estate are good options to navigate the upcoming challenges. The significant changes are going to happen in the system by January 2025, indicating an imminent shift in the financial outlook. It is expected to impact various sectors.
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