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| Another Banking Crisis? https://warwickshireonline.com/viewtopic.php?f=66&t=11975 |
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| Author: | Lex [ Fri Mar 17, 2023 8:04 pm ] |
| Post subject: | Another Banking Crisis? |
We've never really got over the last one, and now we're in for another: https://www.bbc.co.uk/news/business-64986520 |
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| Author: | rebbonk [ Fri Mar 17, 2023 8:11 pm ] |
| Post subject: | |
I have rather a lot of money invested in the banking sector, I hope that the BBC is scaremongering. |
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| Author: | Lex [ Sat Mar 18, 2023 5:13 pm ] |
| Post subject: | |
Same here, but the markets seem to be very jittery. |
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| Author: | Mister H [ Sun Mar 19, 2023 5:22 pm ] |
| Post subject: | |
Interesting thread, Gents. I think its called contagion when one bank begins to affect another. We might recall 2008 when for the first time since the 1840's , people were queueing outside banks for their money. Strangely enough, the UK was not that badly affected by the 1929 US Banking collapse. But I think its a different kettle of fish now, when all the banks are interlinked, and the FED continually keeps printing out more money to pay for US wars abroad, and then tells the people to pay for the interest on the debt. |
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| Author: | Lex [ Fri Mar 24, 2023 8:29 pm ] |
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Looks like this could still go either way. There still seems to be a lot of uncertainty about. |
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| Author: | rebbonk [ Sat Mar 25, 2023 8:04 am ] |
| Post subject: | |
I'm down (on paper) with my investments ytd. I was caught unawares by SVB and of course once that broke selling my investments would result in heavy losses. I'm going to have to sit this one out and hope things improve. |
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| Author: | Lex [ Sat Mar 25, 2023 5:00 pm ] |
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I was half tempted to buy some bank shares while their price was down, but it could be a while before I'd make any money,so haven't bothered. |
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| Author: | rebbonk [ Sun Mar 26, 2023 12:21 pm ] |
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A few years ago I was tempted by Lloyds shares. £5 I paid, today they are worth less than 50p. Not a happy bunny! |
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