Replying to Avatar Bitman

This is a disturbing echo of 2007-2008, but on a far more dangerous scale.

The chart exposes a terrifying reality: the unrealized losses now haunting FDIC-insured institutions are surpassing those seen during the 2008 crisis.

The data lays bare the gravity of the situation, serving as a dire warning of the storm brewing in the financial sector.
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Bertha 1y ago

I judge the state of the economy by cars. In 2007 I made a mental note of how many nice cars parked in the drives around areas that you wouldn’t expect them. Just a few days ago i saw a VERY nice Land Rover parked on the street with a for sale sign. It’s a dumb theory but cars are the canary in the coal mine for me.

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Deleted Account 1y ago

It’s a good metric. I remember in August every year the high way filled with the latest models.

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Bertha 1y ago

Yup I live in a decent area and there may be totally legitimate reasons for advertising your top of the line vehicle on a the side of the street but dunno feels strange.