A report from Realtor.com. "The real estate game is at a stalemate that shows no…
This Post Has 8 Comments
From the one hour 9 minute video:
Silicon Valley Bank Explosion – BOC Pause – Mortgage Nightmares – The Canadian Real Estate Show
Mar 12, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market. Today we are lucky to have Vince Gaetano back on the show!
The sudden bankruptcy of Silicon Valley Bank (SVB), Friday, is sparking concerns in Korea of weakened investor confidence that could force foreign investors to scramble for safer assets and lead to a capital exodus from the Korean market.
Financial authorities said, Sunday, they are closely monitoring the effects of the U.S. lender’s debacle, which could significantly increase market uncertainties.
“The possibility should not be ruled out that the closure of SVB due to a liquidity crunch can expand market volatility in Seoul,” Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said during a meeting attended by senior economic policymakers.
“The government and relevant organizations will monitor the market around the clock, and if needed, take countermeasures promptly, so that any adverse effects (from overseas) do not spread to our economy,” Choo added.
Analysts said Sunday that although it is unlikely that the bankruptcy could turn into a full-fledged financial crisis, Korea’s financial market can be adversely affected by the unraveling of SVB, noting that Asia’s fourth-largest economy is still classified as an emerging market that tends to remain vulnerable to global economic risks.
“Global investors, in search of safe haven assets, are likely to show a greater demand for U.S. dollars in response of the SVB crisis, and that they may sell off their financial assets here,” said Joo Won, deputy director of Hyundai Research Institute. “Under the circumstances, it is foreseeable that Korean won’s value against the U.S. dollar may weaken further.”
The possibility should not be ruled out that the closure of SVB due to a liquidity crunch can expand market volatility in Seoul
Because they are all playing the same money games. Does anyone still believe that making actual stuff that people need and use is what creates wealth?
PORTLAND, Ore. โ On a sidewalk littered with tarps, bicycles and discarded food containers, one tent sat farther away from the rest. It was clean, with the rain fly removed, showcasing the vacant interior.
“This is an empty tent erected by activists to encourage people to live in tents,” Kevin Dahlgren said.
The goal is to destroy their community, then move onto the next one and repeat.
Was chatting with a friend from Houston this weekend. He was wondering if there are any metro areas left that aren’t fubared. He said that in Texas the homeless flock to Austin because the bennies are better there, but that Houston still has a problem.
First Republic โ which has more than 80 branches across the US โ said in its latest 10-K filing that it held $176.4 billion in deposits at the end of 2022 of which 68%, or $119.5 billion, was uninsured.
First Republic Bank’s shares fell 15% on Friday to $81.76 apiece. They slumped 65% in pre-market trade on Monday at 4.48 a.m. ET. The bank’s stock is down 33% so far this year.
From the one hour 9 minute video:
Silicon Valley Bank Explosion – BOC Pause – Mortgage Nightmares – The Canadian Real Estate Show
Mar 12, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market. Today we are lucky to have Vince Gaetano back on the show!
The sudden bankruptcy of Silicon Valley Bank (SVB), Friday, is sparking concerns in Korea of weakened investor confidence that could force foreign investors to scramble for safer assets and lead to a capital exodus from the Korean market.
Financial authorities said, Sunday, they are closely monitoring the effects of the U.S. lender’s debacle, which could significantly increase market uncertainties.
“The possibility should not be ruled out that the closure of SVB due to a liquidity crunch can expand market volatility in Seoul,” Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said during a meeting attended by senior economic policymakers.
“The government and relevant organizations will monitor the market around the clock, and if needed, take countermeasures promptly, so that any adverse effects (from overseas) do not spread to our economy,” Choo added.
Analysts said Sunday that although it is unlikely that the bankruptcy could turn into a full-fledged financial crisis, Korea’s financial market can be adversely affected by the unraveling of SVB, noting that Asia’s fourth-largest economy is still classified as an emerging market that tends to remain vulnerable to global economic risks.
“Global investors, in search of safe haven assets, are likely to show a greater demand for U.S. dollars in response of the SVB crisis, and that they may sell off their financial assets here,” said Joo Won, deputy director of Hyundai Research Institute. “Under the circumstances, it is foreseeable that Korean won’s value against the U.S. dollar may weaken further.”
https://koreatimes.co.kr/www/nation/2023/03/488_346967.html
The possibility should not be ruled out that the closure of SVB due to a liquidity crunch can expand market volatility in Seoul
Because they are all playing the same money games. Does anyone still believe that making actual stuff that people need and use is what creates wealth?
PORTLAND, Ore. โ On a sidewalk littered with tarps, bicycles and discarded food containers, one tent sat farther away from the rest. It was clean, with the rain fly removed, showcasing the vacant interior.
“This is an empty tent erected by activists to encourage people to live in tents,” Kevin Dahlgren said.
https://www.foxnews.com/us/activists-plant-empty-tents-encourage-homelessness-portland-drug-counselor-says
The goal is to destroy their community, then move onto the next one and repeat.
Was chatting with a friend from Houston this weekend. He was wondering if there are any metro areas left that aren’t fubared. He said that in Texas the homeless flock to Austin because the bennies are better there, but that Houston still has a problem.
First Republic โ which has more than 80 branches across the US โ said in its latest 10-K filing that it held $176.4 billion in deposits at the end of 2022 of which 68%, or $119.5 billion, was uninsured.
First Republic Bank’s shares fell 15% on Friday to $81.76 apiece. They slumped 65% in pre-market trade on Monday at 4.48 a.m. ET. The bank’s stock is down 33% so far this year.
https://www.msn.com/en-us/money/personalfinance/first-republic-bolsters-liquidity-after-wild-weekend-of-bank-failures/ar-AA18yc8Q
๐ช๐ต๐ฒ๐ฎ๐ ๐ฅ๐ถ๐ฑ๐ด๐ฒ, ๐๐ข ๐๐ผ๐๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ฟ๐ฎ๐๐ฒ๐ฟ ๐ญ๐ด% ๐ฌ๐ข๐ฌ ๐๐ ๐ฌ๐ฒ๐ฎ๐ฟ๐ ๐ข๐ณ ๐ฆ๐๐ฏ๐ฝ๐ฟ๐ถ๐บ๐ฒ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฎ๐๐ฎ๐ด๐ฒ ๐๐ฒ๐ป๐๐ฒ๐ฟ ๐๐ฟ๐ฒ๐ฎ
https://www.movoto.com/wheat-ridge-co/market-trends/
๐๐ด ๐ข ๐ณ๐ฆ๐ฏ๐ฐ๐ธ๐ฏ ๐ฆ๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ด๐ต ๐ด๐ต๐ข๐ต๐ฆ๐ฅ ๐ด๐ฐ ๐ฆ๐ญ๐ฐ๐ฒ๐ถ๐ฆ๐ฏ๐ต๐ญ๐บ, โ๐๐ง ๐บ๐ฐ๐ถ ๐ฉ๐ข๐ท๐ฆ ๐ต๐ฐ ๐ฃ๐ฐ๐ณ๐ณ๐ฐ๐ธ ๐ง๐ฐ๐ณ 15 ๐ฐ๐ณ 30 ๐บ๐ฆ๐ข๐ณ๐ด, ๐บ๐ฐ๐ถ ๐ค๐ข๐ฏโ๐ต ๐ข๐ง๐ง๐ฐ๐ณ๐ฅ ๐ช๐ต ๐ฏ๐ฐ๐ณ ๐ช๐ด ๐ช๐ต ๐ข๐ง๐ง๐ฐ๐ณ๐ฅ๐ข๐ฃ๐ญ๐ฆ.โ
Stick a fork in the housing market. Day on the market are more than double what they were this time last year:
https://armls.com/docs/sold-list-chart.pdf