It's Friday desk clearing time for this blogger. "Record vacancies dropped Manhattan apartment rental prices…
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From the first 5:13 video:
February 2023 Austin Texas Real Estate Market Update
Mason Bleasdell – Austin, Texas Area Realtor
Premiered Mar 18, 2023
This month, I give my honest, brutal opinions backed by these stats on how Austin is doing as we look at the closed statistics for Austin, Texas for February, 2023.
The second 1 minute video:
Most Homes are Selling BELOW Listing Price
Robert Fitzpatrick DFW Real Estate Agent
Mar 18, 2023
The third 5:1* video:
How Has the Fed Impacted the SWFL Housing Market?
Living In Naples, Florida
Mar 18, 2023
As it has been a year since the Federal Reserve began its current interest rate raising cycle, with a modest 25 basis point hike in March of 2022, I thought it could be informative to take a look at a macro level at what the impact has been on the real estate market in SWFL. This channel is all about living in Naples Florida, and everything you need to know!
The fourth 10:29 video:
Return of the ZOMBIE BANKS?
ReasonTV
Mar 18, 2023
Is this a rerun of the 1980s savings crisis? Former Fed economist Arnold Kling gives a short history of failed banking policies.
Watch the full replay of the live conversation with Kling, Lyn Alden, and Zach Weissmueller
10 Housing Markets Where Demand is Crashing Through the Floor
First Republic Bank was poised to extend last week’s record loss as the US lender’s shares plunged after S&P Global Inc. cut its credit rating again and the emergency sale of Credit Suisse Group AG to UBS Group AG failed to assuage fears over the banking system’s health.
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday.
In a sign of contagion, some Asian banks’ AT1 bonds, which are deemed as the riskiest bank securities, fell by a record. Bank of East Asia Ltd.’s 5.825% perpetual dollar note slumped 8.6 cents to 79.7 cents, which would be a record decline if maintained through the end of Monday’s trading, according to data compiled by Bloomberg.
Additional Tier 1 notes were created after the Global Financial Crisis to ensure that losses in times of crises would be borne by investors, rather than taxpayers bailing out borrowers.
“The Credit Suisse deal has left some bondholders with significant losses and investors in the region may be reexamining exposure to financial market turmoil and tail risks,” said Marvin Chen, analyst at Bloomberg Intelligence.
Banking Crisis: Tennessee bank stocks plummet, some find opportunity
Tennessean|41 minutes ago
Even though SVB depositors have been saved, the VC industry bubble will likely now fully deflate” Meanwhile, smaller banks like Citizens Savings Bank and Trust Co. are seeing this crisis as an opportunity to grow their customer base. “We’re well-capitalized.
Here’s What to Do Now as Market Chaos Builds Due to the Banking Crisis
TheStreet.com|22 minutes ago
They backstopped SIVB and Signature Bank (SBNY) , so depositors were protected and created a program that allowed banks to borrow against bonds with unrealized losses at face value. The crisis quickly spread overseas and hit Credit Suisse last week.
Bank shares plummet as Credit Suisse rescue fails to quell contagion fears
Reuters on MSN.com|1 hour ago
Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector.
Banking crisis fears as Credit Suisse bailout fails to stem market rot
The Scotsman on MSN.com|2 hours ago
An emergency rescue of Swiss lender Credit Suisse has failed to quell market turmoil with shares in the red amid fears of a fresh global banking crisis.
Why are bank stocks falling? Credit Suisse’s role and what you should do
The Telegraph on MSN.com|38 minutes ago
This comes less than a week after the collapse of Silicon Valley Bank in the US sent shockwaves across the banking sector. Many UK investors have some exposure to both SVB and Cre
Bank failures, Fed oversight and response sends Elizabeth Warren on TV tirade
Boston Herald|1 hour ago
Elizabeth Warren told CBS’s Margaret Brennan. “This whole tranche of banks has been under regulated for five years now,” she said. Warren was speaking about 10 days after it became apparent that California based Silicon Valley Bank would fail amid a modern day,
See, now we got senator running deer shaking her bony fist and yelling. It’ll all be fine.
Zombie Banks?
Certainly Zombie Banks are getting a lot of attention but the bigger issue is there are hundreds (thousands?) of Zombie Corporations out there that haven’t surfaced yet, but they will, if this recession rhymes with 2000-2002.
From the first 5:13 video:
February 2023 Austin Texas Real Estate Market Update
Mason Bleasdell – Austin, Texas Area Realtor
Premiered Mar 18, 2023
This month, I give my honest, brutal opinions backed by these stats on how Austin is doing as we look at the closed statistics for Austin, Texas for February, 2023.
The second 1 minute video:
Most Homes are Selling BELOW Listing Price
Robert Fitzpatrick DFW Real Estate Agent
Mar 18, 2023
The third 5:1* video:
How Has the Fed Impacted the SWFL Housing Market?
Living In Naples, Florida
Mar 18, 2023
As it has been a year since the Federal Reserve began its current interest rate raising cycle, with a modest 25 basis point hike in March of 2022, I thought it could be informative to take a look at a macro level at what the impact has been on the real estate market in SWFL. This channel is all about living in Naples Florida, and everything you need to know!
The fourth 10:29 video:
Return of the ZOMBIE BANKS?
ReasonTV
Mar 18, 2023
Is this a rerun of the 1980s savings crisis? Former Fed economist Arnold Kling gives a short history of failed banking policies.
Watch the full replay of the live conversation with Kling, Lyn Alden, and Zach Weissmueller
10 Housing Markets Where Demand is Crashing Through the Floor
https://finance.yahoo.com/news/10-housing-markets-where-demand-111500640.html
First Republic Bank was poised to extend last week’s record loss as the US lender’s shares plunged after S&P Global Inc. cut its credit rating again and the emergency sale of Credit Suisse Group AG to UBS Group AG failed to assuage fears over the banking system’s health.
https://finance.yahoo.com/news/first-republic-set-extend-record-092758879.html
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday.
https://finance.yahoo.com/news/credit-suisse-writes-down-17-204603194.html
I love significant losses in the mornin’!
In a sign of contagion, some Asian banks’ AT1 bonds, which are deemed as the riskiest bank securities, fell by a record. Bank of East Asia Ltd.’s 5.825% perpetual dollar note slumped 8.6 cents to 79.7 cents, which would be a record decline if maintained through the end of Monday’s trading, according to data compiled by Bloomberg.
Additional Tier 1 notes were created after the Global Financial Crisis to ensure that losses in times of crises would be borne by investors, rather than taxpayers bailing out borrowers.
“The Credit Suisse deal has left some bondholders with significant losses and investors in the region may be reexamining exposure to financial market turmoil and tail risks,” said Marvin Chen, analyst at Bloomberg Intelligence.
https://finance.yahoo.com/news/hsbc-shares-tumble-hong-kong-032145463.html
Banking Crisis: Tennessee bank stocks plummet, some find opportunity
Tennessean|41 minutes ago
Even though SVB depositors have been saved, the VC industry bubble will likely now fully deflate” Meanwhile, smaller banks like Citizens Savings Bank and Trust Co. are seeing this crisis as an opportunity to grow their customer base. “We’re well-capitalized.
Here’s What to Do Now as Market Chaos Builds Due to the Banking Crisis
TheStreet.com|22 minutes ago
They backstopped SIVB and Signature Bank (SBNY) , so depositors were protected and created a program that allowed banks to borrow against bonds with unrealized losses at face value. The crisis quickly spread overseas and hit Credit Suisse last week.
Bank shares plummet as Credit Suisse rescue fails to quell contagion fears
Reuters on MSN.com|1 hour ago
Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector.
Banking crisis fears as Credit Suisse bailout fails to stem market rot
The Scotsman on MSN.com|2 hours ago
An emergency rescue of Swiss lender Credit Suisse has failed to quell market turmoil with shares in the red amid fears of a fresh global banking crisis.
Why are bank stocks falling? Credit Suisse’s role and what you should do
The Telegraph on MSN.com|38 minutes ago
This comes less than a week after the collapse of Silicon Valley Bank in the US sent shockwaves across the banking sector. Many UK investors have some exposure to both SVB and Cre
Bank failures, Fed oversight and response sends Elizabeth Warren on TV tirade
Boston Herald|1 hour ago
Elizabeth Warren told CBS’s Margaret Brennan. “This whole tranche of banks has been under regulated for five years now,” she said. Warren was speaking about 10 days after it became apparent that California based Silicon Valley Bank would fail amid a modern day,
See, now we got senator running deer shaking her bony fist and yelling. It’ll all be fine.
𝗔𝘂𝗿𝗼𝗿𝗮, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟮% 𝗬𝗢𝗬 𝗔𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗗𝗲𝗳𝗮𝘂𝗹𝘁𝘀 𝗔𝗻𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗦𝘂𝗿𝗴𝗲 𝗔𝗰𝗿𝗼𝘀𝘀 𝗖𝗼𝗹𝗼𝗿𝗮𝗱𝗼
https://www.movoto.com/aurora-co/market-trends/
𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘶𝘨𝘨𝘦𝘴𝘵𝘦𝘥, “𝘞𝘩𝘺 𝘣𝘶𝘺 𝘢 𝘩𝘰𝘶𝘴𝘦 𝘸𝘩𝘦𝘯 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘳𝘦𝘯𝘵 𝘰𝘯𝘦 𝘧𝘰𝘳 𝘩𝘢𝘭𝘧 𝘵𝘩𝘦 𝘮𝘰𝘯𝘵𝘩𝘭𝘺 𝘤𝘰𝘴𝘵. 𝘉𝘶𝘺 𝘪𝘵 𝘭𝘢𝘵𝘦𝘳 𝘢𝘧𝘵𝘦𝘳 𝘱𝘳𝘪𝘤𝘦𝘴 𝘤𝘳𝘢𝘵𝘦𝘳 𝘧𝘰𝘳 70% 𝘭𝘦𝘴𝘴.”
Zombie Banks?
Certainly Zombie Banks are getting a lot of attention but the bigger issue is there are hundreds (thousands?) of Zombie Corporations out there that haven’t surfaced yet, but they will, if this recession rhymes with 2000-2002.