https://www.reuters.com/business/financ ... 023-05-02/
PacWest, Western Alliance shares tumble as US regional bank fears persist
More Bank Trouble
Re: More Bank Trouble
Let me guess, in your country savings accounts offer very low rates of interest, mortages are the preferred form of investment and the housing market is in a precarious situation, added to that loans and credit cards have high rates of interest and large numbers of people in debt cannot afford.
As a result defaulting including on mortgages has become a problem again, and without the income stream, banks are starting to fail?
IF I'm wrong, I'm wrong, but the housing market is overheating here in the UK and looking like a crash could happen soon.
The average house price here is a quarter of a million pounds.
The average wage here is less than £27k a year.
The average savings account interest rate is 2.14%, which is pathetic.
Savings accounts should offer 1/4 to 1/2 the interest they offer on loans / credit cards.
As a result defaulting including on mortgages has become a problem again, and without the income stream, banks are starting to fail?
IF I'm wrong, I'm wrong, but the housing market is overheating here in the UK and looking like a crash could happen soon.
The average house price here is a quarter of a million pounds.
The average wage here is less than £27k a year.
The average savings account interest rate is 2.14%, which is pathetic.
Savings accounts should offer 1/4 to 1/2 the interest they offer on loans / credit cards.
0 x
The very powerful and the very stupid have one thing in common:
They don't alters their views to fit the facts, they alter the facts to fit the views.
They don't alters their views to fit the facts, they alter the facts to fit the views.