Post by
bubba9 on Nov 20, 2023 3:53pm
Financials
Watch for banks to take excessive mortgage write down provisions in their upcoming statement
Comment by
mouserman on Nov 20, 2023 4:29pm
Of more concern is probably the big commercial debt that is underwater in US and CANADA. Some analysts are predicting a bank meltdown in Q1 2024.... Not sure how much exposure the CAD banks have , but the overhang from the underwater sovereign bonds will show up soon. Inverted bond yields historically have never been wrong in predicting a recession, just not always immediate.