Shadow banking is back, and this time there is no hope

Discussion in 'Economy' started by MindWars, Oct 25, 2016.

  1. MindWars
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    MindWars Gold Member

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    Shadow Banking Is Back, And This Time There Is No Hope

    Consumer confidence continues to decline. Twitter will be laying off 8% of its workforce. Credit card deliquencies are on the rise. According to Case Shiller, home prices have it the highs of 2006. Shadow banking is back and this time it is not going to end well. People are now closing their accounts at Well Fargo because of their illegal activity. It is confirmed Obamacare premiums will rise over 25%.
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    Take a look around economic Collapse is going on much of it will go global . Businesses are closing many that have been around for decades are closing shop.
    With pay raises, and a failing economy it will come as quite a shock when ppl get that reality check of reality.
     
  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Shadow banking is back and this time it is not going to end well.

    Shadow banking never left. Why do you feel it is bad? Why won't it end well?
     
  3. MindWars
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    MindWars Gold Member

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    Have you noticed all the companies shutting down, and all the jobs laying off people including twitter who is now laying off a few thousand workers.
    That's a start of it's no good.
     
  4. william the wie
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    william the wie Gold Member

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    The O care layoffs were and are inevitable and they started edging up about a week ago.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Have you noticed all the companies shutting down

    Not really.

    That's a start of it's no good.

    What does this have to do with shadow banking?
     
  6. Jomama
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    Jomama VIP Member

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    Jeez man, dont you ever think before you post or is this just trolling for you?

    Twitter is no more an economic indicator than the Kardashians, employment is up, bank workout departments are lacking work and re-assigning people because business borrowers are so healthy, consumer confidence always moves up and down - the October data point is not a trend, you're using a 10 year old data point to make an argument about the real estate market, and shadow banking has existed longer than any other form.

    move on.
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    there is always lots of good and bad economic news. Are you really qualified to decide that now the bad out weighs the good, and by enough to lead to a worse situation than 2008?????
     

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