Holy shit.
This really is financial crisis pt 2.
JP Morgan is saying all their past mortgages are at high risk.
Holy shit
Eli Johnson
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Gabriel Bell
Unironically bullish. Green dildo Monday
Ethan Ward
Average JPM down is from 3 to 10%.
This is huge!
All the other banks are going up so the same. Then it will be harder to get loans. This is the start of a major housing crisis.
Logan Hughes
>there are people out there without a 700 credit score trying to buy a house
Jace Powell
>burgers yelling at the chinks social score
>muh DEMOCRUCY DOWN
>burgers have been jew-scored and feel ok about that
>muh land of freedums
ahahahaha
Jackson Garcia
Credit score doesn't change much except your ability to get a loan, mine is above 800 and it's meaningless because I don't have much capital to take out a loan with.
Blake Jenkins
Same boat. sitting at 802 or so but I have no capital to take out a loan. It’s worthless.
Robert Roberts
What if I told you 10% of mortgages were to people with a credit score under 647!
Brayden Price
>Credit score doesn't change much except your ability to get a loan
for now, let them work
Blake Lee
People in your country go to jail for Tweets
Christian Morgan
This news was less that one year ago. If you aren't a brainlet then you get how serious this is.
Justin Morris
Ive watched big short, and i know what a synthetic cdo is. ITS OVER GUYS AAAAAAAAAAAAA
Jordan Williams
IT'S A BUBBLE
Ian Myers
JENGA BLOCKS AND GOSLING
Asher Moore
But guys this isn't just a housing bubble and a subprime bubble. We also got an index fund bubble.
This is a trifecto. Short everything!
Ethan Edwards
What's passive investment?
Brandon Campbell
>he thought the current debit levels and loaning standards were sustainable
Brainlet, it's always been obvious that this would eventuate.
Aiden Bennett
>"For those of you that haven't been through this before, this is what the beginning of a fire sale looks like..."
James Torres
what about corporate debt bubble? thats a big one too.
Carson Gray
>JENGA BLOCKS AND GOSLING
Here I even made a diagram!
Mason Murphy
>what about corporate debt bubble? thats a big one too.
This one is hard, because just because the Feds are giving JPM tons of liquidity, JPM is cutting their risk, so less liquidity for the consumer. Basically they are trying to get consumers to take away all their corporate risk. I think they will win, like last time. Corporate debt for S&P 500 companies will be fine.
Adrian Peterson
Why do we always have to pay for the mistakes of these fucking jews? Fuck them.
Thomas Rivera
Most normies put 5% of their paycheck into a 401k account managed by an investment firm.
Ethan White
so let me get this straight...
yhymm
we bobo now?
Luis Bailey
Not anymore when 10% of the USA is laid off!
>we bobo now?
We are very close. Right now it is the big banks trying to hide how bad things are, so they can hedge the risk.
Chase Lee
but but
always always things seems to be unlogical right?
it is 100% sure that we bobo now?
Josiah Bailey
JPM has the largest silver position on the world. Physical one. They will be fine.
I think that solving liquidity problems is not gonna work this time. The economy has came to a halt. No amount of currency printing is gonna work... The only way out is a reality check of stocks, or hyperinflation. The system is collapsing as we speak.
Ian Wright
>The only way out is a reality check of stocks, or hyperinflation.
I believe Drumpf has already made his choice
Jayden Young
10%. For now. For each 1% of unemployment 40k people die. People are about to be awoken from their "american dream"
Aaron Martin
I believe this is beyond Drumpfs choices. Did he choose this monetary system? No. But he might choose the next one.
Samuel Collins
>it is 100% sure that we bobo now?
Do you need an expert to tell you how to invest?
Usually too late then, but okay...
>pic related, though it will actually be the second great depression soon!
Eli Myers
>JP Morgan is saying all their past mortgages are at high risk.
Lol they didn’t say that at all.
Are you retarded or is biz the new buzzfeed
Evan Garcia
>People are about to be awoken from their "american dream"
1/3 of people didn't pay their rent this month!