Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Shrimper
"Wells Fargo interest rate income rose 20% and they seeing no increase bad loans"
It's not all about NIM, the report is dire, the bad loans are coming and dosh being set aside. New mortgages are falling off a cliff as are auto loans. Refi market has melted away for obvious reasons, it's only going to get worse. JP Morgan suspends buyback, don't be surprised if others do the same.
Lending money to fewer takers
Theo
When the cost of money goes up, the cost of goods and services goes up, liquidity being withdrawn and tightening into a recession, completely a rse backwards.
Tough times coming