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Bank runs?

Discussions about the economic and financial ramifications of PEAK OIL

Bank runs?

Unread postby roccman » Sun 06 Jan 2008, 11:37:35

Got bunker?
Already far exceeds August borrowing... Slope and magnitude exceeds S&L crisis... ISM and Jobs data racked the markets in the last two weeks...

Oil at $100... And all major banks report earnings between 1.15 annd 1.24... The noose tightens.

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Re: Bank borrowing on a moonshot...

Unread postby I_Like_Plants » Sun 06 Jan 2008, 15:43:38

As I keep repeating, bank runs are coming soon, they may try their best to call them anything but, but they'll be indistinguishable from bank runs as far as you or I, or anyone foolish enough to trust a bank, will be able to tell.

Some good posts lately Rocco.
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Re: Bank borrowing on a moonshot...

Unread postby Armageddon » Sun 06 Jan 2008, 16:51:00

They will just keep printing as much money as they need to. It takes 6-9 months for it to show up , so by summer we should start seeing 3% per month rise in most things. Summer of 2008 should be the time for things really to heat up, right in time for hurricane season.
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Re: Bank borrowing on a moonshot...

Unread postby Specop_007 » Sun 06 Jan 2008, 20:16:14

Wow, you guys are more of a doomer then I am..... 8O
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