Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Bankers Know The Collapse Of Society Is Coming,The Sin Of Greed…
One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman chart shows.
Unfortunately the relative calm is not meant to last, because as we observed last month, Moody’s recently expanded its “B3 Negative and lower list” which soared to its highest tally ever — 311 companies. That tops a former peak of 291 companies, reached during the credit crisis of 2009 and the commodity-related downturn in April 2016. At 20.7% of the total rated spec-grade population, the list also shot up above its long-term average of 14.8%, and closing in on its all-time high of 26.1%. This spike is the result of the confluence of a coronavirus outbreak, plunging oil prices, and mounting recessionary conditions, which created severe and extensive credit shocks across many sectors, regions and markets, the effects of which are unprecedented.
And it’s not just junk: a record number of investment grade names have been…
… or are about to be cut to junk, unleashing the long-awaited flood of fallen angels:
Of course, downgrades first to junk and then to deep junk are just the first step in a painful voyage which ends with bankruptcy.
And while many borrowers are actively pulling levers to preserve cash by cutting payrolls, capex, and dividends, in some cases even these drastic actions are not enough to avoid failures. Indeed, as the latest default tracker from Bank of America shows, there has already been a surge in recently defaulted names and deeply distressed names, with April defaults surging to $17bn while another $27bn in issuers now on the bank’s default watchlist – issuers that are currently in grace period for missed payment, recently initiated distress exchanges, or other actions that could lead to potential default – and finally an additional $25bn in deep distress, whose bonds are currently trading below 50 cents on the dollar and have experienced price plunge by 50% from their maximum price within last 6 months.
Finally, if the following charts from Deutsche Bank’s Torsten Slok is any indication, the wave of Chapter 11 bankruptcies…
… and loan delinquencies…
… that is about to flood the US will be nothing short of biblical.
And none other than the CEO of the world’s biggest asset manager confirmed as much: speaking on a call with clients, Larry Fink who runs the $7.5 trillion Blackrock, said that bankers told him they “expect a cascade of bankruptcies to hit the American economy.” Source: ZeroHedge
HNewsWire-Global stocks are falling precipitously once again, and banking stocks are leading the way. If this reminds you of 2008, it should, because that is precisely what we witnessed back then. Banking stocks collapsed as fear gripped the marketplace, and ultimately many large global banks had to be bailed out either directly or indirectly by their national governments as they failed one after another. The health of the banking system is absolutely paramount because the flow of money is our economic lifeblood. When the flow of money tightens up during a credit crunch, the consequences can be rapid and dramatic just like we witnessed in 2008.
So let’s keep a very close eye on banking stocks. Global systemically important bank stocks surged in the aftermath of Trump’s victory in 2016, but now they are absolutely plunging. Source: HNewsWire
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven Years of Hell on Earth Which Began January 1, 2020
“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…
While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Do Not Post HNewsWire Articles on Parler, Gab, Face Book, Reddit, Gettr or Twatter Social Media Platform, We Are Not Comfortable With Their Anti-Christian — Anti-American Nazi Philosophy…Stevieray Hansen
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Global s are behind the Corona-virus, It Is a Man-Made Bio-weapon.
Watchman: Anthony Fauci, Satan Soldier, BS Artist, and Con Man, Claims That the “Real Danger” This Winter Will Be Among the Unvaccinated
SRH: Satan Soldier aka, Anthony Fauci, the outgoing head of the National Institute of Allergy and Infectious Diseases, warned Tuesday on MSNBC’s “Andrea Mitchell Reports”…Read More
and One Doesn’t Have to Be a Prophet to See That the Signs of Jesus Coming Are Converging Even Now… “This is going to be…Read More
After Killing Million Satan Soldier Doubles Down: Pfizer CEO Albert Bourla: Fourth COVID Shot Is ‘Necessary’, He’s a Soul-Less Empty Suit Dirt-bag!
Be gentle with your skin. Our soaps are kind to your skin and create a creamy, silky lather that is nourishing. Small batches are made…Read More
Watchman: Biden FDA Vaccine Adviser Refuses the Latest Kill Shot“Safe and Effective,” Their A**. We Want Satan Soldiers to Go First, and Then the People Will Be Rid of These Demonic Subhumans, the Obama Gang, et cetera
HNewsWire: By Frank Bergman A top vaccine adviser in Democrat President Joe Biden’s administration has refused to take the latest Covid shot and raised the…Read More
HNewsWire: Dinesh Kaushiva June 6, 2023 With the information and evidence on hand the title of this article is a hugh understatement ‘TO DO JUSTICE…Read More
We make every effort to acknowledge sources used in our news articles. In a few cases, the sources were lost due to a technological glitch. If you believe we have not given sufficient credit for your source material, please contact us, and we will be more than happy to link to your article.