Loan loss provisions up at two more banks
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- Опубліковано 27 вер 2024
- Paul Harris, partner and portfolio manager at Harris Douglas Asset Management, joins BNN Bloomberg and talks about his insights about investing in Canadian banks.
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The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.
What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?
@@LeahLewis-ny9iu Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.
I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.
I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!
I might sell to the tune, but not without the approval of my broker as usual since 2022. With eyes and ears on Wall Street, I have raked in 140% on a managed portfolio currently worth $315k run under a hedge fund by Desiree Ruth Hoffman.
There is no way this guy is wearing those glasses by choice
He lost a bet
Banks are fine. Look at bail in legislation if you have never heard of it before. Basically it has been legislated into law that they can not fail. Taxpayer foots the bill. They can take all the risks they want and enjoy the upside while the commoners will bail you out when you get too greedy.
While saying the banks "need to cut back on their cost structure" ; he's so quick to recommend a lay off of 10% to 15% of staff... I wish - so badly - that he would recommend a cap or even a decrease on the CEO bonus amounts. This I think would be a fair cut back to cost structure... We can try to keep some middle class jobs out there and stop this insane division between the rich and the rest of us just trying to have a normal life.
Banks are going through a rough period 🤣 theyre very well protected. Its Canadian citizens thst are going through a tough period i would argue
Cut those rates FAST. 4 cuts this year easy
I agree with this guy. My mortgage is up for renewal in 2 years. Lets get going. 🤣
Cdic is about to a busy place
😢 i hope they don't have lay offs.
We all need jobs and incomes.
those glasses are terrible