Bank Balance Sheet Reveals MASSIVE Systemic Stress

It was all banks all day yesterday. Basel rules foul-up. Warren Buffett continuing to dump BofA. Citi dumping on credit. Deutsche unloading CRE, or trying to. JP Morgan downgrading...itself. Most of all Ally Financial admitting unemployment is fast becoming a big problem and right on its balance sheet. Eurodollar University's Money & Macro AnalysisBloomberg JPMorgan Leads Banks in Dimming Outlooks, Spoiling Win on Ruleshttps://www.bloomberg.com/news/articles/2024-09-10/jpmorgan-leads-banks-in-dimming-outlooks-spoiling-win-on-rulesBloomberg Ally Drops After CFO Flags Consumer Stress, Underperformancehttps://www.bloomberg.com/news/articles/2024-09-10/ally-drops-after-cfo-flags-consumer-stress-underperformanceBloomberg Consumers Shift Spending to Pay for Basic Staples, Citi CFO Sayshttps://www.bloomberg.com/news/articles/2024-09-09/consumers-shift-spending-to-pay-for-basic-staples-citi-cfo-saysFRBNY Household Debt and Credit Reporthttps://www.newyorkfed.org/microeconomics/hhdc.htmlCNBC Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholderhttps://www.cnbc.com/2024/09/11/berkshire-unloads-another-chunk-of-bank-of-america-as-ceo-moynihan-lauds-buffett-as-great-shareholder.htmlBloomberg Deutsche Bank Is Unloading $1 Billion in US Real Estate Loanshttps://www.bloomberg.com/news/articles/2024-08-01/deutsche-bank-is-unloading-1-billion-in-us-real-estate-loanshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU