Toronto Escorts

U.S. Banks - Back from the Dead?

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
People are starting to speak the unspeakable. U.S. banks are back from the dead. They are probably right. It is hard to imagine that the U.S. banking industry will simply vanish into thin air (like Lehman Bros.). On the other hand, Canadian banks appear to be fairly priced.
 

nofrills

New member
Sep 13, 2004
414
0
0
People are starting to speak the unspeakable. U.S. banks are back from the dead. They are probably right. It is hard to imagine that the U.S. banking industry will simply vanish into thin air (like Lehman Bros.). On the other hand, Canadian banks appear to be fairly priced.
I would agree with you. Right now Risk / Reward ratio is more favourable with US banks as compared to Cdn banks.
 
May 22, 2008
694
2
18
at this point there is sooo much speculation about US bank stocks going up and going down. if you truly weigh out the risk and reward, you need to ask yourself what you want and weigh things out. i feel that there are still a few gems out there and you can easily tell that Citi and BAC are likely to make a good run @ some point over the next few years. They are both hugh banks and have a massive upside. Unless something really stupid happens like an accounting scandal they are likely to surpass $30.00 eventually. at least that's what I am thinking.
 

Malibook

New member
Nov 16, 2001
4,613
2
0
Paradise
www.yourtraveltickets.com
They are back from the dead although they still have much more toxic crap to unload onto the Federal Reserve (public).

"The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile." Ron Paul
 

Dragon.i

New member
Jan 10, 2010
41
0
0
The US banking system is still on shaky fundamentals with capital adequacy ratio being an issue with the US banks, however, the Canadian banks are some of the best in the world in this regard.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
the Canadian banks are some of the best in the world in this regard.
I was watching Jimmy Rogers interviewed on TV and he said the two best countries right now are Canada and Singapore. In fact, he said that Canada will be the best for the next 10-20 years. He said the U.S. and the E.U. are a mess and the Euro will be history in 20 years.
 

JohnLarue

Well-known member
Jan 19, 2005
16,159
2,151
113
I would agree with you. Right now Risk / Reward ratio is more favourable with US banks as compared to Cdn banks.
I would not agree with that.
I believe there is still significant risk in the US banking system and there will continue to be huge risk until the housing market rebounds, which is defiantly not in the near future.
The reward- whats your premise to state there is huge reward?

Sound investing dictates placing more emphasis on the risk portion of the risk / reward equation.
Most people mistakenly focus on the reward portion.

The Cdn banks have a near monopoly ( 6 in Cdn vs. thousands in the USA) and Cdn banks are far more stringent / intelligent wrt lending credit

An investment in a Cdn bank will pay a healthy dividend & the downside is maybe 20-30% in another nightmare market correction like 2008
An investment in a USA bank, the downside could be zero as an additional round of bailouts would be a difficult sell
 
B

burt-oh-my!

I was watching Jimmy Rogers interviewed on TV and he said the two best countries right now are Canada and Singapore. In fact, he said that Canada will be the best for the next 10-20 years. He said the U.S. and the E.U. are a mess and the Euro will be history in 20 years.
These supposed Gurus! They make a name for themselves at some point then they spout recommendations for the next 30 years and everyone respects their opinion regardless of their track record. For instance, Rogers in the late 80's recommended Farmland - what a disaster. In fact, that is what he was predicting - disaster, just before the markets went on a wonderful 10 year run.

And what about that Bear conference in Toronto last year? Who was it, the guy from Sprott I think, saying all was over, some said we're going down to 2,000 on the Dow. What a disaster if you'd followed their advice.

Probably IMHO some of the best money will be made in US real estate, and US manaufacturers over the next 5 years. Heck, maybe even the USD - everyone is so down on it these days.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
Heard a guy on the radio say that Canadian banks deserve a "solvency premium" because U.S., Japanese and European bankers are dumb and will keep making mistakes after mistakes in the futrure just as they did in the past. I think it was FUJI who said that U.S. banks' total net profit on corporate banking for the past 100 years is a fat zero (almost as bad as airlines)..
 

Dragon.i

New member
Jan 10, 2010
41
0
0
Heard a guy on the radio say that Canadian banks deserve a "solvency premium" because U.S., Japanese and European bankers are dumb and will keep making mistakes after mistakes in the futrure just as they did in the past. I think it was FUJI who said that U.S. banks' total net profit on corporate banking for the past 100 years is a fat zero (almost as bad as airlines)..
whatever premium the cad banks should have are already reflected in the stock price if you believe in market efficiency hypothsis.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
whatever premium the cad banks should have are already reflected in the stock price if you believe in market efficiency hypothsis.
"Market efficiency" is an oxymoron. With rare exceptions, "intelligent U.S. banker" is also an oxymoron.

The guy on the radio said that the U.S. is debasing its currency at such a rapid pace that many people no longer view the U.S. dollar or the U.S. as a safe haven. So, they turn to Canada and Canadian banks as a safe haven. Also, Canada has yet to tap the riches under the Canadian Arctic.

BTW Interesting article in the Saturday Star about Michael "never underestimate the stupidity of Wall Street" Burry.
 

odie999

Member
Mar 14, 2010
384
3
18
that's what happens after the

that's what happens after the vampire (US banks) drains the victim's blood:

the vampire gets to live to suck some more

Or do they (US vampire banks) look more like an engorged tic/flea/leech/lamprey/tapeworm/bedbug/mosquito than a vampire these days?

Are you sure Rogers was into farmland after Reagan came in? I thought he sold most of his commodities fairly close to the top.

I don't agree about Canada being the best place though.
Canadian RE looks really bad to me, like US RE in late 2006. If inflation keeps rising & Carney has to raise a bit too quickly ... watch out belooooooowwwww ......

Anyone want to chime in? Canadian RE bubble?
 

Dragon.i

New member
Jan 10, 2010
41
0
0
"Market efficiency" is an oxymoron. With rare exceptions, "intelligent U.S. banker" is also an oxymoron.

The guy on the radio said that the U.S. is debasing its currency at such a rapid pace that many people no longer view the U.S. dollar or the U.S. as a safe haven. So, they turn to Canada and Canadian banks as a safe haven. Also, Canada has yet to tap the riches under the Canadian Arctic.

BTW Interesting article in the Saturday Star about Michael "never underestimate the stupidity of Wall Street" Burry.
It's not an oxymoron. Either you believe in it or don't.
Wall St. can get blinded with the flurry of business activity that sometimes corrections are necessary as a jolt to bring some sense to the chaos.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
It's not an oxymoron. Either you believe in it or don't.
I believe the market is efficient 20% of the time, the other 80% of the time it is either overvalued or undervalued, sometimes grossly overvalued or grossly undervalued. Michael Burry and Warren Buffet are much smarter than 95% of the guys on Wall Street.
 
Ashley Madison
Toronto Escorts