Are the Leveraged Loans Today's Subprime Mortgages?

in #dtube9 months ago


In this report, I cover the early market action from London on Thursday, May 16th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.

Today I look into the banking system and whether I think that the banks have been made safer after the banking crisis of 2008. Looking at recent news here in the U.K. it seems like nothing has changed as we are again people queueing or lining up at banks trying to take their money and property out of banks.

I go over the recent bank runs at Metro Bank which is a small institution that has lost almost 90% of its value in the last year or so as they had made a blunder about the risk classification of their loans. It is interesting that even though governments provide deposit insurance that people still do not feel confident about the haelth of Metro Bank.

My conclusion is that it is still too early to tell whether the problems at Metro Bank are isolated or whether they are part of a bigger problem related to Leveraged Lons. I think it is important to stay alert to these developments because the Crisis of 2008 was also supposed to be contained as Subprime Mortgage loans were not supposed to be a big problem either.

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