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26.02.26 - 20:48
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Even Banks Now Bow To A Golden Master (ZeroHedge)
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Even Banks Now Bow To A Golden Master
Authored by Matthew Piepenburg via VonGreyerz.gold,
Although I never expected to say this, if you are still wondering about gold's future price direction, just ask the big banks…
Getting Real
Emerging from a 2025 in which gold saw 53 all-time-highs and an annual move of 55%, some wondered if this was just another blow-off asset akin to any other, from dot.com stocks to crypto manias.
Such a misunderstanding of gold's fundamental profile as a strategic monetary metal gained a bit more momentum on Silver Friday, when the CME engineered yet another temporary and entirely artificial price dip/manipulation to bail out the big banks caught in the mother of all silver short-squeezes.
This was not an end to the rise of precious metals, but a capitulation by the COMEX short-sellers (i.e. bullion banks) to get out their surging way.
Of course, when it comes to the legalized fraud in the COMEX or an openly rigged banking system, my thoughts, pen and voice h...
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26.02.26 - 13:24
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Hong Kong banks′ collateral asset valuations to continue declining in 2026: S&P (SCMP)
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The value of collateral assets used by banks for commercial property loans is expected to continue declining in 2026, according to S&P Global Ratings, as the sector has yet to find a clear bottom.
“More collateral pain is likely this year for Hong Kong banks,” the credit rating agency said in a report published on Thursday, adding that a subset of small banks could face more acute strain.
That assessment comes as Hong Kong's commercial property market remains on a sustained downturn that started......
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26.02.26 - 10:55
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How Insurance Costs Make NYC Construction so Expensive | Odd Lots (Bloomberg)
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It's hard to imagine NYC becoming significantly more affordable as long as it's so expensive to build things. Whether we're talking about new housing or transportation, the city is a famously expensive place to do construction. There are reports of subway elevators costing $100 million per station. Public bathrooms end up costing millions as well. One driver of costs is insurance, but particularly acute in NYC, with costs as a share of a given construction project having surged over the decades. So what's the story? On this episode we speak with Elizabeth Crowley, the president and CEO of the Building Trades Employers' Association as well as Michael Capasso, the president and CEO of CAC Industries, a civil engineering firm which works on various heavy construction projects in the city. We talk about regulations that push the cost of operation higher, along with other factors such as project delays and labor availability. (Source: Bloomberg)...
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26.02.26 - 10:01
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Odd Lots: How Insurance Drives NYC Construction Costs (Podcast) (Bloomberg)
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It's hard to imagine New York City becoming significantly more affordable as long as it remains so expensive to build things. Whether we're talking about new housing or transportation, the city is a famously expensive place to do construction. There are reports of subway elevators costing $100 million per station. Public bathrooms end up costing millions as well. One driver of costs is insurance, which is a major national issue, but particularly acute in NYC, with costs as a share of a given con...
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