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Originally Posted by The Yen Man
Exactly. It's way more nuanced than to just make blanket panic statements just to get attention. How much of the lent money by banks are asset backed? There are still pretty strict stress tests in Canada before a bank will approve mortgages.
If you are that worried about a banking collapse and a housing price collapse, I'm assuming you've sold your house, and are now taking that cash and putting it under your mattress?
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Being aware of what’s going on around you isn’t necessarily panic.
You want the narrative that “everything will be ok” which is fine.
But the banks are far from these pillars of strength.
When and if the runs start it will be stressful and too late to plan for anything.