Two Banking Announcements:
* Basel Committee finds Mexico compliant with its Net Stable Funding Ratio standard and large exposures framework, and largely compliant with its Liquidity Coverage Ratio.
* Assessments find Switzerland largely compliant with the Committee’s Net Stable Funding Ratio standard and large exposures framework.
https://www.bis.org/press/p231213.htm
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“Mortgage demand plummets again despite drop in interest rates”
Let me give you an idea of just how big the Mortgage Market really is: Residential Mortgage Market Size: Residential $13.864 trillion. This is not counting Corporations and Business offices.
The Housing Market is still in the process of resetting their prices to coordinate their values with the Banking System’s new Basel 3 Capital requirements being implemented on January the 16th, 2024.
Look for new market valuations to form in the near term inside this multi-trillion-dollar business. Coordinating real-world values between the markets and the banking system is a phase of the global economic reset that is just beginning to come to a head.
© Goldilocks
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