ok this is a dmp thread not a banking thread.
But Mr Bradley - you treat provision for doubtful debts as just that a book entry which it is but what the other poster is talking about is actual default rates.
If you start getting negative equity becuse housing mrkt crashes (not saying it will) and unemployment rate rises due to a recession - at some point - and default rates go significantly up and banks cant recover the full debt amount because 90% of the loans are interest only and the 2mmill housse is now woth 1.4mm then you are going to get an impact to the bottom line
You seem to think banks are impervious to pain and that is false. Will they go bankrupt no probably not but cba could go to 50 or blw - and thats what counts - when to buy/sell and the investment mreits.
now back to dmp which has risen from 39 to 54 in amonth - that my friends is good.
Do you like DMP Pizza?, page-84
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Last
$33.15 |
Change
0.460(1.41%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $32.85 | $33.53 | $32.80 | $12.31M | 370.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 871 | $33.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.15 | 451 | 2 |
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