SPR spartan resources limited

1.25%

$1.97

Gold and macro environment, page-205

First 205 Last

Share
Profile

Follow
plough

35,534 Posts.

2283

08/09/24

17:05

Post #: 75581976
Share

Originally posted by calmbeforestorm ↑

How much chaos are we going to see if there is a sustained share market fall of 20% or more ? The attached article may provide a hint. No idea how this will play out but the numbers will be scary if things go wrong.

https://wallstreetonparade.com/2024...ant-banks-making-margin-loans-to-hedge-funds/

I found the contents of the article about margin debt really concerning. Margin debt has ballooned hugely in the last 4 years (ie about double) especially since the second half of 2023 - the data is only to the end of March 2024 so with a higher Stockmarket who knows how much higher the figures are since March. Notice how the debt increases as the Stockmarket climbs!

I had no idea margin debt was so high - if the stock market does go down a lot there may be chaos caused by huge margin calls which is what made the 1929 crash so bad ie a lot of margin debt - not so much for the Dotcom and GFC crash as explained in the article as margin debt was so much lower. After the 1929 crash the US passed legislation stopping banks providing such finance but that all stopped in 1999.

This quote from the article summarises the issue really well:

”The Federal Reserve – a key federal regulator of the largest bank holding companies in the U.S. – is completely lost when it comes to tabulating out-of-control margin debt in the U.S. banking system — which is creating giant speculative bubbles”

The trouble is the huge margin debt is all with banks and most of it at the huge banks.

Regional banks may have big problems with commercial real estate but the major banks may have a much bigger risk.

Expand

"After the 1929 crash the US passed legislation stopping banks providing such finance but that all stopped in 1999."

Its still enforced under FINRA rule 4210

SPR Price at posting: $1.28 Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

'Not possible' to port renewable gas: ACCC takes AGN to court

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

First 205 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $1.97		Change -0.025(1.25%)		Mkt cap ! $2.524B

Open	High	Low	Value	Volume
$2.01	$2.05	$1.95	$66.88M	33.90M

Buyers (Bids)

No.	Vol.	Price($)
5	77974	$1.96

Sellers (Offers)

Price($)	Vol.	No.
$1.98	85766	5

View Market Depth

No.	Vol.	Price($)
5	77974	1.955
6	52573	1.950
1	18392	1.945
1	388	1.930
4	3274	1.900

Price($)	Vol.	No.
1.980	85766	5
1.985	36091	2
1.990	18392	1
2.050	16500	2
2.060	5001	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

SPR (ASX) Chart

Gold and macro environment, page-205

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

'Not possible' to port renewable gas: ACCC takes AGN to court

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Gold and macro environment, page-205

Top Stories

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

'Not possible' to port renewable gas: ACCC takes AGN to court

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News