Global financial system implosion begins
- Thread starter Falcon
- Start date
CH1
"Red Guard"(NLYL)
Possibly if you get a house and a twenty year mortgage people might stay put instead of pissing about remortgaging and "nudging" up the "ladder"?
CH1
"Red Guard"(NLYL)
Your argument is specious. Since switched mode ;power supplies came in there has been a dearth of demand for transformer-winding copper - and in turn a boom in rare earth metals used in semiconductors.
gosub
~#
China’s Billion-Dollar Cash-for-Copper Trade Grinds to a Halt
China’s bonded warehouses are all but empty and the implications are being felt across the copper market.
www.bloomberg.com
CH1
"Red Guard"(NLYL)
OOO EERRChina’s Billion-Dollar Cash-for-Copper Trade Grinds to a Halt
China’s bonded warehouses are all but empty and the implications are being felt across the copper market.
Well that must be because they've controlled copper mining in Zambia for some years (not that the Zambian people have benefitted).
How are FAGS these days? (Antofagasta)
Share price is pretty much the same as 10 years ago
gosub
~#
This is going to hurt
CH1
"Red Guard"(NLYL)
They do - bur they are "short dated" (presumably to protect the banks).
In the USA I believe the mortgages are fixed for the term of the mortgage - ie 25 years.
So everyone knows where they are.
It’s not to protect the banks. Banks are more than capable of issuing long-term debt on terms that suit them. Long-dated mortgages have just never taken off in the UK because the public have been unwilling to pay the risk premium associated with the security. A few banks have tried them a bit — you can get 10 year rates if you look around, for example. But they’re not popular.
not-bono-ever
meh
Copper is a bellweather of Chinese sentiment . It’s value is more than just industrial, it’s cultural
ETA, it’s complex . Low copper stocks reported does not mean that stocks are low. Copper can be taken off warrant in warehouse for a variety of reasons - it’s a massive component of grey market lending and can be used as collateral or for leverage elsewhere
not-bono-ever
meh
Fuck my life
gosub
~#
China’s Property Crisis Is Fueling Record Loss in BEA Debt
wonder what their exposure to Fosun is like.
wonder what their exposure to Fosun is like.
Last edited:
gosub
~#
Depends on how you see a thing, but inclined towards Burry. (consider inflationary pressures there since QE started in 2008) [would guess thats quite strongly ingrained in his mind too!] Also, do loss making tech start ups really need yoga mats,meditation rooms, table football etc?
Another US rate hike today for the rest of the world to work out what to do with, and a REAL argument about pivot points.....current data says no...data available Nov 10 may change.
Last edited:
CH1
"Red Guard"(NLYL)
This is Beckmanism. Rather like American preaching only more relatable to (if you have money in the bank anyway).
Interested to see that Roku is on the hit-list of companies with a massive share price and negative revenue. Bit of a bastard if my Roku stick stops working!
0KXI - Google Finance
Get the latest 0KXI real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
www.google.com
gosub
~#
This is Beckmanism. Rather like American preaching only more relatable to (if you have money in the bank anyway).
Interested to see that Roku is on the hit-list of companies with a massive share price and negative revenue. Bit of a bastard if my Roku stick stops working!
View attachment 3499030KXI - Google Finance
Get the latest 0KXI real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Cheers. Looking at his biog a few things there I might check out
As for him being wrong in 79.....oh to know what he didn't
gosub
~#
Whoops: the central banks themselves may soon need a gigantic bail-out
Followed what this journo has been saying over the years, and I imagine if we ever met in a pub we'd find a lot to talk about.
However
I was in the fortunate position to commission a narrowboat in 2002 (long since parted company, but some amazing memories). I did so partially because I didn't think house prices were sustainable. Took til 2008 for the world to catchup. Then came QE and that was a definite kick for those below the bottom rung as well as can down the road. Printing now... well that's a route to hyper inflation and even worse news for generations to come.
Spring is a different story, but some thought should be given as to what it is being printed for....There are no shortage of infrastructure projects that could be of benefit Be it hospitals to make some good on previous promises, purpose built processing centres for the HO so budgets aren't squandered on hotels, upgrades on water treatment, the list as always is endless. But then is the time not now when the FED, BoE et al are still bleeding bubbles from the system
Followed what this journo has been saying over the years, and I imagine if we ever met in a pub we'd find a lot to talk about.
However
I was in the fortunate position to commission a narrowboat in 2002 (long since parted company, but some amazing memories). I did so partially because I didn't think house prices were sustainable. Took til 2008 for the world to catchup. Then came QE and that was a definite kick for those below the bottom rung as well as can down the road. Printing now... well that's a route to hyper inflation and even worse news for generations to come.
Spring is a different story, but some thought should be given as to what it is being printed for....There are no shortage of infrastructure projects that could be of benefit Be it hospitals to make some good on previous promises, purpose built processing centres for the HO so budgets aren't squandered on hotels, upgrades on water treatment, the list as always is endless. But then is the time not now when the FED, BoE et al are still bleeding bubbles from the system
CH1
"Red Guard"(NLYL)
Like your article - and the technics of the fully readable link (how to you DO that?)
Regarding bank bail-outs I'm half-way through my book on the 1974 Lifeboat - which was totally improvised, though no doubt necessary to avoid a major collapse at NatWest Midland or Barclays. Surely QE should be seen in the same light - am emergency response conjured out of a hat. Except the Lifeboat was self-limiting. The dodgy fringe banks were split up and taken over or liquidated - whereas QE goes on for ever, aparently.
ska invita
back on the other side
I dont understand that but those are some scary looking graphs
platinumsage
HaveMyPassword123
Funny how lots of people thought the magic money tree was an actual thing during the pandemic.
CH1
"Red Guard"(NLYL)
Surely capital is just a construct - though the inflation part of https://www.channel4.com/programmes/how-to-survive-a-dictator-with-munya-chawawa presumably might have satisfied you with its homely illustration of shopping during hyperinflation.
CH1
"Red Guard"(NLYL)
A negative rather than catastrophic story here:
citywire.com
A comment at the end:
"I don’t think any closed-end funds will be in a position to raise cash to buy these assets from the open-end funds, they’re all sitting on 40-50% discounts."
Property seems to be in negative territory right now.
FT: Property funds sell £1bn London assets as exits mount
Managers of open-ended property funds have placed at least 18 commercial properties up for sale in response to rising redemptions by investors, according to the Financial Times.
citywire.com
"I don’t think any closed-end funds will be in a position to raise cash to buy these assets from the open-end funds, they’re all sitting on 40-50% discounts."
Property seems to be in negative territory right now.
Similar threads
