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Global financial system implosion begins



Ah. All fine.

I don't know what Swiss law is like but money tends to be top of the list everywhere else, and I imagine it's no different there. Could be interesting.
 
World Bank warns global economy at risk of lost decade of growth
27/03/2023 World Bank warns global economy at risk of lost decade of growth | Fi…
Fallout from pandemic and war in Ukraine could be exacerbated if financial turmoil sparks recession

Ayhan Kose, who runs the equitable growth, finance and institutions work at the World Bank, said the combination of these factors means “the golden era of development appears to be coming to an end”.

With the bank’s stress on the lasting damage from crises, whether related to health, economics or geopolitics, he said the past two week’s turmoil in financial markets were of great concern for economic prospects now and for the next four to five years.

“What we know is that the slowdown [in global growth prospects] could be much sharper if another financial crisis erupts, especially if it is accompanied by another global recession,” he said.
No shit! Looks to me like it already has? And the Federal Reserve are to blame. They should've tapered years ago.
 
World Bank warns global economy at risk of lost decade of growth
27/03/2023 World Bank warns global economy at risk of lost decade of growth | Fi…
Fallout from pandemic and war in Ukraine could be exacerbated if financial turmoil sparks recession


No shit! Looks to me like it already has? And the Federal Reserve are to blame. They should've tapered years ago.
More than enough blame to go round, but yes, Fed rate start inflationary rate hikes April 2021 with the benefit of a time machine.
More interesting was the not stress testing banks below the $100bil level (though they were the wrong stress tests anyway)

Anyway, new financial year today so the fund managers can stop thinking in terms of pump and dump in order to meet bonuses.

The next Fed rate meeting isn't scheduled till May which seems like a lot of sleeps from here
 
Petrol car prices are about to collapse -pretty bad news if you bought a car on finance
However, for sales of electric cars to really take off, the prices need to come down to make them feel less expensive to drivers, Prof Sodhi says.
For sales of electric cars to really take off, there needs to be a widespread and reliable charging infrastructure, which hardly looks imminent.
 
For sales of electric cars to really take off, there needs to be a widespread and reliable charging infrastructure, which hardly looks imminent.
Personally, the way the deck is stacked, I'd gybe towards hydrogen.

However even without a glut of new cars, second hand are going to get cheaper...cost of living increases + increase in interest rates make car ownship more of a luxury
 
Personally, the way the deck is stacked, I'd gybe towards hydrogen.

However even without a glut of new cars, second hand are going to get cheaper...cost of living increases + increase in interest rates make car ownship more of a luxury
And anyway we need to be moving away from private cars to public transport.
 


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Petrol car prices are about to collapse -pretty bad news if you bought a car on finance
Why is a price collapse bad if you bought a car on finance? You didn’t buy the car as an investment. Either you’re hanging onto it, in which case the second hand price is irrelevant, or you plan to trade in at some point, in which case a global price reduction is a benefit to you.
 
Why is a price collapse bad if you bought a car on finance? You didn’t buy the car as an investment. Either you’re hanging onto it, in which case the second hand price is irrelevant, or you plan to trade in at some point, in which case a global price reduction is a benefit to you.
If you have on to it I agree...if you get rid price reducti9n means it will cover less of the loan that you originally took out
 
If you have on to it I agree...if you get rid price reducti9n means it will cover less of the loan that you originally took out
But you’re still better off if you’re buying a newer one, because what matters is the price differential and that will have shrunk. What you’re alluding to only matters if you’re completely stopping owning a car.
 
Next thing you'll be downplaying is the number of ex pay date Loan people who ended up in car finance. Probably even be shocked if I called it a sub prime bubble (along with commercial real estate. Go back into the the office they're saying, meanwhile ainr this AI a boon they're saying Line go up they're saying .

2 + -2 doesn't equal 4
 
Why is a price collapse bad if you bought a car on finance? You didn’t buy the car as an investment. Either you’re hanging onto it, in which case the second hand price is irrelevant, or you plan to trade in at some point, in which case a global price reduction is a benefit to you.

many car finance/hire purchase loans have a balloon payment at the end, that requires equity in the car to clear at trade-in.
 
wanted to share this video of this horrible woman somewhere.

"Zoom call from a ceo who cancelled all employee bonuses but took a $6.4 million bonus herself"

She sounds a bit culty.
There seems to be a fine line between franchising and cultiness


even political parties can be like that - how may Lib Dems would have given them all their time and money in the 1980s/90s thinking they would make Nick Clegg a multi-millionaire?
The Orangebookers were quick to double their membership fee when things started to go tits up!
 
Thing is, it won’t stay as it is. It could collapse from here, it could rebound and reclaim its recent drop of 5-10%. That’s the big unknown.
That was written on 15 March. So, one month on, I guess that this time’s answer, for now at least, was “reclaim its recent drop”.

Roll up, roll up! What will be the next event to threaten financial Armageddon? Will our intrepid central bankers steer the course or will they perish on the big rocks? Tune in next week, same bat time, same bat channel!
 
That was written on 15 March. So, one month on, I guess that this time’s answer, for now at least, was “reclaim its recent drop”.

Roll up, roll up! What will be the next event to threaten financial Armageddon? Will our intrepid central bankers steer the course or will they perish on the big rocks? Tune in next week, same bat time, same bat channel!
Nah commercial real estate should do it...
System still spongy coz of amount of QE, so more rate hikes on way...


After covid they said build back better...which quickly changed to get back in the office NOW! (Suspect cos of systemic risk to commercial real estate)....Then along comes AI.....
 
I just got this 1998 beauty, revised 2009. Signed by the author. £3.44 incl, P&P.
False Dawn.jpg
Notwithstanding that John Gray thinks ecoism is a fundamentalist cult like Marxism and Christianity he is not above recycling his work!
As RD Laing once said: "My delusion is I think we're all deluded!"
 


Bloomberg has that of their colterol is Hampton real estate.....https://www.hamptonsrealestate.com/eng/sales/the-hamptons-ny-area cos it way backs...http://web.archive.org/web/20210418210242/https://www.hamptonsrealestate.com/eng/sales/the-hamptons-ny-area eta actually The Hamptons Luxury Homes For Sale - 997 Homes | Zillow aints with handy market picture data too
 
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