Urban75 Home About Offline BrixtonBuzz Contact

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.
Click to expand...
No shit! Looks to me like it already has? And the Federal Reserve are to blame. They should've tapered years ago.
 
yield said:
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.
Click to expand...
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
 
gosub said:
Petrol car prices are about to collapse -pretty bad news if you bought a car on finance
Click to expand...
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.
Click to expand...
For sales of electric cars to really take off, there needs to be a widespread and reliable charging infrastructure, which hardly looks imminent.
 
bluescreen said:
For sales of electric cars to really take off, there needs to be a widespread and reliable charging infrastructure, which hardly looks imminent.
Click to expand...
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
 
gosub said:
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
Click to expand...
And anyway we need to be moving away from private cars to public transport.
 
gosub said:
www.wsj.com

Office Vacancies Send Real-Estate Investors to the Exits

Prices of bonds backed by commercial mortgages have recently dropped to levels not seen since the early days of the pandemic.
www.wsj.com www.wsj.com


_______

Petrol car prices are about to collapse -pretty bad news if you bought a car on finance
Click to expand...
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.
 
kabbes said:
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.
Click to expand...
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
 
gosub said:
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
Click to expand...
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
 
kabbes said:
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.
Click to expand...

many car finance/hire purchase loans have a balloon payment at the end, that requires equity in the car to clear at trade-in.
 
pbsmooth said:
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"

www.vice.com

Don’t Live in ‘Pity City,’ Office Chair Magnate Tells Employees Who Want Money

MillerKnoll says a video of CEO Andi Owen telling employees to stop "thinking about what you’re going to do if you don’t get a bonus" was taken "out of context."
www.vice.com www.vice.com
Click to expand...
She sounds a bit culty.
There seems to be a fine line between franchising and cultiness

www.bbc.co.uk

A Very British Cult

Catrin Nye investigates a life coaching company that takes over your life.
www.bbc.co.uk www.bbc.co.uk

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!
 
kabbes said:
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.
Click to expand...
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!
 
kabbes said:
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!
Click to expand...
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!"
 
www.wsj.com

First Republic Bank Shares Sink 49% After Earnings Report

First Republic Bank shares fell sharply Tuesday, a day after it reported first-quarter results that showed a deposit hemorrhage that was worse than expected.
www.wsj.com www.wsj.com


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
 
Last edited:
You must log in or register to reply here.

Similar threads

Jeff Robinson
BBC uncovers a global network of sadistic monkey torturers (TW & CW - horrific descriptions)
2 3 4
Replies
112
Views
5K
NoXion
NoXion
YouSir
Global Fallout from the Ukraine War
Replies
23
Views
2K
not-bono-ever
not-bono-ever
WhyLikeThis
Bread or Blood: Rising cost of food and global unrest
Replies
0
Views
487
WhyLikeThis
WhyLikeThis
U
Afghan Banking System about to collapse
2
Replies
33
Views
2K
Pickman's model
Pickman's model
Sasaferrato
Ireland's healthcare system under attack.
Replies
11
Views
682
souljacker
souljacker
Back
Top Bottom