Urban75 Home About Offline BrixtonBuzz Contact

Global financial system implosion begins

NoXion said:
"clicky" šŸ˜†

Well I guess that's even more true today due to the ageing of the userbase, but I suspect they actually meant to say "cliquey". Also it rhymes with "leek", not "lick".

It would be good to know who they were on here. I reckon the reason they got harsh treatment was because they said something bigoted or stupid. Interesting that they don't elaborate on the reasons they were here.
Click to expand...
Itā€™s all in the linked thread. Apparently, they posted something stupid about seeking drugs and then went on to get all bigoted. So both of your options.
 
Opinion US Treasury bonds
Mincing machine of the bond markets has spread the pain wide
06/10/23 https://archive.ph/4wJbL
The message is finally sinking in that rates are staying high and central banks do not intend to reverse course
That kind of fundamental rethink has taken hold because of the scale of the market ructions. Government bond prices have been under pressure all year as rates have cranked higher, but recently something snapped. At the start of this week, yields on benchmark 10- and 30-year US government bonds vaulted to the highest levels since 2007, with some volatile intraday shifts.
Click to expand...
ā€œIf Tuesday was market chaos, Wednesday was chaos on a trampoline on drugs,ā€ wrote Rabobankā€™s Michael Every. ā€œThis is the primus inter pares of global bond markets which everyone everywhere in the world has to look to for the cost of borrowing, and itā€™s trading like a penny stock.ā€
Click to expand...

Wall Street Isnā€™t Sure It Can Handle All of Washingtonā€™s Bonds
Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market
Oct. 8, 2023 https://archive.ph/2uKZE

Bond vigilantes something something.
 
Japan's been selling.

Also those latest jobs...government took on a lot of people...private sector shedding. Still, Congress gets to revist the issue just before Thanksgiving.
I think it was Bill Maher, during the shutdown under Trump, who pointed out how quickly these federal employees were reliant on food banks. Savings have tanked since then and credit card bills have soared.

And theres an election coming up
 
BoE statement

Published on 08 October 2023
Statement Please see below a Prudential Regulation Authority spokesperson quote:ā€œThe Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen itscapital position.ā€Ā©2023 Bank of England

thats it
 
CH1 said:
Sky papers says The Times thinks a buyer needs to be found by opening time tomorrow (Monday 9th Oct)
Not sure why - the customers are guaranteed up to Ā£85,000 anyway.
Click to expand...
Basel ratios. If you fortunate enough to >85k about at the mo is not the time to be chasing highest rates...NS&I is doing some useful cover.

600mil iDd and a week of assessing variety of options...BoE wanted clarification of approach by opening looks like they got it
 
There are always parallels with anything you want to compare to, if you just look at enough metrics and ignore the ones that donā€™t help your story. Do I think that asset prices could collapse? Of course I do. Thereā€™s always that possibility. But do I think that things are like 1987? Not even close.

That article suggests that yields have been rocketing up to unprecedented highs. They havenā€™t, theyā€™ve just been returning to the relatively low rates they were at pre-2007, before we had 15 years of unprecedented low rates. That still causes a lot of pain, because debt had adjusted to the historically low rates. But it is still an important difference to the 1980s. And meanwhile, equities are a way below their own peak values, because this change in yield has also been recognised by the markets. So itā€™s not like people havenā€™t already recognised the change in economic circumstances and changed their valuations accordingly.

I could say a lot more but it feels pointless because weā€™ve been having these conversations for 15 years. Instead, Iā€™ll just note that the Telegraph piece has a transparent political agenda. It is arguing that governments need to reduce their spending, with a hint of ā€œand Truss was rightā€ in its message. So they donā€™t really care whether the situation actually parallels 1987. They just want to cherry-pick some data to scare up support for their politics.
 
I read that telegraph article last night, and much of the financial stuff goes over my head, but it was obvious even to me that it was an agenda-laden piece, especially when you get to the end and it says stuff like
State spending has grown exponentially, much of it paid for by printed money. Regulation has been endlessly increased. Governments have been captured by lobby groups, and corporations have fallen under the sway of ideologically driven managers committed to social values instead of innovation and growth.
Click to expand...

It may well mark the point at which two decades of relentless government expansion, increased welfare entitlements, and soaring debt levels, all of it financed by cheap money, starts to unravel. Governments, corporations and households will all have to start living within their means again, and growth will only be possible through greater innovation and productivity instead of through printed cash.
Click to expand...

I actually scrolled back to the top of it to see whether it was presented as an opinion piece or not.
 
gosub said:
https://www.telegraph.co.uk/business/2023/10/08/britain-heading-another-black-monday-stock-market-crash/
Click to expand...
Apparently stocks are up this morning - and the Colombians now have control of Metrobank.
Party people know where to bank now!

P.S. How do you get those "archive" format Telegraph & FT links? Just send us a link to the instructions?
I was forced to sign up to Reuters today (free so far). I had run out of free articles they said.
This was good (conspiracy about Klaus Schwabb rather than Global apocalypse though)
Fact Check-Inaccurate WEF Founder Klaus Schwab family tree shared online
 
CH1 said:
Apparently stocks are up this morning - and the Colombians now have control of Metrobank.
Party people know where to bank now!

P.S. How do you get those "archive" format Telegraph & FT links? Just send us a link to the instructions?
I was forced to sign up to Reuters today (free so far). I had run out of free articles they said.
This was good (conspiracy about Klaus Schwabb rather than Global apocalypse though)
Fact Check-Inaccurate WEF Founder Klaus Schwab family tree shared online
Click to expand...
go to: https://archive.ph/ and enter the url of the article you want to read (or check in the search box if it has already been archived)
alternately with free articles limits: right click on the article link and open in an incognito window, the limits reset after you close that window.
 
  • Like
Reactions: CH1
yield said:
Opinion US Treasury bonds
Mincing machine of the bond markets has spread the pain wide
06/10/23 https://archive.ph/4wJbL
The message is finally sinking in that rates are staying high and central banks do not intend to reverse course



Wall Street Isnā€™t Sure It Can Handle All of Washingtonā€™s Bonds
Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market
Oct. 8, 2023 https://archive.ph/2uKZE

Bond vigilantes something something.
Click to expand...
www.ft.com

Bank of America nurses $100bn paper loss after big bet in bond market

Sum more than double the cost to other US lenders that channelled flood of deposits to cash
www.ft.com www.ft.com

Given that still going through the biggest bond tout in history. Can't imagine their figures on 17th are going to be much better this time round. Cours3 it's only a problem if they HAVE to sell.
Incident lying Berkshire Hathaway has a controlling intrest in BoA...Buffets comment about last year about cooked books springs to mind
 
teuchter said:
I read that telegraph article last night, and much of the financial stuff goes over my head, but it was obvious even to me that it was an agenda-laden piece, especially when you get to the end and it says stuff like




I actually scrolled back to the top of it to see whether it was presented as an opinion piece or not.
Click to expand...
If Jerome Powell was flagging how unsustainable US debt was in 2019 (as he was), hard to see how, with it having ballooned its just 'opinion'.

My opinion ...they can't get to the US election without something popping...though Powell will pretend to wrestle with inflation whist Yelland prints money to buy votes
 
Federal Reserve warns of growing geopolitical risks to global financial system
US central bank says Middle East conflict and war in Ukraine threaten ā€˜spilloversā€™ to markets
FT. 20/10/23 https://archive.ph/3uJqh
In its latest twice yearly Financial Stability Report, the US central bank flagged the potential for ā€œbroad adverse spillovers to global marketsā€ in the event that the Middle East conflict and the war in Ukraine intensify or stresses emerge elsewhere.
Click to expand...
ā€œEscalation of these conflicts or a worsening in other geopolitical tensions could reduce economic activity and boost inflation worldwide, particularly in the event of prolonged disruptions to supply chains and interruptions in production,ā€ the report said.
Click to expand...
Yet war is good for business?
 


This time last year, when the volitity index was also having a wobble, a bank was in trouble (though lied thru before collapsing in the spring).
Market rallied on optimism of China rebooting and AI.... AI while longterm is a game changer it's a game changer same way dotcom boom was...not all of it will fly. The bears were right on China

Usually tis is about the time the Santa's Claus rally starts (and historically is usual even earlier Oct b4 Presidential election). Going to be an intresting week as we come out of dark patch and the corporate begin aligning their books.

Especially since US tested a barrier by close last Friday and didn't find support...you have to go back to March to find resistance levels similar to testing the 200day moving average.
 
gosub said:
Click to expand...

Bloody hell - 41,000 views!
Place your hand on this Television set and pray HEAL!!! (and send the $1,000 fee to Maverick)

this Reddit comment seemed apt - I endose this:
Complex-Lychee-6842
Ā·5 mo. ago
don't like that dude, is permabear and calling, or at least indicating a crash almost every video, he has been doing this since January, obviously he is wrong and keep searching for any reason to prove he is right, he is also very convincing.
hate that he ridicules everybody, calls morons everybody (cause they didn't let the market fail), the private discord is full of people parroting him
 
CH1 said:
Bloody hell - 41,000 views!
Place your hand on this Television set and pray HEAL!!! (and send the $1,000 fee to Maverick)
Click to expand...
Is that what he's charging - bloody hell. Listened to him since prior to he monetised. Always found some resonance..he's not right on everything Japan has more US T's than China for a start. and it the 200 day that was the sig one. BUT he's not stupid and he's right that wars have to be paid for. But a grand don't come for free if you are that way inclined that Bravo fella is probably the canny one.. that guy can surf
 
kabbes said:
I think that the ECB have this one right.
Click to expand...
I rather think about real world lags on crashing rates..central banks are players but they aren't THE market.

Choppy no matter what..but of the shit shows ECB is showing some helmsmanship...US? Hell of a time to do an acoustic set
 
gosub said:
Is that what he's charging - bloody hell. Listened to him since prior to he monetised. Always found some resonance..he's not right on everything Japan has more US T's than China for a start. and it the 200 day that was the sig one. BUT he's not stupid and he's right that wars have to be paid for. But a grand don't come for free if you are that way inclined that Bravo fella is probably the canny one.. that guy can surf
Click to expand...



Ain't the 5 year Fed' s been focused on (2 year). Also congrats on getting a speaker...didn't like the workaround I had my head. In other news Contry Garden came clean it defaulted on outstanding $ repayments and Xi visited Chinas cemtral bank even Mao never did that
 
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
500
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
700
souljacker
souljacker
Back
Top Bottom