Itās 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."clicky"
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.
Global financial system implosion begins
- Thread starter Falcon
- Start date
NoXion
Craicy the Squirrel
Imagine my lack of surprise.
The 2019 FT article is the commercial loan one that kabbes asked about.
wemakeyousoundb
hopefully not gimboid
fair enough, hadn't read wha the post was a reply to.
Seems like they got an offer for recapitalisation at the moment.
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 Isnāt Sure It Can Handle All of Washingtonās 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.
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 Isnāt Sure It Can Handle All of Washingtonās 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.
gosub
~#
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
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
not-bono-ever
meh
BoE now looking for buyers for metro
CH1
"Red Guard"(NLYL)
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.
not-bono-ever
meh
BoE statement
Published on 08 October 2023
Statement Please see below a Prudential Regulation Authority spokesperson quote:āThe Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen itscapital position.āĀ©2023 Bank of England
thats it
Published on 08 October 2023
Statement Please see below a Prudential Regulation Authority spokesperson quote:āThe Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen itscapital position.āĀ©2023 Bank of England
thats it
Bingoman
Well-Known Member
I bet Sunak and Hunt didn't predict this
There are always parallels with anything you want to compare to, if you just look at enough metrics and ignore the ones that donāt help your story. Do I think that asset prices could collapse? Of course I do. Thereās 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 havenāt, theyāve 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 itās not like people havenāt already recognised the change in economic circumstances and changed their valuations accordingly.
I could say a lot more but it feels pointless because weāve been having these conversations for 15 years. Instead, Iāll 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 āand Truss was rightā in its message. So they donāt really care whether the situation actually parallels 1987. They just want to cherry-pick some data to scare up support for their politics.
That article suggests that yields have been rocketing up to unprecedented highs. They havenāt, theyāve 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 itās not like people havenāt already recognised the change in economic circumstances and changed their valuations accordingly.
I could say a lot more but it feels pointless because weāve been having these conversations for 15 years. Instead, Iāll 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 āand Truss was rightā in its message. So they donāt really care whether the situation actually parallels 1987. They just want to cherry-pick some data to scare up support for their politics.
teuchter
je suis teuchter
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.
I actually scrolled back to the top of it to see whether it was presented as an opinion piece or not.
CH1
"Red Guard"(NLYL)
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
wemakeyousoundb
hopefully not gimboid
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.
gosub
~#
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
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
gosub
~#
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
gosub
~#
Bank of America's unrealized losses hit $131.6 billion on securities
With the ongoing inflation, Bank of America has reported its unrealized losses that total a staggering $131.6 billion on securities. Will the bank collapse?
www.cryptopolitan.com
Federal Reserve warns of growing geopolitical risks to global financial system
US central bank says Middle East conflict and war in Ukraine threaten āspilloversā to markets
FT. 20/10/23 https://archive.ph/3uJqh
US central bank says Middle East conflict and war in Ukraine threaten āspilloversā to markets
FT. 20/10/23 https://archive.ph/3uJqh
Yet war is good for business?
gosub
~#
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.
not-bono-ever
meh
Backwardation rampant
CH1
"Red Guard"(NLYL)
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
gosub
~#
ECB set to take its foot off the brake in Athens
As Israel attacks add to uncertainty, ECB will stress data dependence while zooming in on balance sheet debate.
US minium reserve requirements appear to be a bit different
gosub
~#
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
gosub
~#
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
~#
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
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