interestrateripoff

https://www.zerohedge.com/markets/down-rabbit-hole-eurodollar-market-matrix-behind-it-all " Summary The Eurodollar system is a critical but often misunderstood driver of global financial markets: its importance cannot be understated. Its origins are shrouded in mystery and intrigue; its operations are invisible to most; and yet it controls us in many ways. We will attempt to enlighten readers on what it is and what it means. However, it is also a system under huge structural pressures – and as such we may be about to experience a profound paradigm shift with key implications for markets, economies, and geopolitics. Recent Fed actions on swap lines and repo facilities only underline this fact rather than reducing its likelihood " Long article, however the Fed is the buck stop for the entire financial system. A lot of dollars are no longer under its direct control but as the worlds reserve currency the expectation is that the Fed bails out the world. Paging Mr Triffin....

Paper profits?

Calamity Boris will ensure this becomes a calamity.

https://www.dailymail.co.uk/money/markets/article-8212455/Housing-market-expected-fall-sixth-thousands-Britons-lose-jobs.html "The housing market is expected to fall by up to a sixth as thousands of Britons lose their jobs. Yorkshire and East Anglia are expected to be the hardest hit with house prices dropping 16.5 per cent this year. Next come the North-West and West Midlands with 16 per cent falls. The collapse in prices would take up to £38,000 off the price of an average UK home. " 38k off and still unaffordable??

https://www.zerohedge.com/markets/crisis-where-everyone-blameless-missed-rent-mortgages-will-cascade-across-real-estate

A very powerful negative feedback loop.

How do we know that?? The BoE operates in secret.

Isn't this happening indirectly anyway. Govt sells debt to the market. Market sells the debt to BoE. This is better because????

I suggest the govt underwrite house prices by allowing estate agents to agree the sale price, the buyer pays what they can afford and the government makes up the difference. So if the ea price is 300k the buyer can pay 200k with the government picking up the 100k difference. Everyone is a winner and we all avoid collapsing house prices.

https://www.dailymail.co.uk/news/article-8203983/UK-economy-shrunk-0-1-cent-February.html Feb 0.1% contraction due to bad weather...

As stated the magic money tree has been found. It will never be turned off. It hasn't been since 2008. Every time they've tried the unfixed shambolic mess from 2008 rears its head meaning keep on printing. The Fed will never stop until forced by currency collapse. At what point that is reached pick any year.

So when they pay this back at the end of the year will this be by creating Gov't debt to pay off other Gov't debt? Still I'm sure all this debt will create a nice profit for the BoE to give back to the government....

CD3 Can't find CD1 or 2 in a single clip. A different twist from the others.

https://oftwominds.cloudhostedresources.com/?url=https%3A%2F%2Fwww.oftwominds.com%2Fblogapr20%2Fbrittle-rackets4-20.html "An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency. What's remarkable about the lockdown isn't the hue and cry about the economic damage--it's the absence of any critical curiosity as to how our economy became so fragile that only the wealthiest contingent can survive a few weeks on savings or rainy-day funds. A healthy, resilient economy would be able to survive a few weeks of lockdown without a multi-trillion dollar bailout of every racket in the land. A society that wasn't threadbare financially and socially would be able to function and accept individual sacrifices for the common good. Rather than being organized to serve the common good, our economy and social order is little more than overlapping rackets : rigged "markets" operated by quasi-monopolies to enrich the few at the expense of the many; brittle bureaucracies bound by thousands of pages of mindless "compliance" and exploitive neofeudal structures in which debt-serfs are paid just enough to service their debt but not enough to afford skyrocketing costs for housing, healthcare, higher education, childcare, junk fees and taxes....... " The cost of living is aimed at asset stripping people for the benefit of the few. The other side of this is what exactly are the 0.1% doing to repair the damage. They want to hoard the money, with that you automatically get responsibility which they don't actually want.

Maybe everyone has decided they love omelettes?

And the Germans think what to this idea? European unity, will the other member states be implementing this? Under EU rules wont this have to open to all EU workers seeking employment in Spain?

Doesn't say how many jobs lost. "If an insolvent firm wants to cancel its company registration, it needs to go through bankruptcy procedures or show a liquidation report confirming it had no unpaid debt or other obligations. Once shareholders or creditors file for bankruptcy, it can take months for courts to accept the case, followed by a long process of verification, creditors’ meetings and asset sales, said Li Haifeng, a partner at Baker McKenzie FenXun." So does this mean lots of these firms where in trouble prior? How many normally close? Also worth noting China faces its first contraction since 1976..... several generations have never experienced a recession. The risk to the CCP is huge as a crashing global economy may cause large scale social tension in China.

Like reading a book???

Debenhams has always been a dead man walking its debt load killed it years ago. However why waste a good opportunity to prop up other over indebted morons. 20k job losses will panic the Gov't I doubt it will be saved but others be.

The first of many over indebted businesses to fail. Will this provoke a raft of new measures to prop up the zombie apocalypse?

https://www.zerohedge.com/economics/here-comes-next-crisis-30-all-mortgages-will-default-biggest-wave-delinquencies-history According to estimates by Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond. "This is an unprecedented event," said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania. She also points out another way the current crisis is different from the 2008 GFC: "The great financial crisis happened over a number of years. This is happening in a matter of months - a matter of weeks." Did someone just hit the stop button.

Haven't US corporations been funding stock by backs by borrowing money, ie Boeing. By 29 most of the world was already in depression, the US just caught up with everyone else. It's excess finally came unstuck. This time it's completely different in that unlike 29 which hit the US this is going to hit everyone at the same time, in that respect this is nothing like 29. Plus they didn't have a highly integrated financial system and the derivative issue adds in trillions....

Jingle mail is their solution isn't it?