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Banking Crisis Part 2

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Waffling on about libor, and how it's been increasing the last 4 weeks in particular.

They seem to be saying a soverign debt crisis is heading our way.

So much for the unexpected recovery.

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Yup; Peston was in TFH mode alright. Noted that LIBOR was on a systemic rise and opining that if the last banking crisis (lending to individuals and companies) was followed by a new one (lending to governments), that there'd be no money for a second bailout.

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Yup; Peston was in TFH mode alright. Noted that LIBOR was on a systemic rise and opining that if the last banking crisis (lending to individuals and companies) was followed by a new one (lending to governments), that there'd be no money for a second bailout.

Markets are pricing in the additional risk of no longer having a world statesman of the year like Brown on the scene to lock in the global recovery. The british electorate has alot to answer for getting rid of the expert who had saved the world, now the world will suffer the consequences of British shortsightedness

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TED spread rising...but just click on the 3Y version to get some perspective.

http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND

phew - thank goodness for that.

Economists are usually so right when they are predicting the long term trends.

Just ride out the huge spikes in between, then all will be good.

Alternatively, they might just be thinking the market will be destroyed within 3 years.

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Markets are pricing in the additional risk of no longer having a world statesman of the year like Brown on the scene to lock in the global recovery. The british electorate has alot to answer for getting rid of the expert who had saved the world, now the world will suffer the consequences of British shortsightedness

Who?

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Guest theboltonfury

My Bed Spread was a mess today.

Hand partying at the thought of Banking Crisis II?

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Markets are pricing in the additional risk of no longer having a world statesman of the year like Brown on the scene to lock in the global recovery. The british electorate has alot to answer for getting rid of the expert who had saved the world, now the world will suffer the consequences of British shortsightedness

I have to assume this is pure sarcasm (if not then you are a lost case...).

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Who?

I think the 'who' is the the Idiot-Boy Gormless Brown ?

It's amazing how fast he's slipped out of the limelight. Personally I think the media should take every opportunity should be to point out the slob's incompetence. It's just amazing that the he amassed as many votes as he did in the election but it just goes to show how dumb many of the people are in this country if they are willing to vote for the cause of all their debt and problems !

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I think the 'who' is the the Idiot-Boy Gormless George ?

It's amazing how fast he's slipped into the limelight. Personally I think the media should take every opportunity should be to point out the slob's incompetence. It's just amazing that the he amassed as many votes as he did in the election but it just goes to show how dumb many of the people are in this country if they are willing to vote for the cause of all their debt and problems !

:lol:

Edited by flapjack

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I think the 'who' is the the Idiot-Boy Gormless George ?

It's amazing how fast he's slipped into the limelight. Personally I think the media should take every opportunity should be to point out the slob's incompetence. It's just amazing that the he amassed as many votes as he did in the election but it just goes to show how dumb many of the people are in this country if they are willing to vote for the cause of all their debt and problems !

:lol:

What was were the levels of personal and government debt in 1997.

What are they now?

First major bank runs in 200 years.

Wake up.

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Markets are pricing in the additional risk of no longer having a world statesman of the year like Brown on the scene to lock in the global recovery. The british electorate has alot to answer for getting rid of the expert who had saved the world, now the world will suffer the consequences of British shortsightedness

We sure are going to miss our Leader who had six fingers and the ability to write budgets in base 12.

http://www.sydhav.no/sixfingers/sixfingers.htm

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The Telegraph is now taking up the theme...

Excerpt:

Already interbank lending rates – the rates at which banks lend to each other – are back at elevated levels. True enough, spreads are not yet nearly as wide as they were in the immediate aftermath of the Lehman Brothers collapse, but after a brief return to normality, they have been moving steadily higher for some months now. Those banks flush with excess deposits, such as HSBC, are again being extra careful who they lend to.

Nor is this just about the sovereign debt crisis in the eurozone, though plainly it doesn’t help matters. German and French banks are particularly exposed to Greek sovereign debt. If you include Portugese and Spanish debt, then exposures are bigger still.

But the wider concern is that the austerity being demanded of all economies in Europe will tip them back into recession and thereby cause a new round of conventional bad debts. Liquidity is being withdrawn in anticipation.

Just as everyone thought the banking crisis largely over, it threatens to begin anew. The banking crisis helped prompt a sovereign debt crisis, which now threatens to reinfect the banking sector with a secondary bad debt experience. Markets are beginning to believe there is no way out. More worrying still, few if any can afford another round of bank bailouts.

There’s still room for confidence to revive and the problem to go away, at least for the time being. But it’s not looking good, not good at all.

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I think the 'who' is the the Idiot-Boy Gormless Brown ?

It's amazing how fast he's slipped out of the limelight. Personally I think the media should take every opportunity should be to point out the slob's incompetence. It's just amazing that the he amassed as many votes as he did in the election but it just goes to show how dumb many of the people are in this country if they are willing to vote for the cause of all their debt and problems !

Didn`t know there were so many independent candidates running?

Edited by dances with sheeple

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Markets are pricing in the additional risk of no longer having a world statesman of the year like Brown on the scene to lock in the global recovery. The british electorate has alot to answer for getting rid of the expert who had saved the world, now the world will suffer the consequences of British shortsightedness

You joke, but how long until Ed B0llocks claims this with a straight face? :unsure:

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The Telegraph is now taking up the theme...

The last crisis caused a 20% house price drop in just over a year. Let's hope the next one does at least the same but without breaking the system completely.

Current events do have the feeling of another big one. Fear seems to be winning.

VMR.

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The last crisis caused a 20% house price drop in just over a year. Let's hope the next one does at least the same but without breaking the system completely.

Current events do have the feeling of another big one. Fear seems to be winning.

VMR.

the fall in house prices will be a symptom of a broken system. not a cause.

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Markets are beginning to believe there is no way out.

So for all the concerns that it would be physical resource shortages that would bring us down, it turns out that the trigger may be the lack of something once considered infinite- greater fools. We have reached the point where there is simply no one left for the banksters to steal from.

We are about to be drowned in an ocean of funny money debt conjured into existence to provide bonus payments for idiots. :lol:

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This was always going to happen. As soon as the election finished the lies could stop. The media owners were desperate that us ordinary folk got the bill for the bank fraud and knew Dave was the man for that job. Well now he's in post. (And proving a little disappointing for the super rich I think - a damn good thing). Now we can begin to soften up the public for the reality of what comes next. first some twaddle about saving an insignificant sum of money (done that today) Then a slow drip feed of the truth that this sum of money is a total pointless p1ss in the ocean (today's Indy front page).

Next comes "oh sh1t" which will be prefaced by a good dose of crap about how its Gordon's legacy (Dave today in parliament)

After that comes?? HPC and financial meltdown? 30% unemployment? further sterling devaluation? 30% VAT? Take your pick.

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This was always going to happen. As soon as the election finished the lies could stop. The media owners were desperate that us ordinary folk got the bill for the bank fraud and knew Dave was the man for that job. Well now he's in post. (And proving a little disappointing for the super rich I think - a damn good thing). Now we can begin to soften up the public for the reality of what comes next. first some twaddle about saving an insignificant sum of money (done that today) Then a slow drip feed of the truth that this sum of money is a total pointless p1ss in the ocean (today's Indy front page).

Next comes "oh sh1t" which will be prefaced by a good dose of crap about how its Gordon's legacy (Dave today in parliament)

After that comes?? HPC and financial meltdown? 30% unemployment? further sterling devaluation? 30% VAT? Take your pick.

Yawn

Just another bitter Labour supporter

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  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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