Anyway, might well improve when all these re-insurers transfer their funds into NZ to cover the flood damage claims. Never mind, they will get their money back over time by increasing the premiums.
I recon increasing tourism / migration and a handful of good harvest might help as well.
that decimated harvest in cyclone affected areas could in part take years to track back up to
pre-cyclone levels, and then there's infrastructure repair/replacement to do first
Share price is down 60% this year and market cap is now just $US10b which isn't a lot for the world's 6th biggest investment bank. They lost a lot on some poor private equity lending and now their credit default swaps are nearing GFC levels.
The cuckoo clock bankers should have stuck with their traditional specialty.
Taking money no questions asked from money launderers tax cheats and third world despots. Converting it to Swiss Francs at unfavorable rates then punishing them mercilessly with high fees.
But they wanted to be masters of the universe.(1)
Boop boop de do
Marilyn
The term "masters of the universe" is a term used by Tom Wolfe in his novel Bonfire of the Vanities to describe traders from Wall Street Banks
looks like the carnage is just in financials and commodity and oil stocks today probably why the asx is looking like a weak day.
com services , utilities and bonds had a flight to safety
thx to the saudi comment they are all freaking out lol
guess all this means recession everywhere is coming quicker now , look at oil plummeting pricing it in
As long as inflation is under control, a small recession is just what the doctor ordered. But is inflation under control? Increases in benefits etc, near full employment, pressure for wage growth - seems a bit early to think we have tamed inflation. Can interest rates keep going up while banks are failing because of increasing interest rates?
As long as inflation is under control, a small recession is just what the doctor ordered. But is inflation under control? Increases in benefits etc, near full employment, pressure for wage growth - seems a bit early to think we have tamed inflation. Can interest rates keep going up while banks are failing because of increasing interest rates?
all this bank stuff happening making fed job easier cause its tightening conditions more. banks will lend less now going forward further tightening things up.
money supply negative , in all history when goes negative points to recession for sure
curve steepning again from being heavily inverted , in all history this has led to recession
the stock market has never bottomed in all history before recession so further to go down yet
im picking powell go 25 still with changed outlook , cause who knows what will happen with banks going forward could be still more blow - ups as we go into recession
be fascinating what ecb does tonight in there rate dicision , could be volatilty abound again
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