Politics

[Wheels]

 

[Wheels]

 

[Wheels]

 

[jpr9954]

 

[Major Bonkers]

News from the Ukraine:

Written off in advance - How an untrained and unarmed 'platoon' of new conscripts from Moscow was decimated near Svatove

Partisan/ special forces sabotage of railway logistics

 

[steve white]

View attachment 496764

So where is credit Suisse stock at this point?

 

[Wheels]

So where is credit Suisse stock at this point?

The stock is down but it isn't so much the stock. The Fed is jacking up interest rates to stem inflation. The interest is killing banks and sovereigns debt/bond positions. Higher interest rates means owned debt/bonds, especially long term have lost significant value and banks are becoming insolvent. BOJ is in major trouble. BOE problems just cost the Prime Minister her job.(In reality BOE just replaced the PM of the UK with someone they liked better. We now know who really runs the UK) Earlier this month the Fed sent billions to the Swiss central bank to bail out Credit Suisse. Deutsche Bank is in just as bad of shape. A number of other "too big to fail banks" are close to the same position. Put another way, if the major banks of the world had to "mark to market" right now, they would all probably be insolvent.

The world has way too much debt for the people of the world to service. Especially at rising interest rates. The world can handle a stock crash. The debt markets are much bigger than the equity markets. If the debt markets crash, the derivatives markets crash. If those go down, the world as we know it will change in ways we can't even imagine.

 

[RTG]

A Canadian without the vaccination can't enter America at a border crossing, yet over 2 million illegals can cross the southern border with impunity.

View attachment 496760

Your crossing over won't help the left destroy the United States of America. It's not mindless stupidity, it's a calculated attack.

 

[Wheels]

So where is credit Suisse stock at this point?

Just published since my post.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Ray B]

A clarification for something that may not be intuitive- the reason a bank would suffer loss when interest rates go up is the pricing system for the loans. Think US Savings Bond. A $25 bond could be purchased for $18.75. The bank bought the bond for $18.75 and on maturity it paid $25; so the $18.75 investment earned $6,25. This was over several years, but to keep it simple let's say it was one year so the interest rate was about 33%. Then the interest rate goes to 50%. The value at maturity, $25 stays the same, so less investment is needed; purchase price is now $16.67. The price of the bonds that the bank bought at $18.75 are now valued at $16.67 a loss of more than $2.

A person that bought a bond for $18.75 and kept it would still get the $25 on maturity, but the banks are buying and selling based on present value, so just because the bonds "went on sale" means they lose.

 

[cpr0312]

 

[wesheltonj]

I would not bet against Credit Swiss. Too big to fail and the Swiss no national pride will pump money into the bank. It’s a buy to me, dirt cheap, it’s BOA 6 years ago.

 

[jpr9954]

 

[steve white]

The stock is down but it isn't so much the stock. The Fed is jacking up interest rates to stem inflation. The interest is killing banks and sovereigns debt/bond positions. Higher interest rates means owned debt/bonds, especially long term have lost significant value and banks are becoming insolvent. BOJ is in major trouble. BOE problems just cost the Prime Minister her job.(In reality BOE just replaced the PM of the UK with someone they liked better. We now know who really runs the UK) Earlier this month the Fed sent billions to the Swiss central bank to bail out Credit Suisse. Deutsche Bank is in just as bad of shape. A number of other "too big to fail banks" are close to the same position. Put another way, if the major banks of the world had to "mark to market" right now, they would all probably be insolvent.

The world has way too much debt for the people of the world to service. Especially at rising interest rates. The world can handle a stock crash. The debt markets are much bigger than the equity markets. If the debt markets crash, the derivatives markets crash. If those go down, the world as we know it will change in ways we can't even imagine.

So is it a good time for predatory investment in too big to fail?

 

[Brent in Az]

Elon Musk has officially taken control of Twitter, and promptly got rid of the CEO and CFO.
I've never had a Twitter account, and never will, but I would love to see the look on these woketard faces, as they crap in their Liberal panties when they find out what it feels like to be cancelled.

I heard he is going to layoff approximately 5500 Twitter employees.

 

[marksman]

a good explanation of why the price of fuel is up,
for those who still think its because of the proxy war in Ukraine
lets go Brandon

"The oil war between the United States and OPEC has begun. And unfortunately, there will likely be casualties in the form of our wallets being pinched again. The United States is now draining the SPR: its Strategic Petroleum Reserve. This is the nation's emergency store of oil, that it has set aside to use in times of crisis. The only thing is, there isn't really a major crisis that's going on, only the US government trying to keep prices low for the public. This is playing right into the hands of OPEC, the world's major oil cartel controlling the vast majority of our oil production. OPEC has the ability to heavily manipulate the supply, meaning they can drive up prices. And the worse the pricing situation gets, the more the USA will dip into the SPR, and the more control OPEC will have."

 

[steve white]

a good explanation of why the price of fuel is up,
for those who still think its because of the proxy war in Ukraine
lets go Brandon

"The oil war between the United States and OPEC has begun. And unfortunately, there will likely be casualties in the form of our wallets being pinched again. The United States is now draining the SPR: its Strategic Petroleum Reserve. This is the nation's emergency store of oil, that it has set aside to use in times of crisis. The only thing is, there isn't really a major crisis that's going on, only the US government trying to keep prices low for the public. This is playing right into the hands of OPEC, the world's major oil cartel controlling the vast majority of our oil production. OPEC has the ability to heavily manipulate the supply, meaning they can drive up prices. And the worse the pricing situation gets, the more the USA will dip into the SPR, and the more control OPEC will have."

Gee, if only we had any natural resources of our own, or maybe if Canada only had oil sand or shale, or maybe if our leaders had access to a pipeline or something...gee...

 

[Newboomer]

Gee, if only we had any natural resources of our own, or maybe if Canada only had oil sand or shale, or maybe if our leaders had access to a pipeline or something...gee...

Maybe (hope, hope) this will be the straw that breaks the commucrat party's back. Big enough backlash might shake something or someone out.

 

[marksman]

Gee, if only we had any natural resources of our own, or maybe if Canada only had oil sand or shale, or maybe if our leaders had access to a pipeline or something...gee...

do you mean "if only we had any natural resources of our own that the Democrat party following the orders of their masters in the deep state did not stop the use of for BS climate change reasons?"

 

[Ray B]

The question is the results of OPECs Cost/Benefit information. do they think they are better off with continuation of current politics in USA or a change to Republican control. My guess is they see continuation of demonRats, at least until the collapse of the world economy. As such their incentive would be to keep the oil prices stable or slightly lower until after the election in hopes the Ds would retain control. After the election OPEC would be free to squeeze the life out of the US/Europe economy and very little could be done until something would change the federal policies regarding oil production. Either way, i expect gas to get to $10/gal within a year. Hope I'm wrong.