BIG SHORT ll

[shtferbrains]

This is the jest of Janet Yellen's comments this week; Financial markets are functioning normally. The U.S. will likely dodge a recession. Inflation is too high, ie; rates will continue to climb. Basically, nothing to see here.

Guess we can all relax now . . . .

Did she not also suggest that Climate Change is one of the biggest risks to the economy due to damage repair from severe storms.

Our own leadership appears to be focusing as much attention as possible in that direction.
Mr Treudau proclaimed if some houses sustained damage in the recent storm and caused financial difficulties for the owners the solution is stricter building codes for the entire population.

Government mandates fix all problems.

I wonder if the journalist noticed our currency crashing?
Can they refer to the WEF playbook for their next move?
Or just bleat louder about climate change?

[errolanderson]

It’s now being called ‘a financial accident.’ Bank of England saving the day (for one day) this week. Talk on the street, Fed rate hikes about over. Will Fed restart money printing and cut rates early 2023?

‘Mess’ doesn’t describe central bank policy right now.

[jazz]

Can you enlighten us errol, why do pension funds have margins calls. Thats a new one to me.

Or is it because these plans have more liabilities than assets like our own CPP which is technically insolvent.

[errolanderson]

Can you enlighten us errol, why do pension funds have margins calls. Thats a new one to me.

Or is it because these plans have more liabilities than assets like our own CPP which is technically insolvent.

jazz, google uk bond pension fund margin calls . . . then you will be enlightened.

[errolanderson]

U.S. Fed announces EMERGENCY closed door meeting on Monday.

Believe they are calling it the ‘OOPPPs’ meeting . . . .

[errolanderson]

Credit Suisse major rumblings of possible insolvency. Lehman-type moment?

Might explain Fed emergency meeting. Systemic bank risk. Are U.S. pension funds at-risk? Just last week, Yellen and Fed couldn’t smell any smoke . . . .

[TOM4CWB]

Credit Suisse major rumblings of possible insolvency. Lehman-type moment?

Might explain Fed emergency meeting. Systemic bank risk. Are U.S. pension funds at-risk? Just last week, Yellen and Fed couldn’t smell any smoke . . . .

The sustained global chorus of disapproval of continued Hawkish rhetoric...BOE problems... Pound/US$/Euro credit capitulation... Yen Yuan weakness... The continued reminders about how wrong the Fed was a year ago... recent comments about recession and the impact landing speed of decline of the US and Global economies... while Putin threats increased for a nuclear WW3...

Crazy time for Powell/Fed to insist on keep pounding the US$ unrelentingly higher... the 2 percent inflation target is now meaningless... transitory inflation... now 'sticky' soon to be Powell's new 'Growth Recession'... the Fed infallibility illusion complex... dizzy with all the spinning smoke and mirrors... someone... quick, call a Dr....

[errolanderson]

Tom, ZOMBIE companies that shouldn’t exist and totally held up by money printing are simply going to disappear, go bust. The incoming corporate bankruptcies will be staggering as the true housecleaning begins . . . .

[biglentil]

Tom, ZOMBIE companies that shouldn’t exist and totally held up by money printing are simply going to disappear, go bust. The incoming corporate bankruptcies will be staggering as the true housecleaning begins . . . .

And then when the banks get bitten by zombie debt?

[jazz]

And then when the banks get bitten by zombie debt?

Japanese zombie companies and banks have been alive for 30+ yrs.

Lots of plate spinning behind the scenes keeping this afloat maybe for a long time yet.

[biglentil]

I think Trudeau is itching to use the bail in legislation he put on the books in 2016. Give every saver a haircut 'for the greater good'. Maybe even cause a bank run. In the spirit of letting no crisis go to waste, CBDC and UBI will be the proposed solution. In the fine print will be the elimination of property rights.

[ajl]

Tom, ZOMBIE companies that shouldn’t exist and totally held up by money printing are simply going to disappear, go bust. The incoming corporate bankruptcies will be staggering as the true housecleaning begins . . . .

Zombie companies include most farming operations today including my own. So long as their is land inflation, we are good to go for another year.