'It'll wipe out the world' - new crash fears as $80trillion 'goes missing

[Blackwater Lunchbreak]

The article is bullshit. The ‘quote’ is unattributed and the BIS made no such conclusion.

The actual story:

https://www.reuters.com/markets/curr...nt-2022-12-05/

This is people taking in deposits essentially in unregulated banks," Shin said, adding it was largely about the unravelling of large leverage and maturity mismatches, just like during the financial crash more than a decade ago.

you've offered a distinction without a difference.

[evince]

The article is bullshit. The ‘quote’ is unattributed and the BIS made no such conclusion.

The actual story:

https://www.reuters.com/markets/curr...nt-2022-12-05/

Thanks


The right sure didn’t heed the real signs of a crash in 2007 and 2008



They trashed me non stop for predicting it coming


Then denied I showed them the evidence of it coming for a couple of years before it happened


The right sucks at economic management and prediction

[evince]

This is people taking in deposits essentially in unregulated banks," Shin said, adding it was largely about the unravelling of large leverage and maturity mismatches, just like during the financial crash more than a decade ago.

you've offered a distinction without a difference.

Show us the posts where you correctly predicted any economic condition asshole



You suck at it

[Nordberg]

I have been reading that China committed the same mistakes we did in 2008. They gave the ability for companies to build homes, apartments, and even cities on borrowed money. Now they are empty and they have no renters. The huge builders are crashing. The banks are too.

[Blackwater Lunchbreak]

Show us the posts where you correctly predicted any economic condition asshole



You suck at it

the reuters article is also predicting a collapse.

you cannot fucking read.

[evince]

the reuters article is also predicting a collapse.

you cannot fucking read.

You got confused


Reread the thread idiot


You are making no sense

[Blackwater Lunchbreak]

You got confused


Reread the thread idiot


You are making no sense

get a point.

[evince]

I have been reading that China committed the same mistakes we did in 2008. They gave the ability for companies to build homes, apartments, and even cities on borrowed money. Now they are empty and they have no renters. The huge builders are crashing. The banks are too.

They want the benefits of a capitalist society while trying to keep an authoritarian dictatorship



It completely destroys the self regulating benefits of a capitalist society can produce with good regulation and a proper tax structure

[evince]

get a point.

Shove your lame ass pointed head back up your ass

[Concart]

Thanks


The right sure didn’t heed the real signs of a crash in 2007 and 2008



They trashed me non stop for predicting it coming


Then denied I showed them the evidence of it coming for a couple of years before it happened


The right sucks at economic management and prediction

Around August of 2007, one of the nutters started a thread called 'What's green and makes liberals cry'. The answer was 'the stock market'.

So I feel ya. They sucked at making predictions back then. They still do.

[Concart]

From the Reuters article:

"The BIS, dubbed the central bank to the world's central banks, also said in its latest quarterly report that 2022's market upheaval had largely been navigated without major issues."

Assclown can't read, write or think. He is yet another fucking moron".

[evince]

The Republican Austrian school of economics is a sham set of idiot ideas



They fail the people every time they are implemented


Look at Enron


It fails every time


But the wealthy and corporations love a boom bust economy


They can make money coming and going


It consolidates the money at the top

[NiftyNiblick]

With Armageddon an apparent certainty, it would appear that the time to party is now, no?

[Blackwater Lunchbreak]

Shove your lame ass pointed head back up your ass

the economy is a huge bubble. you're dumb if you don't get it.

[Blackwater Lunchbreak]

With Armageddon an apparent certainty, it would appear that the time to party is now, no?

that's a hard yes.


smoke em if u got em.