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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:Quote:......the European Central Bank has instituted negative interest rates for member banks. This could soon spread to the US and also to consumer accounts. If so, you would find money taken out of your bank account each quarter unless you spend it. Some observers think that in the US at least it will start with higher account fees, which will be stealth negative interest rates, and then move to overtly negative rates. Quote:The idea is that if low rates are not yet persuading you to spend, then why not punish you even more for saving. To make this more effective, there would also be a push for all electronic money, to keep you from stashing any away from the confiscation agents. More The Banker is clearly out of sorts. You can't force consumption to happen. It has to be a psychological trigger. How do you force banks to lend when there is no demand? If banks still think lending is risky, how do they lend? Zero sum game. I'm waiting to see how SNB deals with flight from euro to swiss franc as it tries to defend that 1.20 floor.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Qingdao port, Shandong province. Commodity collateral financing blackholes coming up  @kk - will we see a commingling of the entire commodoties markets?!? Rehypothecation of some commodities by dishonest lenders would surely create a nasty default blackhole if it gets to the cliff dive point. Watching copper, aluminium and zinc prices. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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murchr wrote:Ghana Central Bank goes ahead and prints money to pay its debts, ignoring fitch's warning 'We' are watching. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Mastermind wrote:murchr wrote:Ghana Central Bank goes ahead and prints money to pay its debts, ignoring fitch's warning 'We' are watching. Wait...didnt the US Federal Reserve do just that when the Treasury had to bail out Bears Stearns, Fannie Mae, Lehmann Brothers and other ailing banks?? 
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mnandii wrote:Quote:......the European Central Bank has instituted negative interest rates for member banks. This could soon spread to the US and also to consumer accounts. If so, you would find money taken out of your bank account each quarter unless you spend it. Some observers think that in the US at least it will start with higher account fees, which will be stealth negative interest rates, and then move to overtly negative rates. Quote:The idea is that if low rates are not yet persuading you to spend, then why not punish you even more for saving. To make this more effective, there would also be a push for all electronic money, to keep you from stashing any away from the confiscation agents. More from an economic perspective this is pure bs! I don't even know how they come up with this stuff
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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quicksand wrote:Mastermind wrote:murchr wrote:Ghana Central Bank goes ahead and prints money to pay its debts, ignoring fitch's warning 'We' are watching. Wait...didnt the US Federal Reserve do just that when the Treasury had to bail out Bears Stearns, Fannie Mae, Lehmann Brothers and other ailing banks?? yep,they do that a lot. lowering interest rates n printing more money (Quantitative easing) whenever they're in an economic crisis .that's fighting inflation by adding more inflation which makes no sense whatsoever. they can keep playing their monkey games coz people have a lot of trust in the $ but one day the music will stop n all that will be left is the monkeys.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Jihadists are making their way to Baghdad, consequences....rising fuel prices. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Jihadists are making their way to Baghdad, consequences....rising fuel prices. With a weakening KES with a slow econ and spiking inflation and funny national budget. I feel chills creeping my spine...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:murchr wrote:Jihadists are making their way to Baghdad, consequences....rising fuel prices. With a weakening KES with a slow econ and spiking inflation and funny national budget. I feel chills creeping my spine... That budget was really lukewarm unless theres smthing that we dont knw, i found it rather out of touch "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 Both brent and crude oil cartoons indicate the breakout from the ascending triangle. Oil inflation is back  When oil rallies equities head south... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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