Results 1 to 15 of 15
  1. #1
    loob lor geezer
    Bangyai's Avatar
    Join Date
    Feb 2009
    Last Online
    02-05-2019 @ 08:05 AM
    Location
    The land of silk and money.
    Posts
    5,984

    'Significant chance' of second financial crisis, warns World Economic Forum

    There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than 1 trillion, and similar odds of a full-scale sovereign fiscal crisis, a key report warned.


    By Edmund Conway, Economics Editor
    Published: 7:24PM GMT 14 Jan 2010
    Comments 40 | Comment on this article

    Cash on fire - 'Significant chance' of second financial crisis, warns World Economic Forum


    Investors must steel themselves for the possibility of a second leg to the financial crisis, and should be equally prepared for a fiscal crisis, in which a major economy faces either default or a "sudden stop" in financing themselves on capital markets, according to the World Economic Forum.
    Its closely watched Global Risks Report also warned of the possibility of China's economy overheating and, instead of helping support global economic growth, preventing a fully-fledged recovery from developing.


    The report, which comes a fortnight ahead of the WEF's annual summit in Davos, which will be attended this year by many of the world's leading businessmen and politicians, including Jamie Dimon of JP Morgan, Bill Gates, Bill Clinton and Nicolas Sarkozy. The report, produced in conjunction with Citigroup, Marsh & McLennan, Swiss Re, the Wharton School Risk Center and Zurich Financial Services, warns that the crisis has left leading economies acutely vulnerable to further problems.
    The report, which in previous years had been among the first to cite the prospect of a financial crisis, the oil crisis that preceded it and the ongoing food crisis, included a list of growing risks threatening leading economies. Among the most likely, and potentially most costly, is a sovereign debt crisis, as some countries struggle to afford the unprecedented costs of the crisis clean-up, the report said, specifically naming the UK and the US.
    Robert Greenhill, chief business officer of WEF, said: "The US and UK will have among the highest debt burdens; the danger may not be of a default, but it will certainly dampen economic activity."
    The report also highlights the risk of a further asset price collapse, which could derail the nascent economic recovery across the world, with particular concern surrounding China, which some fear may follow the footsteps Japan trod in the 1990s.
    Another worry is that Britain and fellow nations may be sleepwalking towards a potential energy crisis by failing to invest enough in the infrastructure that keeps the country powered. John Drzik, chief executive of management consultancy Oliver Wyman, said that countries were failing to invest sufficient amounts in both transport and energy infrastructure.


    Time to start filling the loft with rice and tinned food again. Suppose I might as well get a few rolls of barbed wire in too

  2. #2
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    Quote Originally Posted by Bangyai
    Nicolas Sarkozy.
    wtf is he doing there, he is completely irrelevant, what a poseur

  3. #3
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    the real issue is that there is too much cash sitting around, chasing too few assets

    that explains the low interest rates, too much money, not enough projects to invest

    that force bubbles and taking too much risk for little returns, with company making billions, banks making even more billions, it's not surprised we are facing this situation and that the little investors and savers are fucked over with low interests and poor returns.

    Solution, increase corporate tax or have company start lowering their price but they won't, and regulate them heavily in terms of competition and environmental issues, obviously they are way too profitable !!!
    Last edited by Butterfly; 16-01-2010 at 04:38 PM.

  4. #4
    Thailand Expat
    SiLeakHunt's Avatar
    Join Date
    Jan 2009
    Last Online
    13-02-2018 @ 10:05 PM
    Location
    Koh Tannga
    Posts
    1,720
    knowledgeable people say there is going to be an aftershock.

    cheers

  5. #5
    Out there...
    StrontiumDog's Avatar
    Join Date
    Jul 2009
    Last Online
    @
    Location
    BKK
    Posts
    40,030
    Or maybe there wont...all a bit vague if you ask me

  6. #6
    Twitter #BKKTS
    Tom Sawyer's Avatar
    Join Date
    Sep 2009
    Last Online
    20-07-2014 @ 10:05 PM
    Posts
    9,219
    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by Bangyai
    Nicolas Sarkozy.
    wtf is he doing there, he is completely irrelevant, what a poseur
    He needs to ride the fence. In reality he is the defender of the wealthy French. On the other hand, he is the leader of the Republique - a socialist nation (and probably one of the best), so he doesn't dare be too publique about his real backers. So mostly rhetoric about jobs and controlled globalism from his lips.
    My mind is not for rent to any God or Government, There's no hope for your discontent - the changes are permanent!

  7. #7
    Thailand Expat
    the dogcatcher's Avatar
    Join Date
    Aug 2008
    Last Online
    24-12-2015 @ 06:41 PM
    Location
    My body is not a temple, It's the hell where I reside.
    Posts
    5,708
    second tsunami? racing certainty!

  8. #8
    Member
    dotcom's Avatar
    Join Date
    Dec 2009
    Last Online
    28-04-2013 @ 10:48 PM
    Location
    Big Mango Onnut
    Posts
    695
    The message from Davos - home of the Gulfstream G550 - is clear sailing ahead. Stocks are cheap. Bambam fixed all the problems. buy buy buy.

  9. #9
    Thailand Expat
    keda's Avatar
    Join Date
    Sep 2006
    Last Online
    17-12-2010 @ 12:06 PM
    Posts
    9,831
    The printed money is running out, and they'll soon need more to bail out their previous poorly considered bailout. Someone ought to tell them that all ponzis eventually reach saturation, unless they already know and hope to defer it another 3 years when they're already on the way out.

    How it is that world markets have recovered so well, albeit from dramatic lows? Where did the money come from, if not the Fed manipulating futures? Then consider what will happen when they can no longer conceal this massive fraud.


    Anyone invested in SET? If so, many local negative factors are already built in and it's on the rise, but keep your nose glued to the screen and finger on the sell button when it reaches 770-790 (only another 5%). Then start buying back when it drops 20%.

  10. #10
    Twitter #BKKTS
    Tom Sawyer's Avatar
    Join Date
    Sep 2009
    Last Online
    20-07-2014 @ 10:05 PM
    Posts
    9,219
    ^
    Yup.

    The IMF's Milton Friedman fan club fckud us but good. And the US admin has done its utmost to pretend the system doesn't need changing back to balanced state controlled-capitalist nation-state order.

    That's where we're at now. And as you say the massive fraud will be unveiled soon. But that brings me to my biggest fear - that they will pull some other 9/11 style surprise out of their hat - maybe a world war or something less (hopefully) to cover their tracks and distract us all from storming the barricades of the enemy within.

  11. #11
    Thailand Expat
    the dogcatcher's Avatar
    Join Date
    Aug 2008
    Last Online
    24-12-2015 @ 06:41 PM
    Location
    My body is not a temple, It's the hell where I reside.
    Posts
    5,708
    Smoke and mirrors. The fundermental problems still exist. I'm out of markets now and into forex only. Made afck load out of comodities though. Rubber.... nice.
    But stood aside now.

  12. #12
    Member
    Join Date
    Nov 2006
    Last Online
    10-05-2014 @ 05:08 PM
    Posts
    710
    The big financial institutions are still trying to package up the toxic debts and sell them, but alas no mugs [ buyers ] around.

    The debts are still there,
    I love it when the banks anounce making 2 billion profit whilst owing the tax payer 30 billion.

  13. #13
    Twitter #BKKTS
    Tom Sawyer's Avatar
    Join Date
    Sep 2009
    Last Online
    20-07-2014 @ 10:05 PM
    Posts
    9,219
    Yes it's such a joke - and everyone is just sitting there watching the corporate-controlled-Government establishment get away with it like a dear/roo/hedgehog in the headlights/lamps.

    Take notes - so we know who to chase in our bare feet when the time comes!

  14. #14
    Member
    zubber's Avatar
    Join Date
    Jul 2009
    Last Online
    18-03-2010 @ 11:42 PM
    Posts
    839
    Brace yourselves for a bursting Chinese bubble - Times Online


    From The Times

    January 13, 2010
    Brace yourselves for a bursting Chinese bubble

    Martin Waller: City Diary

    Recommend? (2)




    The man who blew the whistle on Enron, and made himself a multibillion-pound fortune, has called the next big collapse — China. Jim Chanos, who runs the Kynikos Associates hedge fund, believes that China is the classic bubble, the property sector swollen by speculative funny money and looking like “Dubai times 1,000 — or worse”.
    Chanos has told CNBC: “Bubbles are best identfied by credit excesses, not valuation excesses. And there’s no better credit excess than in China.” Other analysts, including Hugh Young, who runs the Aberdeen Global Asia Pacific fund, have also worried about a bubble bursting in China this year.
    Where does this leave Anthony Bolton, the veteran fund manager, who has set up shop in Hong Kong to focus on Chinese equities? Bolton is on holiday, but a spokesman for him at Fidelity insisted it was full speed ahead. “Inevitably there will always be different views, especially on a market like China,” he said. “Anthony’s bullish view is a three-to-five-year one and he has never disputed the idea that many equity markets need a period of consolidation in 2010.”
    i'd rather have a phlebotomy than a full frontal lobotomy

  15. #15
    Cool Cat
    Perota's Avatar
    Join Date
    May 2008
    Last Online
    15-03-2017 @ 05:11 PM
    Location
    Bangkok, Korat
    Posts
    3,019
    Quote Originally Posted by zubber View Post
    Brace yourselves for a bursting Chinese bubble - Times Online


    From The Times

    January 13, 2010
    Brace yourselves for a bursting Chinese bubble


    The man who blew the whistle on Enron, and made himself a multibillion-pound fortune, has called the next big collapse — China. Jim Chanos, who runs the Kynikos Associates hedge fund, believes that China is the classic bubble, the property sector swollen by speculative funny money and looking like “Dubai times 1,000 — or worse”.
    Chanos has told CNBC: “Bubbles are best identfied by credit excesses, not valuation excesses. And there’s no better credit excess than in China.” Other analysts, including Hugh Young, who runs the Aberdeen Global Asia Pacific fund, have also worried about a bubble bursting in China this year.

    Follow up to those so-called China "experts"

    China's central bank has stepped in to curb lending in its banking system.
    Chinese banks must now keep more money back in reserves, the first such increase since June 2008, thereby taking cash out of the economy.

    BBC News - China's central bank moves to curb overheating economy


    Global shares have fallen amid concerns that China's plans to reduce lending by its banks will hurt the worldwide economy.
    The falls came after Chinese state media said authorities had ordered commercial banks to stop lending for the rest of January.

    BBC News - Global shares fall on China bank fears


    China is a central economy run by engineers, not a casino run by lawyers. They better look for an other scapegoat for the next crisis.


    ________________
    The things we regret most is the things we didn't do

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •