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  1. #1
    Thailand Expat David48atTD's Avatar
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    Big banks fall on Wall Street after warnings of potential losses from a hedge fund's

    Big banks fall on Wall Street after warnings of potential losses from a hedge fund's-640x-1-jpg
    Credit


    Big banks have weighed on Wall Street after warnings of potential losses from a hedge fund's default on margin calls, although optimism about the US economy limited the falls.

    Key points:

    • US hedge fund Archegos Capital defaulted on its share trading loans
    • It caused Credit Suisse shares to plunge 14 per cent and Nomura to fall 16.3 per cent
    • Dow Jones up 0.3 per cent to 33,171, S&P 500 down 0.1 per cent to 3,971, Nasdaq 0.6 per cent to 13,060


    Japan's largest investment bank Nomura and Swiss banking giant Credit Suisse are facing billions of dollars in losses after US hedge fund Archegos Capital defaulted on margin calls, share market bets made with borrowed money, putting investors on edge about who else might have been caught out.

    Archegos is run by former Tiger Asia boss, Bill Hwang. Tiger Asia was a Hong Kong-based fund trading in Asian shares.
    In 2012, Mr Hwang and his firm paid $US44 million ($57 million) to settle US insider trading charges.
    Nomura shares fell 16.3 per cent, a record one day drop.

    Here

    Being reported across the Business Media
    Bloomberg - Are you a robot?
    Will Archegos Capital Management collapse see other firms shot down in flames? | Business | The Times
    Archegos margin call share dump ripples across markets | Reuters
    Someone is sitting in the shade today because someone planted a tree a long time ago ...


  2. #2
    Thailand Expat David48atTD's Avatar
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  3. #3
    Thailand Expat
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    Are you OK, Dave ?

  4. #4
    Guest Member S Landreth's Avatar
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    ^Probably kicking himself

    Remember when it stated it liked trump/IQ45 (policies)/wanted him to win because of his future earnings/stocks?

    If Biden 'gets in... your 401(k)s will go to hell': Trump

    "If he gets in, you will have a depression the likes of which you've never seen. Your 401(k)s will go to hell, and it'll be a very very sad day for this country," Trump said.

    Well……………..

    Biden’s Stock Market Is Crushing Trump’s
    Keep your friends close and your enemies closer.

  5. #5
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by S Landreth View Post
    ^Probably kicking himself

    Remember when it stated it liked trump/IQ45 (policies)/wanted him to win because of his future earnings/stocks?

    If Biden 'gets in... your 401(k)s will go to hell': Trump

    "If he gets in, you will have a depression the likes of which you've never seen. Your 401(k)s will go to hell, and it'll be a very very sad day for this country," Trump said.

    Well……………..

    Biden’s Stock Market Is Crushing Trump’s
    Anyone can pump up the economy by borrowing money.

    The question is, do they ever intend to pay it back?

  6. #6
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    Quote Originally Posted by harrybarracuda View Post
    do they ever intend to pay it back?
    Not the favoured 1%. They will be informed as ever prior to the Crash of Crashes, cooked into the ameristani crumbling, cookie cake.

    Others, a green screen, this website is currently unavailable ....

    Walk in Mom and pop, local stores, the lynchpin of most newbies.

    Not coming back.

    Why would they. Next day delivery of online purchases, virus and nutritional free, comfort foods.

    All delivered by non-negotiable armoured drones/CO2 free EV to you Lazy Boy .....

    Tip your delivery machine or face your social score downgrade.
    A tray full of GOLD is not worth a moment in time.

  7. #7
    Guest Member S Landreth's Avatar
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    Not rich? Good news: You’re probably getting a tax cut.

    Everyone knows that Democrats want to raise taxes on the rich, but what hasn’t gotten nearly as much notice is how much they’ve cut them for most everyone else — substantially more than Republicans did in the first year of their 2017 tax overhaul.

    New estimates by Congress’s official forecasters show Democrats’ tax cuts — included in their March stimulus package — will drive down tax rates on low- and middle-income people so much this year that those earning less than $75,000, on average, will owe nothing in federal income taxes.

    Those making between $75,000 and $100,000 will pay a scant 1.8 percent average tax rate this year, the nonpartisan Joint Committee on Taxation predicts.

    That will shift the relative burden to the wealthy, at least temporarily, with those earning more than $500,000 expected to pay more than two-thirds of all income taxes this year.

    Quote Originally Posted by OhOh View Post
    Not the favoured 1%. They will be informed as ever prior to the Crash of Crashes, cooked into the ameristani crumbling, cookie cake.

  8. #8
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    Quote Originally Posted by S Landreth View Post
    Those making between $75,000 and $100,000 will pay a scant 1.8 percent average tax rate this year
    Wow

    How much do you pay in state, county whatever taxes ?

  9. #9
    Thailand Expat lom's Avatar
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    Quote Originally Posted by S Landreth View Post
    That will shift the relative burden to the wealthy, at least temporarily, with those earning more than $500,000 expected to pay more than two-thirds of all income taxes this year.
    expected to pay but will they do it?

  10. #10
    Guest Member S Landreth's Avatar
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    ^Open the link and read it. It's what will be for some time.

    Quote Originally Posted by helge View Post
    Wow

    How much do you pay in state, county whatever taxes ?
    Hint……….I never received a stimulus check

  11. #11
    Thailand Expat
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    Your links title:

    Quote Originally Posted by S Landreth View Post
    Not rich? Good news: You’re probably getting a tax cut.
    You cut and paste from you link:

    Quote Originally Posted by S Landreth View Post
    New estimates by Congress’s official forecasters show
    amerstan polititians deliver?



    Quote Originally Posted by lom View Post
    expected to pay but will they do it?
    Of course!

  12. #12
    Thailand Expat
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    Quote Originally Posted by S Landreth View Post
    Hint……….I never received a stimulus check
    The same in Denmark.

    If your income is too low, you won't be compensated

  13. #13
    Guest Member S Landreth's Avatar
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    Quote Originally Posted by helge View Post
    If your income is too low, you won't be compensated


    Quote Originally Posted by OhOh View Post
    amerstan polititians deliver?

  14. #14
    Achieve By Unity cyrille's Avatar
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    Oh, you mean the share value of big banks has fallen.

    Right.

  15. #15
    Guest Member S Landreth's Avatar
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    Quote Originally Posted by helge View Post
    Are you OK, Dave ?
    Besides kicking itself it is probably sobbing

    A recap………

    Quote Originally Posted by S Landreth View Post
    ^Probably kicking himself

    Remember when it stated it liked trump/IQ45 (policies)/wanted him to win because of his future earnings/stocks?

    If Biden 'gets in... your 401(k)s will go to hell': Trump

    "If he gets in, you will have a depression the likes of which you've never seen. Your 401(k)s will go to hell, and it'll be a very very sad day for this country," Trump said.

    Well……………..

    Biden’s Stock Market Is Crushing Trump’s
    Recent news…………

    Dow Jones Hits Record As Market Shrugs Off Jobs Report


  16. #16
    Im bored AF Backspin's Avatar
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    Partisan politics is truly pathetic on both sides. The US stock market has been trending upwards since the Federal reserve discovered the printing press in 2009. It went up under obama , up under trump and now up under Biden
    It has NOTHING to do with what any president did or did not do. The fed balance sheet went from 800 billion in 2009 to 4.2 trillion and more today.




  17. #17
    Im bored AF Backspin's Avatar
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    Quote Originally Posted by S Landreth View Post




    Oh did he ever deliver. Pumping the stock market with printed money. Just like Trump did.

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