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theold

16-10-2022, 09:55 AM
https://www.usnews.com/news/world/articl...biden-says

sgbuffett

16-10-2022, 10:15 AM
Yes it was a mistake amplified by US Fed rate hike tsunami.

The mistake was made when Fed flood the world with easy money ....and now has to reverse course.

That was the main mistake. Everything else derive from the Fed mistake...and actions to correct t its mistake.

Weaker debt ridden economies like Pakistan and Sri Lanka has collapsed....

In the past Fed action led to 1998 Asian Fianncial Crisis but this time we got wiser and smarter especially Indonesia which is this yr's safe haven from Wall Street mayhem.

The banking system which collapsed in 2008 appear to be stronger with both Credit Suisse and Deutche passing the recent test.

What breaks we don't know but can be anywhere ...it just happen and engulf the system ....then we know the name of the mess ...

sporeguy

16-10-2022, 10:32 AM
(16-10-2022, 10:15 AM)sgbuffett Wrote: [ -> ]Yes it was a mistake amplified by US Fed rate hike tsunami.

The  mistake was made when Fed flood the world with easy money ....and now has to reverse course.

That was the main mistake. Everything else derive from the Fed mistake...and actions to correct t its mistake.

Weaker debt ridden economies like Pakistan and Sri Lanka has collapsed....

In the past Fed action led to 1998 Asian Fianncial Crisis but this time we got wiser and smarter especially Indonesia which is this yr's safe haven from Wall Street mayhem.

The banking system which collapsed in 2008 appear to be stronger with both Credit Suisse and Deutche passing the recent test.

What breaks we don't know but can be anywhere ...it just happen and engulf the system ....then we know the name of the mess ...

At least now you are more balance in your view ... it's refresing to hear this!

Maybe that bad lousy influencer Talk Cock kokee MIA - the intensity of hatred against the Chinese people has somewhat mitigated!

sporeguy

16-10-2022, 10:37 AM
Hehehehe now Biden chewed on US's strongest ally - UK!

Let this be a lesson learnt by UK and EU there are no friends or foes with US- only self interest: and in this case the interest of US!

sporeguy

16-10-2022, 10:41 AM
.... and a WAKE UP call to kokee shitexchange ROFLMAO grotesqueness revealer and teaserteam!

If US can chew on UK and EU - what do you think US and you bunch of poor, non influential, middle income earners or maybe retirees relationship to each other is like?! You are too insignificant- absolutely useless to US!

starbugs

16-10-2022, 12:07 PM
What is unsaid about these mistakes is how in both the US and UK, the central bank's decisions are not set by the ministry of finance. They are not accountable to each other. BoE has to clear the chancellor's sh!t. Fed has to clear Biden's sai.

Blasterlord2

16-10-2022, 12:10 PM
How does he know it's a mistake? In fact, no one really knows. They just thought it's a mistake. Perhaps, if carried through it may turn out not to be a mistake. Remember, experts are often wrong.

sporeguy

16-10-2022, 12:12 PM
(16-10-2022, 12:07 PM)starbugs Wrote: [ -> ]What is unsaid about these mistakes is how in both the US and UK, the central bank's decisions are not set by the ministry of finance. They are not accountable to each other. BoE has to clear the chancellor's sh!t. Fed has to clear Biden's sai.
Rotfl

watchfirst9

16-10-2022, 01:09 PM
She "accidently" open unfunded liabilities worms.

https://www.advisorperspectives.com/imag...17e074.png

It may trigger pension funds burst around the world.
Many countries are in same situation,
J B fury is understandable.

lvlrsSTI

16-10-2022, 02:07 PM
[Image: 1-D78792-C-EBCE-4-A37-869-A-1-A13684-C81-E7.jpg]

[Image: AD83-F46-F-36-B3-450-F-941-E-387-B90-B90343.jpg]

webinarian

16-10-2022, 02:52 PM
(16-10-2022, 12:10 PM)Blasterlord2 Wrote: [ -> ]How does he know it's a mistake? In fact, no one really knows. They just thought it's a mistake. Perhaps, if carried through it may turn out not to be a mistake. Remember, experts are often wrong.

The policy was voted by the market.   

After announcement, British Pound immediately plunged about 10% as in the circled part around 23 Sep 2022. Then she got to stop the policy and the market reversed back.  


[Image: USDGBP221016.png]

singlon

16-10-2022, 03:04 PM
By Tuesday we will know the result
[Image: Screenshot-2022-10-16-at-15-05-03-Biden-...istake.png]
Ba-Gay-Ro making alot of noise on the yen

watchfirst9

16-10-2022, 04:18 PM
(16-10-2022, 03:04 PM)singlon Wrote: [ -> ]By Tuesday we will know the result
[Image: Screenshot-2022-10-16-at-15-05-03-Biden-...istake.png]
Ba-Gay-Ro making alot of noise on the yen

Kishida is more worry on its currency than pension for now.
https://www.pionline.com › pension-funds › japan-pension-fund-giant-gpif-records-275-billion-loss-last-quarter
Japan pension fund giant GPIF records $27.5 billion loss last quarter ...
Aug 5, 2022Japan's Government Pension Investment Fund reported a 1.91%, or ¥3.75 trillion ($27.5 billion), loss for the three months ended June 30.


J B no need Ba-Gay-Ro to disturb pension market
https://www.realclearpolicy.com › articles › 2021 › 05 › 05 › 96_trillion_in_unfunded_us_medicare_and_social_security_benefits_775259.html#!
$96 Trillion in Unfunded U.S. Medicare and Social Security Benefits
May 5, 2021That's according to truthinaccounting.org, which noted that there's $96.3 trillion owed in promised but unfunded Medicare and Social Security benefits — $55.1 trillion for Medicare and $41.2 trillion for Social Security. While Uncle Sam has $5.9 trillion in assets, the $129 trillion owed in bills — including military and civilian ...
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