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Is This Why Financial Stocks Are Plunging Again?
But but but... US economy is solid... curve will steepen... NIM... banks... bullish... buy... except that the market's perception of the credit risk in US financials is at 19-month wides. With counterparty risk rising, is it any wonder financial stocks are crashing?
Eerily reminiscent of 2007 sadly. Credit spreads started to bleed off record tights... stocks ignored it... then it all went pear-shaped.
Charts: Bloomberg
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Discretion is unnecessary.
PPT are at it again. I'm shocked, SHOCKED, I tell you!
they are trying...
Whos up now that Dudley blew his load ?
Hilsenrath ?
No, it's this dickhead Rosengren: "global turmoil argues in favor of being cautious about starting the process to normalize monetary policy".
That's like me saying: "I'm just beginning to start to think about maybe wanting to ponder the idea of...".
These asshats are turning themselves into laughingstocks.
An ex would say 'pinheads'.
The elivator told me 68% of financial exec's expect a bull market. If the elivator tells me that, I have to BUY dammit.
Elevator VS Taxi driver.
It is a close bet as to who defines the top?
King Euro bitches
Greece ain't solved Bitchez.
mmmmmmm
pears
Margin call for Wall St.......
I hear that with a Lily Tomlin/Ernestine sort of accent...
They're plunging - according to CNBC just now - because it's nothing more than a later afternoon thunderstorm in Miami. Huh? Oh yeah - AND BUY BUY BUY according to the shills. LOL
To put China's demographics into perspective...China's <15 current population has declined by 32% from it's peak in 1975 (-116 million young Chinese...coming close to the Japanese <15 collapse of 40% from peak and Italy/Germany and EU -36%)!!! Link details collapse of young populations set to come through the pipeline.
http://econimica.blogspot.com/2015/08/young-vs-debtthe-young-never-had-chance.html
China's 15-64yr old population growth averaged 14.3 million new Chinese annually from '80-'07...all needing more stuff, needing credit, etc.
2016 is the first year of outright declines among this 15-64yr/old core group, falling by an estimated -1.3 million...and this is the start of a very long trend of population declines among the core and young continue at least through 2050...with all net "growth" among the 65+. By 2030, the core will be shrinking by an estimated -5 million annually and <15 shrinking by a like -5 million...entirely offset by +10 million to the 65+. After this, China begins outright shrinking.
Every nation that has gone through this has massively increased debt in substitution for declining population demand. Why would China be different than Japan, EU, US, etc.?
China has built ghost cities, massive overcapacity, racked up massive debt (+1400% in 14yrs)...all for a population that is never coming. All while global population growth and credit growth are turning very negative...meaning China's export model to prosperity is about to be very broken. Remember, China has net emigration. The story of China's collapse will be sad and painful...but of course it won't stop there! This is not rocket science, fewer people (particularly fewer people of means) and declining credit means collapsing demand. Not opinion, just math.
http://econimica.blogspot.com/2015/08/growth-now-and-in-2030forget-india-its.html
the 33 million more men than women in china doesnt help the population growth either. (2014 male to female ratio)
Ah, Wall Street's love-hate relationship with volatility. Margin calls can kill you...but trading revenues are piss-poor in a placid market.
Please, be honest, the real "value" of all this shit is zero. Let me know when it all hits fucking zero, until then it's all fucking noise, nothing more.
Zero? Not quite, but I like your sentiment. Most credible people say right at about 5,000 or so. Now the value of the dollar is anotehr matter....
Yes, all fiat will go to zero.
Useless fucking paper-pushers are going to have to work for a living again, whether they like it or not...
Are we really trying to speculate as to why a house of cards is collapsing? The real question is how did it last this long.
+2008-2015
Now hike rates and make banks park some more money on the fed balance sheet instead of lending it out.
Yep. In case anyone missed it.
http://www.federalreserve.gov/monetarypolicy/policy-normalization-qa.htm
http://www.federalreserve.gov/econresdata/feds/2015/files/2015010pap.pdf
"Eerily reminiscent of 2007 sadly"
Let's see it can't be Gartman making this statement - he doesn't have a clue.
It can't be Krugman - he's more delusional than a Rick Perry 2016 supporter.
Got it! Must be "Timmah" Geithner - he loves to QE and Tell.
The economic scientists no longer take risks. Things are much safer now, controllable with smart investments. You can trust the legitimate economists with your money.
I did, and I'm not just a member.
What's that, boy? Timmy is stuck in the well?
Actually, you had me ROTFLMAO at "legitimate economists"- that's like saying "legitimate masseuse"-
Where's MY happy ending?
BTFD
Dollar-cost averaging to the grave, bitches!
I think I see it coming now....
You forgot to say "This time is different".
And where the hell is Abbey Joseph Cohen to tell us all that Revenue to Earnings is the New PE?!
let me know when the guillotines are lined up on wall street and in London City
F' that, start in DC, they are the gate keepers.
The worst isn't over--interesting read--this guy predicted the September 18th crash "Kill zone" 2 weeks before it actually hit. Now he is saying there are (2) "Black hole" crashes pending in September. Take a look
Tyler- I think a spam flag would be a nice addition to the comments section. Anyone else agree?
Just bring back the math captcha and the "Nuke this post" button.
HSBC chart implies they might be in some trouble. Essentially at a 52 week low today while some others and the XLF still struggling to maintain, albeit an ugly version of, an uptrend.
Might there be some yet to be revealed massive losses from HSBC? Or did Gartman go long a couple weeks ago?
This video needs to be in the rotation.
https://youtu.be/KezvwARhBIc
They are going to bail the banks/corporations/insurers out again. People say "they wouldn't dare!"
Really? What restraint has been shown? "We bail them out or your retirement accounts go to zero." Done.
When the majority don't have a "retirement account" it really won't matter as that which cannot be sustained, won't but.
"but but, I am rich, please sell me your food!" -- Keep your toilet paper and die fucker.
Same as it ever was. My tribe is prepared regardless.
Arrest Jim Cramer and Dick Bove for not showering and working for Goldman Sachs.
Even Dick Bove be like "Where the money to prop this drop gunna come from?"
And he called out GS for being the most illiquid along with Morgan Stanley
Don't worry, the fundamentals of the economy are sound. Oil is down, which should soon stimulate consumer spending. Unemployment is low and wages rising overall. The fed can choose to not raise rates, and has many monetary tools available to ease volatility. Some minor volatility percentage wise should be expected after such a long bull in. Don't look at absolute values when the stock market is at near all time highs.
LOL, yes, well, for those who have a wage anyway, and one that actually covers the rent... oh wait. fuck.
margin debt levels have a bit of correcting to do.
can you tell my boss about the rising wages? Or am in in exception category, as I seem to find myself often.
Wow dude- you're really good at cutting and pasting CNBC propaganda- if you actually understood half of what you wrote, you'd be quite informative....
BTW- name THREE "monetary tools available to ease volatility" that the Fed has yet to use....
Well? We're waiting.......
Nevermind the 94 million out of work and the 47% on EBT.
"Jump you Fuckers"
Momma said they'll be days like the there be days like this my momma said momma said. :P
Stocks are down 3000 points since May!
To trade or not to trade is the question!
"Do you feel lucky, punk"?