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Thread: IMF - World economy at risk of another financial crash

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    Default IMF - World economy at risk of another financial crash

    The warning is from the IMF Global Financial Stability report

    World economy at risk of another financial crash, says IMF - GUARDIAN

    The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through all the reforms needed to protect the system from reckless behaviour, the International Monetary Fund has warned.

    With global debt levels well above those at the time of the last crash in 2008, the risk remains that unregulated parts of the financial system could trigger a global panic, the Washington-based lender of last resort said.
    A dramatic rise in lending by the so-called shadow banks in China and the failure to impose tough restrictions on insurance companies and asset managers, which handle trillions of dollars of funds, are highlighted by the IMF as causes for concern.
    PLEASE READ THE WHOLE ARTICLE FOR FULL CONTEXT .. these are just snippets, cant paste whole article

    AND:

    3/10/18: Dumping Ice bags into Overheating Reactor: Bonds & Stocks Bubbles

    Let's circle back: monetary policy madness of the past has been holding court in bond markets and stock markets, pushing mispricing of risks to absolutely astronomical highs. We have just added to that already risky equation fiscal policy push for more mispricing of risks in equity markets.

    This is like dumping picnic-sized bags of ice into the cooling system to run the reactor hotter. And no one seems to care that the bags of ice are running low in the delivery truck... You can light a smoke and watch ice melt. Or you can run for the parking lot to drive away. As an investor, you always have a right choice to make. Until you no longer have any choices left.
    SO .. PROJECT FEAR? .. Nothing to see here folks?

    OR are these warning signs that we should take heed of?

  2. #2
    Politics.ie Member hammer's Avatar
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    Thanks for the reminder.

    Save and pay down debt.

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    Expect constant warnings from the IMF. They got caught out badly last time.

    Financial crises usually start in Autumn.

    Why Do Financial Crises Happen in the Fall? - The New York Times
    We appreciate the move by the Government today and remind ourselves that it is a bail-out by taxpayers for the banks. Pearse Doherty

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    Politics.ie Member hammer's Avatar
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    Good program on BBC this week about the collapse of RBS.

    Fascinating.

    Some people are just THICK.

  5. #5

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    US Debt levels are unsustainable.

    Russia / China moving away from using $ to settle trade hence less need to hold US Treasuries.

    Russia offloaded $150 billion in treasuries with $50 done this year.

    Likely China will start doing the same and it has $1100 billion.

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    Politics.ie Member hammer's Avatar
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    When it comes.............just cancel all your direct debits to Banks.

    Sorted.

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    Quote Originally Posted by hammer View Post
    Thanks for the reminder.

    Save and pay down debt.
    What's the point of saving if the banks crash, taking your savings with them?

    Spend.... spend

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    Politics.ie Member hammer's Avatar
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    Quote Originally Posted by gatsbygirl20 View Post
    What's the point of saving if the banks crash, taking your savings with them?

    Spend.... spend
    Get a big safe

    Savings in the Bank !!

    .1% less 38% DIRT

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    Politics.ie Member hammer's Avatar
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    Any sign of any banks incentivising people to pay down trackers more quickly ?

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    I am not in the business of predictions of stock markets or even growth cycles, but I know out of control greed when I see it, and Wall St to me right now looks like it learned nothing 10 years ago.
    The level of discourse on business channels is now back to mid 2000's
    Little or no caution, just stock pumping and back slapping to beat the band

    I also have a massive issue with the impact of company share buy backs
    I think they are a total sham and play a very big part in current stock market performance.

    Never forget the main players on Wall St, while undoubtedly very smart, are amoral, unethical and above else greedy beyond your wildest dreams.
    They don't sit around fretting "oh God, could this happen again, we better safeguard"
    Not a chance, they want to make a few 100 million and retire by 50 to the Hamptons with their 30 year old trophy wife.
    The world can burn to the ground after that, they don't care.

    In Trump, however we have the biggest problem of all.
    He simply will not countenance any measures to cool things, including bully the FOMC into not raising states
    He is an economic imbecile who believes in flat earth stuff that you can have 8% growth yet keep 1.5% interest rates in perpetuity and pump it all harder by borrowing another few trillion to fund tax cuts.
    He will also wave through any measures and unwind existing (anaemic) safeguards to curb greed taking over again, to ensure the party stays fizzing while he is in office

    And like the Wall st sociopaths, providing the crash happens after he has left office, he will not only not give a damn, he will brazenly maintain it was because he wasn't in charge.

    Stop watching stocks, watch the bond yield, and watch house data (property has been cooling for all of 2018, remember property falls in 2006 were the John the Baptist precursor for the 2007-2008 calamityy)

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