Bulls, Bears & Bucks #73 Met abseilende indices

quote:

Op maandag 8 september 2014 06:00 schreef dvr het volgende:

[..]

http://nos.nl/video/695737-huizenmarkt-china-zakt-in.html

quote:

Op maandag 8 september 2014 06:00 schreef dvr het volgende:

[..]

http://nos.nl/video/695737-huizenmarkt-china-zakt-in.html

quote:

Op maandag 8 september 2014 09:10 schreef SeLang het volgende:
Ik ben benieuwd of het regime een groei implosie (en verlies van spaargeld van veel mensen) gaat overleven.

quote:

Op maandag 8 september 2014 12:43 schreef JimmyJames het volgende:
Ik ben ook benieuwd naar wat de externe gevolgen zouden zijn van een groei implosie. Een in het nauw gedreven regime zou de aandacht kunnen afleiden van de eigen legitimiteit door een buitenlands militair avontuur te beginnen ('rally round the flag).

quote:

Op maandag 8 september 2014 12:43 schreef JimmyJames het volgende:
Ik ben ook benieuwd naar wat de externe gevolgen zouden zijn van een groei implosie. Een in het nauw gedreven regime zou de aandacht kunnen afleiden van de eigen legitimiteit door een buitenlands militair avontuur te beginnen ('rally round the flag').

quote:

It's socialism for the rich and capitalism for the rest of us in Britain

Socialism lives in Britain, but only for the rich: the rules of capitalism are for the rest of us. The ideology of the modern establishment, of course, abhors the state. The state is framed as an obstacle to innovation, a destroyer of initiative, a block that needs to be chipped away to allow free enterprise to flourish. "I think that smaller-scale governments, more freedom for business to exist and to operate – that is the right kind of direction for me," says Simon Walker, the head of the Institute of Directors. For him, the state should be stripped to a "residual government functioning of maintaining law and order, enforcing contracts". Mainstream politicians don't generally talk in such stark terms, but when the deputy prime minister Nick Clegg demands "a liberal alternative to the discredited politics of big government", the echo is evident.

And yet, when the financial system went into meltdown in 2008, it was not expected to stand on its own two feet, or to pull itself up by its bootstraps. Instead, it was saved by the state, becoming Britain's most lavished benefit claimant. More than £1tn of public money was poured into the banks following the financial collapse. The emergency package came with few government-imposed conditions and with little calling to account.

...

When it comes to rhetoric, the modern establishment passionately rejects statism. The advocates of state interventionism are dismissed as dinosaurs who should hop in a time machine and return to the discredited 1970s. And yet state interventionism is rampant in modern Britain: but it exists to benefit the rich. No other phenomenon sums up more starkly how unjust modern Britain is. Social security for the poor is shredded, stripped away, made ever more conditional. But welfare for large corporations and wealthy individuals is doled out like never before. The question is not just whether such an establishment is unjust: the question is whether it is sustainable.

quote:

Bank of Japan Buys Government Debt at Negative Yield

Tuesday marked another milestone in the topsy-turvy world of monetary easing in Japan: The Bank of Japan bought short-term Japanese government debt at a negative yield for the first time, according to market participants.

The BOJ scooped up some of the three-month No. 477 Treasury bill, which has traded at a negative yield for the past two trading days amid strong demand, the market participants said.

Normally, people who buy debt expect to get their money back plus some interest. Negative yield means the buyer gets back less than he or she puts in.

Why would the Bank of Japan buy under such conditions?

Traders said the bank wanted to show the market that it would meet its asset purchase goals–literally at whatever the cost.

The BOJ buys Treasury discount bills as part of its asset purchase program aimed at reaching 2% inflation. The bank has a ¥270 trillion monetary base target it wants to reach by the end of the year. By purchasing the Treasury bills, it increases the amount of cash in the financial system, getting closer to the target.

Market participants say the bank probably didn’t foresee buying Japanese debt at negative yields. But the European Central Bank’s easing has created demand for short-term Japanese debt from European investors, to the extent that interest rates have turned negative.

“The BOJ probably didn’t expect this would happen, and T-bill rates staying negative should be a cause of concern for them,” said Shogo Fujita, chief Japan bond strategist at Merrill Lynch Japan Securities Co.

If T-bill rates stay negative, that could pull down yields on longer-term government debt, he said. However, at some point, market participants might prefer to put their money in BOJ reserves, where they earn 0.1% interest, rather than buying low-yielding government debt. That could leave the BOJ buying a higher percentage of shorter-term debt than it might have wanted, he said.

http://blogs.wsj.com/japa(...)t-at-negative-yield/

quote:

Op woensdag 10 september 2014 09:22 schreef SeLang het volgende:

[..]

Dus in plaats van 0,2% te betalen aan de ECB op je excess reserves kopen sommigen nu liever Japanse T-bills met negatieve yields Unintended consequences, bitchez!

Maar serieus, hier heb je dus een compleet kapot prijsmechanisme. In een kapitalistisch systeem vervullen marktprijzen de belangrijke functie om vraag en aanbod in de echte economie met elkaar in balans te brengen. Daar is nu geen sprake meer van, met als gevolg verkeerde allocatie van schaars kapitaal. De kosten van deze waanzin voor de echte economie zullen uiteindelijk astronomisch zijn.

quote:

Op woensdag 10 september 2014 11:22 schreef icecreamfarmer_NL het volgende:

[..]

Maar waarom doen ze dat? Of zijn de negatieve yields van Japan lager dan die van de ecb?

quote:

Investors pull £17bn from UK as banks ratchet up Scottish independence pressure

Investors have pulled money out of the UK at the fastest pace seen since the financial crisis of 2008 amid fears that Scotland will break away from the Union, triggering a broader political crisis.
Net flows out of Britain hit $27.3bn (£16.8bn) in August, the highest seen since Lehman Brothers collapsed, according to investment advisory firm CrossBorder Capital.

“Sterling outflows have been an issue since the end of June, but they really gathered pace in August,” said Michael Howell, managing director of CrossBorder Capital, who compiled the index of UK financial investment.

The report shows that inflows have “effectively collapsed”, said Mr Howell, adding that only Japan is now seeing money being pulled out of the country at a faster rate.

So far this year the UK has experienced a net $206bn (£127bn) outflow, as money available for financial investment left the country. In 2013, a net $63bn (£39bn) flowed into the nation’s economy.

quote:

Op woensdag 17 september 2014 01:02 schreef Sokz het volgende:
Beetje random lijn door getrokken. Kan geen toeval zijn dat het sinds '08 uitbodemt / zijwaarts gaat