when I checked my accounts today, I definitely had a strong GW detection sensation ... must be those ripples from the mergers of money-black-holes on Wall Street, what do you think?
when I checked my accounts today, I definitely had a strong GW detection sensation ... must be those ripples from the mergers of money-black-holes on Wall Street, what do you think?
CU
Bikeman
I think you may have something there...If so...perhaps an alien intelligence will detect those ripples and buy up all the debt on Earth.
I also have a black cat called Holly, because she wandered in as a stray one Xmas some years ago.....
We had a blackie with white socks and white tips on the ears. A beautiful lad was Clyde, who would perform endlessly for a can of fish. Lasted 14 years ....
What it is with fish and cats? Ancient DNA speaking? :-)
Cheers, Mike.
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
when I checked my accounts today, I definitely had a strong GW detection sensation ... must be those ripples from the mergers of money-black-holes on Wall Street, what do you think?
CU
Bikeman
Old Chinese proverb.... Where there is crises there is opportunity... Maybe the western world will take this opportunity and shift to a more greener economy.. Ahh.. I am being too idealistic..:-)
There are some who can live without wild things and some who cannot. - Aldo Leopold
Old Chinese proverb.... Where there is crises there is opportunity... Maybe the western world will take this opportunity and shift to a more greener economy.. Ahh.. I am being too idealistic..:-)
We too have been discovering opportunity also ... to roll back some dumb ideas.
In Australia about 20 years ago we had bank 'deregulation' which essentially allowed mixing of commercial and savings roles in the one institution. This has been likened to introducing sharks in a toddler's swimming pool.
The old style 'savings' bank would basically give moderate interest on deposits and a moderate ( but slightly greater ) interest on home loans. The original 'pooling of community resources' concept, and the asset would rarely degrade.
In contrast the commercial banks would be funded by those after a higher return, and in turn lent to those higher risk ventures. At present few of the banks evidently assess lending risk much for commercial ventures. There is not much incentive to, as if an error is made they just crank up the variable rate on the captive home loans to cover. Plonking high fees/penalties for entry and exit into home loan contracts dampens any buyer-side shopping.
Making the good payers bail out the bad is great for the bank but has shocking effects community wide. It also relaxes the need for proper bank governance as the shareholders remain untouched in all this, hence uncomplaining and not applying any feedback under their power as shareholders.
After a generation of this type of bank behaviour most savvy home buyers will insist on rate lock-in for extended periods ( say 5 years + ) or no deal. Some lenders have returned to, or have been created for, a pure savings/home-loan role. They are doing quite well out in the mortgage belts, as most lads and lassies prefer not to lose the lot when some crappy, but large, venture loan goes belly up.
In summary it's probably overdue for a ( re- ) separation/partitioning of risk.
Cheers, Mike.
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
In summary it's probably overdue for a ( re- ) separation/partitioning of risk.
Cheers, Mike.
In Canada we never deregulated our banks. There were plenty of 'Fat Cats' during 90's that were stressing the idea. Our leverage to capital ratio is about 16 to 1 the lowest in the G8.(Europe is about 35 to 1 and America about 25 to 1) Our banks are well capitalized but we are are not immuned since we represent only about 3 percent of the World capital.
Since I believe Canadian market capitulated today on 600 point drop on heavy volume( our index is heavily resource weighted) Heck Even in the US people were unloading Proctor and Gamble
I am putting some capital to work in first class, well capitalized Natural Gas companies and pipe line companies. Well Capitalized Resource companies now are a bargain in the long term even if they drop another 20 percent.. (They maybe boring stocks)
Edit: The big problem here in North America are these hedge funds which are exclusive clubs of Fat Cats in which people trade in high risk financial instruments that I can not begin to understand. They do serve a purpose because they help make capital flow (more Dynamic) but they need to be regulated
There are some who can live without wild things and some who cannot. - Aldo Leopold
In Canada we never deregulated our banks. There were plenty of 'Fat Cats' during 90's that were stressing the idea. Our leverage to capital ratio is about 16 to 1 the lowest in the G8.(Europe is about 35 to 1 and America about 25 to 1) Our banks are well capitalized but we are are not immuned since we represent only about 3 percent of the World capital..
Yeah always good to stick to the low gears. You go faster in a higher gear, of course, but impact is harder!
Quote:
Since I believe Canadian market capitulated today on 600 point drop on heavy volume( our index is heavily resource weighted) Heck Even in the US people were unloading Proctor and Gamble
It's weird when there's panic afoot, and many a shark tidies up on the turns.
Quote:
I am put some capital to work in first class well capitalized Natural Gas companies and pipe line companies. Resource companies now are a bargain in the long term even if they drop another 20 percent
Base resources hardly ever go off in the medium to long term, which requires patience however. Metals are always sound ( except perhaps the radioactive ones ).
Cheers, Mike.
( edit )
Quote:
Edit: The big problem here in North America are these hedge funds which are exclusive clubs of Fat Cats in which people trade in high risk financial instruments that I can not begin to understand. They do serve a purpose because they help make capital flow (more Dynamic) but they need to be regulated
It's the old 'privatise the gain, but socialise the loss' trick. I don't know of any financial club/institution offering largesse to non-shareholders in the good times, but there's never a shortage of clamour to bailout - in the name of the 'common good' of course - when the rain falls. Call me a cynic if you like, but I'm the kind of guy that doesn't believe door-to-door salesmen who say they have come to help me out .... :-)
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
Meanwhile our detectors are
)
Meanwhile our detectors are scanning the skies for black holes...shooting stars and flaming pies.
And rather large UFo's on the
)
And rather large UFo's on the 14th... ;-)
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
Hi guys/gals, when I
)
Hi guys/gals,
when I checked my accounts today, I definitely had a strong GW detection sensation ... must be those ripples from the mergers of money-black-holes on Wall Street, what do you think?
CU
Bikeman
RE: Hi guys/gals, when I
)
I think you may have something there...If so...perhaps an alien intelligence will detect those ripples and buy up all the debt on Earth.
RE: I also have a black cat
)
We had a blackie with white socks and white tips on the ears. A beautiful lad was Clyde, who would perform endlessly for a can of fish. Lasted 14 years ....
What it is with fish and cats? Ancient DNA speaking? :-)
Cheers, Mike.
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
RE: Hi guys/gals, when I
)
Old Chinese proverb.... Where there is crises there is opportunity... Maybe the western world will take this opportunity and shift to a more greener economy.. Ahh.. I am being too idealistic..:-)
There are some who can live without wild things and some who cannot. - Aldo Leopold
RE: Old Chinese proverb....
)
We too have been discovering opportunity also ... to roll back some dumb ideas.
In Australia about 20 years ago we had bank 'deregulation' which essentially allowed mixing of commercial and savings roles in the one institution. This has been likened to introducing sharks in a toddler's swimming pool.
The old style 'savings' bank would basically give moderate interest on deposits and a moderate ( but slightly greater ) interest on home loans. The original 'pooling of community resources' concept, and the asset would rarely degrade.
In contrast the commercial banks would be funded by those after a higher return, and in turn lent to those higher risk ventures. At present few of the banks evidently assess lending risk much for commercial ventures. There is not much incentive to, as if an error is made they just crank up the variable rate on the captive home loans to cover. Plonking high fees/penalties for entry and exit into home loan contracts dampens any buyer-side shopping.
Making the good payers bail out the bad is great for the bank but has shocking effects community wide. It also relaxes the need for proper bank governance as the shareholders remain untouched in all this, hence uncomplaining and not applying any feedback under their power as shareholders.
After a generation of this type of bank behaviour most savvy home buyers will insist on rate lock-in for extended periods ( say 5 years + ) or no deal. Some lenders have returned to, or have been created for, a pure savings/home-loan role. They are doing quite well out in the mortgage belts, as most lads and lassies prefer not to lose the lot when some crappy, but large, venture loan goes belly up.
In summary it's probably overdue for a ( re- ) separation/partitioning of risk.
Cheers, Mike.
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
RE: In summary it's
)
In Canada we never deregulated our banks. There were plenty of 'Fat Cats' during 90's that were stressing the idea. Our leverage to capital ratio is about 16 to 1 the lowest in the G8.(Europe is about 35 to 1 and America about 25 to 1) Our banks are well capitalized but we are are not immuned since we represent only about 3 percent of the World capital.
Since I believe Canadian market capitulated today on 600 point drop on heavy volume( our index is heavily resource weighted) Heck Even in the US people were unloading Proctor and Gamble
I am putting some capital to work in first class, well capitalized Natural Gas companies and pipe line companies. Well Capitalized Resource companies now are a bargain in the long term even if they drop another 20 percent.. (They maybe boring stocks)
Edit: The big problem here in North America are these hedge funds which are exclusive clubs of Fat Cats in which people trade in high risk financial instruments that I can not begin to understand. They do serve a purpose because they help make capital flow (more Dynamic) but they need to be regulated
There are some who can live without wild things and some who cannot. - Aldo Leopold
RE: In Canada we never
)
Yeah always good to stick to the low gears. You go faster in a higher gear, of course, but impact is harder!
It's weird when there's panic afoot, and many a shark tidies up on the turns.
Base resources hardly ever go off in the medium to long term, which requires patience however. Metals are always sound ( except perhaps the radioactive ones ).
Cheers, Mike.
( edit )
It's the old 'privatise the gain, but socialise the loss' trick. I don't know of any financial club/institution offering largesse to non-shareholders in the good times, but there's never a shortage of clamour to bailout - in the name of the 'common good' of course - when the rain falls. Call me a cynic if you like, but I'm the kind of guy that doesn't believe door-to-door salesmen who say they have come to help me out .... :-)
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
RE: RE: RE: More cool
)
Ok ... MIB III meets Planet of the Apes.
-LD
________________________________________
my faith