@BOBrien451 @PeterStefanovi2 Over 30% from 2010 until now for an MP lets compare that to civil service employees which is closer to half that.
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Cobra_Capital
212 posts
Cobra_Capital
@CapitalCobra
trying to keep the wolves from the door
London, England Katılım Kasım 2020
75 Takip Edilen7 Takipçiler
🚨Calling all UK News shows🚨
Public services such as healthcare & education are free at the point of use. This means that consumers do not pay for them directly & so they do not affect the inflation statistics. Please don’t let the PM & ministers get away with this boll****
Peter Stefanovic@PeterStefanovi2
Rishi Sunak says giving our nurses & doctors inflation busting pay rises will bake in inflation or even accelerate it. Its just complete boll**** & he knows it! A claim rubbished by most economists If you think the public deserve the TRUTH RT this widely
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@cjoye A pause let the hikes run through system, A$ moves lower importing inflation leads to a couple more hikes
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Is the hiking cycle over, or do we get another round of hikes after a much-needed pause?
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@cjoye The fact that at last reval the funds had actually marked up their private asset holdings in the face of public markets being lower and rates being markedly higher (the fundamental drivers of private asset valuations) is one of the craziest things ever
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Devalue private assets, regulators tell super funds afr.com/policy/tax-and…
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@Peston Read the prospectus for CS AT1 lesson us know what you are buying
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Attached is my favourite statement of the new banking crisis. It is the Bank of England saying it disagrees with the decision of the Swiss authorities to wipe out Credit Suisse’s CoCo bonds while preserving more than $3bn of value in Credit Suisse’s common equity. I know…
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@TheKouk Commodities lower = A$ lower; commodities priced in US$ = higher prices in A$ on top of this the govt budget takes a bigger hit c'mon Kouk you can do a lit better
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Commodity prices in free fall - disinflation here we come...
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@TheEconomist Let's rephrase that to how many banks have appropriate interest rate hedging policies and how many don't!
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How many banks have loaded up on securities, or made lots of fixed-rate loans, and are uncomfortably exposed to flighty deposits? Silicon Valley Bank may be the start of something grimmer econ.st/3mYXNJr
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@TheKouk Do, the wealth effect is back = consumer confidence up = more spending = demand pull inflation = rates continue higher leading to what with house prices.....
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It must be driving the house price crash brigade mad - in fact I know it is.
House prices half way through March: % change
Sydney +0.5%
Melbourne +0.1%
Brisbane 0.0%
Adelaide -0.2%
Perth +0.2%
5 cities +0.3%
Stephen Koukoulas@TheKouk
House prices are finding a base, driven by hot demand from rapid population growth & limited new suppy. After a 0.1% fall in Feb, house prices are up a little in March. Looks like the low point is about now with prices set to edge up in the 2nd half of 2023. My Two Minute Take
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@WallStreetSilv Pretty sure they are holding to maturity and aren't a forced seller to pay back depositors
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If you thought SVB was bad ... The Fed is sitting on unrealized losses of ~$1.2 trillion on their $8.3 trillion bond portfolio.
And the Fed is losing money every day by paying $$$ to commercial banks via reverse repos.
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Why Silicon Valley Bank Died (UPDATED)... I have added a little extra detail citing LCRs, NSFRs etc for banking wonks. But I have not mentioned Level 2 HQLA allowed in the US, which is probably a bit much for this article bit.ly/3l5BzES
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@BobEUnlimited @henlohenro @DeFi_Dad How do you figure that out, GS pretty clear on want to build out wealth mngt business not more retail / trading
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@henlohenro @DeFi_Dad Could be. That’s why a Goldman might be the best outcome given it’s a small bank.
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Hearing from some insiders:
-big banks actively working on buying svb business
-fdic considering insurance / liquidity covering up to 95pct of uninsured depositors to acquirer
-Monday 250k on track
-50pct of uninsured paid out next wk
Cant confirm myself but seemed worth sharing
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@TheKouk Severe banking problems or a bank or 2 with terrible business models?
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Severe banking problems in the US?
RIsing unemployment rate, slowing wages growth.
Stocks hammered; bonds rallying super hard.
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@psimpsonmorgan The Mtge market between Australia and USA couldn't be more different, US a mtgee issues a fixed rate bond for their mtge for tenor , Aus floating rate for tenor. Australia needs a mtge bond market for mtgees
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@AvidCommentator It is very interesting that the most hyper capitalists and libertarians are always the first to say this time its different and a bail out is needed
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No.
Companies need to learn that the era of taxpayer funded bailouts is over.
Normal rules of capitalism should apply for all, not just the lower/middle classes.
Pepperstone@PepperstoneFX
*ACKMAN:GOV SHOULD MULL SVB BAILOUT IF NO PRIVATE CAPITAL OPTION Bill thinking this could blow up 😱 #SVB
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@MichaelPascoe01 @smh @theage Mr Keating spot on, as always amazing this garbage comes out just when relations with China are getting back on track to where they should be
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@TheKouk On the back of what? Demand still going very strong in services and house prices proving resilient
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A quick survey of the competent economists. Just about all are forecasting rate cuts in 9 to 18 months.
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Jim Chalmers’ has made an extraordinary decision to place a job ad for new Reserve Bank board members. It shows Australia’s business elite are no longer welcome. bit.ly/41udRTe
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@TheKouk @YahooFinanceAU As I've said previously I will take theother side of that trade
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The fall in house prices is coming to an end ... the house price doomsters are very quiet at the moment au.finance.yahoo.com/news/opinion-f… via @YahooFinanceAU
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@AvidCommentator The market is so different to the big short it is untrue
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When it comes to the Aussie property market some compare it to the Big Short, while others say things are different.
There are huge risks & if the underlying setting were the same as U.S 2008, it would be looking quite dire.
But they arent.
Australia has the power of pretend.
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@KylePorterCBS @NoLayingUp I'm not sure id call Nick Taylors performance impotent on Sunday, the guy was absolutely flushing it
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One thing @nolayingup and I were discussing on the range last week is that we wish there was a better way to contextualize or communicate how good the Nick Taylors of the world are at golf because it would enhance how freakish the Rahms and Schefflers are.
Like, if Nick Taylor went out to your club (or any club), he would absolutely abuse everyone in sight. And yet he almost always looks impotent in the presence of top 10 players in the world. Maybe we really should just let a +1 or +2 play every tournament just for the context.
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