Remember
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Some breath-taking facts about the Chinese financial system.
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Obviously not an Enron or Blockbuster stock holder
Probably have time to post a few over next couple months. Strictly small easy scalps. Each produces between 1 and 2 percent increase in account size – adds up nicely if you have developed a decent size account.
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Have recently opened short on EU, it could after all be a bad move…
If you think the FED has it covered - start panicing - worth watching ALL of this.
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Well…
The 2008 crash was caused by Greenspan et al ending the zero-rate money supply and jacking up rates to 5% over an 18-month period.
Arguably they should have never gone to zero in the first place, maybe that is the major lesson which was not perceived.
So now, after a second extended period of zero rates … when rates go to non-zero at a measurable mark, even if it is invisible to most because it is in the Repo market, we are going to start seeing bankruptcies … the tip of the iceberg.
This is the creation of Richard Nixon when he unhooked the US$ from Gold in order to be able to create more money than was actually available.
Maybe I will start believing in God … there is nobody else to pray to.
I agree Ex I am expecting a nasty shock at some time. I have been intrigued for a while about the banks in the U,K, sending postal reminders that the Financial Services Compensation Scheme (FSCS) covers only up to £85k of savings.
Debt levels are at extraordinary levels around the globe and people receive virtually no interest on savings.
It seems a particularly dodgy mix to me just hope I am wrong
The weakening of the $ is deliberate because all the other ones are weakening, that’s all.
It’s a race to the bottom of the ugly sisters.
US doesn’t want export’s to rocket which they would.
You just trade it when risk looks good. ; )
One of my UK stock plays, has recently published an update on its assets.
The company is winding down and returning assets to shareholders.
The most recent disclosure appears to make the US$ NAV around $3.87
The fly in the ointment is recovery of an investment made into Princeton
If you assume a total loss on Princeton (unlikely IMHO) the Nav reduces to $2.94
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RDL/14296710.html
The current share price is GBX 211 which is fractionally less than the scenario with total loss on Princeton. Therefore, if you are feeling brave, the maximum possible win is in excess of 40% if you buy now; and with a Princeton total-wipe-out it is only a 7% gain.
There is also currency exposure risk, the figures above are using GBP = US$1.3
The company continues to receive income from its investments and is periodically distributing the income using dividend payments. The last dividend payment was quite recent so another dividend is unlikely this year unless it is a capital distribution payment.
Here is an earlier asset-list update which includes details on the Princeton holding.
Don’t bet the farm…
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RDL/14279378.html
