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ANZ, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED |
 Posted: Aug 12 2019, 12:47 PM
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 Posts: 9,177 Thanks: 283  |
Chinese Banks No Longer Trust One Another As Repo Rates Skyrocket
Headline from Zerohedge. How much longer before we get the contagion effect taking hold? -------------------- What did Uncle Mel do to us?
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Posted: Aug 10 2019, 02:32 AM
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Posts: 9,177 Thanks: 283 |
It's not just Deutsch Bank. And as interest rates get closer and closer to zero, the incentive for depositors to take their money elsewhere rises accordingly. Leaving banks capital hungry and unable to meet their statutory requirements. Margin call in other words.
If ANZ has exposure to China and we see the flight of capital back to China then its a double whammy. The good news is the money has to go somewhere. So there will be a mother or all asset booms in some asset class somewhere. Stocks and bonds most likely. https://www.zerohedge.com/news/2019-08-09/b...ts-nationalized QUOTE Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized
-------------------- What did Uncle Mel do to us?
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Posted: Jul 17 2019, 11:18 AM
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Posts: 9,177 Thanks: 283 |
Coming to a bank Down Under at some point.
QUOTE Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
-------------------- What did Uncle Mel do to us?
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Posted: Jul 9 2019, 06:58 PM
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Posts: 9,177 Thanks: 283 |
A headline on the Q conspiracy thread. I got a feeling John's Teflon is about to rub off and we will see just what the fibre of his fabric actually is.
He was pretty pal-ly with Obama. Hosted Hillary. Then hosted Obama. All secret squirrel stuff with someone else footing the bill but attention and headlines going to him. Slept with Chinese money. Slagged off Trump when he won. And before. Then fires the CEO of ANZ lest there be some blow back on him. Plenty of good reading in the link. Including many references to Five Eyes. Guess who was in charge of that at the time! We live in interesting times. https://qmap.pub/ QUOTE -------------------- What did Uncle Mel do to us?
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Posted: Jul 9 2019, 11:48 AM
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Posts: 9,177 Thanks: 283 |
Making the headlines. Again. For all the wrong reasons. Again.
https://www.reuters.com/article/us-australi...a-idUSKCN1U404B -------------------- What did Uncle Mel do to us?
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Posted: Jul 1 2019, 07:33 AM
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Posts: 9,177 Thanks: 283 |
The Reserve Bank of NZ is set to cut interest rates again tomorrow. At this rate, the borrow rate of the banks will be higher than the mortgage lend rate if that is still tethered to Reserve Bank rate.
Everything approaching snap point if you ask me. ANZ could become our Fannie Mae/Freddie Mac. -------------------- What did Uncle Mel do to us?
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Posted: Jun 25 2019, 10:05 AM
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Posts: 9,177 Thanks: 283 |
Closer to home, how many other farmers will they owe this to? I am sure there will be more than one. I am just as sure, the liability won't be contained to just NZ either. There must be an A component as well.
This must those WoMD Warren Buffet talked about when he was talking about derivatives. http://www.sharechat.co.nz/article/960704b...ay+25+June+2019 QUOTE The Court of Appeal has overturned a ruling that ANZ Bank New Zealand doesn't have to compensate a Taranaki farming family for the way it had represented the risk attached to interest rate swaps. -------------------- What did Uncle Mel do to us?
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Posted: Jun 25 2019, 07:52 AM
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Posts: 9,177 Thanks: 283 |
More from Zero Hedge. I wonder how much exposure to China ANZ has.
QUOTE China's banking stress has taken a turn for the worse, and on Monday, China's overnight repurchase rate dropped to its lowest level in nearly 10 years, after the central bank’s repeated liquidity injections to ease credit concerns in small-to-medium banks: The rate fell as much as 11 basis points to 0.9861% on Monday, before being fixed at exactly 1.000%.
-------------------- What did Uncle Mel do to us?
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Posted: Jun 22 2019, 08:56 AM
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Posts: 9,177 Thanks: 283 |
...and here's the follow up. Not long to go.
QUOTE China Hit By "Significant Banking Stress" As SHIBOR Plummets To Recession Levels
Beijing is doing everything in its power to keep liquidity flowing within the world's largest, ~$40 trillion, financial system. -------------------- What did Uncle Mel do to us?
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Posted: Jun 20 2019, 01:34 AM
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Posts: 9,177 Thanks: 283 |
Extra. Extra. Read all about it.
Trouble coming. https://www.zerohedge.com/news/2019-06-19/m...-market-freezes -------------------- What did Uncle Mel do to us?
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