Category: UK


Exactly two years ago to the day new headlines were screaming out words to the effect, for example:  China facing full-blown banking crisis, world’s top financial watchdog warns. China is sinking ever deeper into debt, and risks a major banking crisis. via /r/economy

China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog.

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China’s “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution.

It is also significantly higher than the…” etc. That was September 2016!

Fast-forward to September 2019 and … https://www.scmp.com/week-asia/economics/article/2181593/look-us-not-china-2019-financial-crisis-heres-why

After a panicked end to 2018 in the financial markets, and a jittery start to the new year, an increasing number of investors, analysts and economists are beginning to warn about “the crisis of 2019”, as often as not to be followed by “the recession of 2020”.

Part of the reason is simply the feeling that the world is overdue for another downturn.

A look at the economic history of recent decades shows that major financial crashes tend to come along every five to seven years. So, for example, there were the oil crises of the 1970s, the Latin American debt crisis of 1982, the Black Monday stock market crash of 1987, the Tequila Crisis of 1994, the Asian financial crisis of 1997-98, the dotcom bust of 2000 and the worldwide recession that followed, the credit crunch and global financial crisis of 2007-08, and the European debt crisis that peaked in 2012…” And don’t forget about Deutsche Bank

#Bond #Markets: Dealers’ need for #financing to hold their #Treasuries inventory has contributed to the intermittent #spikes in #repo #rates. Guessing #Deutsche #Bank‘s €43.5 trillion notional #derivatives #bonds exposure is becoming a #default #contagion across multiple banks. 
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And where it all went horribly wrong for those in the sToried corridors of power…

In law, if May can’t pass #QueensSpeech, #Corbyn AUTOMATICALLY becomes PM

Source: In law, if May can’t pass #QueensSpeech, #Corbyn AUTOMATICALLY becomes PM

The answer is blowing in the wind…

Theresa May says sorry to her MPs for the ‘mess’ caused by election campaign and vows to ‘get us out of it’

Mrs May’s deal with the DUP threatens 20 years hard work in Ireland.

Northern Ireland Politicians Say Theresa May’s Dependence On The DUP Could Damage The Peace Process

Nationalist leaders warned that the British government couldn’t be an “honest broker” if the PM was relying on the Democratic Unionists to stay in Downing Street.

Posted on June 9, 2017, at 11:38 p.m. and written by Siobhan Fenton, a

It’s a shambles