asterisk2a + creditrisk   17

EU referendum: Moody's cut UK's credit outlook to 'negative'
EU head Jean-Claude Juncker said it was "not an amicable divorce", but it was "not a tight love affair anyway".
Moody's said the referendum result would have "negative implications for the country's medium-term growth outlook", and it lowered the UK's long term issuer and debt ratings to "negative" from "stable". [...] "In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget."
It also said the UK had one of the largest budget deficits among advanced economies.
Brexit  credit  ratings  creditrating  creditrisk  FDI  foreign  direct  investment  UK  austerity  budget  deficit 
june 2016 by asterisk2a
Market turmoil: Janet Yellen warns that financial conditions have worsened - business live | Business | The Guardian
[ EVEN JUNK BONDS CAN'T BE SAVED BY QE AND NIRP ANYMORE. were able to rollover year after year but seems the buck has stopped, finally. ] “Financial conditions in the United States have recently become less supportive of growth, with declines in broad measures of equity prices, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar. These developments, if they prove persistent, could weigh on the outlook for economic activity and the labor market, although declines in longer-term interest rates and oil prices provide some offset. // >> European high yield spreads have doubled since the ECB moved to neg rates in June '14. Solution? Go more negative. - bit.ly/1SIbMg3 &! Anyone who reached for yield in these securities from 2012-15 is in the red. - bit.ly/1QraRKp &! bit.ly/1nXUDBt //&! See point 8. ZIRP/NIRP is needed to roll over/revolve debt - bit.ly/1O2MRvl
junk  bond  QE  ZIRP  NIRP  zombie  banks  zombie  consumer  zombie  corporations  creditrating  creditrisk  distortion 
february 2016 by asterisk2a
Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus - YouTube
Confidence Fairy - Paul Krugman. (sov debt crisis) only applicable if you don't have a central bank. like Greece. that can do QE as much as you need to stabilise monetary system. ie stop deleveraging, only serving debt. meaning deflation. // different QE, diversity. shift risk appetite to more riskier debt. ... // fiscal activism can't overcome austerity ... // UK has it work because it doesn't have the manufacturing base. but its population is growing, not shrinking. but job creation - multiplier to economy is 1 or lower because of mostly service sector job creation which lot need to access welfare state through tax credits. // min 11. Gordon Brown and Alistair Darling did lots right! GPB depreciation. budget deficit growth. But imports stayed high!!! current account deficit and trade deficit. Austerity undermines growth and BOE policy! cut you future and investment (4-1 ration). UK got no credibility bonus from bond vigilantes, no FDI inflows.
Abenomics  economic  history  secular  stagnation  UK  austerity  Japan  BOE  BOJ  Mark  Carney  deflationary  deflation  demographic  bubble  ageing  population  migration  immigration  Sozialpolitik  Integrationspolitik  Paul  Krugman  JGB  ZIRP  NIRP  QE  liquidity  trap  balance  sheet  recession  Richard  Koo  deleveraging  ECB  TLTRO  LTRO  debt  monetisation  debt  monetization  monetary  policy  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  unconventional  monetary  policy  monetary  system  financial  repression  distortion  speculative  bubbles  creditrating  creditrisk  junk  bond  NPL  credit  bubble  recovery  George  Osborne  Fiscal  Pact  Schuldenbremse  Super  Cycle  sovereign  debt  crisis  debtoverhang  currency-war  currency  debasement  currency  war  current  account  deficit  trade  deficit  IMF  OBR  foreign  direct  investment  Conservative  Party  nasty  fairness  Generationengerechtigkeit  policy  folly  policy  error 
january 2016 by asterisk2a
BBC Documentary - The Money Trap - How Banks Control the World Through Debt - YouTube
most profitable credit card debt customers are those making just the minimum payment. ... a credit card being a statement of status! retaining customers by upgrading them regularly w higher limits, new colors, new perks (they will never use). // unsecured lending - DEFINITION of 'Unsecured Loan' A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. // revolving debt // the higher your credit limit, the more you are likely to spend. // half of his income to just serve credit card fees and interest charges (no payments towards paying down) debt ... // banks lend irresponsibly bc they know they can get away with it, or somebody else will do it! because there is not regulation. no bank oversight. //&! The Truth about Payday Loans :Young, British and Broke - youtu.be/-yWxTvffbuE //&! Gambling/Betting Shops on Highstreet.
retail  banking  investment  banking  CDO  CDS  subprime  credit  card  debt  credit  card  financial  literacy  household  debt  mortgage  market  Payday  Loans  exploitation  debt  servitude  student  loan  debt  Bubble  property  ethics  moral  beliefs  revolving  debt  consumer  debt  debtoverhang  debt  Super  Cycle  student  debt  private  debt  status  symbol  instant  gratification  status  anxiety  socioeconomic  status  zombie  consumer  consumerist  consumerism  Protection  overdraft  materialism  crony  capitalism  capitalism  NPL  NINJA  Wall  Street  profit  maximisation  shareholder  value  bonuses  bonus  financial  incentive  incentive  creditrating  credit  creditrisk  credit  score  self-regulation  Bank  Oversight  financial  instruments  derivatives 
january 2016 by asterisk2a
"How The Investment Grade Dominos Will Fall" - UBS Explains | Zero Hedge
According to Citigroup's Matt King, it is now officially too late to save junk debt, which has entered the final stage of the credit cycle, the one where defaults for high yield bonds rise with every passing month. [...] we estimate that nearly $1tn of speculative-grade credits are at risk of default over the next downturn, as the stock of low-quality credit has soared. [...] These developments are a negative headwind for investment-grade corporates in 2016.
creditrating  creditrisk  NPL  corporate  debt  ZIRP  NIRP  QE  distortion  speculative  bubbles  debt  monetisation  debt  monetization  leverage  junk  bond  sovereign  debt  crisis  PIGS  monetary  policy  emerging  market  Frontier  Markets  BRIC  economic  history  Taper  QT  M&A 
january 2016 by asterisk2a
World Bank warns on US rate rise - BBC News
[ game of chicken ] [ can private sector carry forward the little bit of recovery/growth the western world got in a rising interest rate world, that will eat away spending bc of higher repayment rates amid little to no wage growth !!! ] [W]arned developing countries to brace themselves for possible financial turbulence when the US Federal Reserve starts to raise interest rates. It could come as early as Thursday when the Fed concludes a policy meeting. A new report from the World Bank says there will probably be a modest impact on developing countries. But it also warns there is some risk that it could be worse. The Bank says it is possible that there would be sufficient disruption to capital flows into developing countries to harm economic growth and financial stability. //&! bit.ly/1QhP6Of //&! youtu.be/G8lCqhCbrA4 //&! youtu.be/KH1UlvgXqTE = bond sell-off move in anticipation of Taper. //&! strength of dollar added already 25bps - youtu.be/zWrxFszwrsQ &! youtu.be/lpTkQqEQmE4
Taper  Fed  BOE  2015  BIS  ZIRP  NIRP  QE  Richard  Koo  reflate  reflation  asset  bubble  hunt  for  yield  FOMO  frothy  World  Bank  distortion  unknown  unkown  unintended  consequences  capital  allocation  asset  allocation  speculative  bubbles  speculative  speculation  monetary  policy  monetary  transmission  mechanism  liquidity  trap  monetary  theory  GFC  recovery  credit  bubble  China  BRIC  Brazil  India  South  Africa  Russia  Europe  UK  BOJ  Abenomics  liquidity  credit  squeeze  excess  reserves  PBOC  economic  history  creditcrunch  credit  crunch  ECB  commodity  prices  energy  price  Oil  price  OPEC  petrodollar  QT  FX  reserves  global  trade  New  Normal  secular  stagnation  faultlines  Structural  Impediments  imbalance  western  deflationary  deflation  austerity  fiscal  policy  monetary  stimulus  monetary  system  debt  monetisation  debt  monetization  unconventional  monetary  policy  debtoverhang  refinancing  creditrating  creditrisk  deleveraging  private  debt  household  debt  disposable  income  discretionary  spending  wage  stagnation  wage  growth  income  growth  income  distribution  low  income  inequality  Gini  coefficient  squeezed  middle  class  downward  mobility  working  poor  precarious  work  Zero  Hour  Contract  Contractor  self-employment  Zeitarbeit  Leiharbeit  Sozialer  Abstieg  j 
september 2015 by asterisk2a
Standard and Poor's sieht wachsende Finanzrisiken für Europäische Union - SPIEGEL ONLINE
Die Bonität der EU könnte sich verschlechtern - die Ratingagentur Standard & Poor's senkte den Ausblick auf negativ. Zu den Gründen gehört neben neuen Hilfen für Griechenland auch der Investitionsplan von Kommissionspräsident Juncker. [...] S&P geht davon aus, dass die EU im Zusammenhang mit der Finanzierung das Erstrisiko tragen könnte. [...] S&P senkte erst vor Kurzem für Großbritannien ebenfalls den Ausblick auf negativ.
Europe  UK  European  Union  creditrating  creditrisk  recovery  2015  zombie  banks  economic  growth  austerity  Schuldenbremse  Fiscal  Pact  ECB  monetary  policy  policy  economic  history  Career  Politicians  policy  folly  policy  error  political  folly  No  Representation 
august 2015 by asterisk2a
Hedge funds tell Puerto Rico: lay off teachers and close schools to pay us back | World news | The Guardian
Report commissioned by 34 hedge funds says government had been ‘massively overspending on education’ despite spending only 79% of US average per pupil [...] The group of 34 hedge funds hired former International Monetary Fund (IMF) economists to come up with a solution to Puerto Rico’s debt crisis after the island’s governor declared its $72bn debt “unpayable” – paving the way for bankruptcy. [...] The funds are “distressed debt” specialists, also known as vulture funds [ Heuschrecken], and several have also sought to make money out of crises in Greece and Argentina, the collapse of Lehman Brothers and the near collapse of Co-op Bank in the UK. // // they are implicit in lending money to a low grade borrower and took on the risk for higher interest rates. instead of looking out for long-term productive investment that benefit society, they go for the investment by click from a Bloomberg Panel, to meet their ROI at year end for their clients, promised in their annual letter.
Wall  Street  Hedge  Fund  crony  capitalism  ethical  machine  capitalism  Greece  banking  crisis  zombie  banks  investment  banking  economic  history  moral  beliefs  ethical  beliefs  ethics  creditrating  creditrisk  IMF  austerity  production  vulture  funds  Heuschreckendebatte  Private  Equity  Opportunism  opportunist  exploitation  Worldbank  World  Bank  Puerto  Rico  financial  market 
july 2015 by asterisk2a
Konjunktur in EU: Analyse des ersten Halbjahrs 2014 - SPIEGEL ONLINE
In anderen Euroländern dagegen ist die Lage bedenklich. Vor allem Frankreich und Italien, die nach Deutschland größten Volkswirtschaften des Währungsraums, haben große strukturelle Probleme. Und in Krisenstaaten wie Griechenland, Spanien und Portugal geht es dank schmerzhafter Spar- und Reformprogramme zwar inzwischen wieder leicht bergauf mit der Wirtschaft. Doch die Gefahr eines Rückfalls in die Krise ist noch immer groß. || http://www.spiegel.de/wirtschaft/unternehmen/eurostat-inflation-in-euro-laendern-sinkt-auf-rekordtief-a-986068.html - Neue Zahlen von der europäischen Statistikbehörde Eurostat: Die Inflation in den 18 Ländern im Euroraum ist so niedrig wie seit fast fünf Jahren nicht mehr. Das Wirtschaftswachstum kommt zum Stillstand. || + http://www.spiegel.de/wirtschaft/soziales/bip-deutsche-wirtschaft-schrumpft-um-0-2-prozent-a-986028.html + http://www.spiegel.de/wirtschaft/unternehmen/diw-chef-fratzscher-hoehere-loehne-und-konjunktur-a-986124.html "Investitionen!"
France  Germany  PIGS  Eurpope  sovereign  debt  crisis  2014  stagflation  secular  stagnation  stagnation  ECB  QE  ZIRP  NIRP  liquidity  trap  monetary  transmission  mechanism  creditcrunch  deleveraging  balance  sheet  recession  debtoverhang  Richard  Koo  economic  history  Structural  Impediments  imbalance  deficit  budget  deficit  liberal  economic  reform  NPL  zombie  banks  Career  Politicians  policy  folly  policy  error  monetary  policy  unconventional  monetary  policy  fiscal  policy  austerity  faultlines  divergence  Super  Cycle  lost  generation  lost  decade  debt  bubble  bond  bubble  hunt  for  yield  infrastructure  investment  investment  debt  monetization  debt  monetisation  haircut  debt  jubilee  debt  restructuring  public  debt  productivity  output  gap  corporatism  crony  capitalism  coward  risk  sentiment  risk  taking  creditrating  creditrisk  working  poor  Gini  coefficient  income  inequality  squeezed  middle  class  social  mobility  income  mobility  inequality 
august 2014 by asterisk2a
Gefahr durch Niedrigzinsen - YouTube
ZIRP  NIRP  QE  asset  bubble  speculative  bubbles  Wall  Street  bond  bubble  PIGS  Fed  ECB  BOJ  Abenomics  BOE  GFC  unintended  consequences  unknown  unknowns  Europe  UK  USA  monetary  policy  unconventional  monetary  policy  monetary  transmission  mechanism  risk  taking  EuropeanSystemicRiskBoard  creditrisk  hunt  for  yield  deflation  deflationary  secular  stagnation  2014  balance  sheet  recession  deleveraging  Betongold  Beton  Gold  debtoverhang  Debt  Super  Cycle  sovereign  crisis  property  bubble  Germany  monetization  monetisation  NPL  IBS  zombie  banks  recovery  greatrecession  Structural  Impediments  deficit  unemployment  imbalance  faultlines  output  gap  productivity 
august 2014 by asterisk2a
Live chart: The low countries - YouTube
Timothy Geithner says no risk of U.S. losing it's AAA credit rating - http://youtu.be/0HDCvqgxrrE || Geithner: Japan's 'Lost Decade' Not America's Fate - http://youtu.be/fax8BIPKcP8 "the hope it's gonna heal itself, to hope you can grow yourself out of it" growing your way out of it" || +!!! Timothy Geithner Fired Robert Shiller? http://youtu.be/bIwBEYoSqKY >> economics has no humans in it !!! no real world example. Conventional wisdom so strong. "We've got too scientific." And anybody who is 'flaky' gets pushed out [Robert Schiller]. >>Wenn du dich auf andere verlaesst, bist du verlassen.<< || Robert Shiller: Speculative Asset Prices - http://youtu.be/oBXPOWytDMs "present value". google.co.uk/search?q=present+value+Robert+Schiller || + Robert Shiller: Nobel Prize Winning Economist - http://youtu.be/ABvtKGrIDUs "it can't be an exact science (forecasting) because of the complexity, mass data; uncertain, certain, and data that can't be put in numbers, storystelling -> feedback loops ...
bond  bubble  Japan  USA  UK  Europe  Germany  hunt  for  yield  lost  decade  lost  generation  deflation  deflationary  liquidity  trap  financial  repression  economic  history  Tim  Geithner  Timothy  Geithner  austerity  balance  sheet  recession  Richardkoo  Richard  Koo  creditrating  creditrisk  debt  monetization  debt  monetisation  QE  ZIRP  NIRP  monetary  transmission  mechanism  monetary  policy  monetary  stimulus  unconventional  monetary  policy  monetary  theory  Super  Cycle  debt  jubilee  GFC  deleveraging  debtoverhang  Career  Politicians  Makers  policy  folly  policy  error  toobigtofail  TBTF  systemrelevanz  Lobbying  lobbyist  lobby  fiscal  stimulus  fiscal  sovereignty  PIGS  sovereign  debt  crisis  Thomas  Piketty  Mobile  Creative  Mobile  Creatives  flat  world  globalisation  globalization  savings  glut  faultlines  Structural  Impediments  unemployment  deficit  imbalance  GDP  economic  model  Robert  Skidelsky  Robert  Reich  Paul  Krugman  consumer  debt  public  debt  debt  restructuring  household  debt  zombie  banks  creditcrunch  creditcrisis  ECB  BOE  BOJ  Abenomics  Fed  BuBa  leadership  Democratic  Process  democracy  trust  trustagent  confidence  greatrecession  greatdepression  history  evolution  Why  Software  Is  Eating  the  Software  Is  Eating  skill-biased  techn 
june 2014 by asterisk2a
US-Klage gegen S&P: Details der Klageschrift - SPIEGEL ONLINE
Der Analyst scheint ziemlich baff. "Dieser Deal ist lächerlich", schreibt er einer Kollegin in einer E-Mail. "Wir sollten ihm kein Rating geben." Die Kollegin sieht das ähnlich - wenn auch nur bedingt: "Das Modell erfasst nicht mal die Hälfte des Risikos", stimmt sie zu. Aber: "Wir geben jedem Deal ein Rating… Er könnte von Kühen strukturiert werden, wir würden ihm ein Rating geben." Der saloppe Wortwechsel stammt vom April 2007, dem Beginn der US-Kreditkrise. Besagter "Deal" war ein besonders wackliges Hypothekenpapier - und die Analysten, die sich darüber lustig machen, arbeiten für Standard & Poor's (S&P), eine der drei großen Rating-Agenturen Amerikas. ist ein regelrechter Finanzkrimi: Gnadenlos enthüllt er, wie Insider lange vor anderen wussten, dass der Crash kommen würde - und trotzdem fleißig weiterzockten, um abzukassieren.
2008  GFC  creditrating  CDS  accountability  creditcrunch  WallStreet  creditrisk  corruption  subprime  CDO  ratingagencies  insider-trading 
february 2013 by asterisk2a
China Faces Delicate Task of Reining In Bank Lending - NYTimes.com
When China announced three weeks ago that its economy had grown by 7.1 percent in the first half of this year, this country appeared to be a lone bright spot during the global recession.

But many economists now worry that too much of China’s growth was fueled by aggressive, state-directed lending that could eventually result in a soaring number of bad loans and mounting government debt.

While banks in the United States and Europe are still reluctant to make loans because of fears they will not get their money back, Chinese banks issued a record 7.4 trillion yuan, or $1.1 trillion, in loans during the first six months of this year, mostly to big state-owned companies and government infrastructure projects.
china  creditline  creditrisk  debt  banking  economy  baddebt  economics  asia  shortcut:bad  choice  made  / 
august 2009 by asterisk2a

related tags

/  Abenomics  Abstieg  account  accountability  accounting  Africa  ageing  Alan  alangreenspan  allocation  and  angelamerkel  antitrust  anxiety  Arentina  asia  asset  austerity  baddebt  bafin  balance  Bank  banking  banks  basel3  behavioral  beliefs  Ben  benbernanke  Bernanke  Beton  Betongold  big  BIS  Blue-collar  BOE  BOJ  bond  bonus  bonuses  book  Brazil  Brexit  BRIC  BuBa  bubble  bubbles  budget  capital  capitalism  card  Career  Carney  CDO  CDS  change  china  choice  class  coefficient  commodity  complexity  confidence  conflict  consequences  Conservative  consumer  consumerism  consumerist  Contract  Contractor  corporate  corporations  corporatism  corruption  counterpartyrisk  coward  Creative  Creatives  credit  creditcrisis  creditcrunch  creditline  creditrating  creditrisk  crisis  crony  crunch  currency  currency-war  current  Cycle  debasement  debt  debtoverhang  decade  deficit  deflation  deflationary  deleveraging  Demand  democracy  Democratic  demographic  derivatives  direct  discretionary  disposable  distortion  distribution  divergence  Dodd-Frank  downward  Eating  ECB  economic  economics  economy  emerging  energy  Equity  error  ethical  ethics  Europe  European  EuropeanSystemicRiskBoard  Eurpope  evolution  excess  exploitation  fail  fairness  faultlines  FDI  Fed  finance  financial  fiscal  flat  folly  FOMO  for  foreign  France  Free  Frontier  frothy  Fund  funds  FX  gap  GDP  Geithner  generation  Generationengerechtigkeit  George  Germany  GFC  Gini  global  globalisation  globalization  glut  Gold  gratification  Great  greatdepression  greatrecession  Greece  Greenspan  growth  haircut  Hedge  hedgefunds  Heuschreckendebatte  history  Hour  household  hunt  IBS  imbalance  IMF  immigration  Impediments  incentive  income  India  inequality  infrastructure  insider-trading  instant  instruments  Integrationspolitik  interest  investment  Is  jail  Japan  JGB  job  josefackermann  jubilee  junk  knowledge  Koo  Krugman  leadership  Leiharbeit  leverage  liberal  liquidity  literacy  loan  Loans  lobby  Lobbying  lobbyist  lost  low  LTCM  LTRO  Lunch  M&A  machine  made  Makers  Mark  market  Markets  materialism  maximisation  mechanism  middle  migration  Mobile  mobility  model  Moderation  monetary  monetisation  monetization  moral  moralhazard  morals  mortgage  Nassim  nassimtaleb  nasty  New  NINJA  NIRP  No  Normal  NPL  OBR  of  Oil  oligopol  oligopoly  OPEC  Opportunism  opportunist  Osborne  output  overdraft  Oversight  Pact  Party  Paul  Payday  PBOC  petrodollar  PIGS  PIIGS  Piketty  policy  political  Politicians  poor  population  precarious  price  prices  private  Process  production  productivity  profit  property  Protection  public  Puerto  QE  QT  ratingagencies  ratings  recession  recovery  refinancing  reflate  reflation  reform  regulation  Reich  Representation  repression  reserves  restructuring  retail  revolving  Richard  Richardkoo  Rico  risk  risk-management  risk-taking  Robert  Russia  savings  scarcity  Schuldenbremse  score  secular  security  self-employment  self-regulation  sentiment  servitude  shadowbanking  shareholder  sheet  short-term  shortcut:bad  Skidelsky  skill-biased  social  socioeconomic  Software  South  sovereign  sovereignty  Sozialer  Sozialpolitik  speculation  speculative  spending  squeeze  squeezed  stagflation  stagnation  status  stimulus  Street  Structural  student  subprime  Super  Supply  symbol  system  systemicrisk  systemrelevanz  taking  Taleb  Taper  TBTF  technological  the  theory  thinking  Thomas  Tim  Timothy  TLTRO  to  too  toobigtofail  trade  transmission  trap  trust  trustagent  UK  unconventional  underemployed  unemployment  unintended  Union  unknown  unknowns  unkown  USA  value  view  vulture  wage  Wall  WallStreet  war  western  White-collar  Why  work  worker  working  world  Worldbank  yield  Zeitarbeit  Zero  ZIRP  zombie 

Copy this bookmark:



description:


tags: