Tag Archives: hsbc

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Tagged hsbc, jp morgan, silver futures, silver vigilante, sprott

HSBC says sun is setting on the dollar [Updated]

Posted on September 21, 2009 by stacyherbert| 71 Comments

Stacy Summary: H/t @Mike/Liverpool for the article. Of course, HSBC has been talking about this for the past few years and they are no doubt right for the medium to long term; but, in the short term, this headline is probably a contrarian indicator. Right now, bullish sentiment on the dollar is at only 3% which is lower than where it was just before the dollar turned around last year and rallied ferociously.

HSBC bids farewell to dollar supremacy

“The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,” he said

Update: Video on dollar carry trade that might interest you.

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Tagged hsbc, us dollar

Headlines, Headlines, Headlines – 14 April 2009 [Updated]

Posted on April 14, 2009 by stacyherbert| 23 Comments

Stacy Summary: Another day, another headline outlining the devastating consequences of monopoly and monoculture. First the ‘too big to fail’ banks wiped out the financial system, now the identikit towns across the UK (and US no doubt) are threatening the spread of ‘ghost towns.’

Retail monopolies warn of UK ‘ghost towns’ if they don’t receive taxpayer funds

HSBC faces another crisis due to exposure to US consumer

US personal bankruptcies soar despite 2005 debt laws

Singapore’s economy plummets 20 percent in first quarter

Updates:

Germany bans GM corn

BlackRock confirms Goldman Q1 profits were result of taxpayer to AIG wealth transfer conduit

How to puff up earnings Goldman Sachs style

Halifax offering 120 pc remortgages to ‘rescue’ borrowers in negative equity

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Tagged 2005 bankruptcy laws, aig, gdp, germany, ghost town, gm corn, goldman sachs, halifax, hbos, hsbc, monoculture, negative equity, retail monopoly, singapore

Headlines, Headlines, Headlines: 25 March 2009

Posted on March 25, 2009 by admin| 14 Comments

Anti-dollar contagion is spreading!

Of course, we have been talking about this since the original Death of the Dollar in 2006 and earlier on Resonance FM.

And . . an anti-sterling sentiment begins as gilt auction fails

AIG plane leasing unit says survival in doubt without access to funds from bailed out parent

Japan’s exports halved in February

HSBC faces years of pain for US deal that went horribly wrong

HSBC conceded yesterday that its purchase of Household International, the US sub-prime lender, had been a $15 billion blunder and would continue to drain the bank’s resources for another two years.

The full scale of the disaster was laid out for shareholders as the bank unveiled plans for a £12.5 billion rights issue to shore up its balance sheet.

Foreigners ain’t going to return to the US market for a long, long time. Obama, Geithner, Bernanke and Summers can toss all the dosh they want at their cronies on Wall Street, no bank anywhere in the world is going to ever buy any debt related to or collateralized by the US consumer until memories fail or the US consumer actually manages to secure decent wages (unlikely for this generation).