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chartiskao
Elite |
14-Feb-2024 13:09
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COMMONWEALTH Bank of Australia (CBA) chief executive officer Matt Comyn said risks are mounting in the economy after profit at the country&rsquo s largest lender topped expectations even as it continues to battle strong competition in the mortgage market. Cash profit from continuing operations came in at A$5.02 billion (S$4.4 billion) in the six months ended Dec 31, the Sydney-based firm said on Wednesday (Feb 14). That beat the average estimate of A$4.92 billion in a Bloomberg survey of analysts. With margins under pressure from the fiercely contested market for home loans, investors are scrutinising the bank&rsquo s 20 per cent share price surge since the start of November and are weighing whether expectations have run too far ahead. CEO Comyn, who has been prepared to lose a little market share in mortgages to keep rates elevated, is grappling with softer inflation in Australia and as traders bet that benchmark interest rates will start to come down later this year.  
CBA will pay an interim dividend of A$2.15 per share, topping the estimate for A$2.11, and said it will continue to target a full-year payout ratio of 70 to 80 per cent in its cash profit. Consumer arrears increased in recent months, but remain historically low, reflecting ongoing pressures from higher interest rates and the elevated cost of living, according to the statement. GET BT IN YOUR INBOX DAILY
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sgdaud 1.14 https://www.investing.com/currencies/sgd-aud  
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chartiskao
Elite |
13-Feb-2024 10:17
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as long as the us stocks keep going up high rates do not hurt the Americans as they only rent houses for most of this angmos
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chartiskao
Elite |
13-Feb-2024 10:16
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https://www.investopedia.com/terms/f/fhaloan.asp
https://www.bankrate.com/mortgages/mortgage-rates/#mortgage-industry-insights
90% American own US stocks and only 10% there own properties in Us and the rest rent properties in US
The Asian Americans that own properties in US are taking up FHA loan to finance at lower rates as rates fall 
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chartiskao
Elite |
07-Feb-2024 15:58
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The possibility of the current banking crisis spiraling into something larger, akin to the collapse of Lehman Brothers and subsequent protracted economic downturn, cannot be entirely dismissed. However, whether this scenario materializes depends on various factors, including the effectiveness of policy responses, the resilience of the financial system, and the severity of the underlying issues affecting regional banks. If the crisis escalates unchecked, leading to widespread bank failures and a loss of confidence in the financial system, it could indeed exacerbate economic turmoil. Bank failures can disrupt credit flows, leading to a contraction in lending and investment, which can in turn dampen consumer spending and business activity. This negative feedback loop can deepen economic recessionary pressures. Moreover, the interconnected nature of the global financial system means that problems in one part of the banking sector can quickly spread to other institutions and markets, amplifying the impact. Market panic and investor uncertainty can further exacerbate the situation, leading to broader economic instability. However, policymakers and regulators are likely to be keenly aware of the risks and may take proactive measures to contain the crisis and prevent it from spiraling out of control. This could involve providing liquidity support to troubled banks, implementing regulatory interventions to shore up confidence, and communicating effectively to reassure markets. The lessons learned from past financial crises, including the collapse of Lehman Brothers in 2008, may also inform policymakers' responses and help guide efforts to mitigate systemic risks. Nevertheless, the potential for the current banking crisis to escalate into a broader economic downturn underscores the importance of vigilance, decisive action, and coordination among stakeholders to safeguard financial stability and support economic recovery.  
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chartiskao
Elite |
07-Feb-2024 15:56
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will 2008' s bank run repeat in US again soon? The banking industry, which had previously assumed that clients would maintain their deposits with them, found themselves facing rapid and intense bank runs. These runs unfolded swiftly, catching many bankers off guard. Meanwhile, investors who had been preoccupied with the Federal Reserve' s efforts to combat inflation are now facing a different concern: whether the fallout from the turmoil among regional banks can be contained promptly. The key question now is whether the economic impact of these events can be minimized, allowing the economy to remain on a trajectory similar to the one it was on before the crisis. This uncertainty adds a new layer of complexity to the economic outlook, as market participants assess the potential consequences of the banking sector' s instability. The situation underscores the interconnectedness of the financial system and the broader economy. The health of the banking sector is crucial for maintaining financial stability and supporting economic growth. If the fallout from the turmoil among regional banks can be contained swiftly and effectively, it may mitigate the broader economic impact. However, if the crisis spreads or worsens, it could have more significant repercussions for the economy as a whole. Policymakers, regulators, and market participants will need to closely monitor the situation and take appropriate measures to address any systemic risks. This may involve providing support to troubled banks, implementing regulatory reforms to strengthen the resilience of the financial system, and communicating effectively to maintain confidence in the banking sector.  
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chartiskao
Elite |
07-Feb-2024 15:53
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https://www.wsj.com/articles/first-republic-svb-credit-suisse-show-how-higher-interest-rates-caught-up-with-banks-b7c93ec1
Several potential " grey rhinos" could impact the stock market:
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chartiskao
Elite |
07-Feb-2024 15:45
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will the rich middle east sovereign funds pump money into US' s market if it meet with abigger crisis than 2008 again?
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chartiskao
Elite |
07-Feb-2024 10:51
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before the start of 12 times of US rate hikes to 5.5% in march 2022 The outbreak of the war has not really threatened the functioning of global or European financial markets or financial institutions. Neither has the Covid-19. Clearly, the regulatory and institutional reforms undertaken after the Global Financial Crisis have made the global financial system safer and more resilient.Second, many European countries had become much too dependent on the fossil fuels imported from Russia. Using the vocabulary of swans and rhinos, the Russian energy imports were a grey rhino in the room: an obvious risk that many countries, politicians and firms found convenient to downplay in good times. But now, the rushed transition to other energy producers and sources is speedening inflation, reducing growth and increasing risks to financial stability. Third, the geopolitical tensions have brought new financial stability risks at a forefront. Therefore, we must pay increasing attention in our financial stability analysis for example to financial institutions´ resilience against cyber risks in an interconnected world and on the operational capacity of payment systems under stressed conditions.  
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chartiskao
Elite |
07-Feb-2024 10:47
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usdsgd 1.342 It is impossible to know in advance the exact timing of the onset of a financial crisis. However, crises can and should be analysed and understood ex post. Post mortem analyses of financial crises have shown that many crises have been preceded by the same factors, such as large imbalances in housing markets or excessive risk taking and short-term funding by financial institutions.
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chartiskao
Elite |
07-Feb-2024 10:08
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where to shop when global stock markets run of usd liquidity is liked the drama who is the theif? https://www.youtube.com/watch?v=mSyYTuO20q0
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chartiskao
Elite |
06-Feb-2024 16:57
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https://www.scmp.com/news/hong-kong/society/article/3250898/hong-kong-authorities-consider-taking-back-funds-high-profile-football-match-after-messi-shuns-field
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chartiskao
Elite |
06-Feb-2024 15:13
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educing reliance on the US dollar and transitioning to alternative currencies:
https://sg.finance.yahoo.com/news/malaysia-china-discussing-asian-monetary-010000594.html  
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chartiskao
Elite |
06-Feb-2024 15:09
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China one way trade-sell trade lead to https://uk.finance.yahoo.com/news/foreign-investors-snatched-back-nearly-224745754.html
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chartiskao
Elite |
06-Feb-2024 14:27
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the difference between US and china now is90% of the American ' s money is in stocks and 10% in property whilke in china 90% of the chinese money is in property and 10% in stocks and when the property is crisis then it hit their confidence to spend sharply https://en.wikipedia.org/wiki/Chinese_property_sector_crisis_(2020%E2%80%93present)  
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chartiskao
Elite |
06-Feb-2024 14:24
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Countries seek to reduce their overreliance on the US dollar and enhance their economic sovereignty by diversifying their currency reserves and conducting transactions in alternative currencies. Reducing reliance on the US dollar enables countries to develop their financial systems, pursue economic policies aligned with their national interests, and strengthen their financial objectives. Furthermore, nations that are at odds with the US or face geopolitical pressures may seek to minimize their exposure to the dollar, reducing their vulnerability to potential sanctions or economic pressures. This shift towards a multipolar global financial system, where no single currency dominates, may lead to increased financial inclusivity and reduced vulnerabilities associated with currency fluctuations.
 
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chartiskao
Elite |
06-Feb-2024 14:20
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US' s interest rates and the reswt of the world-the rest need to continue to
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chartiskao
Elite |
06-Feb-2024 14:17
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https://www.ledgerinsights.com/china-digital-rmb-cross-border-gold-iron-payments/
China is the world' s second-largest economy and is becoming increasingly influential in the global trade. China has been promoting the use of its currency, the renminbi, as an alternative to the dollar.
Several factors contribute to China' s promotion of the RMB:
 
 
 
 
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chartiskao
Elite |
06-Feb-2024 14:13
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The US has been involved in several geopolitical conflicts in recent years, including the wars in Iraq and Afghanistan. These conflicts have led to increased tensions between the US and other countries, which has made some countries less willing to use the dollar.
Here are some ways in which geopolitical conflicts have impacted the use of the dollar:
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chartiskao
Elite |
06-Feb-2024 14:10
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why the global financial markets need to kowtow to US ' s FED rate policies?
The over-dependence on a single currency exposes the nation to risks associated with fluctuations in the value of the dollar, changes in US monetary policy, and potential sanctions or restrictions imposed by the US. The US government has been running large budget deficits for years, and this has led to concerns about inflation and the value of the dollar.
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chartiskao
Elite |
06-Feb-2024 14:05
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