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Thread: Doom and gloom predicted

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    Quote Originally Posted by UncleFai View Post
    http://www.afr.com/business/banking-...0160209-gmpzfp

    Scary... Any comments from industry insiders?
    V highly possible.

    Many banks are already doing things that point to trying to manage an oncoming crisis.

    Example, HSBC announced to all staff worldwide that there is a pay freeze for everyone for 2016. And they showed equity team staff the door just last month.

    And of coz u may already read news on other banks. Standchart is another example. The only bank that i didn't hear any bad news is DBS. but no news doesn't mean good news......

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    Senior Member Dfive's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by UncleFai View Post
    http://www.afr.com/business/banking-...0160209-gmpzfp

    Scary... Any comments from industry insiders?
    Its a likely event.... property will also come down, too many condo purchased by Indo / India and PRC that's made the market go nuts.

    End 2016 is not looking pretty... close to 150 Small Oil companies in USA will start declaring bankruptcy in the next 3-4 months with oil at this level.
    See my WTS items.. :) Any sales is by meet up face to face, payment is cash only.

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    Senior Member Dfive's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by donut88 View Post
    V highly possible.

    Many banks are already doing things that point to trying to manage an oncoming crisis.

    Example, HSBC announced to all staff worldwide that there is a pay freeze for everyone for 2016. And they showed equity team staff the door just last month.

    And of coz u may already read news on other banks. Standchart is another example. The only bank that i didn't hear any bad news is DBS. but no news doesn't mean good news......
    ALL banks are a mess.... issue is right now they as are many countries not prepared for another 2008!
    See my WTS items.. :) Any sales is by meet up face to face, payment is cash only.

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    Quote Originally Posted by Dfive View Post

    ALL banks are a mess.... issue is right now they as are many countries not prepared for another 2008!
    Those cash rich are waiting at the sideline to Buy Buy Buy when time is right

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    Moderator daredevil123's Avatar
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    Default Re: Doom and gloom predicted

    Warnings in the sector has already been given since beginning of last year... brace yourself

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    Senior Member Nikonzen's Avatar
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    Default Re: Doom and gloom predicted

    A blessed year for the blessed and an utterly rotten year for the rest. Buckle up.
    Expand your mind or get left behind

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    Senior Member sammy888's Avatar
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    Default Re: Doom and gloom predicted

    Too Credit Cards and not keeping up with payment... those who are in that situation... it's going to get bumpy... When bank takes a hit, they get more touchy
    A good photo's 45% you, 45% practice & 10% equipment. A bad photo share the same ratio.

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    Senior Member Sion's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by UncleFai View Post
    http://www.afr.com/business/banking-...0160209-gmpzfp

    Scary... Any comments from industry insiders?
    Be positive. Be optimistic. And always hope for a better tomorrow:


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    Senior Member sammy888's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by Sion View Post
    Be positive. Be optimistic. And always hope for a better tomorrow:


    That movie has no happy ending hor IN fact totally very dark ...heheh
    A good photo's 45% you, 45% practice & 10% equipment. A bad photo share the same ratio.

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    Senior Member UncleFai's Avatar
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    Default Re: Doom and gloom predicted


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    Quote Originally Posted by UncleFai View Post
    I don't believe this BS.

    MAS (who sits in IMF executive committee?) works v closely with our banks and they would have anticipated this long time ago. We are not top financial hub for nothing.

    Can't say the same for HK coz their banking system is different from us

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    Moderator Octarine's Avatar
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    Default Re: Doom and gloom predicted

    Staying short of opening a political topic, did you have a look at the owner of CNA?
    Even without this, a variety of opinions must be considered and as usual: the truth is somewhere in the middle between them all.
    EOS

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    Senior Member Sion's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by Octarine View Post
    "the truth is somewhere in the middle between them all" - Octarine.
    Maybe you could save us time by telling us the truth instead of us having to go and read all of the informations?

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    Senior Member Sion's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by donut88 View Post
    I don't believe this BS.
    You don't listen to UncleFai at own risk.

    Don't come running and crying after you've lost all your investments.

  17. #17

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    Quote Originally Posted by Octarine View Post
    Staying short of opening a political topic, did you have a look at the owner of CNA?
    Even without this, a variety of opinions must be considered and as usual: the truth is somewhere in the middle between them all.
    Nothing political at all. CNA is a public platform. Everyone can read it.

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    Senior Member Sion's Avatar
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    Default Re: Doom and gloom predicted

    Quote Originally Posted by donut88 View Post
    Nothing political at all. CNA is a public platform. Everyone can read it.
    Who can write it?

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    Senior Member Nikonzen's Avatar
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    Default Re: Doom and gloom predicted

    Over here they tell us we are in debt to China 19 trillion. So why not cash in some t bills and carry on? Unless USA is a broke joke. I don't know if I buy all of this finance sector the sky is falling business...sounds like propaganda for the bankers of the world.
    Expand your mind or get left behind

  20. #20

    Default Re: Doom and gloom predicted

    Quote Originally Posted by Nikonzen View Post
    Over here they tell us we are in debt to China 19 trillion. So why not cash in some t bills and carry on? Unless USA is a broke joke. I don't know if I buy all of this finance sector the sky is falling business...sounds like propaganda for the bankers of the world.
    not all 19 trillion is with China. I think China holds about 1.3 trillion US debt. China is already selling its US Treasury holding ... not because of credit quality of US but because of China needs for cash.

    Same situation as to why some sovereign wealth fund is liquidating stocks (especially financial).... low oil price resulted in budget deficits and the rich sovereign wealth funds need to liquidate their portfolio.

    Financial sector is not what is used to be ... Investment Banking wasn't as profitable as it once was ... huge amount of regulation after the GFC resulted in banks required to hold lesser risk and more regulatory capital ... and hence lesser return for share holders. Private Banking probably will also take a hard hit under the current stressed environment. Having said these .... i also need to add since banks are much more well capitalised right now ... they should be able to handle the turmoil much better then a decade ago.
    Last edited by DSolZ; 13th February 2016 at 07:50 AM.

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