darkmarket

Members
  • Content Count

    65
  • Joined

  • Last visited

About darkmarket

  • Rank
    Advanced Member

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. darkmarket

    Bye bye Treason May?

    https://www.reuters.com/article/us-germany-china-schroeder-idUSKCN1NL1UM Germany's Schroeder warns against demonizing China ...Known for his close ties to Russia, Schroeder is also a long-time advocate of a closer relationship with China.
  2. darkmarket

    Bye bye Treason May?

    She's also asking for a vote in the Cabinet. They lied about having support at that level too: "When Esther first raised issue of a vote in Cabinet everyone laughed nervously. Then they realised she was serious." https://twitter.com/Steven_Swinford/status/1062836248606314497
  3. darkmarket

    Bye bye Treason May?

    I've worked in quite a few countries now, and we're all feeling like this, right across the world. Some of us have the freedom to try, others don't. But at some point we can't all run away from our problems.
  4. darkmarket

    The dud Kangaroo bounce thread

    The UK does seem exposed to the same risk. Could work out a few ways but I don't see any good ones for the highly leveraged.
  5. darkmarket

    The dud Kangaroo bounce thread

    It's really a disaster of a political class you have, I hope a few of them who've been speculating with their own money too learn a few lessons. Much respect for your objectivity too, pity there aren't more with that viewpoint.
  6. darkmarket

    The dud Kangaroo bounce thread

    Pressure on the banking and shadow banking system in China seems relentless now. I'm keeping an eye for signs they're able to force sales of properties in Australia to repay loans extended in China.
  7. darkmarket

    The dud Kangaroo bounce thread

    Louis Christopher has some interesting figures where he factors unreported listings into a final clearance rate, comes out even lower than what the auction houses claim: https://twitter.com/LouiChristopher/status/1058642413932044288 Long way below that 50% level they said would confirm a crash.
  8. It's subprime all over again, any wonder so many banks don't want to touch it. Good trick though how they've turned two generations of the middle class into a mountain of subprime debt.
  9. darkmarket

    Telford, twinned with Rotherham

    Today's Times2 touches on this actually, talking about the Islamic marriage contract called the nikah in a piece on muslim-only dating. As a nikah is sufficient to comply with Sharia, a civil marriage is optional, so there's a distinction that would allow for marriages that don't comply with national law but do comply with Sharia. On the other hand, I can't find any figures for nikah / civil marriage ratios in the UK.
  10. darkmarket

    Telford, twinned with Rotherham

    I was quite surprised at how true this is. 21% of Pakistani girls under 18 are married, 3% under 16. The legal age for marriage is 16, and has been since 1929. In 2016, an attempt to raise this age to 18 was prevented by Pakistan's Council of Islamic Ideology due to its incompatibility with Sharia: The Council of Islamic Ideology was created as part of the 1973 constitution, to ensure legislation complies with the Qur'an and Sunnah. This formalised compliance with Sharia, which was part of Pakistan's raison d'être and founding constitution. https://www.girlsnotbrides.org/child-marriage/pakistan/ https://pakistan.unfpa.org/sites/default/files/pub-pdf/SWOP 2017 report (1).pdf https://english.alarabiya.net/en/News/asia/2016/01/15/Pakistani-clerics-block-un-Islamic-child-marriage-bill.html
  11. darkmarket

    Wheels coming off HE bubble

    All the more likely because tourism and education are among the very few areas where China runs a trade deficit. Given they've run out of goods to tariff so can't match the next wave coming from Trump, there's a chance these cards will get played. Huge single point of failure, huge strategic error.
  12. This is what the BoE chap who went on LBC recently admitted.
  13. Leveraged Loan Market Warnings Have Been Ignored For Over Five Years Former Federal Reserve Chair Janet Yellen expressed her concerns about the significant growth of covenant-lite leveraged loans in an interview with Mr. Sam Fleming of The Financial Times. Yesterday, she stated “I am worried about the systemic risks associated with these loans. There has been a huge deterioration in standards; covenants have been loosened in leveraged lending.” And now over five years later, the leveraged loan market in the U.S. is over $1.3 trillion. When an economic downturn begins, covenant-lite loans, which are over 70% of the leveraged loan market in the U.S., are at higher risk of default than other similar loans because lenders have fewer protections. Not only are banks at risk when they hold these loans on their balance sheets, but so are a wide array of global investors, such as pension funds, insurance companies, and asset managers, to whom banks transfer the risk in the form of collateralized loan obligations (CLOs) which are disproportionally backed by leveraged loans. https://www.forbes.com/sites/mayrarodriguezvalladares/2018/10/26/leveragedloanmarketwarningshavebeenignoredforoveriveyears/ Yep, looks like we'll hear more about this.
  14. darkmarket

    The dud Kangaroo bounce thread

    Looks like those bank shorts are in the money already.