good lord pic.twitter.com/mcO4G0H8PC
— Alastair Williamson (@StockBoardAsset) October 16, 2019
The Telegraph: The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.
The International Monetary Fund has presented us with a Gothic horror show. The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.
Quantitative easing, zero interest rates, and financial repression across the board have pushed investors – and in the case of pension funds or life insurers, actually forced them – into taking on ever more risk. We have created a monster.
There are ‘amplification’ feedback loops and chain-reactions all over the place. Banks may be safer – though not in Europe or China – but excesses have migrated to a new nexus of shadow-lenders. Woe betide us if this tangle of hidden leverage is soon put to the test.
US corporate-debt-to-GDP at record high.
(via BAML) pic.twitter.com/9B5PApTwxM
— Win Smart, CFA (@WinfieldSmart) October 15, 2019
Goldman's shares outstanding has been reduced by 167 million over the past 10 years on aggressive buyback program (avg $5 billion per yr), currently at at new low (359m shares)… pic.twitter.com/8CGgGVohKv
— Charlie Bilello (@charliebilello) October 16, 2019
I wasn't planning on commenting on $IBM ongoing disaster this quarter, but the results are just jaw dropping. I can't keep quiet.
Net Income -38% !! pic.twitter.com/xQ9k77HZfW
— Stevie Vixx (@vixcontango) October 16, 2019
IMF heightens warnings on corporate debt following central bank cuts t.co/jJNxIkHioy
— Jennifer Ablan (@jennablan) October 16, 2019