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    Daily Digest 10/26 – Bad Loan Charges To Hit Singapore Banks, Housing Bubble Different Than 2008 But Equally Scary

    by DailyDigest

    Wednesday, October 26, 2016, 12:36 PM


Bad Loan Charges to Hit Singapore’s Three Biggest Banks

Lenders are setting aside more money for loan losses tied to the oil and gas industry, which has been hurt by lower energy prices. Bank profits have also come under pressure from a weakening domestic economy and a slump in the Singapore interbank offered rate — one of the benchmarks for local interest rates — to a one-year low, which has curbed the amount lenders charge for loans.

Weak South African Economy Muddies Budget as Downgrade Looms

Low commodity prices, sluggish global demand and the worst drought in more than a century have weighed on output and boosted inflation in Africa’s most-industrialized economy, while policy uncertainty and political turmoil have pushed business confidence to a three-decade low. The nation is at risk of losing its investment-grade credit rating as S&P Global Ratings and Fitch Ratings Ltd., which put South Africa at the lowest investment grade, are due to review their assessments by the end of the year.

Canada’s Record Household Debt Is Threatening Its Financial Stability

The combined debt of Canadian governments, companies and households reached $4.4 trillion in the first quarter, or 288 percent of gross domestic product, exceeding the same gauge for the U.S., the U.K. and Italy, according to the Bank for International Settlements.

As Europe and Asia hoard cash, economists see echoes of crisis

The surge in flows echoes a wave of investment in the years right before the financial crisis, when mostly European investors snapped up billions of dollars of mortgage-backed securities before the US housing market imploded.

Ratings Inflation Is Back, Subprime Style

In 2015 alone, U.S. companies borrowed a record $1.6 trillion in the bond markets, with $258 billion of that going to finance acquisitions by investment-grade companies, Barclays Plc says. According to Morgan Stanley, corporate America is now more leveraged than ever.

This Housing Bubble Is Different Than 2008, But Equally As Scary

But when rates rise this starts a whole new problem that could have severe economic ramification. The impact of higher rates would be twofold; home prices would likely move lower while mortgage payments increase. Even with a rate hike, there would still be a large number of potential buyers that don’t have the capital or equity to meet the down payment requirement.

Bank of Canada: rate cut would bring unconventional tools closer

With rates already so low, the bank has laid out a number of unconventional measures that are in its toolkit if need be, including negative interest rates, asset purchases and forward guidance. It has said there is not a prescribed order for using those tools.

BOJ official says new policy is not firm target for yields: Nikkei

Under a new “yield curve control” framework, the BOJ’s main means for monetary easing would be to deepen negative interest rates from the current minus 0.1 percent, or lower its 10-year bond yield target – now set at around zero percent.

Swiss cenbank could cut rates more if needed – SNB’s Jordan

The Swiss National Bank could cut its negative interest rates even more if needed, SNB Chairman Thomas Jordan said on Monday. “We have not yet reached the lower bound. Where it is exactly I cannot say,” he told a question-and-answer session after giving a lecture at an economic conference in Basel.

Saudi Bond Sale Spurs Gulf Borrowing to Record With More to Come

Saudi Arabia’s $17.5 billion international bond sale, the largest ever from an emerging market, boosted the amount raised through loans and bonds in the six-nation Gulf Cooperation Council to $151 billion, according to data compiled by Bloomberg, eclipsing the full-year record of $142 billion set in 2007.

Austria’s 70-Year Debt Sale Expands Europe’s Ultra-Long Universe

The sale follows this year’s century bond offerings from Belgium and Ireland, as well as 50-year deals from France, Italy and Spain, as countries take advantage of historically low interest rates to issue ultra-long debt. The 100-year bond sales by Belgium and Ireland were private placements for 100 million euros each.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/24/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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  • Wed, Oct 26, 2016 - 2:49pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    China's Banks Are Running Out of Ways to Keep Profits Growing

    Japanese Fleeing Negative Rates Take Refuge in Indian Yields

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  • Wed, Oct 26, 2016 - 8:42pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    More than 1/4 Trillion in new debt in 30 days

    The Daily History of the Debt Results

    Historical returns from 09/25/2016 through 10/25/2016

    The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

    ( Debt Held by the Public vs. Intragovernmental Holdings )

    Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
    09/23/2016 14,133,690,092,042.80 5,391,072,885,676.82 19,524,762,977,719.62
    09/26/2016 14,133,540,381,801.80 5,396,048,120,946.87 19,529,588,502,748.67
    09/27/2016 14,133,914,249,908.12 5,402,940,266,373.59 19,536,854,516,281.71
    09/28/2016 14,134,459,589,754.46 5,385,472,778,092.82 19,519,932,367,847.28
    09/29/2016 14,148,919,195,185.48 5,383,971,038,667.69 19,532,890,233,853.17
    09/30/2016 14,173,423,516,895.82 5,400,021,197,040.97 19,573,444,713,936.79
    10/03/2016 14,169,562,468,883.59 5,473,387,273,677.92 19,642,949,742,561.51
    10/04/2016 14,170,607,259,402.13 5,488,853,387,758.70 19,659,460,647,160.83
    10/05/2016 14,170,897,492,757.91 5,492,514,005,039.49 19,663,411,497,797.40
    10/06/2016 14,191,998,688,412.48 5,496,774,917,705.06 19,688,773,606,117.54
    10/07/2016 14,192,019,528,044.50 5,495,404,952,914.64 19,687,424,480,959.14
    10/11/2016 14,191,727,340,124.70 5,502,589,257,087.44 19,694,316,597,212.14
    10/12/2016 14,192,469,293,335.61 5,496,212,562,862.46 19,688,681,856,198.07
    10/13/2016 14,225,008,508,056.12 5,495,822,314,247.37 19,720,830,822,303.49
    10/14/2016 14,224,929,303,468.67 5,496,689,254,335.10 19,721,618,557,803.77
    10/17/2016 14,250,368,582,399.09 5,505,195,434,753.88 19,755,564,017,152.97
    10/18/2016 14,250,776,102,656.20 5,515,803,925,593.21 19,766,580,028,249.41
    10/19/2016 14,251,115,177,983.21 5,503,141,883,898.95 19,754,257,061,882.16
    10/20/2016 14,280,302,905,411.90 5,505,282,284,466.22 19,785,585,189,878.12
    10/21/2016 14,280,596,088,761.43 5,505,844,666,542.37 19,786,440,755,303.80
    10/24/2016 14,280,600,879,535.61 5,507,419,808,984.92 19,788,020,688,520.53
    10/25/2016 14,281,263,358,831.04 5,527,241,493,376.17 19,808,504,852,207.21


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  • Wed, Oct 26, 2016 - 10:01pm


    Sterling Cornaby

    Status Bronze Member (Offline)

    Joined: Sep 05 2012

    Posts: 150

    three rules for rulers

    Here is a new video by cpg Grey outlining rules for holding power.  I thought it was great, I learned some stuff, and it goes well with ideas on the deep state.  It seems right in line with stuff people here at PP are about; understanding the world we live in.



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  • Thu, Oct 27, 2016 - 2:42am


    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    My Response on Zerohedge to rules for rulers.

    Wrong model.

    The King is naturally allied  to the peasantry. 

    Their common enemy are the Aristocracy. 

    A well run society keeps these three levels in balance.

    The Aristocracy tries to foment a peasant revolution against the King. 

    The King must tend to his peasants. 

    Appeals to the Crown by the peasantry must be taken seriously.  They are used to beat the Aristocracy around the head and shoulders.

    The King must foment petty jealousy amongst the aristocracy.  Hence the Courts of Versailles, Washington, The Kremlin and Canberra .

    The reason that the US democracy is in trouble is because the King has been captured by the aristocracy. 

    The reason that he has been captured is because he has always been drawn from the peasantry. 

    It takes many generations to make a good King. 

    It takes one bad King to set the society back to the rule of the aristocracy. 

    And the Aristocracy is the natural enemy of the peasants. 

    But I see the begginings of a King in The USA.

    If you are a peasant you must support him, but ensure that he does not destroy the aristocracy,  because

    In a well run society all three layers need to be in constant warfare. 

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  • Thu, Oct 27, 2016 - 2:49am



    Status Bronze Member (Offline)

    Joined: Dec 23 2012

    Posts: 316

    Fracking and childhood leukemia?

    Check it out on ibtimes.com

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  • Thu, Oct 27, 2016 - 3:05am



    Status Bronze Member (Offline)

    Joined: Dec 23 2012

    Posts: 316

    Worried about Retirement?

    Check out Dave Sirotas investigative report on Blackstones push to bring in Wall Streets bid to take over every Americans retirement.Also,take note of hedge funds funding Republican campaigns in order to take control of state pensions across the country,Please note-the nasty guys here-Sirota is an equal opportunity slayer,regardless of party….It is a 3 part series.The tabloid,fear infested blogs have not gotten wind of it yet.Trust Sirota….

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  • Thu, Oct 27, 2016 - 4:07am



    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Ben Swann nails it

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  • Thu, Oct 27, 2016 - 2:52pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    China capital flight flashes warning as authorities forced to pr

    China capital flight flashes warning as authorities forced to prick …

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  • Thu, Oct 27, 2016 - 8:24pm

    Reply to #3


    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3108

    thumbs up for "rulers" video


    So that's literally the best video ever on the mechanics of power.  I found it totally worth my 20 minute time investment, and its something we should be teaching kids in middle school, at the very least.

    2 million views already.


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