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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 151 of 462
  1. sgreenwell

    sgreenwell Well-Known Member

    Ultimately, if someone isn't paying on a car loan, it's probably far easier for a bank or dealership to find and tow it, to reclaim the asset, vs. kicking someone out of a home. For some of the sleazier car places, it's the entire business plan.
     
    sgreenwell, Oct 7, 2022
    #1801
    JimmyHoward33 likes this.
  2. Hermes

    Hermes Well-Known Member

    And the closer they are to paying it off, the more attractive it is to repossess.
     
    Hermes, Oct 7, 2022
    #1802
  3. goalmouth

    goalmouth Well-Known Member

    Your daily American shitstorm: Farmers in the upper Midwest forced to half-load barges on the Mississippi bound for the Gulf due to lowest water in 10 years due to drought. Traffic halted at Vicksburg and maybe Memphis. Costing buyers two dollars more per bushel of soybeans. Trains not an option per lack of available freight cars.
     
    goalmouth, Oct 8, 2022
    #1803
  4. TigerVols

    TigerVols Well-Known Member

    The wheels are falling off this country
     
    TigerVols, Oct 8, 2022
    #1804
  5. goalmouth

    goalmouth Well-Known Member

    Wheels? It's a barge story! (Unless I missed the joke.]
     
    goalmouth, Oct 8, 2022
    #1805
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    The Big Ragu, Oct 11, 2022
    #1806
  7. doctorquant

    doctorquant Well-Known Member

    doctorquant, Oct 11, 2022
    #1807
  8. heyabbott

    heyabbott Well-Known Member

    D6498757-6A03-4B4C-B6CF-34E310379E7B.jpeg
     
    heyabbott, Oct 11, 2022
    #1808
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

    Bank of England's Bailey tells pension funds they have 3 days to rebalance
    Bank of England's Bailey tells pension funds they have 3 days to rebalance | Financial Post
    BOE’s Bailey Has a Message for Funds: ‘You've Got Three Days’ to Wind Up Positions

    Something is going to break. It may not be this, but now we will find out where all the overleverage is concentrated as long as they the central banks don't pivot like cowards.

    In the last link from my post this morning, pension funds were begging the BOE to extend their buying up dogshit bonds with money being created out of thin air until 10/31. They were buying inflation-linked bonds for the first time to try to prop up the gilt. ... And then. ... late in the day, Andrew Bailey told them they have 3 days to rebalance and then the central bank is pulling its support.

    It's creating some turmoil.
     
    The Big Ragu, Oct 11, 2022
    #1809
  10. wicked

    wicked Well-Known Member

    Explain it to me like I'm a 5-year-old. /smallpotatoes
     
    wicked, Oct 11, 2022
    #1810
  11. Twirling Time

    Twirling Time Well-Known Member

    "Well, when Mommy and Daddy love each other, sometimes Daddy asks Mommy to roll over ..."
     
    Twirling Time, Oct 11, 2022
    #1811
    wicked and maumann like this.
  12. maumann

    maumann Well-Known Member

    Wait, are you saying the Bank of England is suffering from inflational dysfunction? Or just prefers to do it in the analysis?
     
    maumann, Oct 11, 2022
    #1812
    wicked likes this.
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