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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (136644)11/10/2017 12:30:19 PM
From: elmatador  Read Replies (2) | Respond to of 217822
 
With that DJT has got his second mandate. DJT 2020!



To: TobagoJack who wrote (136644)11/10/2017 4:21:12 PM
From: Gemlaoshi  Read Replies (1) | Respond to of 217822
 
re <<China's Big Bang Moment Opens Banks, Brokers to Foreign Control>>

Let's see...what could possibly go wrong!
Barings barfed on Japanese derivatives after liberalization of the Japanese market. 20 years on, there is still no major western banking presence in Japan.

AIG undone by writing derivatives in London after the Big Bang.

So China invites US financial institutions to participate in its liberalization at the very top of a credit bubble.

Rule #1 in writing derivatives is to know who has physical possession of the underlying assets (and how do you get possession in case of default). As is, that seems to be a major challenge in China at present.

I just don't understand why China thinks it needs new ICMBs...it is playing the US so well in the economic/financial game.

But I am probably just an old cynic...what could possibly go wrong!