OCTOBER 14, 2016
"Some believe Hanjin's bankruptcy signals that quantitative easing has no more power, and a global recession is on the horizon."
“Hardly a surprise,” says Lim Say Boon, chief investment officers at DBS Wealth Management in Singapore. “This is a crisis that has been waiting to happen. In shipping, as in many sectors, capacity has been steadily growing due to overly rosy forecasting and the availability of credit at historically low interest rates. Despite massive overcapacity, the biggest container ships that have ever sailed are still being built.”
According to Lim,
“Many think the Hanjin crisis a sign that quantitative easing in all its forms has run out of steam and absent this artificial stimulus to GDP growth—be it in China, Korea or the US—we will soon face another recession.”
Some believe Hanjin's bankruptcy signals that quantitative easing has no more power, and a global recession is on the horizon.
www.gfmag.com
"The first coronavirus COVID-19 case was discovered in China in December 2019 and didn’t become a major issue in the United States until February 2020. But on October 7, 2019
we reported that Wall Street banks had announced a staggering 68,000 job cuts as the Fed pumped $310 billion more in unprecedented loans to Wall Street. That doesn’t sound like there was “nothing fundamentally wrong with our economy,” the narrative that Powell is pushing.
On October 9
we reported that Powell had appeared at a speaking event in Denver at the National Association of Business Economists and acknowledged that a larger, long-term bailout of Wall Street was on its way. That also doesn’t sound like everything was fine in the financial world before the coronavirus hit.
On January 27, 2020, again before any reported death from coronavirus in the U.S., we reported that
Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash. Again, that doesn’t sound like there was nothing fundamentally wrong before the coronavirus hit.
By Pam Martens and Russ Martens: April 1, 2020 ~ On March 26 Federal Reserve Chairman Jerome Powell went on the Today show to deliver one message: “There
wallstreetonparade.com
"The new, 34-year old Democratic Senator from Georgia, Jon Ossoff, let a very big cat out of the bag at yesterday’s Senate Banking hearing.
For at least a year, from September 17, 2019 through at least September 30, 2020, the New York Fed, acting as an agent for the Federal Reserve, doled out a cumulative $9 trillion or more in repo loans. The Fed would say only that the money was going to some of its 24 Primary Dealers on Wall Street, without naming any specific bank receiving the money. In June of 2020, the New York Fed abruptly stopped reporting the dollar amounts it was pumping out each day.
The emergency repo loans by the Fed began months before there was any case of COVID-19 reported anywhere in the world."
By Pam Martens and Russ Martens: March 3, 2021 ~ The new, 34-year old Democratic Senator from Georgia, Jon Ossoff, let a very big cat out of the bag at
wallstreetonparade.com