stock market crash

[MrMarkyMark]

I was working at one of the biggest hedge funds in 2012/2013. They were converting to using HSBC for everything. They believed that HSBC just cannot fail - if they were one bank left it would be HSBC.

They can always go back to their roots....

Most of its commodity trade can be traced back to importing raw Opium directly from India into the eighty Chinese trade ports, with a common stop-off in the British port of Hong Kong.

HSBC and The Opium Wars: HSBC's Success After British Defeated China

[scooterscot]

Just because it seems unfathomable should not be a reason of can't. If it does happen I'm certain you'll see the US & UK governments confiscate personal holding of gold.


Fitch Revises HSBC's Outlook to Negative on Coronavirus Outbreak



HSBC to cut 35,000 jobs worldwide as profits plunge


HSBC warns of restructuring pain ahead as outlook darkens - It's like everyone forgot about the troubles in Hong Kong since the virus business. Trouble is still brewing in little China, growing by the day. Nothing to see here. Everything is fine. Oh look cherry blossom.


Kyle Bass Says Hong Kong Headed for ‘Full-Fledged’ Bank Crisis

[DimPrawn]

You believe all these internet gurus don't you?

Dollar to collapse!
USA to collapse!
China to collapse!
Bitcoin to go to $1M!

etc

[scooterscot]

Firstly I do my own research - always. Following that I take information from all sides. Hearing an argument from one side is pointless. I need to know what the bulls & the bears are thinking before making my decisions, you should do the same.

The take aways from the above video which I can confirm are factual and correct (since you can't be bothered watching it):

1) HSBC is 850% of Hong Kong's GDP, where 32% of its revenue comes from. Hong Kong housing bubble is insane, just in front of Munich. Iceland's banking system was around 700% to GDP before collapse.

2) Hong Kong dollar is pegged to the US dollar at a ratio of 7.75 per US dollar. The peg is at increasing risk of collapse, HSBC knows this and is bricking it. The suddenly increasing dollar strength is only accelerating the HK dollar weakness. If the peg breaks, HK interest rates will shoot up 5%+ thereby collapsing the economy. HSBC is bust at this point. And Gold ETF up and smoke.

3) Rates on the most expense mortgage property in the world are adjustable monthly in Hong Kong. Guess which bank holds them


Basically HSBC are between a rock and a hard place. And if you think this is a strong bank with a future, I suggest a study in the years leading up to 2007 with RBS. But RBS is over a hundred years old, it can't collapse! Yeah... whatever.

[AtW]

Firstly I do my own research - always.

[ChimpMaster]

You believe all these internet gurus don't you?

Dollar to collapse!
USA to collapse!
China to collapse!
Bitcoin to go to $1M!

etc

Permabear mentality. They wish for the end of the world just so that they can make a bit of money out of the misery and pain inflicted on everyone else.

It's like shorting shares in airlines and praying the their planes to crash, just so that you can make some money.

There are many fools are hoping for a deep recession or a depression - they think they will benefit by being able to pick up cheap shares or cheap houses. The reality will be far darker, one in which everyone will suffer, including the permabears. There will be no winners.

[DimPrawn]

It's like shorting shares in airlines and praying the their planes to crash, just so that you can make some money.

You say that like it makes me a bad person.

[Highland]

BP nationalised.

Shell £2500 per share.

7 year old articles about HSBC stopping atm withdrawals.

YouTube videos.

"research".

[MrMarkyMark]

BP nationalised.

Shell £2500 per share.

7 year old articles about HSBC stopping atm withdrawals.

YouTube videos.

"research".

Doomsters and Gloomsters by the sounds of it

[scooterscot]

There are many fools are hoping for a deep recession or a depression - they think they will benefit by being able to pick up cheap shares or cheap houses. The reality will be far darker, one in which everyone will suffer, including the permabears. There will be no winners.

There'll be winners - and if you've just agreed with yourself to lose then that's what will happen.

5 Great Depression Success Stories


I reckon the 2020's will see the greatest entrepreneurial movement ever. They are many bright minds locked up indoors at the minute... now that's not going to last but it will be a
catalyst.

PS: not permabear. I was bull in 2017 - remember? And I'm certainly not wishing for bad things to happen. However I can acknowledge they are going to happen. Debt cycles are well understood by many and many can profit from them when the collapse. Just because I choose to do so does not make me a bad person. Indeed I'll be happy to pay it forward if I'm afforded that position.