Oh really? Anything?
Posted on 08/30/2016 7:47:57 AM PDT by Lorianne
The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.'s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms.
European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum's results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.
The current uncertainty over when the U.K. will start the process of quitting the EU has banks on tenterhooks. But a source told CNBC that banks are "preparing for an economic nuclear winter situation."
Speaking on the condition of anonymity due to the sensitive nature of the topic, a source from a major investment bank told CNBC that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.
"This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now," the source said.
The source further explained that the challenge in 2016 is nothing compared to when the Lehman Brothers collapsed in 2008 and the banking sector is this time a lot more resilient. "Markets hate uncertainty and the events this year have unfortunately created a lot of mystery around what is going to happen next."
(Excerpt) Read more at cnbc.com ...
“Speaking on the condition of anonymity due to the sensitive nature of the topic...
“Sensitive” how, exactly?”
Maybe they don’t want to become like those dozens of high level bankers that committed ‘suicide’ over the past couple of years.
That’s my take anyway.
Oh really? Anything?
Not only has there not been hyperinflation, there’s been deflation.
Cash is king during a banking crisis.
But cash is just another asset and its value (relative to other assets) goes up and down depending on economic circumstances.
To sleep at night be sure to own a variety of assets.
“Thing is, I’d really also like to keep a rooster so I have a more self-sustaining flock.... But how will he affect the eggs we collect? Will they all be fertilized? Just some of them? And do I have to keep him sequestered from the hens so he doesn’t breed with all of them?”
As I’m sure you know, you won’t have ANY sustaining flock without a rooster, but why would you want to keep him sequestered? If you have a particularly aggressive rooster that is damaging the hens, that is, drawing blood, then just try another. There’s nothing wrong with him breeding all the hens. As you also probably know, even if every egg has been fertilized, without a good brood hen that goes off and sits on her eggs, you won’t have any sustainability. A gentle rooster is a good asset to the flock. Just eat all the new young roosters before they get too tough. I always liked to keep three or four around, but that was for about 100 hens, give or take.
Is there a link to an article to what Bill Bonnder had to say? Watching video is somewhat problematic for me.
How does that impact egg quality with a rooster around? We tend to give a lot away and I’m wondering if there will be blood spots etc. in the eggs that people will turn up their noses at.
The hens are Orpingtons/Australorps so I’m hoping at least one will go broody when the time comes. The sequestration idea is so I know who is breeding with who to keep the genetics at their peak. But maybe I’m overthinking this.
Little tip for anyone contemplating a move from city/suburbs out to the country. There’s an insane amount of stuff to learn! :)
Exactly. It will be deflation, followed by inflation, followed by hyperinflation. They’ve been really, REALLY trying to get us out of the deflation part. That is one reason for the push for the higher minimum wage. Higher wage floor means higher price floor.
We always keep a rooster on hand. The fun thing is that every now and then one of the hens will start brooding and, sure enough, you get a few chicks. We have three right now that are two months old.
A rooster is really good to have. One thing we’ve discovered is that it really does protect the hens. They have a language. We’ve actually seen the rooster spot a hawk and send out a call and the rest of the chickens come running and they all hide under the porch. It’s pretty cool.
Fertilization is only a problem if you leave an egg under a hen for a while. We’ve only come across one egg with “a bone in it” and we had no business trying to use those eggs. They had been left in the henhouse too long.
However, only keep ONE rooster. It’s not hard. If you have several and leave them be, you’ll eventually only have one, if you get my drift.
For that all I can recommend is google. The videos work best for me because I can listen to them while I do something else. But I’m sure you can find the same stuff in print if you look around.
Depends on how much you owe on debt and how old you are.
I used to pull to pay off debt, but I’ve stopped that now.
I’m still young enough to recoup any losses I may see in the short term. It’s always that stubborn unknown though.
A sure sign will be skyrocketing interest rates. Banks gotta make up for losses by putting the screws on the people who DO pay their bills and did NOT cause the problem.
I’m already getting notices from credit card companies. My rate will jump from 8% to 23.4% in October. The only recourse to keep the 8% rate is to shut the account and pay off the balance.
IOW, time to go Galt, folks.
A suddenly implosion of the Chinese economy will literally take the entire planet’s economic engine with it.
If you want to keep the genetics pure, you would have to isolate, but why bother unless you plan to sell either chicks or fertilized eggs and need to definitively state which variety they are. Even so, if you can settle for keeping just one of the varieties true to breed, just don’t allow any hens from the other to brood. As Mr Douglas stated, if you keep more than one rooster, the potential for fights arises if they’re confined together, but if you grow your flock, and they have plenty of room, a few roosters will learn to survive together, with the younger, older, and weaker ones eventually running away at the sight of the dominate one. The blood spots that occassionally form inside of the eggs have nothing to do with being fertilized or not. I’ve had really good luck with Orpingtons, and I also like Ameraucanas for their blue eggs and their uncanny ability to survive. They seem to avoid the foxes, coyotes, and hawks better than many other breeds.
“A suddenly implosion of the Chinese economy will literally take the entire planet’s economic engine with it.”
Not really. Just make sure you’ve got extra popcorn, and you should be fine.
Did he suggest buying gold from Rosaland Capital, at the end of the article?
Whether they get fertilized or not is irrelevant, if you process them without the hen sitting on them for a few weeks.
I am.
Can’t think of a time I’d rather be alive. There were no such thing as ‘the good old days, as far as I am concerned. Just because I revere the Constitution doesn’t mean I am pining away for some mythical past where everything was better. We need to preserve and restore our republic and republican experiment, but I wouldn’t go back to the 1950’s, or 1850’s or any other time.
We don't have that downside...we live 24/7/365 on our utterly secluded top of the knob piece of heaven. We sit on our deck, watch the sunrise, can go down to the pool for an early morning refresher, have breakfast on the deck while we get 'ready' for what the day is about to bring our way.
We can look out over the paddock and enjoy our horses grazing.
In the heat of the day the pool is inviting, and best of all, there is no chlorine in the pool...we sanitize with hydrogen peroxide. We also ignore the 'experts' who say our calcium hardness is too low...our pool, all 25,000 gallons, has been filled with water from our home's soft water system.
We are secluded, and we are 25 miles from the heart of Ohio's Amish community...they are all armed and will fight for freedoms like the best of freedom loving Americans.
As the ad says, '...Freedom's safest place...'.
I use credit, sometimes for brief periods maximize it, but pay no interest. I pay in full each month, and 'earn' money using the 'debt', and/or I get six or twelve or eighteen or twenty four months no interest. But I always manage it.
We get what we want when we want it. We plan what we want next and when we want it. Works for us. And I am old enough to enjoy retirement and financially sound enough to be able to do that.
I was born in FDR's first term. Lived in the 'depression'. Didn't know it. My father didn't let us know that we were 'poor'. And because of that, we weren't.
And even worse, there will be nobody to replace it. Surely not here in America where the guys who used to run the factories are now working at McDonald’s because they can’t afford to retire and everything that couldn’t be shipped out of the factory they worked at was scrapped decades ago.
China’s competitors can’t even hold a candle to the sheer amount and variety of goods. That’s not just scary because markets could collapse unintentionally, but that also China could very well get the bright idea to get something they want because their enemy relies on them for so much.
Seriously, imagine China suddenly stopping exports of all consumer electronics to the USA. Every Millennial would be in the streets, millions strong, when the supply of Iphones and Xboxes ran out. Ferguson would look like a catfight at a sweet 16 party. After a week or two of chaos China could walk into the White House and demand almost anything they wanted.
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