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Why Australia can't avoid a recession; (& Canada, Korea, China and others)
Topic Started: 12 Dec 2016, 11:25 PM (8,489 Views)
herbie
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Jon Snow
20 Dec 2016, 08:05 PM
Sure, but Lehman was an investment bank, not an deposit taking institution. APRA has pretty good Chinese wall requirements between the retail and investment arms of domestic banks. We used to run pretty harsh stress tests on the IB side, and the only major risk was credit migration, or a failure to meet the terms of an ISDA. There is not that much prop trading in Australian banks (thank god), mostly market making. The only real risk was for a net exposure to become a gross exposure if the collateral or netting position suddenly turned a vapour. Having said that, I still concede that trading losses could cause solvency issues, which may lead to liquidity issues.


Well, I agree that it would be chaos. The RBA's overnight facility is essentially bottomless, but every term position would need to be unwound and converted to an O/N position, which would have multiple cascading effects on valuations of just about everything. But it most likely still wouldn't cause a liquidity problem for banks, but may do so for corporates with both short and longer term credit facilities.
That woz like listening to a little boy tryin' ta tell his mummy why he reckons he doesn't need ta go ta school today, 'cause he reckons he's already really, really smart - LOL
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Jon Snow
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herbie
20 Dec 2016, 08:45 PM
That woz like listening to a little boy tryin' ta tell his mummy why he reckons he doesn't need ta go ta school today, 'cause he reckons he's already really, really smart - LOL
U mad bruh?
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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herbie
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Jon Snow
20 Dec 2016, 09:16 PM
U mad bruh?
Further clarification required - "mad" as in cranky or "mad" as in crazy? - LOL
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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Jon Snow
20 Dec 2016, 09:16 PM
U mad bruh?
You made the assumption he actually understood any of that.

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herbie
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Well, you were probably still in primary school Simon - So I doubt ya'd understand.

But it's just possible Jon coulda bin mid ta late 20s I 'spose? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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herbie
20 Dec 2016, 09:56 PM
Well, you were probably still in primary school Simon - So I doubt ya'd understand.

But it's just possible Jon coulda bin mid ta late 20s I 'spose? ... :)
Did you write something herbie.......
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stinkbug
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herbie
20 Dec 2016, 09:56 PM


But it's just possible Jon coulda bin mid ta late 20s I 'spose? ... :)
Nah, he'll be one of these 35+ people waiting for the Big Crash, so he can swoop in and buy several houses being sold by weeping investors for cents in the dollar as he cackles at the sky, bony fingers stroking his chin.

:lol
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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herbie
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stinkbug
20 Dec 2016, 10:02 PM
Nah, he'll be one of these 35+ people waiting for the Big Crash, so he can swoop in and buy several houses being sold by weeping investors for cents in the dollar as he cackles at the sky, bony fingers stroking his chin.

:lol
Well, tha GFC woz 8 yrs ago - So if he woz late 20s then that'd make him mid 30s now.

But hey, he can always come 'n buy wif me in a NSW regional I 'spose? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Jon Snow
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herbie
20 Dec 2016, 09:37 PM
Further clarification required - "mad" as in cranky or "mad" as in crazy? - LOL
"mad" as in butthurt.
herbie
20 Dec 2016, 09:56 PM
But it's just possible Jon coulda bin mid ta late 20s I 'spose? ... :)
On innernet fourums I is whatever age I chooses to be.

I can even pretend to be a baby boomer if I lower my IQ by 30 points.
herbie
20 Dec 2016, 10:09 PM
But hey, he can always come 'n buy wif me in a NSW regional I 'spose? ... :)
Let me know where you decide on so I can scratch it off my list of potentials.
Edited by Jon Snow, 20 Dec 2016, 10:24 PM.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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herbie
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Jon Snow
20 Dec 2016, 10:22 PM
I can even pretend to be a baby boomer if I lower my IQ by 30 points.
That's just one more malicious slur against BBs - I's never seen nuthin' writ nowhere wot says our average IQ is 50.

But hey, if ya a Kiwi, that could account for it I 'spose? ... :)
Edited by herbie, 20 Dec 2016, 11:03 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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