LULD circuit breakers are only in effect during trading hours. Pre-market and after-market is free for all, unless the stock is REGSHO listed for example.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 7:17 pmPretty sure that trading is suspended on ANY stock that falls 75% in a day so watch this space?
Credit Crunch 2.0 about to start?
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REGSHO stops short selling on a security when prices have decreased by 10% or more during the trading day,mandating that new bids be above the current price.Alexandra wrote: ↑Mon Mar 13, 2023 9:18 pmLULD circuit breakers are only in effect during trading hours. Pre-market and after-market is free for all, unless the stock is REGSHO listed for example.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 7:17 pmPretty sure that trading is suspended on ANY stock that falls 75% in a day so watch this space?
There are three classes of people: those who see, those who see when they are shown, those who do not see. ~ Leonardo da Vinci
Ya, I know. SSR is triggered. There is also the uptick rule.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 10:27 pmREGSHO stops short selling on a security when prices have decreased by 10% or more during the trading day,mandating that new bids be above the current price.
None of those matter very much in practice for the average schmo. Institutions are fined fractions of what they make from illegal practices and only consider it the cost of doing business.
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To be fair you’re hardly covering yourself in glory there either as far as maturity goes. You went for the irrelevant ad hominem first, and clutched pearls as soon as you got the kind of response you were clearly angling for.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 2:52 pmYou’re just embarrassing yourself here now mate how old are you 12?YaTingPom wrote: ↑Mon Mar 13, 2023 2:14 pmYes, your mum only last night, actually.
You’d have been better off just adding YTP to the blocked list like I did ages ago.
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Naked shorting,spoofing and market crashes are only illegal if you’re an individual and not a financial institution,dem’s da rules!Alexandra wrote: ↑Mon Mar 13, 2023 11:10 pmYa, I know. SSR is triggered. There is also the uptick rule.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 10:27 pmREGSHO stops short selling on a security when prices have decreased by 10% or more during the trading day,mandating that new bids be above the current price.
None of those matter very much in practice for the average schmo. Institutions are fined fractions of what they make from illegal practices and only consider it the cost of doing business.
There are three classes of people: those who see, those who see when they are shown, those who do not see. ~ Leonardo da Vinci
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Why on earth would I block him there is much more fun to be had at his expense?nerdlinger wrote: ↑Tue Mar 14, 2023 12:23 amTo be fair you’re hardly covering yourself in glory there either as far as maturity goes. You went for the irrelevant ad hominem first, and clutched pearls as soon as you got the kind of response you were clearly angling for.Phnom Penh Trader wrote: ↑Mon Mar 13, 2023 2:52 pmYou’re just embarrassing yourself here now mate how old are you 12?YaTingPom wrote: ↑Mon Mar 13, 2023 2:14 pmYes, your mum only last night, actually.
You’d have been better off just adding YTP to the blocked list like I did ages ago.
There are three classes of people: those who see, those who see when they are shown, those who do not see. ~ Leonardo da Vinci
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I just read an interesting supposition regarding the role of social media coupled with enhanced electronic banking resulting in runs on banks based upon viral rumour rather than fact. The lack of "friction" in the system undermines existing frameworks and allows for self-fulfilling prophesies.
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That is exactly why Central Bankers are generally told not to make political comments under any circumstances,unfortunately nobody told ex-Vampire Squid Canuck Mark ‘Carnage’ Carney during his tenure at the Bank of England!Prahok wrote: ↑Tue Mar 14, 2023 3:46 amI just read an interesting supposition regarding the role of social media coupled with enhanced electronic banking resulting in runs on banks based upon viral rumour rather than fact. The lack of "friction" in the system undermines existing frameworks and allows for self-fulfilling prophesies.
Alan Greenspan was the master of saying everything and yet nothing.
There are three classes of people: those who see, those who see when they are shown, those who do not see. ~ Leonardo da Vinci
I think he absolutely nailed itPrahok wrote: ↑Tue Mar 14, 2023 3:46 amI just read an interesting supposition regarding the role of social media coupled with enhanced electronic banking resulting in runs on banks based upon viral rumour rather than fact. The lack of "friction" in the system undermines existing frameworks and allows for self-fulfilling prophesies.
Great feed
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He absolutely has.logos wrote: ↑Tue Mar 14, 2023 6:56 amI think he absolutely nailed itPrahok wrote: ↑Tue Mar 14, 2023 3:46 amI just read an interesting supposition regarding the role of social media coupled with enhanced electronic banking resulting in runs on banks based upon viral rumour rather than fact. The lack of "friction" in the system undermines existing frameworks and allows for self-fulfilling prophesies.
Great feed
I remember the run on Northern Rock in UK during late noughties. It lasted days, funds were slow to leave. People were queuing for hours outside banks. Bank branches didn’t have the cash on hand to pay out to people emptying their account.
These days we can transfer from on the bog using our smartphones and we’ve lived through the recent memory of banking crashes - so we are jittery and rumours will spread and panic increase.
It’s a fascinating problem that banking technology improvements have created for themselves.
I worked on many capital requirement projects through the Basel Framework. But the requirements were all inward looking, nothing was considered about the quality of public opinion and what impact that could have.
Pfft, this is nothing.
Wait until Credit Suisse goes tits up. The king of credit default swaps.
Then it'll be a credit crunch.
Wait until Credit Suisse goes tits up. The king of credit default swaps.
Then it'll be a credit crunch.
pew, pew, pew, pew!
Timeline for the GFC
jobs first then housing
2008 compared to today
FDIC quarterly changes in deposits, all banks, US treasuries and mortgage backed securities. Loses on secondary market
https://www.fdic.gov/analysis/quarterly ... un/qbp.pdf
page 9
jobs first then housing
2008 compared to today
FDIC quarterly changes in deposits, all banks, US treasuries and mortgage backed securities. Loses on secondary market
https://www.fdic.gov/analysis/quarterly ... un/qbp.pdf
page 9
Just give them $600 and tell them to stop buying avocado toast. They’ll be fine.
Not sure how you work that out as most of that group will be renting, therefore, it's their buy to rent landlords (mostly Tories and Libs) who will be losing their homes along with a hell of a lot of other home owners. It's all ok though, as the banks will get them all and will also still be up for a hefty bonus for all their good work.
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