China keeps adding liquidity amid Evergrande risks - BNN Bloomberg
China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets.
China Tells Banks Evergrande Won’t Pay Interest Next Week
- Thread starter Zeedox
- Start date
Those are overnight loans to banks to cover charges. Here's the last months worth:
It doesn't look good imho
It doesn't look good imho
This is why I can't stand the entire banking industry.
They give money hand over fists to companies that don't have any real chance. They're investing in companies so far in debt that even if they somehow miraculously started making money hand over fist it would take a lifetime for them to break even.
Tesla is just like that. They are carrying so much debt that even if they started making a billion dollars per year net it would take them 50 years to break even.
But banks just keep on hurling money at it. Over and over again, billions and billions.
Lyft, Uber, Tesla, they are all that way. They have more debt than they will ever possibly pay off.
They give money hand over fists to companies that don't have any real chance. They're investing in companies so far in debt that even if they somehow miraculously started making money hand over fist it would take a lifetime for them to break even.
Tesla is just like that. They are carrying so much debt that even if they started making a billion dollars per year net it would take them 50 years to break even.
But banks just keep on hurling money at it. Over and over again, billions and billions.
Lyft, Uber, Tesla, they are all that way. They have more debt than they will ever possibly pay off.
They don't have enough fingers to plug the holes in that particular dam.China keeps adding liquidity amid Evergrande risks - BNN Bloomberg
China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets.www.bnnbloomberg.ca
That's exactly right! The Fed has been buying up junk bonds to the tune of 120 billion dollars EVERY MONTH for the last 18 months!!! And even with the so called booming economy they're still doing it! It's all bullshit and smoke and mirrors.
Very true.
It never ceases to amaze me that presidents and government will do anything to prop up the rich at the expense of the entire nation, but in the very same breath say they just don't have the money to provide even basic services to the vast majority of Americans.
It's almost as if we're living in a government of the rich, by the rich, for the rich instead of a government of the people, by the people, for the people as the founders promised.
It never ceases to amaze me that presidents and government will do anything to prop up the rich at the expense of the entire nation, but in the very same breath say they just don't have the money to provide even basic services to the vast majority of Americans.
It's almost as if we're living in a government of the rich, by the rich, for the rich instead of a government of the people, by the people, for the people as the founders promised.
But it ALWAYS works that way. The boss gets a golden parachute while the rest of the company goes down in flames.
Every. Single. Time.
Every. Single. Time.