tag:blogger.com,1999:blog-8764541874043694159.post358837317490464043..comments2024-03-28T12:23:39.665+00:00Comments on Coppola Comment: Sowing the windFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-8764541874043694159.post-46639467302272886892014-08-25T06:37:33.286+01:002014-08-25T06:37:33.286+01:00Good Day,
I am a private investor. I give out secu...Good Day,<br />I am a private investor. I give out secured and unsecured guarantee loans to <br />Business men and women who are into Business transaction, automobile <br />purchase, house purchase loan and other personal loans E.T.C. we give out <br />long term loan for five to fifty years maximum with 3% interest rate in this <br />you can as well tell us the amount you need so that we will send to you the <br />terms and condition that is if you are really interested in getting a loan <br />from us,contact us via email address; poetjonesloanfirm@gmail.com<br />Mr.Allen SmithAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-41458857829134906882014-08-07T09:45:00.547+01:002014-08-07T09:45:00.547+01:00This is an intresting blog that you have posted, y...This is an intresting blog that you have posted, you shares a lot of things about <a href="http://www.omis.uk.com/" rel="nofollow">Offshore Insurance UK</a>, Offshore Liability Insurance UK and <a href="http://www.omis.uk.com/index.php/insurances/omb-oil-and-gas" rel="nofollow">Oil and Gas Contractors UK</a>. Which are very <br /><br />informative for us.ThanksAnonymoushttps://www.blogger.com/profile/00746003141049272497noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-1050066416958095032014-08-05T12:05:31.095+01:002014-08-05T12:05:31.095+01:00Great Post............................
Buying Prop...Great Post............................<br /><a href="www.frasermeridies.com" rel="nofollow">Buying Property in North Cyprus</a><br />Anonymoushttps://www.blogger.com/profile/01152769711758859520noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-23168026252199401202014-06-05T15:30:12.190+01:002014-06-05T15:30:12.190+01:00Most people do not understand double entry bookkee...Most people do not understand double entry bookkeeping. Therefore, most people cannot even begin to evaluate their bank, nor do they understand how banks work...!!!vimax canadahttp://goo.gl/nHIIs9noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-42561927889215016122013-04-29T15:36:37.562+01:002013-04-29T15:36:37.562+01:00That's a very nice information.That's a very nice information.WIND INFOhttp://thecoastal-life.com/noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-58248627120113813502013-03-31T18:31:58.982+01:002013-03-31T18:31:58.982+01:00How soon will it be possible to bypass the banks c...How soon will it be possible to bypass the banks completely using peer to peer transactions such as Bitcoin? I want electronic cash in my electronic mattress now!devonseaglasshttps://www.blogger.com/profile/02637463423116171963noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-77787935677162551292013-03-25T01:42:35.325+00:002013-03-25T01:42:35.325+00:00It is not a realised capital loss. It may be an un...It is not a realised capital loss. It may be an unrealised one. Whether that is reflected in the accounts depends on the accounting standard adopted regarding fair value accounting. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-89425219552540613792013-03-25T01:36:53.324+00:002013-03-25T01:36:53.324+00:00"So depositors have an immediate liquidity pr..."So depositors have an immediate liquidity problem, and the possibility of future real losses. They are not suffering a real immediate loss of capital at all. The sovereign is providing them with shares to the value of their losses. Yes, I know those shares look like duds, but there is no market for them so it is impossible to obtain a real market price. The sovereign is valuing the shares as it sees fit. It remains to be seen whether the sovereign's valuation is correct. I have considerable doubts about this, but that is for reasons that have nothing to do with the current bailout and everything to do with the real economic issues in Cyprus and the utterly inept and counterproductive measures being taken to deal with them."<br /><br />Actually, that is a capital loss:<br /><br />1) Beforehand, one had a capital asset, liquid and priceable in the market.<br />2) The capital asset is replaced with another asset, at a notional price determined by a party who profits from overstating that price.<br />3) The replacement asset is not liquid, has high risk, and to the extent it is tradeable, will trade at a steep discount to its notional value.<br /><br />If you were auditing the books of such a party, would you consider it a capital loss?<br />If you had bought a party, and found that the accounts did not write it as a capital loss, would you be on the phone to your lawyers?Barry DeCiccohttps://www.blogger.com/profile/04735814736387033844noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-1087975406573766842013-03-20T13:21:53.259+00:002013-03-20T13:21:53.259+00:00I don't think you know much about ordinary sma...I don't think you know much about ordinary small depositors. We don't know anything about what the bank is doing with our money. We are depositing money in our savings accounts because it is safer from thieves than in the mattress and once upon a time, we made a little interest on it, though that seems to have disappeared. Plus, our deposit was secure. We were told if anything went wrong our little savings was safe.<br /><br />This has upended the world for the ordinary person.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-77864239878356186262013-03-20T08:45:50.901+00:002013-03-20T08:45:50.901+00:00Behind all the economic brinkmanship there's a...Behind all the economic brinkmanship there's a play for control of gas and oil resources from the Levant Basin south east of Cyprus going on. This of course involves the US and Russia, along with all the other countries in the region.<br /><br />At the same time, the promotion of the Nabucco and South Stream gas pipelines by their various supporters complicates the issue.<br /><br />My guess is, this is where you will find the clues and answers to the Cypriot crisis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-43190508382065434212013-03-19T23:40:01.269+00:002013-03-19T23:40:01.269+00:00"Cypriots and Europeans: You want your curren..."Cypriots and Europeans: You want your currency back!<br /><br />The last sentence is vague, you get to choose how you [want to] think about it."<br /><br />When I first wrote this I used the word money instead of currency. It was, "Cypriots and Europeans: You want your money back!" And I should have used want to think about it."<br /><br />The revision was made for accuracy and to differentiate from what money was historically to what we use today.<br /><br />So, unfortunately my writing was unclear. Every one who is threatened with loosing their money wants it back or maybe some thing better? If they let their wants be known and there is some communication with management, management can change course. Especially if they realize their customers are unhappy. They should be thinking about their citizens.<br /><br />I was hopping that what sounded vague would be interpreted by what people wanted themselves. I didn't figure that any one would read into it based on what they were worried about. My mistake.<br /><br />Basically, I should have said what do you want? Now is the time to make sure you are heard. <br /><br />Some may or may not want a different currency. But, what is immediately at hand is: Most may want their assets back, that are denominated in the currency that they are using. It is possible that they may like the plan if there is no deception on the real condition of the bank. I, myself, had thought owning a solvent bank could be a good thing.<br /><br />What do the Cypriot people want? And, do they have enough time to decide?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-78477018797151354392013-03-19T18:46:53.543+00:002013-03-19T18:46:53.543+00:00Banks DO NOT LEND DEPOSITS.Banks DO NOT LEND DEPOSITS.cringing2https://www.blogger.com/profile/07174637668885864648noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-65781617877112561892013-03-19T18:01:03.375+00:002013-03-19T18:01:03.375+00:00Have you seen any good data on the demographics of...Have you seen any good data on the demographics of the depositors?Adrian Melinoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-56162784738676622992013-03-19T13:18:45.792+00:002013-03-19T13:18:45.792+00:00It's not necessarily that easy, Cypriots may k...It's not necessarily that easy, Cypriots may keep on using euros (e.g. keep export/tourism income in euros in overseas accounts, and trade similarly in euros with their local suppliers) even if their government issues a worthless new currency. In the electronic era, absent extreme exchange controls (hardly compatible with the financial centre and tourism businesses) you don't need to operate in the locally issued currency. You can end up with only people on state benefits/salaries forced to use it (and even these, if there's strong new currency inflation and private sector euro acceptance, they might convert it to euros as soon as it's paid, vicious circle).cighttp://commentisglee.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-65255462970248937702013-03-19T01:52:34.341+00:002013-03-19T01:52:34.341+00:00RE: Coca-Cola History
The point above is that the...RE: Coca-Cola History<br /><br />The point above is that their legislature and or the sources of this thing could reverse the whole thing. They could return the goods.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-14055981946308320532013-03-18T23:46:47.270+00:002013-03-18T23:46:47.270+00:00Coca-Cola executives once changed the formula and ...Coca-Cola executives once changed the formula and ruined the taste of Coke. Every one complained and wanted their old coke back. Every one said the executives were idiots. "We want our beloved Coke back!" "We loved it why did you take it a way? Give us our Coke back!" <br /><br />There was a run on Coke at the grocery store. The shelves emptied. The stores ordered more! People bought all they could to savor the last of the good Coke or have some until the company got smart. After a while they finally brought the old Coke back. And, people were ecstatic.<br /><br />Afterward, people said the executives might have done the whole cycle on purpose, as a brilliant manipulative marketing plan. The executives' answer to that was, "Were not that smart."<br /><br />Cypriots and Europeans: You want your currency back! <br /><br />The last sentence is vague, you get to choose how you think about it.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-79452950120393735362013-03-18T21:54:35.359+00:002013-03-18T21:54:35.359+00:00This won't need to happen in the usa- they hav...This won't need to happen in the usa- they have their own printer. They can just print the stuff up (it is the reserve currency)...no need for this type of mess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-81587738426638052752013-03-18T21:42:45.591+00:002013-03-18T21:42:45.591+00:00By far the easiest way of detecting a Eurozone ban...By far the easiest way of detecting a Eurozone bank run is through the Target2 balances. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-87287518956923505332013-03-18T21:35:16.042+00:002013-03-18T21:35:16.042+00:00How would we see if there was a bank run in Italy ...How would we see if there was a bank run in Italy or Spain? Options:<br />(a) on TV with lines of people outside their branches. As the above discussions of on-line transfers indicate, this doesn't seem very likely for large depositors in a modern financial system.<br /><br />(b) through usage of ECB facilities. I guess funding lost would be replaced at the ECB, either in the MROs, if the timing works out, or through the ELA. If the latter, then it doesn't really get reported (at least not cleanly).<br /><br />(c) some other way? <br /><br />Any help with this one, folks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-77484382707790380212013-03-18T16:37:07.406+00:002013-03-18T16:37:07.406+00:00Uh, oh Francie. Looks like this might lead to more...Uh, oh Francie. Looks like this might lead to more evil gold hoarding!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-40573734731833816642013-03-18T16:12:17.728+00:002013-03-18T16:12:17.728+00:00Good article and comment stream.
Two thoughts on ...Good article and comment stream.<br /><br />Two thoughts on this..<br /><br />The fact that the Cyprus government wanted the percentage on large depositors to be < 10% shows how much they value being a money laundering center.<br /><br />To the extent that the rest of the world seems to have got over the confiscation and is back in risk on mode we should all be more worried about the primary blogger's key concern that a significant precedent has been set and appears not to be of great concern. Highlights the level of complacency in a TBTF financial system.Morph366https://www.blogger.com/profile/17840371363593332062noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-56155425349611644512013-03-18T10:35:14.206+00:002013-03-18T10:35:14.206+00:00I have to say this is scary and they are doing thi...I have to say this is scary and they are doing this small scale ready for the big one when they do this in the US. this is just a trail run so they can iron out the problems and get people use to devilish ideas. I am serious. <br /><br />The guy over at http://sentiment-trader.blogspot.com.au who is insanely accurate is saying this will be the next catalyst for a market sell off. IT will be interesting to see what happpens. Chiphttps://www.blogger.com/profile/10339102233804859884noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-61929829505950097912013-03-18T08:15:41.894+00:002013-03-18T08:15:41.894+00:00A few weeks ago, we decided to move back to the UK...A few weeks ago, we decided to move back to the UK at the end of June, for family reasons. He moved the bulk of our money, and left a nest-egg in our Cypriot account. I am now sitting surrounded by boxes, thinking, 'thank goodness we made the decisions we did.'<br /><br />Saturday morning was a shock for us all, and we are being given shares in a bank we will no longer use. Today is a a Bank Holiday, normally one filled with family joy, however, I feel the joy will be in the hearts of the children only.<br /><br />Now Tuesday has been declared a Bank Holiday. No matter how many they make, folk will still pull out their cash! Trust has gone. Glynis Peters https://www.blogger.com/profile/01175378917872403609noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-31656372631479627352013-03-18T04:59:51.607+00:002013-03-18T04:59:51.607+00:00Neil,
Ralph is missing the point. Among the accou...Neil,<br /><br />Ralph is missing the point. Among the accounts that are being partially bailed-in are insured deposits and current accounts, which would be full reserve accounts in his model. The principle of 100% safety is being undermined - which would be a major breach of trust in a full reserve model just as it is in the current insured model. Ralph is assuming that in a full reserve model, the only depositors that would be burned would be those that in the current model are uninsured. There is no basis for this assumption.Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-65175009792064590972013-03-18T04:46:55.120+00:002013-03-18T04:46:55.120+00:00Rasph,
I admire your commitment to full reserve b...Rasph,<br /><br />I admire your commitment to full reserve banking but it is not remotely relevant this time. The Cyprus deal applies to insured deposit accounts, including current accounts. These people DID choose safety. They were told that their money was 100% safe. That promise has been broken, and some of their money is being taken by the government that told them their money was safe. As Rebel Economist points out, that could happen under full reserve banking too. Expropriation of funds is no respecter of banking models.<br /><br />This episode demonstrates the gaping hole in the argument that banks should fund lending from deposits. Cypriot depositors are hit because Cypriot banks don't have enough equity or bonds. It is disgraceful that senior bondholders have been left intact while retail depositors are burned, but bailing-in senior bondholders wouldn't have solved the problem: there simply isn't enough senior debt to meet the capital shortfall. There is in my view a strong argument that uninsured depositors should take a larger hit so that insured depositors can be left intact. Undermining deposit insurance is potentially fatal to the banking system.Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.com