around 1.09 overnight, but this morning we had reports in the ft that privately the bank, people at the bank of england are telling pension fund investors that actually if it is needed, that support will carry on beyond friday. rather confusing picture. this morning the pound has rented ever so slightly, but it is clearly quite sensitive and the market that really matters, the uk debt, the ious, the yields on those, the interest rates on those back up again this morning on the 30, 20, ten and five years relations. when checked earlier the 20 year guilt, the yield of top 5% this morning, the first time that has happened since before the bank of england first intervened. a rather confusing picture. ithink of england first intervened. a rather confusing picture. i think if people are concerned the key things are when we talk about pension funds and possible pension fund is collapsing, we are talking about particular pension fund products, schemes within larger funds. even
bonds. dated debt. as the value of those bonds, those ious crumbled over the last few bonds, those ious crumbled over the last few days as people lost confidence in the uk government s public confidence in the uk government s public finances, the value of those assets public finances, the value of those assets sitting on the balance sheets were falling, they were facing margin were falling, they were facing margin calls where they were going to have margin calls where they were going to have to margin calls where they were going to have to sell some of those assets to have to sell some of those assets to meet to have to sell some of those assets to meet their obligations. and obviously when you get into that cycle obviously when you get into that cycle where you have selling it because cycle where you have selling it because the prices falling and then the price because the prices falling and then the price falls against you sell more. the price falls against you se
it is all right. a new film used his words as a basis for some of the dialogue. greed is good. greed is right. greed works. when michael douglas said greed is good, it was a cartoon expression. but there is truth. there was a sense that it is okay to be greedy. it is okay to maximize your wealth. what i want to see is that this country remains a country where someone can always get rich. big companies are gobbling up little companies. little gobble up big. eight years ago there were 1500 corporate takeovers. last year, there were 4000, involving $200 billion. this is called a leveraged buyout. the company borrows the money using assets as collateral for the loan and in turn they issue ious. because the deal is risky,
Azlan Othman Women’s piety and its importance in society, and stories of pious women during Prophet Muhammad’s (pbuh) time, were discussed during a forum organised in conjunction with the new Islamic year of 1444 Hijrah by members of the RPN Kampong Pandan Mosque Takmir Committee in the Belait District through the Muslim Division and Mosque […]
the value of shares on the dow had dropped almost 90% compared with what it had been just three years earlier before the crash. the country in 1932 was just in economic freefall. and as of 1932 u.s. veterans veterans who had fought in the first world war, they were as or more economically desperate as any other americans. but u.s. veterans who had fought in world war i had what amounted to an iou from the u.s. government to pay them some cash. u.s. veterans who had fought in world war i had been promise during the war they would receive a bonus payment from the government, a payment for each day they served on active duty either at home or abroad. and in the spring of 1932 veterans who had been promised that bonus, they came to washington. thousands of them came to washington to demand that the government make good on those ious and pay the soldiers what