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Conspiracy Theory #637: Bank collapse

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  • 09-06-2015 5:24pm
    #1
    Egginacup
    Site Banned Posts: 2,922 ✭✭✭


    A friend of mine told me a few weeks ago that another major financial crash was imminent. She's not some crank but rather a clever girl with a 1st class honours degree in Mathematics and has worked as a currency trader in the US and Ireland before packing it in because she hated it. She said that it took her nearly a month to get her money out of the bank (HSBC) and that HSBC were essentially fcuked with what she said about their balance sheet. She also mentioned the coming implosion of the property bubble in the SE of England.

    What makes me mention this is a headline in the BBC today:

    http://www.bbc.com/news/business-33058957

    Time to start shorting bank and property stocks again?


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    #2
    Robbo
    Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 10,559 Mod ✭✭✭✭Robbo


    Egginacup wrote: »
    Time to start shorting bank and property stocks again?
    Max Keiser says to invest in silver and sexy pictures of Putin doing manly things.


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    #3
    [Deleted User]
    Posts: 13,712 ✭✭✭✭ [Deleted User]


    Egginacup wrote: »
    A friend of mine told me a few weeks ago that another major financial crash was imminent. She's not some crank but rather a clever girl with a 1st class honours degree in Mathematics and has worked as a currency trader in the US and Ireland before packing it in because she hated it.
    How would she know that, having packed in a trading job that wasn't even with HSBC?

    People have been talking about an HSBC collapse for years, despite refusing to acknowledge that the reason for HSBC's difficulties is that it is a deposit-laden behemoth (that's a good thing) whose only problem is that it cannot compete on the sexier side of its operations.

    HSBC will not collapse. Before you say 'that's what they said about Lehman Bros', HSBC is nothing like LB in its operations nor in its balance sheet.
    HSBC were essentially fcuked with what she said about their balance sheet.
    She's likely wrong about the balance sheet then. Whilst today's 1% in the share price is significant, I'd be careful about taking financial advice from that girl, if I were you.
    Time to start shorting bank and property stocks again?
    Finally something that is characteristic of the banking crisis: everyone on an internet forum is short-selling, and "long on gold futures" and **** towards the apocalypse. Boring chat.


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    #4
    Massimo Cassagrande
    Closed Accounts Posts: 626 ✭✭✭Massimo Cassagrande


    It's probably the heat doing it..I'm close to collapse today too. The paddy-body can't take it..


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    #5
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,905 Admin ✭✭✭✭✭Toots


    A Tyrant Named Miltiades! wrote: »
    Finally something that is characteristic of the banking crisis: everyone on an internet forum is short-selling, and "long on gold futures" and **** towards the apocalypse. Boring chat.

    What??????


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    #6
    jimgoose
    Registered Users Posts: 20,175 ✭✭✭✭jimgoose


    A Tyrant Named Miltiades! wrote: »
    How would she know that, having packed in a trading job that wasn't even with HSBC?

    People have been talking about an HSBC collapse for years, despite refusing to acknowledge that the reason for HSBC's difficulties is that it is a deposit-laden behemoth (that's a good thing) whose only problem is that it cannot compete on the sexier side of its operations.

    HSBC will not collapse. Before you say 'that's what they said about Lehman Bros', HSBC is nothing like LB in its operations nor in its balance sheet.

    She's likely wrong about the balance sheet then. Whilst today's 1% in the share price is significant, I'd be careful about taking financial advice from that girl, if I were you.

    Finally something that is characteristic of the banking crisis: everyone on an internet forum is short-selling, and "long on gold futures" and **** towards the apocalypse. Boring chat.

    Can I just say that "**** Towards The Apocalypse" is going to be the title of my next album? Bravo, Sir!! :)


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    #7
    _Kaiser_
    Registered Users Posts: 28,695 ✭✭✭✭_Kaiser_


    Thread title, and then the speculation in the OP reminds me of this:

    https://www.youtube.com/watch?v=coDtzN6bXAM


    (from 1:10 to 1:50)

    Must watch that film again :)


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    #8
    [Deleted User]
    Posts: 13,712 ✭✭✭✭ [Deleted User]


    Toots wrote: »
    What??????
    Calamity fetishism in other words.

    The scourge of finance/banking forums. Bit unhinged.


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    #9
    IvaBigWun
    Banned (with Prison Access) Posts: 5,368 ✭✭✭IvaBigWun


    This is how runs on banks start.

    This thread shouldnt be just locked, it should be deleted.


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    #10
    Aongus Von Bismarck
    Registered Users Posts: 1,794 ✭✭✭Aongus Von Bismarck


    IvaBigWun wrote: »
    This is how runs on banks start.

    This thread shouldnt be just locked, it should be deleted.

    Believe me, some frustrated neckbeard on a message forum interfering with himself as he fantasies about a bank collapsing, and his hated Capitalism being plunged into crisis isn't how a run starts on a bank.


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    #11
    The Backwards Man
    Closed Accounts Posts: 18,299 ✭✭✭✭The Backwards Man


    IvaBigWun wrote: »
    This is how runs on banks start.

    This thread shouldnt be just locked, it should be deleted.
    If anybody closed their bank account based on the above info, I would seriously question their eligibility for having one in the first place.


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    #12
    PissFlapsDory
    Registered Users Posts: 60 ✭✭PissFlapsDory


    Just off topic a bit.....but Jesus Mary and Joseph how many chins does Joe Duffy have?? You can hardly make out the guys face, it is just stuffed with fat, gets any bigger and your talking some serious money there, might even have space to build a house on it . Have a look in the Indo online.


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    #13
    maxwell smart
    Registered Users Posts: 1,939 ✭✭✭maxwell smart


    Egginacup wrote: »
    A friend of mine told me a few weeks ago that another major financial crash was imminent. She's not some crank but rather a clever girl with a 1st class honours degree in Mathematics and has worked as a currency trader in the US and Ireland before packing it in because she hated it. She said that it took her nearly a month to get her money out of the bank (HSBC) and that HSBC were essentially fcuked with what she said about their balance sheet. She also mentioned the coming implosion of the property bubble in the SE of England.

    What makes me mention this is a headline in the BBC today:

    http://www.bbc.com/news/business-33058957

    Time to start shorting bank and property stocks again?

    If you base your investment decisions on someone who couldn't cut it in the world of finance, you won't have much success.

    This is a completely wrong take on the HSBC situation.

    Property in the SE of England will continue to grow at a rate of approx 3-5% for the next 5 years, then level off. The demand cycle for that area of the UK should insulate it from any general fall in property prices


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    #14
    IvaBigWun
    Banned (with Prison Access) Posts: 5,368 ✭✭✭IvaBigWun


    Aongus Von Bismarck wrote: »
    Believe me, some frustrated neckbeard on a message forum interfering with himself as he fantasies about a bank collapsing, and his hated Capitalism being plunged into crisis isn't how a run starts on a bank.
    The Backwards Man wrote: »
    If anybody closed their bank account based on the above info, I would seriously question their eligibility for having one in the first place.

    Its how rumours start though lads.

    "Is X Bank fúcked?" type threads were banned on AH back during the recession of 2008. I dont see how this is any different.


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    #15
    Eugene Norman
    Closed Accounts Posts: 5,191 ✭✭✭Eugene Norman


    maxwell smart wrote: »
    If you base your investment decisions on someone who couldn't cut it in the world of finance, you won't have much success.

    This is a completely wrong take on the HSBC situation.

    Property in the SE of England will continue to grow at a rate of approx 3-5% for the next 5 years, then level off. The demand cycle for that area of the UK should insulate it from any general fall in property prices

    I don't think she's right about hsbc and I do have money there but the idea that the smart people in finance can predict the future is evidentially empirically false. They are particularly not very good at soft landing. I'll take your soft landing with a large pinch of salt, thank you.


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    #16
    jimgoose
    Registered Users Posts: 20,175 ✭✭✭✭jimgoose


    IvaBigWun wrote: »
    Its how rumours start though lads.

    "Is X Bank fúcked?" type threads were banned on AH back during the recession of 2008. I dont see how this is any different.

    Rumours are started by people who want to start rumours. People who think they are excluded from the current "System", whatsoever it may be, foam at the mouth and damn-and-blast. 'Twas ever thus. My wannabe-Teutonic colleague above is quite correct, there are wilder skies than these. It is however, the good, as you say, incorrectly-spelt crack.


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    #17
    c_man
    Closed Accounts Posts: 4,436 ✭✭✭c_man


    another major financial crash was imminent.

    Won't affect me, I have no money :cool:


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    #18
    jimgoose
    Registered Users Posts: 20,175 ✭✭✭✭jimgoose


    c_man wrote: »
    Won't affect me, I have no money :cool:

    You won't need it. You will however, need a Kawasaki Z1000 with a hatchet-holster. See you on the road, scag! :)


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    #19
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    I've all my money in zeppelin, slavery & hay stocks.

    I predict big gains.


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    #20
    Clandestine
    Closed Accounts Posts: 1,466 ✭✭✭Clandestine


    AIB and co. are next


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    #21
    jimgoose
    Registered Users Posts: 20,175 ✭✭✭✭jimgoose


    Clandestine wrote: »
    AIB and co. are next

    AIB was always a sort of hippy-commune for gob****es in cheap suits.


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    #22
    mikemac1
    Closed Accounts Posts: 12,395 ✭✭✭✭mikemac1


    I'm going to invest in pumpkins and fireworks in November!


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    #23
    fxotoole
    Registered Users Posts: 1,661 ✭✭✭fxotoole


    I hear tulips are the next big thing.....


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    #24
    [Deleted User]
    Posts: 13,712 ✭✭✭✭ [Deleted User]


    IvaBigWun wrote: »
    "Is X Bank fúcked?" type threads were banned on AH back during the recession of 2008. I dont see how this is any different.
    Probably because they were overwrought and popped up too frequently, and not because of genuine concern about boards.ie sparking market collapse.

    Markets love to be spooked, but not by boards.ie, nor indeed HSBC.


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    #25
    tritium
    Registered Users Posts: 7,428 ✭✭✭tritium


    A Tyrant Named Miltiades! wrote: »
    Finally something that is characteristic of the banking crisis: everyone on an internet forum is short-selling, and "long on gold futures" and **** towards the apocalypse. Boring chat.

    I'd expected this thread to be pointless rubbish. Thank you for making it worthwhile on the basis of that one line alone.


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    #26
    Fratton Fred
    Closed Accounts Posts: 26,567 ✭✭✭✭Fratton Fred


    I can see all the analysts in Wall Street subscribing to Boards to get their market information from now on.


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    #27
    SEPT 23 1989
    Registered Users Posts: 43,024 ✭✭✭✭SEPT 23 1989


    Are the drug cartels looking for their money back?


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    #28
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    IvaBigWun wrote: »
    Its how rumours start though lads.

    "Is X Bank fúcked?" type threads were banned on AH back during the recession of 2008. I dont see how this is any different.
    Banks X, Y & Zed were fúcked in 2008, too many safeguards in place now for a major player to fail. Those turbo powered pressed will backfill any holes if needed!


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    #29
    circadian
    Registered Users Posts: 6,905 ✭✭✭circadian


    Better throw me cash into a Russian bank so, any recommendations?


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    #30
    porsche959
    Closed Accounts Posts: 2,499 ✭✭✭porsche959


    HSBC collapse? Not likely, laundering drug money is quite lucrative.

    http://www.theguardian.com/business/2015/jun/04/hsbc-fined-278m-over-money-laundering-claims


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    #31
    porsche959
    Closed Accounts Posts: 2,499 ✭✭✭porsche959


    maxwell smart wrote: »
    If you base your investment decisions on someone who couldn't cut it in the world of finance, you won't have much success.

    This is a completely wrong take on the HSBC situation.

    Property in the SE of England will continue to grow at a rate of approx 3-5% for the next 5 years, then level off. The demand cycle for that area of the UK should insulate it from any general fall in property prices

    You won't last long in finance yourself if you make such blase predictions with unwarranted confidence. There are many reasons to be concerned about the London property market. I am not going to predict precisely when it will crash because that's a mug's game, but a lot of dodgy money floating about there.


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