Discover and read the best of Twitter Threads about #shadowbanking

Most recents (7)

#CHINA BACKED OUT OF WAR WITH INDIA ONLY BECAUSE LIFE TIME PRESIDENT #XiJinping XI AND HIS MAD COMMIES KNEW THAT THEY WOULD HANG BY THEIR NECKS ..AND CHINA WOULD BE SPLIT INTO FOUR PARTS , WITH #TIBET BEING THE NEW NEGHBOUR OF INDIA.
in.investing.com/analysis/china…

THE ROT RUNS DEEPER.
A HUGE PERCENTAGE OF CHINESE #GOLD BARS IN THEIR BANK VAULTS ARE FAKE..

CHINA’S DEBT-TO-GDP RATIO STANDS AT 372 % AT PRESENT.

DOMESTIC INFLATION IS PICKING UP. SOONER OR LATER, BEIJING WILL FIND THAT IT CAN NO LONGER COVER UP THE CRACKS IN ITS DEBT WALL.
CHINESE WORKERS WAGES ARE NOW HIGH. THE WEST FINDS THAT COST OF MANUFACTURING GOODS BY RELOCATING TO #CHINA IS NOT WORTH IT..

#USA IS A BEGGAR WITH 26.4 TRILLION USD #DEBT

OPEN THE LINK BELOW AND LOOK AT THE TOP LEFT HAND CORNER.

@davidicke
Read 49 tweets
a reminder that:
1. pension funds are important actors in #shadowbanking
2. GPIF has led climate change fight in institutional investor world
3. GPIF is doing exactly what a patient investor should be doing: buy to hold, not buy to lend.
ft.com/content/8d61bd…
move by GPIF is stronger than 'ESG required':
1. pension fund is taking a clear view on what G means, instead of relying on the G metrics of private providers.
2. it applies ESG framework to itself as opposed to equity/fixed income assets in portfolio.
GPIF has been at forefront of battle to climate-align institutional investor portfolios for a while - worked with @WorldBank to develop ESG framework for fixed income (much more difficult) worldbank.org/en/news/press-…
Read 5 tweets
As I wrote in my Jacobin piece on 'why #shadowbanking is bigger than ever', where I understand shadow banking as financial globalisation, there are three reasons for its resilience in the age of authoritarian/nationaist regimes. jacobinmag.com/2018/11/why-sh…
1. A sensationalist narrative of GFC that downplayed its structural roots.
Since 1980s, states encouraged shift towards market-based, globalised finance as necessary infrastructure of new anti-Keynesian macroeconomic order.
why: competing for global investors in government bond markets, replacement of welfare state with asset-based welfare via pension funds/insurance co, tax revolt of elites and corporations.
Read 23 tweets
a thread on #DeutscheBank evolution from to and from 'behemoth that relies heavily on global securities markets', and its role in changing German and European macro-finance (from @euromoney archives)
it's 1999, and #DeutscheBank men - sumo wrestlers, "straight out of central casting" - are changing business model to confront more aggressively the US investment banks
investment banking, they argue, will pay for low-returns retail banking (note the irony)
Read 12 tweets
China gets increasingly plugged into global financial cycle - the biggest change in global capital markets in anyone's lifetime . . . there has never been a bond market this large in the history of the world that is not including in an index ftalphaville.ft.com/2019/04/01/155…
lots to be done still - this is a very controlled plugging in, and rightly so, given loss of monetary policy autonomy
in a paper I published last year, I argued that China's turn to securities markets is strategy of harnessing reform of #shadowbanking into RMB internationalization
Read 4 tweets
my @FTAlphaville guest post - @WorldBank's Maximising Finance for Development agenda is constructing a new financial world order with #shadowbanking at its core @KevinPGallagher @AnnPettifor @BJMbraun @ingridharvold @eurodad ftalphaville.ft.com/2018/10/29/154…
post develops at greater lengths ideas of our open letter to #am2018bali , signed by 120 scholars from Global North & South, also addressing questions from @CarterPaddy criticalfinance.org/2018/10/10/the…
I also ask whether the African Development Bank's synthetic securitisation deal deserves the kind of unreserved celebration it has received - what kind of development agenda does it finance @SonyKapoor
Read 7 tweets

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