Bits and Pieces in Dinarland Friday Afternoon
Don061: Banks around the world announce the dismissal of 50,000 employees since the beginning of 2019
16 August 2019 12:06 AM
Mubasher: Banks around the world have cut more than 48.5 thousand jobs since the beginning of this year, coinciding with a weak outlook on the economic situation
A report published by the agency "Bloomberg" on Thursday, that the loss of jobs in banks around the world was led by European banks with the continued negative effects of negative interest rates on profits
Deutsche Bank topped the list with a plan to cut 18,000 jobs, or nearly 20 percent of its workforce, until 2022
The Spanish bank Santander has announced the dismissal of 5.4 thousand employees and the British banks "HSBC" and Barclays announced the reduction of 4 and 3 thousand jobs respectively
UniCredit announced a cut of 10,000 jobs, according to the agency, which quoted figures familiar with the issue, noting that these numbers have not been included in the total to date
The report said that the number of jobs cuts in the banking sector this year around the world is likely to be higher than this overall outcome as some banks have taken this step without disclosing the overall impact
Don961: Saudi Arabia raises holdings of US bonds for the fifth month
16 August 2019 10:26 AM
By Ahmed Allam
RIYADH - Mubasher: Saudi Arabia raised US bond holdings for the fifth consecutive month in June 2019, up 9.3 percent year-on-year.
According to Treasury data, Saudi holdings of US bonds rose to $ 179.6 billion, up from $ 164.3 billion in June 2019.
Saudi Arabia bought $ 600 million in US bonds in June.
On a monthly basis, the kingdom's ownership of US bonds rose marginally by 0.33 percent in June 2019, compared to its $ 179 billion value in May of the same year .
Saudi Arabia has raised its holdings of US bonds by 4.3 percent since the beginning of this year, an increase of $ 7.4 billion; compared to its ownership at the end of 2018, which was $ 172.2 billion.
It is noteworthy that what is disclosed by the US Treasury in its monthly data is the Gulf countries' investments in US Treasury bills and bonds only, and do not include those other investments in the United States, whether governmental or private.
Globally, Japan topped the list of US bond holders in June 2019; $ 1.122 trillion, followed by China with $ 1.112 trillion, and Saudi Arabia ranked 11th and first in the Arab world. link
Tishwash: Iraq increases US Treasury bond holdings
The acquisition of the State of Iraq of US Treasury bonds during the month of June 2019, by 30.94%, year on year.
According to Treasury data, Iraq's holdings of US bonds increased to $ 34.7 billion, up from $ 26.5 billion in June 2018.
Iraq bought US $ 300 million in June.
On a monthly basis, Iraq's ownership of US bonds rose marginally by 0.87% in June 2019, compared to the $ 34.4 billion in May of the same year.
The ownership of Iraq has increased US bonds since the beginning of this year, about $ 100 million; compared to its ownership at the end of 2018, which was $ 34.6 billion.
Iraq ranked 31st globally among the holders of US Treasury bonds and the fourth in the Arab world, after Saudi Arabia, which ranks 11 globally and first Arab at $ 179.6 billion, the United Arab Emirates ranked 22 globally and the second Arab at $ 51.5 billion, and Kuwait ranked 27 globally and third $ 44.4 billion.
The reversal of the US bond yield curve raised fears of a US recession as government debt yields fell for 30 years to an all-time low.
Globally, Japan took the top spot with US $ 1.122 trillion in bonds, followed by China with $ 1.112 trillion and the UK with $ 341.1 billion.
The world's total holdings of US Treasury bonds in June were $ 6.636 trillion, compared with $ 6.539 trillion in May. link
Harambe: Bloomberg: U.S. Inches Toward Afghan Peace Plan to End Longest U.S. War https://www.bloomberg.com/news/articles/2019-08-16/trump-to-discuss-afghanistan-peace-plan-with-senior-advisers
Weekly News Wrap-Up 8.16.19 & Bo Polny on Coming Market Crash
Greg Hunter: Published on Aug 15, 2019
If you wanted another sign the economy is not doing well, look no further than the latest allegations General Electric is a “bigger fraud than Enron.” The person making this charge is Harry Markopolos who uncovered the $60 billion Bernie Madoff scam years ago. This is a DOW 30 stock, and downside of this news, if proven true, is dire.
Deutsche Bank (DB), the financial institution the International Monetary Fund (IMF) called the “most systemically dangerous bank in the world” back in 2016, hit a fresh new all-time low of $6.44 per share. Charles Nenner predicted that if DB went below $6.40, it would head to $0 in the not-so-distant-future. Will world renowned, market cycle expert Charles Nenner be proven correct?
Analyst Bo Polny, market cycle expert that applies the Bible to his work, says a “worldwide market crash is coming in 2019.”
Polny says gold and silver prices are headed to new all-time highs, and there will be severe market down turns coming in the months ahead.
This is a first ever live interview included within the Wrap-Up. Join Greg Hunter as he talks about the big financial stories of the week and also interviews Bo Polny of Gold2020Forecast.com about a market crash of Biblical proportions coming soon.
Those Questions No One Can Answer
Why does rain drop and snow falls?
What disease did cured ham have?
What's the difference between unique and very unique?
We put in our two cents, but only get a penny for our thoughts. Who gets the extra penny?
When do you become important enough to be considered assassinated and not just murdered?
Can you cry under water?
Who decided that a round pizza should be put in a square box?
Why did we put a man on the moon before we realized it would be a good idea to make luggage with wheels?
Why are actors IN movies but ON television?
Why do toasters always have a setting that burns the toast?
Why does grass grow where you do not want it and not grow where you do?
Why do we say we slept like a baby when they wake up every two hours?
Why do we pay to get to the top of tall buildings, then pay to use binoculars to look at things on the ground?
If a deaf person goes to court, do they still call it a hearing?
What is a Japanese maple tree called in Japan?
We say, "It's Greek to me." What do the Greeks say?
If we don't care that Jimmy cracked corn, why do we still sing about it?
Why does Goofy stand upright and Pluto stands on all four feet? They're both dogs.
Why does "Twinkle, Twinkle Little Star" and "The Alphabet Song" have the same tune?
On Gilligan's Island, the professor could make a radio out of a coconut. Why couldn't he fix the hole in the boat?
If Wile E. Coyote has enough money to buy all that stuff from ACME, why doesn't he just buy himself dinner?
Why does a dog get mad at you if you blow in his face, but then stick his head out the window when you take him for a car ride?
Why do they call it a rest room when your not there to rest?
Why do they call it a tooth brush and not a teeth brush?
Why is it a flock of birds but a gaggle of geese?
Why do the call a rabbits foot lucky? not lucky for the rabbit and he had 4.