Jamesc Hypersonic February 8, 2021 Share February 8, 2021 There is an "unhealthy correlation" between the building of skyscrapers and subsequent financial crashes, according to Barclays Capital. Examples include the Empire State building, built as the Great Depression was under way, and the current world's tallest, the Burj Khalifa, built just before Dubai almost went bust. China is currently the biggest builder of skyscrapers, the bank said. India also has 14 skyscrapers under construction. "Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction," Barclays Capital analysts said. The bank noted that the world's first skyscraper, the Equitable Life building in New York, was completed in 1873 and coincided with a five-year recession. It was demolished in 1912. Other examples include Chicago's Willis Tower (which was formerly known as the Sears Tower) in 1974, just as there was an oil shock and the US dollar's peg to gold was abandoned. And Malaysia's Petronas Towers in 1997, which coincided with the Asian financial crisis. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic February 8, 2021 Share February 8, 2021 Huh? Mark up selling price and offer BNPL scheme is interest free? 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 8, 2021 Share February 8, 2021 BNPL is not a problem. BNCPL is the problem. Buy Now Cannot Pay later. NPL in BNPL I keep thinking of Non Performing Loans. Must be the bonker in me. 1 1 Link to post Share on other sites More sharing options...
Spurman Supercharged February 9, 2021 Share February 9, 2021 Fanciful name which was in olace so many yrs. Created by westerners Link to post Share on other sites More sharing options...
1fast1 Supersonic February 9, 2021 Share February 9, 2021 19 hours ago, Jamesc said: She BNPL. Really? I thought you wanted to take her up to visit the roof of a skyscraper. High heels. Strong winds. Etc. 😁 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 9, 2021 Share February 9, 2021 (edited) 6 minutes ago, Turboflat4 said: Really? I thought you wanted to take her up to visit the roof of a skyscraper. High heels. Strong winds. Etc. 😁 I want to do that but I am feeling a bit lazy. I just need to feel the big push inside me to get around to doing it. Edited February 9, 2021 by Jamesc 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic February 9, 2021 Share February 9, 2021 BNPL is nothing new, even get cash now pay later also got. Years back (maybe now still available) you could buy something from those stores that offer BNPL for cash at around 20% discount. Someone desperate for cash would take your money but "BNPL" the appliance and pass to you, and would service the loan. The arranger probably make a 10% cut. Still cheaper than Ah Long's rates for the borrower. Everyone wins. 3 Link to post Share on other sites More sharing options...
1fast1 Supersonic February 9, 2021 Share February 9, 2021 1 hour ago, Jamesc said: I want to do that but I am feeling a bit lazy. I just need to feel the big push inside me to get around to doing it. Sometimes, a push is not enough. Sometimes, a kick may be just what the doctor ordered. 😁 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 9, 2021 Share February 9, 2021 6 minutes ago, Turboflat4 said: Sometimes, a push is not enough. Sometimes, a kick may be just what the doctor ordered. 😁 I always follow doctor's orders. 2 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged February 9, 2021 Author Share February 9, 2021 22 hours ago, Jusnel said: What's new? We buy our cars and homes on BNPL model, expect it has interests. Anything new? BNPL is 0% interest Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 9, 2021 Share February 9, 2021 Prices are factored in already. Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear February 9, 2021 Share February 9, 2021 1 hour ago, Sdf4786k said: BNPL is 0% interest Uh. Interest is paid up front. Is there any difference? Link to post Share on other sites More sharing options...
Beregond Supersonic February 9, 2021 Share February 9, 2021 19 hours ago, Jamesc said: china already ban building of skyscraper not long ago. forgot their height limit now, 500m i think 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged February 9, 2021 Author Share February 9, 2021 4 hours ago, ToyotaShuttle said: Uh. Interest is paid up front. Is there any difference? I pay full price for insurance or installment same price. Where is the interest up front ? 1 Link to post Share on other sites More sharing options...
Albeniz Turbocharged February 10, 2021 Share February 10, 2021 Many die-hard supporters of stock market are brushing aside the warning of a bubble. To them, they choose to believe the current high value is due to a re-pricing of a coming growth surge. Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 10, 2021 Share February 10, 2021 I am not worried about BNPL. What is worrying is kids playing the stock market. When a shoe shin boy was giving tips on which shares to buy the stock market will collapse. This happened in 1929. 2 1 Link to post Share on other sites More sharing options...
noobcarbuyer 5th Gear February 10, 2021 Share February 10, 2021 13 minutes ago, Jamesc said: I am not worried about BNPL. What is worrying is kids playing the stock market. When a shoe shin boy was giving tips on which shares to buy the stock market will collapse. This happened in 1929. Yes, I too have noticed a trend ,of university kids and those who have just joined the workforce, speculating on penny stocks, meme stocks and even crypto. Some of my young colleagues are quite literally obsessed with the US stock markets and crypto now. Another variant of the shoe shine tale is "When you visit the dentist and all the receptionist wants to talk about are stocks", means that a crash is coming. I am not sure whether we are really in bubble territory yet, though there has been signs of certain asset classes beginning to look quite frothy. With ultra low interest rates continuing for the foreseeable future, and central banks still pumping liquidity into the system, I think we are still got some way to go. 2021 will be quite a wild rocket ride. Not so sure about 2022 though. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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