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2021-08-31

Insightful

Five potential bubbles that may be about to burst

2021-08-31

Finger crossed

Former Fed official warns of 'urgent' threat of another financial crisis

2021-08-31

Insightful

Affirm Stock Jumps On Amazon "Buy Now, Pay Later" E-Commerce Deal

2021-08-31

[强]

抱歉，原内容已删除

2021-08-31

When will you go up!!!

2021-08-31

👍

抱歉，原内容已删除

2021-08-30

Hope this one will reach 3$ again

2021-08-20

When will you go up?

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08:44","market":"us","language":"en","title":"Five potential bubbles that may be about to burst","url":"https://stock-news.laohu8.com/highlight/detail?id=1122000344","media":"The Telegraph","summary":"If you own your home, you may have noticed that the roof above your head has been growing more valua","content":"<p>If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.</p>\n<p>Almost every part of the property market – some London flats excepted – is booming. Prices in June were up more than 13pc on the year,the fastest pace since 2004.</p>\n<p>It is not only homes which are getting more expensive. Stocks, bonds, commodities and more have all seen sharp price moves since Covid struck.</p>\n<p>Heady rises in assets certainly make investors feel good and raise hopes the economy is on the right track, often in a self-reinforcing cycle.</p>\n<p>But when everything is going up, twitchy markets can suddenly turn, alert for anything which could knock the rebound off course or burst what turns out to be a bubble.</p>\n<p>The Federal Reserve couldbungle the end of quantitative easing, causing a 2013-style taper tantrum. Inflation’s surge could be sustained,forcing higher interest rates. Another Covid wave could shock markets out of their optimism.</p>\n<p>Here are five potential bubbles and the threats facing investors.</p>\n<p><b>House prices</b></p>\n<p>Prices hit records this summer. The UK average jumped to £266,000 – up £31,000 on the year, according to the Office for National Statistics.</p>\n<p>Britain’s boom is but one part of an extraordinarily hotglobal property market. US prices are up almost 15pc, the fastest pace in 30 years. Canada’s market is up almost 14pc. New Zealand’s property market is up almost 30pc.</p>\n<p>This is all evidence to analysts at the Resolution Foundation that low interest rates, lockdown savings and shifting demand have been more important factors than Britain’s stamp duty holiday in pushing up prices.</p>\n<p>The end of the tax break is unlikely to burst the bubble – but a rise in interest rates could.</p>\n<p>Andrew Wishart at Capital Economics expects prices to rise another 7.5pc by the end of 2023 aided by lower mortgage rates. But he acknowledges the risk of Bank of England rate hikes.</p>\n<p>“If the Monetary Policy Committee undertakes a significant tightening cycle, perhaps raising Bank Rate to 1.50pc, house prices could drop by 4pc,” he says.</p>\n<p><b>Bonds</b></p>\n<p>Families are not the only borrowers who have become extremely used to ultra-low rates.</p>\n<p>Governments and businesses have also borrowed hard since the pandemic began with minimal repayments allowing them to spend without too many worries.</p>\n<p>Low bond interest rates – yields – equal high bond prices, raising concern over the potential for a bust.</p>\n<p>Britain’s Government ran its biggest deficit on record in 2020-21, borrowing £298bn. Yet the cost of servicing the debt slumped to a record low of just 2pc of Treasury revenues, down from as much as 4pc in 2019-20 and 7pc in 2011-12.</p>\n<p>But that has already crept up to 2.9pc as.</p>\n<p>Meanwhile businesses worldwide have borrowed heavily. Non-financial businesses’ debts in advanced economies boomed from 165pc of GDP in the final months of 2019 to 185pc by the end of 2020, according to the Bank for International Settlements. In emerging markets it jumped from 147pc to 173pc of GDP. It leaves borrowers vulnerable to a jump in rates.</p>\n<p>Barry Naisbitt, economist at the National Institute of Economic and Social Research, says the extent of the risk depends on how suddenly any rise in rates arrives.</p>\n<p>“The average duration of UK government debt is long compared to other countries, so it would not immediately face having to roll over debts [at a higher rate],” he says. “But some countries and companies do need to roll over debts soon and could be caught out by a very sudden change.”</p>\n<p><b>Stocks</b></p>\n<p>America’s S&amp;P 500 rapidly rebounded from the Covid slump and routinely reaches new highs.</p>\n<p>Optimism on growth is one thing. Assumingand inflation will not become a problem is another.</p>\n<p>Mark Haefele, chief investment officer at UBS Wealth Management, expects a “smooth landing” as the Fed eases off the accelerator, but is wary of the hazards ahead.</p>\n<p>“Every inflation report above 2pc will lead to a chorus of calls for the Fed and other central banks to rein in stimulus, so that inflation doesn’t spiral out of control,” he says.</p>\n<p>“At the same time, the Fed knows that overzealous attempts to tame inflation risk putting the economy and markets on course for a hard landing.”</p>\n<p>He expects the S&amp;P 500 to rise from almost 4,500 now to 4,800 by June 2022. But with “bad inflation”, a growth crunch or a new Covid scare – the market could tumble to 3,800, erasing almost all of 2021’s gain</p>\n<p><b>Commodities</b></p>\n<p>The real economy is as big a risk as monetary policy, particularly when it comes to commodity prices.</p>\n<p>Copper offers a salutary lesson to any investors who think everything has to keep rising this year.</p>\n<p>The red metal doubled in price between its spring 2020 trough and May 2021, far above pre-pandemic levels as China’s economy boomed and the net zero agenda set demand forecasts soaring. But it stumbled several times as Chinese authorities took action to cool prices, then fears of a new wave of Covid hit demand.</p>\n<p>At their low ebb this month– high by historical standards, but a sign of how fast a booming market can change.</p>\n<p><b>Bitcoin</b></p>\n<p>If real world assets are not enough,appears to be on another tear, rising close to $50,000 in recent days from a July low of below $30,000. In April it was more than $60,000.</p>\n<p>Andrew Bailey, Governor of the Bank of England, has been clear about his expectations for the fashionable digital creation. “A cryptoasset is not money (hence the term cryptocurrency is misleading) and has no intrinsic value because it has no backing,” he said earlier this summer.</p>\n<p>Its ultimate value is “highly unstable and could be nothing.”</p>\n<p>At least houses can still be lived in when a bubble pops.</p>","source":"lsy1602484828908","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five potential bubbles that may be about to burst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive potential bubbles that may be about to burst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html><strong>The Telegraph</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.\nAlmost every part of the property market – some London flats excepted – is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122000344","content_text":"If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.\nAlmost every part of the property market – some London flats excepted – is booming. Prices in June were up more than 13pc on the year,the fastest pace since 2004.\nIt is not only homes which are getting more expensive. Stocks, bonds, commodities and more have all seen sharp price moves since Covid struck.\nHeady rises in assets certainly make investors feel good and raise hopes the economy is on the right track, often in a self-reinforcing cycle.\nBut when everything is going up, twitchy markets can suddenly turn, alert for anything which could knock the rebound off course or burst what turns out to be a bubble.\nThe Federal Reserve couldbungle the end of quantitative easing, causing a 2013-style taper tantrum. Inflation’s surge could be sustained,forcing higher interest rates. Another Covid wave could shock markets out of their optimism.\nHere are five potential bubbles and the threats facing investors.\nHouse prices\nPrices hit records this summer. The UK average jumped to £266,000 – up £31,000 on the year, according to the Office for National Statistics.\nBritain’s boom is but one part of an extraordinarily hotglobal property market. US prices are up almost 15pc, the fastest pace in 30 years. Canada’s market is up almost 14pc. New Zealand’s property market is up almost 30pc.\nThis is all evidence to analysts at the Resolution Foundation that low interest rates, lockdown savings and shifting demand have been more important factors than Britain’s stamp duty holiday in pushing up prices.\nThe end of the tax break is unlikely to burst the bubble – but a rise in interest rates could.\nAndrew Wishart at Capital Economics expects prices to rise another 7.5pc by the end of 2023 aided by lower mortgage rates. But he acknowledges the risk of Bank of England rate hikes.\n“If the Monetary Policy Committee undertakes a significant tightening cycle, perhaps raising Bank Rate to 1.50pc, house prices could drop by 4pc,” he says.\nBonds\nFamilies are not the only borrowers who have become extremely used to ultra-low rates.\nGovernments and businesses have also borrowed hard since the pandemic began with minimal repayments allowing them to spend without too many worries.\nLow bond interest rates – yields – equal high bond prices, raising concern over the potential for a bust.\nBritain’s Government ran its biggest deficit on record in 2020-21, borrowing £298bn. Yet the cost of servicing the debt slumped to a record low of just 2pc of Treasury revenues, down from as much as 4pc in 2019-20 and 7pc in 2011-12.\nBut that has already crept up to 2.9pc as.\nMeanwhile businesses worldwide have borrowed heavily. Non-financial businesses’ debts in advanced economies boomed from 165pc of GDP in the final months of 2019 to 185pc by the end of 2020, according to the Bank for International Settlements. In emerging markets it jumped from 147pc to 173pc of GDP. It leaves borrowers vulnerable to a jump in rates.\nBarry Naisbitt, economist at the National Institute of Economic and Social Research, says the extent of the risk depends on how suddenly any rise in rates arrives.\n“The average duration of UK government debt is long compared to other countries, so it would not immediately face having to roll over debts [at a higher rate],” he says. “But some countries and companies do need to roll over debts soon and could be caught out by a very sudden change.”\nStocks\nAmerica’s S&P 500 rapidly rebounded from the Covid slump and routinely reaches new highs.\nOptimism on growth is one thing. Assumingand inflation will not become a problem is another.\nMark Haefele, chief investment officer at UBS Wealth Management, expects a “smooth landing” as the Fed eases off the accelerator, but is wary of the hazards ahead.\n“Every inflation report above 2pc will lead to a chorus of calls for the Fed and other central banks to rein in stimulus, so that inflation doesn’t spiral out of control,” he says.\n“At the same time, the Fed knows that overzealous attempts to tame inflation risk putting the economy and markets on course for a hard landing.”\nHe expects the S&P 500 to rise from almost 4,500 now to 4,800 by June 2022. But with “bad inflation”, a growth crunch or a new Covid scare – the market could tumble to 3,800, erasing almost all of 2021’s gain\nCommodities\nThe real economy is as big a risk as monetary policy, particularly when it comes to commodity prices.\nCopper offers a salutary lesson to any investors who think everything has to keep rising this year.\nThe red metal doubled in price between its spring 2020 trough and May 2021, far above pre-pandemic levels as China’s economy boomed and the net zero agenda set demand forecasts soaring. But it stumbled several times as Chinese authorities took action to cool prices, then fears of a new wave of Covid hit demand.\nAt their low ebb this month– high by historical standards, but a sign of how fast a booming market can change.\nBitcoin\nIf real world assets are not enough,appears to be on another tear, rising close to $50,000 in recent days from a July low of below $30,000. In April it was more than $60,000.\nAndrew Bailey, Governor of the Bank of England, has been clear about his expectations for the fashionable digital creation. “A cryptoasset is not money (hence the term cryptocurrency is misleading) and has no intrinsic value because it has no backing,” he said earlier this summer.\nIts ultimate value is “highly unstable and could be nothing.”\nAt least houses can still be lived in when a bubble pops.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126738,"gmtCreate":1630386607724,"gmtModify":1704959526925,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Finger crossed","listText":"Finger crossed","text":"Finger crossed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126738","repostId":"2163381188","repostType":4,"repost":{"id":"2163381188","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630370460,"share":"https://www.laohu8.com/m/news/2163381188?lang=&edition=full","pubTime":"2021-08-31 08:41","market":"hk","language":"en","title":"Former Fed official warns of 'urgent' threat of another financial crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=2163381188","media":"Dow Jones","summary":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered F","content":"<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Fed official warns of 'urgent' threat of another financial crisis</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer Fed official warns of 'urgent' threat of another financial crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 08:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163381188","content_text":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.\nDon Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.\n\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"\nKohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.\nDespite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.\nWhat's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.\nKohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being one of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"\nUnlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.\nOne strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks $(XLF)$ to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.\nThe Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.\n\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.\nKohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.\nKohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.\n\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.\nKohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.\n\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126260,"gmtCreate":1630386575050,"gmtModify":1704959526412,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Insightful&nbsp;","listText":"Insightful&nbsp;","text":"Insightful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126260","repostId":"1170371463","repostType":4,"repost":{"id":"1170371463","kind":"news","pubTimestamp":1630378945,"share":"https://www.laohu8.com/m/news/1170371463?lang=&edition=full","pubTime":"2021-08-31 11:02","market":"us","language":"en","title":"Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1170371463","media":"Investors","summary":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's","content":"<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p>\n<p>Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p>\n<p>\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p>\n<p>Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p>\n<p>Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p>\n<p>Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p>\n<p><b>Affirm Stock: Biggest Customer Is Peloton</b></p>\n<p>Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p>\n<p>Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p>\n<p>Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p>\n<p>As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAffirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220><strong>Investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of ...</p>\n\n<a href=\"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc.","AMZN":"亚马逊","SQ":"Block"},"source_url":"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170371463","content_text":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.\nAffirm said after the market close on Friday that Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months. Online retailers generally pay BNPL companies transaction fees of 4% to 5%.\n\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"\nAffirm stock soared 47% to close at 99.59 on the stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.\nAffirm stock reports fiscal fourth-quarter earnings on Sept. 9.\nAffirm also provides BNPL services to Amazon rival Wal-Mart. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.\nAffirm Stock: Biggest Customer Is Peloton\nConsumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.\nAffirm's biggest customer has been home fitness giantPeloton Interactive(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers includeNordstrom(JWN), privately held Neiman Marcus,Dick's Sporting Goods(DKS), andWilliams-Sonoma(WSM).\nSquare on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.\nAs of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126053,"gmtCreate":1630386539872,"gmtModify":1704959525723,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126053","repostId":"2163831208","repostType":4,"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818121639,"gmtCreate":1630386445521,"gmtModify":1704959523147,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"When will you go up!!!","listText":"When will you go up!!!","text":"When will you go up!!!","images":[{"img":"https://static.tigerbbs.com/52ca32f937df2761cac25ce8c8ebf7e3","width":"1080","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818121639","isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":818123387,"gmtCreate":1630386359349,"gmtModify":1704959521431,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818123387","repostId":"2163833181","repostType":4,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811289208,"gmtCreate":1630326698404,"gmtModify":1704958464635,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Hope this one will reach 3$ again","listText":"Hope this one will reach 3$ again","text":"Hope this one will reach 3$ again","images":[{"img":"https://static.tigerbbs.com/0dbe4734b29e6b969c856fc36439ccc7","width":"1080","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811289208","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":838491666,"gmtCreate":1629422701355,"gmtModify":1633684961504,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"When will you go up?","listText":"When will you go up?","text":"When will you go up?","images":[{"img":"https://static.tigerbbs.com/3d23dbc315ab42f8ebc862db7626b490","width":"1080","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838491666","isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":818123387,"gmtCreate":1630386359349,"gmtModify":1704959521431,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818123387","repostId":"2163833181","repostType":4,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818122481,"gmtCreate":1630386689143,"gmtModify":1704959528475,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Insightful","listText":"Insightful","text":"Insightful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818122481","repostId":"1122000344","repostType":4,"repost":{"id":"1122000344","kind":"news","pubTimestamp":1630370673,"share":"https://www.laohu8.com/m/news/1122000344?lang=&edition=full","pubTime":"2021-08-31 08:44","market":"us","language":"en","title":"Five potential bubbles that may be about to burst","url":"https://stock-news.laohu8.com/highlight/detail?id=1122000344","media":"The Telegraph","summary":"If you own your home, you may have noticed that the roof above your head has been growing more valua","content":"<p>If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.</p>\n<p>Almost every part of the property market – some London flats excepted – is booming. Prices in June were up more than 13pc on the year,the fastest pace since 2004.</p>\n<p>It is not only homes which are getting more expensive. Stocks, bonds, commodities and more have all seen sharp price moves since Covid struck.</p>\n<p>Heady rises in assets certainly make investors feel good and raise hopes the economy is on the right track, often in a self-reinforcing cycle.</p>\n<p>But when everything is going up, twitchy markets can suddenly turn, alert for anything which could knock the rebound off course or burst what turns out to be a bubble.</p>\n<p>The Federal Reserve couldbungle the end of quantitative easing, causing a 2013-style taper tantrum. Inflation’s surge could be sustained,forcing higher interest rates. Another Covid wave could shock markets out of their optimism.</p>\n<p>Here are five potential bubbles and the threats facing investors.</p>\n<p><b>House prices</b></p>\n<p>Prices hit records this summer. The UK average jumped to £266,000 – up £31,000 on the year, according to the Office for National Statistics.</p>\n<p>Britain’s boom is but one part of an extraordinarily hotglobal property market. US prices are up almost 15pc, the fastest pace in 30 years. Canada’s market is up almost 14pc. New Zealand’s property market is up almost 30pc.</p>\n<p>This is all evidence to analysts at the Resolution Foundation that low interest rates, lockdown savings and shifting demand have been more important factors than Britain’s stamp duty holiday in pushing up prices.</p>\n<p>The end of the tax break is unlikely to burst the bubble – but a rise in interest rates could.</p>\n<p>Andrew Wishart at Capital Economics expects prices to rise another 7.5pc by the end of 2023 aided by lower mortgage rates. But he acknowledges the risk of Bank of England rate hikes.</p>\n<p>“If the Monetary Policy Committee undertakes a significant tightening cycle, perhaps raising Bank Rate to 1.50pc, house prices could drop by 4pc,” he says.</p>\n<p><b>Bonds</b></p>\n<p>Families are not the only borrowers who have become extremely used to ultra-low rates.</p>\n<p>Governments and businesses have also borrowed hard since the pandemic began with minimal repayments allowing them to spend without too many worries.</p>\n<p>Low bond interest rates – yields – equal high bond prices, raising concern over the potential for a bust.</p>\n<p>Britain’s Government ran its biggest deficit on record in 2020-21, borrowing £298bn. Yet the cost of servicing the debt slumped to a record low of just 2pc of Treasury revenues, down from as much as 4pc in 2019-20 and 7pc in 2011-12.</p>\n<p>But that has already crept up to 2.9pc as.</p>\n<p>Meanwhile businesses worldwide have borrowed heavily. Non-financial businesses’ debts in advanced economies boomed from 165pc of GDP in the final months of 2019 to 185pc by the end of 2020, according to the Bank for International Settlements. In emerging markets it jumped from 147pc to 173pc of GDP. It leaves borrowers vulnerable to a jump in rates.</p>\n<p>Barry Naisbitt, economist at the National Institute of Economic and Social Research, says the extent of the risk depends on how suddenly any rise in rates arrives.</p>\n<p>“The average duration of UK government debt is long compared to other countries, so it would not immediately face having to roll over debts [at a higher rate],” he says. “But some countries and companies do need to roll over debts soon and could be caught out by a very sudden change.”</p>\n<p><b>Stocks</b></p>\n<p>America’s S&amp;P 500 rapidly rebounded from the Covid slump and routinely reaches new highs.</p>\n<p>Optimism on growth is one thing. Assumingand inflation will not become a problem is another.</p>\n<p>Mark Haefele, chief investment officer at UBS Wealth Management, expects a “smooth landing” as the Fed eases off the accelerator, but is wary of the hazards ahead.</p>\n<p>“Every inflation report above 2pc will lead to a chorus of calls for the Fed and other central banks to rein in stimulus, so that inflation doesn’t spiral out of control,” he says.</p>\n<p>“At the same time, the Fed knows that overzealous attempts to tame inflation risk putting the economy and markets on course for a hard landing.”</p>\n<p>He expects the S&amp;P 500 to rise from almost 4,500 now to 4,800 by June 2022. But with “bad inflation”, a growth crunch or a new Covid scare – the market could tumble to 3,800, erasing almost all of 2021’s gain</p>\n<p><b>Commodities</b></p>\n<p>The real economy is as big a risk as monetary policy, particularly when it comes to commodity prices.</p>\n<p>Copper offers a salutary lesson to any investors who think everything has to keep rising this year.</p>\n<p>The red metal doubled in price between its spring 2020 trough and May 2021, far above pre-pandemic levels as China’s economy boomed and the net zero agenda set demand forecasts soaring. But it stumbled several times as Chinese authorities took action to cool prices, then fears of a new wave of Covid hit demand.</p>\n<p>At their low ebb this month– high by historical standards, but a sign of how fast a booming market can change.</p>\n<p><b>Bitcoin</b></p>\n<p>If real world assets are not enough,appears to be on another tear, rising close to $50,000 in recent days from a July low of below $30,000. In April it was more than $60,000.</p>\n<p>Andrew Bailey, Governor of the Bank of England, has been clear about his expectations for the fashionable digital creation. “A cryptoasset is not money (hence the term cryptocurrency is misleading) and has no intrinsic value because it has no backing,” he said earlier this summer.</p>\n<p>Its ultimate value is “highly unstable and could be nothing.”</p>\n<p>At least houses can still be lived in when a bubble pops.</p>","source":"lsy1602484828908","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five potential bubbles that may be about to burst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive potential bubbles that may be about to burst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html><strong>The Telegraph</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.\nAlmost every part of the property market – some London flats excepted – is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/five-potential-bubbles-may-burst-113839455.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122000344","content_text":"If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.\nAlmost every part of the property market – some London flats excepted – is booming. Prices in June were up more than 13pc on the year,the fastest pace since 2004.\nIt is not only homes which are getting more expensive. Stocks, bonds, commodities and more have all seen sharp price moves since Covid struck.\nHeady rises in assets certainly make investors feel good and raise hopes the economy is on the right track, often in a self-reinforcing cycle.\nBut when everything is going up, twitchy markets can suddenly turn, alert for anything which could knock the rebound off course or burst what turns out to be a bubble.\nThe Federal Reserve couldbungle the end of quantitative easing, causing a 2013-style taper tantrum. Inflation’s surge could be sustained,forcing higher interest rates. Another Covid wave could shock markets out of their optimism.\nHere are five potential bubbles and the threats facing investors.\nHouse prices\nPrices hit records this summer. The UK average jumped to £266,000 – up £31,000 on the year, according to the Office for National Statistics.\nBritain’s boom is but one part of an extraordinarily hotglobal property market. US prices are up almost 15pc, the fastest pace in 30 years. Canada’s market is up almost 14pc. New Zealand’s property market is up almost 30pc.\nThis is all evidence to analysts at the Resolution Foundation that low interest rates, lockdown savings and shifting demand have been more important factors than Britain’s stamp duty holiday in pushing up prices.\nThe end of the tax break is unlikely to burst the bubble – but a rise in interest rates could.\nAndrew Wishart at Capital Economics expects prices to rise another 7.5pc by the end of 2023 aided by lower mortgage rates. But he acknowledges the risk of Bank of England rate hikes.\n“If the Monetary Policy Committee undertakes a significant tightening cycle, perhaps raising Bank Rate to 1.50pc, house prices could drop by 4pc,” he says.\nBonds\nFamilies are not the only borrowers who have become extremely used to ultra-low rates.\nGovernments and businesses have also borrowed hard since the pandemic began with minimal repayments allowing them to spend without too many worries.\nLow bond interest rates – yields – equal high bond prices, raising concern over the potential for a bust.\nBritain’s Government ran its biggest deficit on record in 2020-21, borrowing £298bn. Yet the cost of servicing the debt slumped to a record low of just 2pc of Treasury revenues, down from as much as 4pc in 2019-20 and 7pc in 2011-12.\nBut that has already crept up to 2.9pc as.\nMeanwhile businesses worldwide have borrowed heavily. Non-financial businesses’ debts in advanced economies boomed from 165pc of GDP in the final months of 2019 to 185pc by the end of 2020, according to the Bank for International Settlements. In emerging markets it jumped from 147pc to 173pc of GDP. It leaves borrowers vulnerable to a jump in rates.\nBarry Naisbitt, economist at the National Institute of Economic and Social Research, says the extent of the risk depends on how suddenly any rise in rates arrives.\n“The average duration of UK government debt is long compared to other countries, so it would not immediately face having to roll over debts [at a higher rate],” he says. “But some countries and companies do need to roll over debts soon and could be caught out by a very sudden change.”\nStocks\nAmerica’s S&P 500 rapidly rebounded from the Covid slump and routinely reaches new highs.\nOptimism on growth is one thing. Assumingand inflation will not become a problem is another.\nMark Haefele, chief investment officer at UBS Wealth Management, expects a “smooth landing” as the Fed eases off the accelerator, but is wary of the hazards ahead.\n“Every inflation report above 2pc will lead to a chorus of calls for the Fed and other central banks to rein in stimulus, so that inflation doesn’t spiral out of control,” he says.\n“At the same time, the Fed knows that overzealous attempts to tame inflation risk putting the economy and markets on course for a hard landing.”\nHe expects the S&P 500 to rise from almost 4,500 now to 4,800 by June 2022. But with “bad inflation”, a growth crunch or a new Covid scare – the market could tumble to 3,800, erasing almost all of 2021’s gain\nCommodities\nThe real economy is as big a risk as monetary policy, particularly when it comes to commodity prices.\nCopper offers a salutary lesson to any investors who think everything has to keep rising this year.\nThe red metal doubled in price between its spring 2020 trough and May 2021, far above pre-pandemic levels as China’s economy boomed and the net zero agenda set demand forecasts soaring. But it stumbled several times as Chinese authorities took action to cool prices, then fears of a new wave of Covid hit demand.\nAt their low ebb this month– high by historical standards, but a sign of how fast a booming market can change.\nBitcoin\nIf real world assets are not enough,appears to be on another tear, rising close to $50,000 in recent days from a July low of below $30,000. In April it was more than $60,000.\nAndrew Bailey, Governor of the Bank of England, has been clear about his expectations for the fashionable digital creation. “A cryptoasset is not money (hence the term cryptocurrency is misleading) and has no intrinsic value because it has no backing,” he said earlier this summer.\nIts ultimate value is “highly unstable and could be nothing.”\nAt least houses can still be lived in when a bubble pops.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126738,"gmtCreate":1630386607724,"gmtModify":1704959526925,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Finger crossed","listText":"Finger crossed","text":"Finger crossed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126738","repostId":"2163381188","repostType":4,"repost":{"id":"2163381188","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630370460,"share":"https://www.laohu8.com/m/news/2163381188?lang=&edition=full","pubTime":"2021-08-31 08:41","market":"hk","language":"en","title":"Former Fed official warns of 'urgent' threat of another financial crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=2163381188","media":"Dow Jones","summary":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered F","content":"<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Fed official warns of 'urgent' threat of another financial crisis</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer Fed official warns of 'urgent' threat of another financial crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 08:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163381188","content_text":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.\nDon Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.\n\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"\nKohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.\nDespite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.\nWhat's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.\nKohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being one of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"\nUnlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.\nOne strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks $(XLF)$ to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.\nThe Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.\n\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.\nKohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.\nKohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.\n\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.\nKohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.\n\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126260,"gmtCreate":1630386575050,"gmtModify":1704959526412,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Insightful&nbsp;","listText":"Insightful&nbsp;","text":"Insightful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126260","repostId":"1170371463","repostType":4,"repost":{"id":"1170371463","kind":"news","pubTimestamp":1630378945,"share":"https://www.laohu8.com/m/news/1170371463?lang=&edition=full","pubTime":"2021-08-31 11:02","market":"us","language":"en","title":"Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1170371463","media":"Investors","summary":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's","content":"<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p>\n<p>Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p>\n<p>\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p>\n<p>Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p>\n<p>Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p>\n<p>Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p>\n<p><b>Affirm Stock: Biggest Customer Is Peloton</b></p>\n<p>Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p>\n<p>Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p>\n<p>Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p>\n<p>As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAffirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220><strong>Investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of ...</p>\n\n<a href=\"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc.","AMZN":"亚马逊","SQ":"Block"},"source_url":"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170371463","content_text":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.\nAffirm said after the market close on Friday that Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months. Online retailers generally pay BNPL companies transaction fees of 4% to 5%.\n\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"\nAffirm stock soared 47% to close at 99.59 on the stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.\nAffirm stock reports fiscal fourth-quarter earnings on Sept. 9.\nAffirm also provides BNPL services to Amazon rival Wal-Mart. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.\nAffirm Stock: Biggest Customer Is Peloton\nConsumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.\nAffirm's biggest customer has been home fitness giantPeloton Interactive(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers includeNordstrom(JWN), privately held Neiman Marcus,Dick's Sporting Goods(DKS), andWilliams-Sonoma(WSM).\nSquare on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.\nAs of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818126053,"gmtCreate":1630386539872,"gmtModify":1704959525723,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818126053","repostId":"2163831208","repostType":4,"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818121639,"gmtCreate":1630386445521,"gmtModify":1704959523147,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"When will you go up!!!","listText":"When will you go up!!!","text":"When will you go up!!!","images":[{"img":"https://static.tigerbbs.com/52ca32f937df2761cac25ce8c8ebf7e3","width":"1080","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818121639","isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811289208,"gmtCreate":1630326698404,"gmtModify":1704958464635,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"Hope this one will reach 3$ again","listText":"Hope this one will reach 3$ again","text":"Hope this one will reach 3$ again","images":[{"img":"https://static.tigerbbs.com/0dbe4734b29e6b969c856fc36439ccc7","width":"1080","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811289208","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":838491666,"gmtCreate":1629422701355,"gmtModify":1633684961504,"author":{"id":"3563143729664530","authorId":"3563143729664530","name":"prabu","avatar":"https://static.tigerbbs.com/558da9e3759d69fb6e162aed0e484183","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563143729664530","authorIdStr":"3563143729664530"},"themes":[],"htmlText":"When will you go up?","listText":"When will you go up?","text":"When will you go up?","images":[{"img":"https://static.tigerbbs.com/3d23dbc315ab42f8ebc862db7626b490","width":"1080","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838491666","isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}