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Sage449

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  19. If I Pray Enough, Maybe God Will Do This * Dutch Sheets * GiveHIM15 * 12/01/2023

    in Off Topic posts

    Posted

    Yes: "Yes, persistence is necessary as we intercede for people’s restoration, salvation, and other breakthroughs, but not to overcome God's reluctance. This is vital to know and remember, for it is impossible to petition Him in faith, which is a requirement, if we aren’t confident it is His will to do what we are asking."

     

    Read the rest too, where do such "ideas" originate and where's the support for them? Astounding and my question rhetorical. 

    • Like 1

  24. On iraqi TV.... apparently

    in Dinar Rumors

    Posted

    Christmas a standing rib roast or prime rib plus all the trimmins like mashed potatoes or augratin potatoes,  stuffing - cornbread or regular with oysters in the stuffing- and veggies- sides of shrimp and deviled eggs plus bourbon pecan chocolate pie. Homemade rolls like crescent or croissants. 

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  25. Bond market collapse

    in Dinar Rumors

    Posted

    https://www.cnbc.com/2023/11/15/ubs-boss-ermotti-says-incredible-bond-demand-is-a-signal-to-the-swiss-banking-system.html

     

    FINANCE

    UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

    PUBLISHED WED, NOV 15 20237:06 AM ESTUPDATED WED, NOV 15 20238:04 AM EST

    Elliot Smith@ELLIOTSMITHCNBC

     

    KEY POINTS

    The Swiss lender last week began selling the bonds — which were at the heart of controversy during its emergency rescue of Credit Suisse earlier this year — for the first time since the takeover.The wipeout of $17 billion of Credit Suisse AT1 bonds in March, as part of the rescue deal brokered by Swiss authorities, caused uproar among bondholders and continues to saddle the Swiss government and regulator with legal challenges.

    Sergio Ermotti, CEO of UBS gestures during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019.

    Arnd WIegmann | Reuters

    UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one) bonds is a “signal to the Swiss banking system.”

    The Swiss lender last week began selling the bonds — which were at the heart of controversy during its emergency rescue of Credit Suisse earlier this year — for the first time since the takeover.

    Ermotti told CNBC on Wednesday that he was “more than encouraged” by the massive oversubscription received for last week’s return to the market.

    “The AT1 demand was incredible — $36 billion of demand for what happened to be $3.5 billion of placements — and in my point of view, it was probably the highlight in a sense of the confidence is restoring not only for UBS, I would say also it is a signal to the Swiss financial system,” Ermotti said.

     

    UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

    The wipeout of $17 billion of Credit Suisse AT1 bonds in March, which was part of the rescue deal brokered by Swiss authorities, caused uproar among bondholders and continues to saddle the Swiss government and regulator with legal challenges. Some commentators suggested that it had undermined confidence in the traditionally stable and reliable Swiss banking system.

    “The first reactions were based on emotions or people that were very loud because they had their own interest, but I think that, as time went by, people had enough chances to really look at the idiosyncratic situation, and also probably look more carefully into the prospectus of what is written,” Ermotti told CNBC’s Joumanna Bercetche on the sidelines of the UBS Conference in London.

    “Those bonds were designed to be there for those kind of situations so I think that people over time, or the vast majority of the people, are coming down to a more balanced way of looking at matters,” he added.

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