The "up-to-the-minute Market Data" thread

Here we go...

They're gonna blame the Italian Mafia...

Mafia blamed for $134bn fake Treasury bills

“They are all fraudulent, it’s obvious. We don’t even have paper securities outstanding for that value,’’ said Mckayla Braden, senior adviser for public affairs at the Bureau of Public Debt at the US Treasury department. “This type of scam has been going on for years.’’

Oh, really?...For Years????...FAIL

Italian prosecutors revealed last month that they had cracked a $1bn bond scam run by the Sicilian Mafia, with the alleged aid of corrupt officials in Venezuela’s central bank. Twenty people were arrested in four countries. The fake bonds were to have been used as collateral to open credit lines with banks, Reuters news agency reported. The Venezuelan central bank denied the accusations.

Why was this story buried??....Hmmmm

Officials in Tokyo were nonplussed. Takeshi Akamatsu, a Japanese foreign ministry press secretary, said Italian authorities had confirmed that two men carrying Japanese passports had been questioned in the bond case but Tokyo had not been informed of their names or whereabouts. “We don’t know where they are now,” Mr Akamatsu said.

You've got to be kidding me.....EPIC FAIL

[edit on 19-6-2009 by RolandBrichter]

[edit on 19-6-2009 by RolandBrichter]

reply to post by RolandBrichter


The biggest case of all time and the Japanese government has not clue where the two carriers are?

like you said "you got to be kidding"

What a joke.

Now, any news at where the bonds are right now? who have them? the US, the Japanese of the Italian government?



[edit on 19-6-2009 by marg6043]

Western US tops 10% unemployment.

The unemployment rate in the West jumped over 10 percent last month, the first time that regional threshold has been broken in about 25 years. On the state level, eight set record-highs and only two — Nebraska and Vermont — did not report increases.

The Labor Department reported Friday that 48 states and the District of Columbia saw employment conditions deteriorate last month. The fallout from the longest recession since World War II, was the worst in Michigan as automakers cut tens of thousands of jobs. Its unemployment rate rose to 14.1 percent.

As I read somewhere else, those "green shoots" people are seeing is seaweed. The economy is hemorrhaging jobs at an astounding rate. So is the government going to come clean or they going to continue to purport the "economy is recovering" lie?

Things are about to get really bad.

I know this because the DJIA was at -6.66 earlier today. That is all I need to know.

Seriously though, it's time to catch up on trade skills and buy items of intrinsic value during the "Greatest Depression".

This story took place on a train near the border of Italy. The whole thing sounded tongue in cheek from the start and the story only showed up in the Italian and Japanese media.

It got a lot of people talking about huge undisclosed caches of "Kennedy bonds" that might be redeemed untimely out of concern for the world debt situation.

Some people even noticed that 134.5 billion value exactly matched the remaining TARP bailout reserves! The Fed *will* have to float more bonds in the current sea of debt for that amount if quantitative easing continues.

Although short on substance this story did probably get some people in Asia thinking about the excess liquidity being poured onto world markets by the US.

[edit on 19-6-2009 by fromunclexcommunicate]

looks like I wasnt the only one who read those news stories I posted one page back... Oil prices are taking a beating toady curde down just over $2 Gasoline down over $4 and a half... not a good day for OPEC

Energy


--------------------------- PRICE CHANGE %CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 69.290 -1.770 -2.49 14:29
GAS OIL FUT (ICE) (USD/MT) 567.000 -18.000 -3.08 14:29
GASOLINE RBOB FUT (USd/gal.) 193.550 -9.400 -4.63 14:09
HEATING OIL FUTR (USd/gal.) 178.250 -5.450 -2.97 14:09
NATURAL GAS FUTR (USD/MMBtu) 4.055 -0.038 -0.93 14:09
WTI CRUDE FUTURE (USD/bbl.) 69.350 -2.020 -2.83 14:09

It's FDIC Friday kiddies

Cooperative Bank, Wilmington, NC 27837 June 19, 2009 June 19, 2009
www.fdic.gov...

Southern Community Bank, Fayetteville, GA 35251 June 19, 2009 June 19, 2009
www.fdic.gov...

Wonder if there are any Banks left in Ga?

[edit on 6/19/2009 by Hx3_1963]

Yep... 2 banks... cost to taxpayer: 1.105 billion... the FDIC fund is probably near depletion... Another FDIC bailout?

That's what I was thinking also...any one have any idea how much is left in their current "Piggy Bank"?

So much bull has been slung around lately, I can't even remember what the last bail-out got them... :shk:

Bill Seeks to Let FDIC Borrow up to $500 Billion
MARCH 6, 2009
online.wsj.com...

What ever became of this?

[edit on 6/19/2009 by Hx3_1963]

Oil took a big hit today Crude closed down 69.55 -$2.55 for the day
and the one bit of good news was Gasoline is down 192.440 -%5.18...let me say a $5 hit is a big loss but there was a news story...

Sen. Bernie Sanders, Independent of Vermont, introduced legislation last week that would order the Commodity Futures Trading Commission to use its emergency powers to stop market speculators from pushing up oil prices...

It would seem that one statement has turned oil speculation into a losing venture, at least that is the hope right..

Oh for those who follow gold prices... you made 17 cents today

Energy


-------------------------- PRICE CHANGE %CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 69.190 -1.870 -2.63 18:00
GAS OIL FUT (ICE) (USD/MT) 583.250 -1.750 -0.30 18:00
GASOLINE RBOB FUT (USd/gal.) 192.440 -10.510 -5.18 17:14
HEATING OIL FUTR (USd/gal.) 178.670 -5.030 -2.74 17:14
NATURAL GAS FUTR (USD/MMBtu) 4.032 -0.061 -1.49 17:14
WTI CRUDE FUTURE (USD/bbl.) 69.550 -1.820 -2.55 17:14

GOLD 100 OZ FUTR (USD/t oz.) 936.200 1.600 0.17 06/19

Yeah...got speculation in Gold now too...to crush it :shk:

#40

First National Bank of Anthony, Anthony, KS 4614 June 19, 2009 June 19, 2009
www.fdic.gov...

The FDIC and Bank of Kansas entered into a loss-share transaction on approximately $130.5 million of First National Bank of Anthony's assets.

[edit on 6/19/2009 by Hx3_1963]

reply to post by DaddyBare


Interesting all in all though. Crude and gasoline went down the dollar lost some and gold went up.

Things are getting really interesting.

reply to post by Haste Moretolife


You bet your booty things are about to get interesting ...
A major US city with a 22.8% unemployment rate...
Millions of ALT A loans going into default over the three years Obama plan or not...
behind the scenes profiteers have been quietly manipulating the markets and they still haven't set any controls or safe guards ....
Yeah things are definitely going to be interesting as these little tidbits of the real truth leak out...

[edit on 19-6-2009 by DaddyBare]

reply to post by DaddyBare


Good job Sanders..

No one should be allowed to buy oil in bulk except for manufacturing or refining. Buying and storing when your not in anyway associated with oil should be illegal. (Talking to you Goldman Sachs, buying millions of gallons and putting it in giant tanks then slowly selling it into the market for profits...)

3 banks today too? .. What's the total for the year?

reply to post by DaddyBare and Rockpuck


I'm still just learning the markets and everything, but from my limited knowledge the oil, gold, dollar moves doesn't make any sense. Like I said I have limited knowledge, but that seems to me that is an indicator that people are fleeing the dollar, it just as you said, the markets are manipulated and the little tid bits of truth are starting to show up in the market moves. Just my take on things which could be completely wrong.

Rockpuck:

40 banks have failed since the beginning of the year.

Here is the link if intersted, courtesy of Hx3

reply to post by Rockpuck


I get what you are saying there, but I dont think that should happen. I mean its actually laughable what they did (even though I thought it was JPM?) but IMO it is a free market and they should be allowed to do that if they want.. I know that prob. sounds bad but where do you draw the line I guess I am trying to say..

I guess they did help the economy by paying for a boat and surcharges associated, so you can hang your hat on that RP lol

[edit on 19-6-2009 by GreenBicMan]

reply to post by Hastobemoretolife


We had QWFriday today... market volatility should have been maxed out in all areas even though in the first hour of trading that made up about 70% of the volume on the day..

Dont look towards intraday moves and such for a gauge at market direction my friend, look to the charts

reply to post by Rockpuck


As I said, he stated his facts were from an economic group that has a very high (over 95%) accuracy in predicting these things.

So, again, thats cool if you don't want to believe it.. its really ok lol..

Also, he did predict (his knowledge, not the firms) Obama's tax plan months in advance, so I am pretty sure he knows what he is talking about.

If I come across the name and firm from my dads files I will post them, and then you and RBritcher can email him, call him, hell have a field day with him.. but I give 2 ***** about the economy anyways, you all know that, Im just telling you what I heard

reply to post by GreenBicMan


No, what is interesting is the fact that Crude is bought and sold in dollars, well oil producing countries are getting away from that now, which means the strength of the dollar should have went up. Instead oil lost and the dollar lost and Gold gained. Which could me a few possible things.

It's the way it moved is what is interesting about it. Although they weren't significant moves it is a big indicator of what is happening behind the scenes that they aren't telling us. Mainly countries producing crude are buying and selling it in other currencies.

reply to post by Hastobemoretolife


We prob. wont see unemployment turn around till middle of next year brother.. so no use about worrying about it

Jobs are the last thing to turn, look to building permits or new home starts to freshen your opinion

Manipulation does not happen "in the market". It happens "around" the market. And that is not "freedom" in the market.