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

reply to post by marg6043


All of this is going to blow up in their faces. I still remember the article that was posted that was reporting the bankers carrying fire-arms.

Just loot the taxpayer even more, honestly though I'm glad they are doing it because they think they can crash the economy and have people run to the government to "help" them. Not going to happen people are sitting here watching them systematically destroying the economy and country and they will definitely be running to the government, but it is what they will be demanding will be different.

Reminds me of the saying "Be careful what you wish for".

reply to post by Hastobemoretolife


If may once the unconstitutional health care bill is passed and finish bankrupting the nation, people will raise to also finish the corrupted and irresposible governemnt we have right now.

reply to post by marg6043


It's coming I wish it wasn't, but it isn't any secret that nothing we are doing right now is working and nothing we have done in the past is working.

It's time for real change and I think people are starting to come to the realization that there is only one way that is going to happen. Luckily people are acting level headed and haven't flown off the deep end, yet.

Sort of back on topic though the markets took a beating today, it's kind of weird as Danger pointed out the market went down and the dollar value went up. So a market crash would be a good thing because all that cash sitting in the banks coffers would be liquidated saving us from massive inflation, at least form my theory which is probably wrong.

[edit on 17-12-2009 by Hastobemoretolife]

Suppose, no one is selling gold, but someone is buying dollars. That's why price of gold drops, because dollar's price is going up. Now, use trillion(s) of dollars to buy gold. What kind of destruction would that mean?

The one who has reserves wins the war. Who could buy American debt from the Chinese (just imagine)? Not the Chinese. Perhaps, the first one that comes to mind is America or United bankers of the world, and then they can do havoc. This crisis could as well be engineered for some such end.

CT, yes, but a possibility.

What is going on with CITI? nobody wants their stocks? they were all over the internet promoting the good news that they were to pay back the TARP money, then yesterday they put them for sale and face a slap when their stock were not much in demand.

Weird,

reply to post by marg6043


If my slave wanted to pay himself off, I'd slap him too and put him where he belongs. The game is not about importance of money, but who allows money to be important. I think they are creating the fog of war with this. The principle that, unlike in socialism, western countries are run by the business plutocracy may be not true any more. So, the state has forced banks into debt, then the real power is in the hands of the politicians now. Why else would Bernanke be the man of the year?

What was really destroyed in the WTC and buliding 7? Healthcare bill will ensure extra reserve for the government in the situation when investors don't know where to invest. Government is raising capital while business is forced to play lottery games on the stock market. I think this is gone too far to be lightly overseen.

Originally posted by Cabaret Voltaire
reply to post by GreenBicMan

 

Yes. I split my money 3 ways and bought FAZ, BGZ and TYP. I still hold them all. I'm going to double my money, or better, when this market falls.

I am trying to double my money every year. I tripled from early March to the last day of September, sold, and bought FAZ, BGZ and TYP.

That had to feel good today.

A very disturbing article that I highly recommend

The recession is over but the depression has just begun

reply to post by redhatty


A very well-reasoned article. Highly recommended!


Credit to the following respondent too:

(December 18th, 2009 at 4:13 pm)

You need to take a course in magical thinking to dispel this gloomy view you have of the economy. Both major political parties now offer weekend seminars where you can learn modern voodoo economics.

There’s no problem that can’t be solved with a combination of tax cuts and spending increases.

Forget those examples like Japan. We’re special Americans, where the rules don’t apply.

'You sure that's not where Hx has disappeared to?..

Originally posted by DangerDeath
Suppose, no one is selling gold, but someone is buying dollars.That's why price of gold drops, because dollar's price is going up.

The price of Gold would remain stable in dollar terms , while the dollar would strengthen against the DXY basket of currencies. The price of Gold only drops when there are more sellers of Gold than buyers of Gold. The currency market and the commodities market are two distinct entities. Sometimes we even see the dollar and Gold move up in lock-step...a positive correlation. We witnessed a sustained period of positive dollar:Gold correlation throughout 1982...several months in 2005...Jan/Feb this year...and again last Friday. Traditionally Gold sells-off when the dollar strengthens...vice-versa...but this inverse relationship isn't 100%. Safe haven money can flow into both simultaneously.

Safe Haven Treasuries Getting Tricky

Can our American bonds be trusted anymore? with the growing deficit?

The Barclay’s 20-plus-year Treasury index posted a 20 percent drop in 2009, and payouts on long-term Treasuries will almost certainly result in losses for investors.

Unfortunately, we may only be at the tip of the iceberg right now. Growing budget deficits, expanding federal bailouts, and general economic malaise could drag Treasury prices even lower, sapping more investor confidence and perhaps keeping future investors away.

The hardest hit will likely be individual investors who bought into the bond market hoping for a safe haven for their collective nest egg. According to Fortune, the U.S. household sector bought $178 billion in Treasuries during the height of the crisis. Those who didn’t sell in late 2008 when Treasuries were at their peak might be left with less investment than they originally put in.

It seems that other nations are starting to see the once solid Treasury Guarantee becoming nothing but a corrupted entity lacking fiscal responsibility.

www.economyincrisis.org...

Nasdaq/qqq showing breakouts now.

SP500 and DOW lagging again.

Could be a good time to start to play that breakout again

It looks like they've really screwed up by playing with the agricultural numbers. Gaming all the other numbers is childs play compared to FOOD!

It is absolutely key to understand that the production of agricultural goods is a fixed, once a year cycle (or twice a year in the case of double crops). The wheat, corn, soybeans and other food staples are harvested in the fall/spring and then that is it for production. It doesn’t matter how high prices go or how desperate people get, no new supply can be brought online until the next harvest at the earliest. The supply must last until the next harvest, which is why it is critical that food is correctly priced to avoid overconsumption, otherwise food shortages occur.

The USDA—by manufacturing the data needed to keep supply and demand in balance—has ensured that agricultural commodities are incorrectly priced, which has lead to overconsumption and has guaranteed disaster next year when supplies run out.

silverbearcafe.com...

Take a look at the map of counties declared disaster areas do to 30% plus crop losses and then try to make that jive with the 'bumper crop' that they say is coming out of these very same counties. Food inflation would have been far preferable to RUNNING OUT! These people have lost their minds.

[edit on 23-12-2009 by HimWhoHathAnEar]

reply to post by marg6043


Speaking of Treasuries, you may want to be sure to be sitting down (and have a strong drink nearby) to read this one

Is it all just a Ponzi scheme?

reply to post by redhatty


My adobe is telling that the file is damage, many be you can get another link.



BTW merry Christmas!!!!!!!!!!!!!!

reply to post by marg6043


You *may* need to update your Adobe ??? still comes up fine for me, but Here's another link just in case

Came across this gem. This kinda goes against his stated beliefs that tax payer money somehow isn't just monopoly money for his buddies.

More fraud coming down the pike, the looting certainly hasn't halted.

Treasury uncaps credit line for Fannie, Freddie

WASHINGTON (Reuters) - The Obama administration pledged on Thursday to back beleaguered mortgage finance giants Fannie Mae and Freddie Mac no matter how big their losses may be in the next three years.

www.abovetopsecret.com...

[edit on 24-12-2009 by projectvxn]

reply to post by redhatty


Thanks, this link worked, perhaps you are right I may have to update adobe, probably I was too busy when the pop up came up and just dismissed.

reply to post by projectvxn


Seems to be right in line with how governments have destroyed their currencies in the past. History repeats.

Contrary to common belief, hyperinflation does not arise from too much bank lending. The sole cause of hyperinflation is always too much government spending. The pattern is as follows.

The government spends more money than it is receiving in taxes, which forces it to borrow. As these deficits grow, they eventually exceed the market’s capacity or willingness to lend money to the government. Invariably, the central bank steps in and provides the government with the money it needs by creating it – as the saying goes – ‘out of thin air’, or what governments today call “quantitative easing”. The central bank does this in either of two ways.

www.fgmr.com...

Oh, and to address another excuse for deflation.... Same article

Much has been made of the huge bank excess reserves “sitting idle” at the Fed. It has been said that hyperinflation is not possible when the banks are sitting on such huge reserves, instead of lending them into the economy. This thinking is flawed because it ignores that there are two sides to the Federal Reserve’s balance sheet.

Those reserves are not just sitting there, as if they were in a vacuum. These reserves have funded the Fed’s purchase of US government debt, putting it and the US dollar on the road to hyperinflation.

[edit on 25-12-2009 by HimWhoHathAnEar]

Treasury Yield Curve Steepens to Record on Debt Demand Concern(Bloomberg)

Incredible how predictable the consequences seem to be.