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

You know, why people buy "all curing medicine" from peddlers?

Because they NEED it. Not because it really cures everything.

The best sold all curing medicine of all times was a jug of "earth blood" (oil, petr-oleum)!

Now we know it's TOXIC

reply to post by DangerDeath


Toxic it may be but oil will be one of those commodities which will be in short supply if
the would ecconomy goes kaboom. keep you vehicles topes up with fuel, and your pantries
with canned food. because if it hits the fan, the average person on the street will need to
become more self reliant. candels, kerosein. blanket ect. if eruop goes down and there is
a hard winter lots of people wont make it through.
the best thing people can do is share resources, but the "ME" society which we live in
will make things very hard if times get tough.

reply to post by wondera


Exactly, no matter what oil will always or for now dominates economies, it will bring nations to a stand still.

And here is why the Market is up for the Second Day...Coordinated Massive Intervention by: ECB, FED, SNB, Bank of England and Bank of Japan

The Global Liquidity Bailout Arrives: World Central Banks Announce Global Dollar Shortfall Funding Resolution

Remember that dollar liquidity crunch Zero Hedge has been covering for the past month? Here is the denouement, in the form of the first global liquidity bailout of the world for 2011, on the 3 year anniversary of the Lehman collapse.

ECB Announcement:

And here:

Here Is What Just Happened

Much Ado About Nothing

What just happened? The Central Banks have agreed to either create programs to lend in $'s or in the case of the ECB, expand their existing 7 day program. It is definitely globally co-ordinated, but for any central bank to offer a USD program, they need to work with the Fed, so assuming the ECB decided to work with the Fed, it seems like a no brainer to involve the other central banks. Bank of England is an obvious candidate - look at the share price declines of Barclay's and RBS. The Swiss Central Bank was likely to join already, but a day with UBS announcing a $2 billion loss, they had extra reason to go along. Japan always seems to be up for a good intervention. So it is globally co-ordinated, that is important, but it was also and easy and obvious co-ordination.

As is said in this Article,this may be a Step to avoid the Situation going out of Control when Greece defaults...The Question is now,will it work?

It will hold water just like it did in USSR

Hey, lets proclaim everything will be fine just because the Central Committee has decided so

The crisis is not due lack of resources or consumer's needs. It is a political screwup and congestion created by growing system and its need to tax (steal) to sustain itself. This is the thing only those involved in it need. Others are fuel, like in Matrix. It will get worse until it crumbles. Not before long.


Gold has dropped to 1783... -2.43%.

Aaaaand:

Global Central Bank Intervention Impact - Total Retrace

Just two hours after the coordinated global central bank intervention signaled the all-clear for risk assets to infinity and beyond and a total solution for European sovereigns and financials, we are sad to deliver the news that all of the impact in equity markets has now been removed. ES has completely retraced the spike as have French banks. The only thing that is still holding better is financials spreads in Europe which are -25bps at 263bps (a lot of which is index skew compression as single-names are less excited).

So let me get this straight...Insiders knew of this Intervention 2 Days before it is announced (at least i think they did),which gave the Market a Reason to Rally,and when it is (officially) announced,it saved the Banks...for just 2 Hours?

Big LOL

Papandreou to Cabinet: Blame The Media And 85% Is Good Enough

Greek PM Papandreou address his cabinet this morning explaining how hard he has been working, how Greece is simply the scapegoat, how the media is to blame for the ever-decreasing circles they are running in, and how achieving 85% of what was expected of them in August was good enough.

Yeah that's the ticket. It's totally the medias that cooked Greece numbers so they could enter the EU... it's totally the medias that did 10%+ deficits... it's totally the medias that allowed banks to get way too big...

The Global Liquidity Bailout Arrives: World Central Banks Announce Global Dollar Shortfall Funding Resolution
So let me get this straight... the ECB will provide UNLIMITED MONEY to the banks... now that's swell!

US Senator Reid says will do a China currency bill quickly
Reid... what about you do a US currency manipulation bill too?

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.8 percent before seasonal adjustment.

The energy index has risen 18.4 percent over the last year, while the food index has increased 4.6 percent.

All good right...

In the week ending September 10, the advance figure for seasonally adjusted initial claims was 428,000, an increase of 11,000 from the previous week's revised figure of 417,000. The 4-week moving average was 419,500, an increase of 4,000 from the previous week's revised average of 415,500.

Another revision upward...

# Empire Index: -8.82; Exp. -4.0, , decline from -7.72 previously; 4th consecutive decline; Manufacturing continues to look ugly

And UBS 2 billion ``rogue trader``... give me a break. I bet it was backed by high echelons... and that it's happening at all big banks.

If this is for real and they end up doing it, I'm gonna laugh...

Germany Is Going to Pressure U.S. Into Helping Bail Out Eurozone

In the days leading up to the collapse of Lehman Brothers, then French Finance Minister (now IMF Managing Director) Chistine Lagarde told then-Treasury Secretary Hank Paulson that he could not allow Lehman to fail. The ramifications would be catastrophic, she said. She was mostly right. Three years later, it will be Angela Merkel talking to President Obama,Treasury Secretary Geithner and Federal Reserve Bank Chairman Ben Bernanke with exactly the same message. The United States government and the Federal Reserve must come to the rescue of the Eurozone or the ramifications will be catastrophic. And she will say that she needs roughly $1 trillion in financial guarantees and liquidity support [emphasis added]. That's the number that will calm the markets.

$1 trillion, yay!

reply to post by Vitchilo


The USA would save (some) European governments gladly. If Spain asked us for help personally, I think the people of the US would be understanding.. if Ireland asked us for help, private donations alone would keep her government afloat, as our love for the island knows no bounds. I think we would even throw in to assist the UK if she required it.

We would never help save Germany.

We sure as hell would never save France.

And we have no feelings for Greece, it is of no concern to us what happens to her.

If the Germans think to pressure the US Government into saving them, selling that to the American people will be next to impossible. In fact, an effort to save the entire Eurozone, or specific countries we don't give a damn about (Greece, Italy, French, swiss or German banks) would be political suicide.

reply to post by Rockpuck

an effort to save the entire Eurozone, or specific countries we don't give a damn about (Greece, Italy, French, swiss or German banks) would be political suicide...

In like manner the Greek govt. sold out to the EMF, the ECB & the Eurozone govts. & it was indeed suicide for them, due to what they put up as collateral and the conditions imposed on them from without. I'd therefore very much like to know what conditions would be involved in any US-based bailout! Debt-enslavement → checkmate (to any and all agendas of the global 'elite').

reply to post by Rockpuck

We sure as hell would never save France.

Funny you say that since France helped the American revolution a lot...

www.civilwarhome.com...

The war had a direct bearing on the United States' foreign relations and the relations that were most important were those with the two dominant powers of Europe, England and France. Each country was a monarchy, and a monarchy does not ordinarily like to see a rebellion succeed in any land. (The example may prove contagious.) Yet the war had not progressed very far before it was clear that the ruling classes in each of these two countries sympathized strongly with the Confederacy-so strongly that with just a little prodding they might be moved to intervene and bring about Southern independence by force of arms. The South was, after all, an aristocracy, and the fact that it had a broad democratic base was easily overlooked at a distance of three thousand miles. Europe's aristocracies had never been happy about the prodigious success of the Yankee democracy. If the nation now broke into halves, proving that democracy did not contain the stuff of survival, the rulers of Europe would be well pleased.

However...

civilwartalk.com...

1863-1864 Russian Fleet Expedition to North America This American expedition became a military demonstration by Russia during the U.S. Civil War. England and France advocated for the southern rebels. Russia held a friendly position in respect to the federal government in the North. It increased hostility toward Russia on the part of England and France, which strove for loosening its international influence. The Russian government decided to send two ship squadrons to the US to demonstrate support for the northerners, as well as to create a potential threat to marine communications of England and France in order to make them refuse assistance to the South States.

These things are not easily forgotten.

Lets not be baffled by false and staged confrontation called "Cold War". It served its purpose and had kept Europe split in half for almost half a century.

This Merkel woman is a total loser in my humble opinion

This is just disgusting what's going on with gold. The comments made by the ECB should be incredibly bullish for gold, yet it's down $40 to $1780. What the heck?

Edit to add:

Gold-Backed Dollar Signals $10,000 Metal Price: Chart of the Day

Gold has the potential to jump more than fivefold as the precious metal’s price catches up with the surging amount of money in the U.S. economy, according to Dylan Grice, a global strategist at Societe Generale SA.
The CHART OF THE DAY shows the price at which each U.S. dollar in the monetary base, compiled by the Federal Reserve, would have been backed by an ounce of gold for the past half century. International Monetary Fund data on the country’s gold reserves were used in the calculation.

Grice, based in London, identified this price as the metal’s “fair value” yesterday in a report. Since June, it has exceeded $10,000 an ounce, as depicted in the chart’s top panel. Gold for immediate delivery closed at $1,819.63 an ounce on the spot market yesterday.

“There is a demand for an honest currency,” Grice wrote. “The last time honesty was perceived to be so scarce -- in the 1970s gold mania -- the dollar was over-backed by gold. If it happened then, why not again?”

www.bloomberg.com...

Pretty interesting, considering it's posted on Bloomberg.

Originally posted by Vitchilo
reply to post by Rockpuck

 

We sure as hell would never save France.

Funny you say that since France helped the American revolution a lot...

France helped us when it suited them, they just as quickly went to war with us.

And it has nothing to do with who and when we went to war with .. American simply don't like the French, they would never support a open, public bailout of France or anything French.

reply to post by mossme89


That sounds about right.. if we had a Gold backed currency, the vast majority of Americans would never touch Gold - It'd be to much .. we'd deal in silver and other lesser metals

On a side note, I think Gold's traditional movements as compared to currency valuations is somewhat skewed now that Gold is traded far more frequently than it once was. Also major players in the investment field are now the top movers of Gold, where as it's traditional role was not "day trading" the metal, but as a hedge against inflation.

In other words, like everything else big banks touch, it's being manipulated in nontraditional ways.

Well how much more is the US tax payer going to keep bailing out EUzone? doesn't anybody knows that through the IMF that is exactly what the US and the Fed is been doing for years.

What are they talking about 1 trillion dollars more, are we to ever know the real cost of the US market crash domino effect?.

Originally posted by marg6043
Well how much more is the US tax payer going to keep bailing out EUzone? doesn't anybody knows that through the IMF that is exactly what the US and the Fed is been doing for years.

What are they talking about 1 trillion dollars more, are we to ever know the real cost of the US market crash domino effect?.

If you want ta control them you gotta bail them

Oh, hell I forgot, US have currency swaps with the Eu banks, but I thought that the money now in euros were a positive, so If US fed books hold a balance of 2.3 trillions then why the EU wants 1 trillion more

I don't get it.

Originally posted by Rockpuck
We would never help save Germany.

We sure as hell would never save France.

Germany & France were among the largest foreign recipients of Fed bailout funds 2007/2010.

Germany > Duechebank, Dresdner Bank, Bayerische Landesbank, and Hypo Real Estate Holding AG.

France > Société Générale, BNP Paribas, Crédit Agricole.

It won't surprise if these institutions return, hat in hand to, the US Fed. Austrian economists warned about moral hazard when Bernanke chose to become the global lender of last resort. A climate of systemic moral hazard evolves when financial institutions, insulated from risk, are induced to further engage in reckless speculation and risky lending practices.

Under the new FrankenDodd regulations Bernanke has 2 years to disclose the details of Fed lending facilities. By the time we/congress learn that the Fed has monetized new loans to insolvent EU banks, Obama would already be into his last term...if re-elected.

Cheers!

reply to post by OBE1


So then again I guess the money give away by the fed (swaps) was good for the EU maybe that is why the EU is asking for one trillion more?

So perhaps the 2.3 trillions could be higher than that but that is what shows in the fed books.

I am correct?