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

Slightly off-topic, but after today's news about the Fed and other major banks essentially initiating Earth QE1, I'm considering calling up the public Fed number and asking for $1 million in a loan to pay back "eventually".

Think I should do it?

Well well well.

Moody's Puts UBS On Downgrade Review Due To "Weakness In Risk Controls"

UBS is in pretty big trouble.

And IMO the biggest story of the day, if not the week and the month...
China to 'liquidate' US Treasuries, not dollars

"We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way."

"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries," he said.

Originally posted by Vitchilo
Well well well.

Moody's Puts UBS On Downgrade Review Due To "Weakness In Risk Controls"

UBS is in pretty big trouble.

And IMO the biggest story of the day, if not the week and the month...
China to 'liquidate' US Treasuries, not dollars

"We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way."

"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries," he said.

edit on 15-9-2011 by Vitchilo because: (no reason given)

Of course, they will bailout Greece with American bonds, which will translate into about 1 trillion dollars of which the Central Bankers Committee of the 4th Internationale was telling us today

What I would like to know: Is this the kinda deal Western Capitalism cut with Deng Xiaoping a few decades ago?

China will in return get some Apples, Bingos and Peanut butter recipes.

China is achieving in the last 10 years what it took US to do in 50 and is not over yet, they will own our American government in not time.

Originally posted by marg6043
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?

Hi Marg. Swap activity won't appear on the Fed's 2.3TT balance sheet. The swap facility was extended last month and is still open/ongoing. You can track the weekly activity here on the Fed website.

The coordinated liquidity pump that was announced today appears to come in the form of loans to insolvent commercial banks to be provided by the ECB, BOE, BOJ, and SNB....against "eligible collateral." At this point I assume the Fed's involvement will be limited to providing liquidity to the central banks to cover any USD shortfalls via the aforementioned swap facility.

Currency Swaps

Cheers!

reply to post by OBE1


Thanks OBE1, but all this liquidity, can not be good, right? and I am confuse where this money is coming from? is this private money or tax payer.

Still is this the big bailout that is been talk about? Is this means that we are going to hit inflation?

Originally posted by marg6043
reply to post by OBE1

 

Thanks OBE1, but all this liquidity, can not be good, right? and I am confuse where this money is coming from? is this private money or tax payer.

Hey Marg. Swaps are short duration currency exchanges at a set rate of interest...'printed' money that won't appear as an increase on the Fed balance sheet, or add to inflationary concerns if the transactions are sterilized through open market operations, i.e., the sale of Fed held securities.

Cheers Marg!

Thought that just occurred to me, the easiest way to bailout a small economy like Greece would be the ECB or another large entity buying their bonds. We know the ECB is, and we know China said no .. but how much Greek debt does the US Government own? I cannot locate a listing of foreign treasuries held by the US Treasury. I have found at least one source that says the US Government owns 3% of the total outstanding debt..

7economy.com...

This link also displays that Greece mostly monetized their own debt through their unions and pension funds.. the chart that shows sovereign exposure to debt displays that Ireland is by far the most dangerous in terms of size of exposure.

What the heck? All the news that has come out in the past week should be incredibly bullish for PMs, yet Gold & Silver are dropping like a rock. What's going on here?

They are bashing them for the last time...

Merkel rejects eurobonds as solution

GERMAN CHANCELLOR Angela Merkel has dismissed eurobonds as the “absolutely wrong” cure for the euro zone’s ills, amid growing political pressure from her junior coalition partner to toughen her stance towards Greece.

This is good... thank god the opposition in Germany did their job. I hope this holds.

Something will happen at some point soon... it just cannot continue that way forever.

In other news, USPS is thinking about firing 35 000 people soon.

Originally posted by mossme89
What the heck? All the news that has come out in the past week should be incredibly bullish for PMs, yet Gold & Silver are dropping like a rock. What's going on here?

Here's a screenshot of EUR/USD that should help explain this weeks rally.



Notice how the two weeks prior to this week, prices crashed through the yellow ribbon(180&270 moving averages) naturally prices will retrace back to the moving average it broke through and then to the next significant moving averages(orange lines and then red ribbon) and now it's sitting just barely into the red ribbon so the markets are going to need to make a big decision in the next couple days/week.

Originally posted by mossme89
What the heck? All the news that has come out in the past week should be incredibly bullish for PMs, yet Gold & Silver are dropping like a rock. What's going on here?

Dropping like a rock what are you talking about? They haven't fluctuated more then a few dollars. They have been playing around at this level for a while. They will break out eventually and continue the uptrend back track a little play around some more rinse and repeat the over all trend is up and has been for a long time.

Off topic a bit any good sites to see the stocks ?

Originally posted by Agent_USA_Supporter
Off topic a bit any good sites to see the stocks ?

Marketwatch?

I had another one that showed every stock market in the world but I don't remember what it is.

German Chancellor Merkel says must think about mid-term possibility of Europe intervening in states that do not fulfil duties

Europe intervening in states? What does that mean? Take over if you don't act like a slave to the EU? ? Freaking Merkel scum...

German Chancellor Merkel says it is excellent that Spain has implemented a national debt brake

Indeed.

German Chancellor Merkel says there will not be Euro bonds

Originally posted by Agent_USA_Supporter
Off topic a bit any good sites to see the stocks ?

google finance is good
www.google.com...

also yahoo finance
uk.finance.yahoo.com...

and heres one to see the futures live
www.sgxniftydowfutureslive.com...

Originally posted by Agent_USA_Supporter
Off topic a bit any good sites to see the stocks ?

Or netdania.com. You can even add things if you miss something.

"Duty" is an invention of slavery.
"We were only doing what we were told to do"!
"I only did this because it was my duty".
See, dutiful people are not responsible even if what they do is a total failure or criminal.
For those who refuse to do what they were ordered to do, there is no Big Nuremberg Trial, there is just a quick Martial Law and immediate execution...

I'm sure Merkel knows what she is talking about.
The only thing with Greece now is whether they "obeyed" and "did their duty", but failed, or they simply disobeyed, in which case they will be destroyed in the same manner Czechoslovakia was destroyed 1938, as well as Serbia 1999.

When I say "Independent Countries Movement", what is the initiate FEELING about them?
Failed slaves...

Gadaffi's Libya is one of the last Independent Movement prominent countries.
The only one that is left now is Cuba.

And the world is watching the farce called "rebels" and "rebellion" without blinking. I guess, that has nothing to do with Star Wars indoctrination...

Hm...first we have this:

Risk Drifts Lower On News Germany To Delay EFSF Implementation Until 2012, Abysmal Debt Rollover Participation

[...]
Specifically, "facing a storm of protest from within its own ranks, Germany's ruling coalition government has delayed discussing the ESM in cabinet meaning that legislation on the Eurozones permanent rescue fund, will not likely be in place by end of this year as hoped." As a reminder, Stark quit due to disagreement over the SMP's usage. This most recent update means the SMP program, not only will not end as was expected originally in September, but will be forced to monetize Italian debt for at least three more months, and likely much longer, until the EFSF is activated, some time in Q1 2012.
[...]

Which is both Bad (For the EuroZone) and Good (For the German Population),at least for now...

Update: more bad news as Reuters reports that participation in the Greek private sector debt initiative at just under 75% according to financial sources. This is a miserable miss to the required 90% and means that the debt rollover initiative is basically dead in its tracks, as 25% of the bondholders will become holdouts and seek to derail the entire Bailout #2 process in return for massive "nuisance value" payments. Problem is nobody will pay said demanded payment.

Which is bad overall


And we have this...

Someone Does NOT Want To Be Long Over The Weekend

In the last few minutes of the European week, major financials have been crushed. It appears that someone (or perhaps a lot of 'someones') really do not want to be long into the weekend. Credit Agricole is -11% on the day, having fallen 12.3% in the last hour!!

Greece Default this Weekend? Wouldn´t be suprised...Or maybe a Bank Default? (unlikely,with the Intervention by the Central Banks...) Or maybe both? Who knows,but one thing is for sure,something major will happen this Weekend...

I suggest everyone to watch the Closing Hour on the US Market very closely,something is definitly going on here...

Yay Austria!

SHTF In Austria Soon

It Takes Only a 4% Adverse Move and Austria's Banks Are Out of Business

Austria's banks sat on a derivative hoard valued at €1,786 Trillion at the end of June 2011. The volume of off balance derivative items is €99 billion more than at the end of 2010 but €800 billion less than a year earlier.

Austria will soon meet the limelight of international attention again. On Thursday the ruling coalition tried to set a date for the necessary vote on change of Austria's constitution that would allow the Eurozone to proceed on the ill-fated way of Eurobond issuance. Due to the opposition from the Green Party and the two xenophobic parties FPÖ and BZÖ the vote did not reach the obligator 2/3 majority in the upper house.

The Green party had already issued a warning to the bank-controlled coalition in June, threatening to boycott a pro-Eurobond vote as long as Austria does not ensure that money lent to the PIIGS will be repaid absent the factor of pure hope.

The Greens got unexpected support from conservative hardliner and finance minister Maria Fekter. on Friday In an interview with Austrian press agency APA she said Austria will reject a top-up of the €780 billion European Financial Stability Fund (EFSF). She also addressed US Treasury Secretary Tim Geithner and advised him to put his own house in order before handing out fiscal advice to the Eurozone.

+1

Someone Does NOT Want To Be Long Over The Weekend

As for that.. they need to kill the markets as much as possible before Ben's QE3 meeting. So I expect very bad news before then.

reply to post by Vitchilo


So if she doesn't want Eurobonds then what she wants, USDs

just been sarcastic here, perhaps she wants China to step in.