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

Originally posted by marg6043
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.

She wants total EU control of all economies in Europe. She wants the end of sovereignty. She wants an European treasury that can tax and borrow.

She's a globalist piece of poo is what she is.


Tomorrow will be nice... it's ``march on Wall Street`` day...

reply to post by Vitchilo


Well what can I say, "a wet dream come true" I guess she have her panties all bunch up in anticipation greedy bi*****ch isn't she.

I hope that the rest of the Eurozone do another French revolution and starts taking heads off.

reply to post by marg6043

I hope that the rest of the Eurozone do another French revolution and starts taking heads off.

the current french leaders arent helping the french people

reply to post by Agent_USA_Supporter


Just like most developing countries in the world they are all to help their elites on the top keep and maintain their wealth at the expenses of the population.

www.bbc.co.uk...

What's Geithner cooking?

Geithner warns EU against infighting over Greece

Speaking at a closed meeting of eurozone finance ministers in Poland, he is reported to have told them that the divisions were "very damaging".

The eurozone ministers delayed a decision on Greece's next bailout loan.

Yet they did announce tougher economic governance rules.

Set to come into force for all nations in the European Union (EU) from October, they will make it easier for states to be punished for overspending.

"punished"

Including the "too big to be punished"?

Mr Geithner reportedly said: "What's very damaging is not just seeing the divisiveness in the debate over strategy in Europe but the ongoing conflict between countries and the [European] central bank."

He said that "governments and central banks need to take out the catastrophic risk to markets".

Eurozone leaders will now decide in October whether to release the next 8bn euros ($11bn; £7bn) in bailout loans to Greece.

So, Greece is not bankrupt for now. A political decision

Despite the apparent disputes over how to tackle the Greek problem, Tobias Blattner, European economist at Daiwa Capital Markets, told the BBC that the talks in Poland were much more wide ranging.

"Sadly enough Greece is actually just a tragic sideshow these days, it is really about how to stop contagion [spreading] to Spain and Italy.

"This is clearly one of the most pressing topics that were discussed today," he said.

True.

Eurozone leaders will now decide in October whether to release the next 8bn euros ($11bn; £7bn) in bailout loans to Greece.

11 billion... that's gonna last how much time... a month? A week?

RIdiculous. Give it to them already, I mean it's not like $11 billion is gonna make a difference anyway.


And Moody saying they might downgrade Italy next month... if they do, and Italy falls... the EU is pretty much over. Italy is MUCH bigger than Greece.

You have GOT to be kidding me...

Look at what BoA did...

BofA Sells Part of Mortgage Portfolio to Fannie Mae

Bank of America Corp. has agreed to sell part of its home-loan portfolio to government-controlled housing giant Fannie Mae, as the bank looks to shed assets and pare its exposure to an array of mortgage woes.

The deal, finalized last Friday, will deliver the rights to process and collect payments on a pool of 400,000 loans with an unpaid principal balance of $73 billion, people familiar with the deal said. The purchase price is more than $500 million, one ...

Those bastards just transferred a part of their worthless toxic debt to Fannie (taxpayers) and kept the good stuff...the other bad stuff will probably be sold to Fannie later this year...

BoA are a bunch of criminals, so are the US government for buying all that toxic debt and putting it on the taxpayers tab...

Is September 20 Greek Default Day?

Important Lines

If Greece is going to default, September 20th seems to be as good a day as any. Actually, it is far better than most to be GD-Day.

Two big bonds, the 4.5% of 2037 and the 4.6% of 2040 both have coupon payments due that day, totalling 769 Million Euro. So if the IMF wanted to avoid letting another billion euro go down the drain, September 20th would be a good day to do it.

[...]

The Fed Scheduled their meeting for 2 days. It now starts on September 20th. Maybe a co-incidence, but what better way to be prepared for new emergency policies?

[...]

We just finished the big finance minister meeting. They can all return home, brief their staff and be prepared for Tuesday. Prior to D-Day there were lots of last minute preparations to make sure everyone was on the same page and as prepared as possible. Why not before GD-Day?

Papandreou cancelled a trip to the U.S. And Venizelos mentioned that Papandreou had to be in Athens for "Initiatives". If you ever wanted some hand holding from your leader, it would be at a time of default. He would have to be in country to calm things and mention all the deals he put in place last week on the conference call.

[...]

There is still a chance we see some bold new initiative or plan, but as I wrote last week, every step and virtually every comment made, for the past 8 days, is consistent with preparing for a default.

I recommend reading the Full Article


And another,for Germans and Europeans alike, important Information. The Blog i read,which claims to have Insider Information,apparently knows from Deutsche Bank Employes,that the DM (German Mark) is back in the Computer System since Wednesday,with a different exchange rate than 2001. It was,and still is ready to be implemented. The Currency Reform was to go Live this Weekend,but due to the Central Banks intervention,it is probably delayed.

It can still happen tomorrow,but the Chance is slim to none. But if Greece does indeed Default and Banks go down,German is apparently prepared for it,despite what Merkel claims...

If there are Germans here who live near Deutsche Bank Branches,watch it for any big(ger) Police Presence or other unusual things.

This is Speculation,since i don´t know myself if all this Information is true or not,but it seems plausible. Nor will i name or Link the Blog for obvious Reasons.

reply to post by Shenon


There have was a news artical as early as 26 july 2011 that the mark was going back into print
as a contingency.
www.ndtv.com...
if it's true then it's a back up currency, the germans will still trade in euro's but the preferace will be for
the mark. wonder weather the french and italians have their back up currencies locked up somewhere
ready to go. i'll try dig for a little bit.

I hope Greece goes under already.

Anyway a few other interesting numbers...

France exposure to Europe's debt : 410 BILLION... yes, BILLION...

Germany exposure to Europe's debt : 165 BILLION...

US banks exposure to France's banks : 246 BILLION...

Now just think about how they are going crazy about banks being a few billion in the hole because of Greece debt?

What happens when France's banks loss is 200+ billion? People are gonna jump from high windows...

More bailouts are coming, and they gonna big big big big ones.

And isn't that sick that MSM ignored the protests against Wall Street today?

reply to post by Vitchilo


Yes is sad that the 11 billions that the IMF wants to give Greece is just to be able to meet their obligations on interest on loan payments, yes is sad that our corporate run media just like our government keep hiding our citizens discontent to the rest of the nation.

I can imagine when we get real protest all over the Washington and riots the media will keep showing to the rest of the nation that are in far away states just happy, happy news, movies and programs.

Nothing to see just seat back drink koolaid and wear your pink color glasses.

and yes we may see some banner at the bottom of the screen saying that they caught some "home grown trouble makers" causing damage for the peaceful residents at the capitol state.

here's a heads up poster...(its a blog --- so its not newsworthy---

but the article/ blog sure captures & reflects my worldview concerning the 'masters-of-the-universe' here in the USA Fed/Treas/Central bank cartel of self interested traitors to the longevity of this nation


source:theeconomiccollapseblog.com... mmercial-banks-once-again


a few pages back i, postulated that the Fed would covertly fund the EU banking empires Liquidity issues...
sheeze its' getting redundant & getting reduced into a repreating mantra with the finance sectors fraud and criminality as a business model..
.but at least the viewpoint is being circulated/published for them that don't agree....not to try and change their minds but to have a precident from which they cannot claim ignorance of... let the heads roll

reply to post by St Udio


Isn't that what we has been telling about all this time in ATS, the corruption against the tax payer in the nation by the elite in power?, but hey whenever you post something like that is either ignored or you are accused of anti capitalism.



I swear we have some agents in this site to go after anybody that post against the Fed and the government with trolling remarks and misleading information.

I see so many threads turning into a blame game of political parties bickering and is not funny because you can pretty much find the same posts, by the same people.

The system is about indebting and it is about being like this. The only problem is that it has its duration time and now it's expired. It did fine for a while, but now there are only regrets
And people will insist that it can and should be repaired ant there will be all hell set loose because of the indigenous stupidity of people.
Very simple.

Something that SHOULD be done but WON'T be done...

European Sovereign Debt - Can't We All Just 'Net' Along?

It is seemingly clearer and clearer that with the current structure and membership, the Euro does not work. The market seems to be driving the change in the direction of membership changes (via restructurings and temporary devaluations - e.g. GRE CDS and WI Drachma) while the euro-zone-'management' seem prone to structural changes (i.e. EFSF umbrella, Euro-bonds, and fiscal union). While the cost of either approach is likely extremely high, some research from early Summer by ESCP Europe suggests a non-trivial approach that reduces aggregate debt for the European sovereign complex by almost 64% is possible. The solution:- bi- & tri-lateral netting, and free-trading.

The main results were as follows:

The EU countries in the study can reduce their total debt by 64% through cross cancellation of interlinked debt;

Six countries – Ireland, Italy, Spain, Britain, France and Germany – can write off more than 50% of their outstanding debt;

Three countries - Ireland, Italy, and Germany – can reduce their obligations such that they owe more than €1bn to only 2 other countries.

Additionally:

Around 50% of Portugal’s debt is owed to Spain;

Ireland and Italy can write off all of their debt to other PIIGS countries, and Ireland can reduce its debt from almost 130% of GDP to under 20% of GDP;

Greece can reduce their debt by 20%, with 60% owed to France and 30% to Germany;

Britain has the highest absolute amount of debt before and after the write off (owed mostly to Spain and Germany) but can reduce their debt to GDP ratio by 34 percentage points;

France can virtually eliminate its debt (by 99.76%) – reducing it to just 0.06% of GDP;

If politicians weren't such whores and so hell bent on getting more power, this would be done. But it wouldn't solve everything... But solving stuff ain't the goal. The goal is enslaving people.

Then derivatives would have to be made ILLEGAL. ALL OF THEM.

Then some sort of Glass–Steagall Act would need to be imposed on banks. And then the crazy deficits would need to be cut... and tariffs be put against China around the world. Not to mention, stopping the central banks to force artificially low interest rates down the throats of people... And force the banks to have sufficient reserves of cash... and of course ban HFT.

THEN we would have fixed the problem... well most of them anyway.

reply to post by Vitchilo


So, suicide is the cure.
The horsefly will suck blood of a dead horse rather than fly away.

Actually, it IS a Soap Opera. Very sticky, and no one will get up and turn it off.

Greece going under, all bad
the trouble is it would cause another credit crunch on top of a debt crisis.
countries not willing to lend to each other. the break up of the eruo zone
would lead to a world wide depression, worse than 1927. western nations
were still heavily involved in industry, somewhere for the ecconomy to grow.
trouble is that the exproting of industry to cheaper countries for manufacturing
we now have a negative feed back from those countries, jobs wont be made when
cheaper manufacturing can occur oversease. "Free trade", the worlds biggest
con job. unless there are tarifs the US and Eropean ecconomies are screwed.
but the big gun stopping tarifs being introduced is china and it's billions in US debt.

Capitalism and profit making are directly against the Law of Preservation of Energy.
When you make profit someone has made a loss.
They are trying to resolve this problem of accumulated debt by increasing profit
Increasing profit will increase debt.
They instill more taxes, draw what they can from the base, base gets hollow, everything crumbles.
There's no way it can be avoided.
Take a seat somewhere safe and watch the show.
Don't get involved.

Food and power rationing,
riots, theft and chaos
no petrol, no gas for hotwater.
having to hitch rides, on trains or trucks to
look for jobs. and the money in your
pocket not worth the paper it's printed on.
all not good, not getting involved is not an option

Folks in the markets dont be fooled by the stocks rise, they are just preventing it just so you know if you have been paying attention to the stocks this week.