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

reply to post by Agent_USA_Supporter


Actually lets look very closely to the EU, how bad they are doing? remember back in 2009, “There Is No Deflation Threat In Europe” – Jean Claude Trichet – Oh Really!

fistfulofeuros.net...

European Central Bank president Jean-Claude Trichet told the world what everyone already knows: The European economy stinks and it’s stinking worse by the day.Today — Thursday, September 8, 2011 — is turning out to be a crucial one in the global debt crisis.

jhaines6.wordpress.com...

Now how bad truly things are.

edit on 18-9-2011 by marg6043 because: (no reason given)

Originally posted by wondera
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

Really!

What I meant was - get metaphysical

cool i'll just read 'The Idiots guid to metaphysics'
chill out, with a stoggie.
I wish i could metaphysically mow the lawn

Originally posted by wondera
cool i'll just read 'The Idiots guid to metaphysics'
chill out, with a stoggie.
I wish i could metaphysically mow the lawn

edit on 18-9-2011 by wondera because: (no reason given)

Obviously, you don't understand the difference.
Metaphysical means: don't mow the lawn.

reply to post by DangerDeath


I told TPTB that i'd mow the lawn and she won't be happy if i don't.
P.S. Aussie stocks are down again, but that seems to be the trend
of a monday morning.

This week in the markets.

Stocks: All eyes on Bernanke

All eyes will focus on Federal Reserve Chairman Ben Bernanke and his team of nine as they spend two days mulling over what monetary policy levers to pull to give the stalled U.S. economy a boost.

I guess the implementation of the Q3 is in high gear, or the US is getting ready to face the imminent Greek downfall.

The Federal Open Market Committee expanded its meeting to two days from one, which investors have taken as a sign that the policymaking committee will take action.

"Mr. Bernanke is first, front and center right now," said Nicholas Colas, chief market strategist at ConvergEx Group. "Investors think the prospect for a modified QE3 is already baked into the markets.

So the fed is ready to try and pump money into the economy again.

And will also pump dollars into the EU after all.

How nice,

money.cnn.com...

Very very very interesting article on ZH...

Interactive Infographic Of The Doomed European Financial System

Must read...

Total exposure to European debt :
France : 1.318 trillion (51% of GDP)
Germany : 1.02 trillion (31% of GDP)
UK : 1 trillion (44% of GDP)
Netherlands : 561 billion (67% of GDP)
Italy : 490 billion (48% of GDP)
US : 487 billion (3% of GDP)

A few numbers (banks assets of big banks VS GDP in the country they are in)
Belgium : 180% of GDP.
Germany : 84% of GDP.
France : 237% of GDP.
Italy : 101% of GDP.
China : 83% of GDP.
Japan : 103% of GDP.
Netherlands : 155% of GDP.
Spain : 92% of GDP.
Switzerland : 594% of GDP.
UK : 337% of GDP.
US : 56% of GDP.

Now any of those banks goes under... FORGET IT... you can't bail them out. Just impossible. In the UK-Switzerland especially... even if banks just lose 10-20% of their assets in value, they are basically screwed and the gov. can't bail them out... but then, you ask uncle Germany and uncle USA for a bailout... and maybe you'll get it! Or better yet, ask the IMF, they'll give you money... but they will take over your country in exchange... it's worth it right?

But eh, EVERYTHING WILL BE FINE... Just have positive thoughts and all will be solved!

The Buffett Rule is coming to all of you millionairs making over 1 million a year.

The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday.

Called the Buffett Rule, the proposal will be part of a comprehensive deficit reduction plan President Barack Obama will unveil on Monday, according to a senior administration official and White House sources who spoke on condition of not being identified. The information was first reported by The New York Times.

Will the Republicans go along with this one or they will block it as usual.

money.cnn.com...

reply to post by marg6043


No way in hell the repukes pass this. I mean, come on, they not gonna pass tax increases on themselves! Nor will the democraps!

reply to post by Vitchilo


Exactly!!!!!!!!!! and to think that billionaire Buffet himself was the one that came out with the idea he is so generous, is going to make Obama look like a good guy, darn the Republicrats they will be looking like the bad boy to the American public when they opposed to this one, the Democraps do not have to do anything, just let the Republicans take all the blame.

What a rat. Oh, but the people will say Obama try and try and try so hard

reply to post by marg6043


They can pump money for blood, but they are out of oxygen. Blood is thin.
There is an enormous disproportion between the projected system and the realistic system.
By pumping more money, they are accelerating the inevitable - austerity measures in leading countries. Which will only sow loss of confidence.
The simulation game of increasing security is strangling everyone. That is not helping tptb. That should fall before anything else.

Is this an omen?

www.cnn.com...

TSA fires 28 over improper luggage screening at Honolulu airport

reply to post by DangerDeath


US postal is closing places left and right, they are not wasting time, increase their bailout doesn't come soon enough, in my neck of the woods they are already closing offices.

Still how you seen the statistics on the mall bankruptcies, is off the chart, I was just browsing some stories on the subject and is incredible, and no news on that either.

Obama to lay out debt reduction plan

President Obama's debt reduction plan is set to land Monday in the laps of the 12 members of the Congress' bipartisan debt committee.

In recent weeks the president has said his plan would offer specific proposals that can achieve savings "more ambitious" than the committee's $1.5 trillion target. He said it would be "balanced," involving both spending cuts and tax increases. And he promised it would "stabilize debt in the long run."

He is trying to get the reductions within 8 years not 10,

He may go after increasing the Medicare age

Many Democrats' blood pressure will hit the roof if Obama proposes raising the eligibility age for Medicare
Fiscal hawks, on the other hand, would applaud an increase in the retirement age for both Medicare and Social Security because if done gradually and in a way that protects workers in physically demanding jobs, it's a comparatively easy way to contribute to the programs' long-term solvency

money.cnn.com...


We may even get riots coming from the seniors citizens

reply to post by marg6043


Say RIOTS pretending you're a Japanese...

LAYOUTS!

reply to post by marg6043

He may go after increasing the Medicare age

Yeah he does that, he can forget 2012.

Me thinks he doesn't have the balls. Anyway he just can't do it by himself. He needs congress to pass it, and it won't happen.

reply to post by Vitchilo


This is just a lay out, a proposed new and improved debt reduction but as we know it has to pass the Republicans and his own Fellow Democrats first.

Like everything I believe this one will be a hard one to sell.

Republicans will use Ron Paul to engage Obama, and while these two duel, not much will be done.

If greece goes under soon it'll put a different spin in negotiation
I doubt that your congrees would be fools enough to stop a debt reduction
bill being passed if the rest of the world end up neck deep in the euro-muck
If it's the only thing going round at the time it has a good chance. If they stop
it Wall Street will have a fit. and nobody wants that

reply to post by wondera


You know America the so call debt reductions are nothing but wishful thinking of present presidents as soon another president comes around they redo the debt and mold them on their own image.

reply to post by marg6043


So the option
A: president Obama, gets a debt reduction plan into the system within the next 3 months, all goes well,
then is re-elected.
B: Obama, gets plan into sysem, gets booted out another 6 months before the new admin gets around to
changing it.
3: No-plan, system breaks, (old president can't servive that) new president gets a further deteriating mess with bigger debts to get out of the hole.

Originally posted by marg6043
The Buffett Rule

is coming to all of you millionairs making over 1 million a year.

The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday.

Called the Buffett Rule, the proposal will be part of a comprehensive deficit reduction plan President Barack Obama will unveil on Monday, according to a senior administration official and White House sources who spoke on condition of not being identified. The information was first reported by The New York Times.

Will the Republicans go along with this one or they will block it as usual.

money.cnn.com...



Is that in long term or short term capital gains?

Everyone knows the WEALTHY have NO INCOME to tax with the Buffet rule.

The Democrats or Republicans it does not matter. They are attacking the wages of income earners to keep them from ever becoming wealthy and influential.