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

reply to post by surrealist


Obama, Sarkozy and Merkel would have been kicked out a long time ago, by vote of confidence or impeachment if the parliaments/congress weren't full of corrupt trash.

At least Sarkozy will get kicked out in April, but he will likely be replaced by the socialists, which is even worse, there's a small chance that the FN will get elected, which would get France out of the euro... Even if Merkel gets kicked out, nothing will change, most politicians in Berlin are like Merkel, totally corrupt who don't know up from down... And in the US, nothing will change unless Ron Paul is elected.

Funny how the only glimmer of hope in Europe is from an extreme right party in France... and in the US, there's almost no way Ron Paul wins... the elite just won't allow it.

So I think this whole economic NWO BS isn't even close to ending... even if it all crashes.

At this point, voting will not change anything, we're too far gone.

Originally posted by marg6043
reply to post by Vitchilo

 

So Merkel is accomplishing what Hitler could only dream off, conquering and enslaving the nations in the EU with debt to be ruled by now to become Nazi Germany but with Merkel as the supreme leader.

What a joke.

But nothing will surprise me anymore as people here in the US is no so blind and dumb about the corruption in politics and Wall Street and we just complain about the injustice in the net, while still been comfortable in our homes.

We are now a joke.

You could look at it another way though...The Europeans (or at least its citiziens) don´t want to be controlled by the Germans. History is a bitch eh? But Merkel wants exactly that,at least on the surface.

At the same Time,every Elite in Europe (and elsewhere) wants to print,because that is the only Solution to avoid (read: Kick the Can down the Road a littler longer) a Crash now. Problem: The German Goverment,the Constitution and the highest German Court won´t allow this...Merkel can´t agree on the unlimited Bond-Buying even if she wanted,too many obstacles.

Now what do you think Europe should do to avoid beeing controlled by the Germans and avoid a Crash for the Time beeing?

Easy,kick Germany out of Europe You have to remember that Germany´s reunification was only allowed because we had to promise to join a Currency Union. To keep us in check and all that...

Maybe this is what Merkel is really trying to accomplish in the End...

Germany was degraded with reunification. The wall was nod kicked from the West but from the East. Till then, everything was pumped into Germany. After that, Germany become a pump.
The best thing for Germany is to abandon Europe the way it is. I don't think Germany was so much decisive in what has become of Europe.
If I remember correctly, it was Germany among the first to pump money into Deng's China, right? Where is the profit from that investment? The profit is in debasement of EU, the insiders will not be hurt. But German citizens, like others, will.

Monetizing EU debt, even if it happens, will come too late. Others have already done that. It will not attract investors. Europe is a victim of the grand schemers. It is going down the drain and it won't be the first time.

Originally posted by Vitchilo
reply to post by surrealist

 

Obama, Sarkozy and Merkel would have been kicked out a long time ago, by vote of confidence or impeachment if the parliaments/congress weren't full of corrupt trash.

At least Sarkozy will get kicked out in April, but he will likely be replaced by the socialists, which is even worse, there's a small chance that the FN will get elected, which would get France out of the euro... Even if Merkel gets kicked out, nothing will change, most politicians in Berlin are like Merkel, totally corrupt who don't know up from down... And in the US, nothing will change unless Ron Paul is elected.

Funny how the only glimmer of hope in Europe is from an extreme right party in France... and in the US, there's almost no way Ron Paul wins... the elite just won't allow it.

So I think this whole economic NWO BS isn't even close to ending... even if it all crashes.

At this point, voting will not change anything, we're too far gone.

Yep that is it right there. Changing the chairs on the deck of the s(t)inking ship will change nothing except alter the time curve.

reply to post by Shenon


Don't get me wrong, I know citizens of the countries been drafted into the EU do not want what is been done to them and their nations, Merkel is just another puppet under the powers behind the EU unification the same powers are the ones that already rules in the US and the UK.

Merkel is just so willing to do what she is been told to do that is just laughable or pathetic. But we the citizens are worst because we are allowing all this take over to happen, nations puppet governments are enriching those that control them while using us the citizens as collateral, no only that but even our unborn children are already counted to be exploited for the common good of those on the top fat pockets.

reply to post by surrealist


I just have to laught at that one, so the people still get to elect their own govenrment in Spain, but guess what we here in America still elect our govenrment also, but we are given the same trash over and over by two elite parties, so at the end it means nothing, because the ones ruling our nation and elected by the people are not even the ones in charge working for the people, our elections has become nothing but symbolic to keep the sheeple happy about a "Democratic" process.

reply to post by marg6043


I know,but i have still have a little hope that our Goverment is aiming to be kicked out of Europe. If Germany leaves of its own Accord (if thats even possible),the following Consequences,be it Hyperinflation,Crash or War, are going to be blamed soley on us,again...

Even if i don´t trust my Goverment and its Politics anymore,there is still that tiny flicker of Hope left. Thats all i currently have

Originally posted by surrealist
Spanish Conservatives Win General Elections - the third time in as many weeks Europe's debt crisis has claimed a government

Spain's opposition conservatives swept commandingly into power and into the hot seat Sunday as voters enduring a 21.5 percent jobless rate and stagnant economy dumped the Socialists —the third time in as many weeks Europe's debt crisis has claimed a government.

Awaiting words from victorious party leader and future prime minister Mariano Rajoy, thousands of jubilant, cheering supporters waving red-and-yellow Spanish flags and blue-and-white party ones gathered outside Popular Party headquarters in downtown Madrid as pop music boomed over loudspeakers.

With 90 percent of the votes from the election counted, the center-right Popular Party won 186 seats compared to 154 in the last legislature, while the Socialists plummeted from 169 to 110, their worst performance ever.

The difference here though is that at least it was accomplished through democratic process and S(pain) still have a democratically elected government. But it is all just rearranging the chairs on the deck of a sinking ship. Seriously do Spaniards really think a conservative government are going to be any more lenient in the current debt crisis?

I live in southern Spain and one of the reasons the Indignados began protesting was to try and get the message across that there is no difference between the parties and the whole system is broken and corrupt. It seems not enough Spaniards listen to them though because the PP easily won local elections in the summer and now they're the new government.

I can tell you that we had torrential rain here yesterday, and I was keeping an eye out to see how many turned up to vote, because I live just down the road from the local polling station. The majority of people didn't bother to venture into the rain where I live.

Unemployment is 23%. Unemployment in under 25s is 48%.

Rajoy has said he'll change employment laws to help create jobs. At the moment temporary contracts are all anyone can find, if they're lucky. Employers do not want to have to pay large redundancies, etc, etc, so supposedly that's why they're not hiring although they don't seem to have noticed that many businesses have already closed down.. It's also long winded and expensive to set up a company here so he's supposedly going to fix that too.

I personally don't think changing employment laws will make any difference because I live inland from the Costa del Sol tourist area where hotels are empty, restaurants and bars are closing daily, foreign tourists don't have the money to come here.

Many British expats have abandoned their homes and businesses here and just returned to the UK. We're hanging in, by a thread, because the British pensioners still receive their monthly pensions and the wealthy expats still get their trust fund payments so there are still some people that can give us work simply because they don't rely on a salary. Unfortunately for the Spanish, British expats prefer to have their work done by other Brits so it's at a standard they're used to and at a reasonable price.

eg. We needed a plumber so we tried getting prices from local Spanish ones but they see we're British, think we're loaded, and give us a ridiculously high price. One quote was for €4000, one for €6000, and the British plumber supplied all materials and did the job for less than €1000. We've heard many similar stories of expats trying to do their bit to give work to Spaniards but end up with an expat at a much cheaper price.

We have a Spanish friend who happens to be a carpenter so we asked him to price some work, for one of our customers, because he keeps complaining he has no work - he didn't even bother to turn up to price it and didn't answer his mobile. Bottom line of that story is that he would have to give us an invoice for 3 days work and pay social security for the month but what he earned in those 3 days wouldn't cover the payment of €325 and he had no guarantee of finding other work during the month. What a crazy situation to be in!

In a nutshell - A self employed (autonomo) Spaniard has to work one week per month just to pay their social security payment. They have no guarantee that they'll have any further work for the month. Most consider working just 2 or 3 days a week as doing well. Unemployment benefit is not available to any self employed person. Self employed also don't count in the unemployment statistics. Anyone whose unemployment benefit has run out also don't count in unemployment statistics. In reality, unemployment is even higher than the official figure of 23%.

.

Today, all markets are down.
Cause (hidden) Goal: lower wages...


(Pilgrimage time)

www.bbc.co.uk...

Hackers 'hit' US water treatment systems

Hackers with access to the utility's network are thought to have broken the pump by turning it on and off quickly.

Isn't this how markets behave of lately? Is someone hacking the markets by turning them on and off quickly?

UK Severs Ties With Iranian Banks

www.bbc.co.uk...

I think the west are going to poke Iran until they retaliate.

Originally posted by SpaceMonkeys

UK Severs Ties With Iranian Banks

www.bbc.co.uk...

I think the west are going to poke Iran until they retaliate.

I bet it was the British who gave Iran nuclear technology in the first place. After all, they gave RR Nene jet machines to Stalin, so they could start war in Korea...

en.wikipedia.org...
en.wikipedia.org...

reply to post by Shenon


I know my friend, see Merkel is the the one that will be taking a hit with Germany if the EU zone crash, but be aware that it will crash, that is something it could not be stop, the wheels has been set to be that way, then as usual US and UK will be looked at like the saviors.

Hopefully our own ridiculous debt will be our downfall here in the US also.

reply to post by Maya00a


Incredible, we have been so concentrated on Greece and Italy that we have forgotten Spain and Portugal are not doing so peachy.

It is worst that I thought, I guess.

BTW my grandfather was a pure Spaniard, he always said that he didn't have a drop of moor in his blood for some reason that was a big deal to him.

I took a brake from the news for 5 days and i feel great..... but now i dont know what the heck is going on and the markets are crashing.

Its getting really scary on the amount of people that are waking up. The more the people wake up, the closer we are to a collapse.

Happy holidays dear Super Committee

“As we start off this holiday-shortened week, it appears that the supercommittee has completely failed to reach an agreement other than to admit to failure early, so that they can make it home for the holidays,” Marc Pado, U.S. market strategist at Cantor Fitzgerald, noted in emailed commentary.

www.marketwatch.com...

reply to post by DangerDeath


I am no sure about the reason for the markets down today but is something we should be looking at, First is the MF money lost is actually a Billion and some and not the millions been talked about, I bet is more.

Second the supercommitee can not come to an agreement, because the Republicans in there can not agree on raising taxes, due to a contract they sign with some lobbyist years ago that most of them signed to never raise taxes

And Spain change of Government is not the hopeful outcome that was expected.

Or, or we have reached our limit and finally we are going down the hill.

Found the information.

GOP Embraces Norquist's 'No New Taxes' Mantra

www.newsmax.com...

JPMorgan, Goldman Sachs Sued for Alleged MF Global Misstatements

www.businessweek.com...

New York could lose USD 5bln in US funds if no super committee deal

Don't worry, congress is gonna cancel all that ``automatic cuts`` stuff.

Socgen says expects Gold to be challenging USD 2,200 by the end of 2012, compared with the USD 1,750 - 1,800- range prevailing in early November 2011

Fed's Lockhart says should have a very high bar for further QE, would need to see inflation falling and a deflationary condition

No QE then?

Greek PM says Greece staying in Eurozone is the only option

Sellout...

Greek PM Papademos says the main task of the Greek unity government include finalisation of the debt deal with private bondholders and reforms

Prepare the lube.

French T-Bill Auction Results
- French 12-week T-Bill auction for EUR 4.503bln, bid/cover 1.84 vs. Prev. 1.88 (yield 0.485% vs. Prev. 0.448%)

- French 25-week T-Bill auction for EUR 1.001bln, bid/cover 4.11 vs. Prev. 3.81 (yield 0.742% vs. Prev. 0.707%)

- French 47-week T-Bill auction for EUR 1.501bln, bid/cover 2.70 vs. Prev. 3.81 (yield 0.970% vs. Prev. 0.834%)

All bad...

US Chicago Fed Nat Activity Index (Oct) M/M -0.13 vs. Exp. 0.19 (Prev. -0.22, Rev. to -0.20)

Germany's BDB says some German local governments already having trouble financing themselves

Ooops.

ECB's Stark says the ECB sees current soft patch as temporary, should avoid talk of a recession

So this is a ``soft patch``?? And temporary?

Baltic Dry Index falls 1.1% to 1,874 points

Baltic dry index : shipping of containers worldwide... world commerce...

According to EU, Greece would need sixth tranche of aid in December

EU's Juncker says sees decision on EFSF boost by November 29, adding that treaty changes is not a matter of urgency

Irish Property Prices (Oct) M/M -2.2% vs. Prev. -1.5%
Irish Property Prices (Oct) Y/Y -15.1% vs. Prev. -14.3%

Good, deleveraging of the housing market..

Bundesbank slashes 2012 German growth forecast to 0.5%-1% from 1.8%

EU commission says have received official request from Hungary for possible financial assistance

Reading the news, it seems the Bundesbank is trying to tell everyone in Europe what to do... gonna be fun to watch when German's economy cratters which it will since Europe is going down.


$52.5 Billion In Virtually Free US Bank Debt Due Next Month

December is the first month with very significant maturities as more than $52bn comes due, with $14.9bn next week alone.

The banks face at least two major problems from this debt maturing: 1) It is sizable and primary markets seem unlikely to be able or willing to soak up such large issuance without significant concessions, and 2) The extremely low cost of funds for this debt means that rolling into market rates will drastically impact earnings (as interest expenses jump - should fundamentals matter again). BAC faces $3.6bn maturing, MS $3.75bn, and JPM $7.55bn next week alone.

This will certainly not help those bastards..

Greenberg’s Starr International Sues U.S. for $25 Billion Over AIG Bailout

Starr International Co. accused the U.S. government in a lawsuit of using the bailout of American International Group Inc. (AIG) to give funds to AIG’s trading partners in violation of the Constitution.

Starr, which was a major AIG shareholder and is headed by the insurer’s founder, Hank Greenberg, claims the government “destroyed the value of common stock” and took AIG’s property without due process, according to a suit filed today in the U.S. Court of Federal Claims in Washington. Starr seeks $25 billion in damages.

If justice prevails, they will win.

Here You Go: It's Over

We're done folks.

CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.

That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.

The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.

The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.

We're there folks.

Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.

This isn't just about speculators - it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.

I found this an interesting read today:

As The World Crumbles: The ECB Spins, FED Smirks, And US Banks Pillage