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

Originally posted by Rockpuck
reply to post by DangerDeath

 

Can I qualify as being middle class and poor at the same time? The Government seems to think I'm made of money but I have nothing to show for it.

They are throwing people into oblivion. Middle class is supposed to be obliterated and its memory together with it . People won't know what is middle class again, trust me on this one.

The guys on top know exactly what is going on and how to handle it. They are going to turn everyone, once again, into lumpen-proletarian. Panem and circem, and once in a while Nero will burn Rome for the stench it creates.

More updates from Martin Armstrong.

www.inflateordie.com...

About gold and liberty ... issue

Originally posted by DangerDeath
More updates from Martin Armstrong.

www.inflateordie.com...

About gold and liberty ... issue

the article says the 'strange attractor' is $1405.50

that's not too far from my 'settlement' of $1440.00


they must have been peeking at my worksheets

Originally posted by St Udio

Originally posted by DangerDeath
More updates from Martin Armstrong.

www.inflateordie.com...

About gold and liberty ... issue

the article says the 'strange attractor' is $1405.50

that's not too far from my 'settlement' of $1440.00


they must have been peeking at my worksheets

Must be

Perhaps its the 100% inflation mark since 2008?

kind of been a slow news week for the markets. I thought things would start heating up faster and faster with everything going on.

I just dont understand how we could be at a euro collapse yet the markets keep going up? The FED has to be pumping up the markets with a stealth QE3

Wasn't all that quiet though. This article sums up a few key developments:

Torrent of bad European financial news

Alarming financial news flowed out of Europe in a torrent on Friday, just a week after the EU leaders struck a deal they thought would contain the continent's debt crisis.

The bombardment shredded hopes of a lasting solution to the turmoil that is endangering the euro - the currency used by 17 European nations - and threatening the entire global economy.

In quick succession:
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- The Fitch Ratings agency announced it was considering further cuts to the credit scores of six eurozone nations - heavyweights Italy and Spain, as well as Belgium, Cyprus, Ireland and Slovenia. It said all six could face downgrades of one or two notches.

- Ireland's economy shrunk again much deeper than had been expected, with its third-quarter gross domestic product falling 1.9 per cent. Ireland is one of three eurozone nations kept solvent only by an international bailout.

- Bankers and hedge funds were baulking in talks about forgiving 50 per cent of Greece's massive debts, a key issue in the debate over Greece's second rescue bailout.

- The red ink in Spain's regional governments surged 22 per cent in the last year, endangering the central government's efforts to avoid being the next country priced out of international bond markets.

Fitch says comprehensive solution to eurozone crisis is 'beyond reach'

Fitch placed six eurozone countries on downgrade watch on Friday, in a damning judgment of the crisis which saw the ratings agency declare that a comprehensive solution to the eurozone crisis is "beyond reach".

Following the EU Summit on 9-10 December, Fitch has concluded that a 'comprehensive solution' to the eurozone crisis is technically and politically beyond reach.

Reply to post by surrealist

I read that earlier, and it does explain the French hissy fit, thats not going to gown down well in the markets.

I guess they have the weekend to think up some suitable spin, or conintue the playground antic, which although amusing does not solve anything.


Posted Via ATS Mobile: m.abovetopsecret.com

Apparently Moody's has downgraded Belgium by two notches.

BELGIUM'S CREDIT RATINGS CUT 2 LEVELS TO Aa3 BY MOODY'S

15 minutes

www.whitehouse.gov/live

Obama to make public statement shortly
2011-12-17 16:11 (UTC)


www.xe.com/news/2011/12/17/2354405.htm

WASHINGTON, Dec 17 (Reuters) - U.S. President Barack Obama planned on Saturday to make a public statement, the White House said shortly after the Senate voted to extend a payroll tax cut for workers by two months.

Obama will speak at 12:30 EST (1730 GMT).

(Reporting By Caren Bohan) Keywords: USA TAXES/OBAMA STATEMENT

(...)

Forbes:

Eurozone: France to be Stripped of AAA Rating This Week?


Guardian:

French credit downgrade could come 'within days'

France could be stripped of its triple-A credit rating before Christmas, raising new doubts about the survival of the euro, analysts have predicted.

Standard & Poor's – one of the three top rating agencies – is expected to cut France's rating within days, in a move that would weaken its ability to raise funds on financial markets.

Well...should have already happened Months ago. Lets see if they really have the Balls to do it just before Christmas

IF both France & Germany are downgraded SELL Euro/dollar

Soooo, markets are going down because Kim is dead

The center of all evil, for hundreds of years, is about to meet it's maker.

Psssst France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP

Because as the chart below shows, if there is anything the global financial system needs, is for the rating agencies, bond vigilantes, and lastly, general public itself, to realize that the UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP. To call that "game over" is an insult to game overs everywhere.

If I were in the UK, I would do everything I can to get the hell out of there as soon as possible...

And in my region, unemployment was 7.7% in October, now it's 8.0%... and getting worse... thing is, we lost 74 000 jobs and 19k jobs were found in construction (which can't last), 10k jobs in services (which don't pay as much), 10k jobs in natural resources (which we have plenty of) and 8k in utilities (which won't continue much).

So it's going to be much worse once the real estate market feel reality... those construction jobs are gonna bleed...

Today's news..

10:00am, NAHB Housing Market Index, Dec., est. 20 from 20
11:00am, Fed to purchase $4.25b-$5b notes in 12/31/2017 to 11/15/2019 range
11:30am, U.S. to sell $29b 3-month, $27b 6-month bills
12:30pm, Fed’s Lacker to speak in Charlotte, NC
1:00pm, U.S. to sell $35b 2-yr notes

91 billion in debt sold today... National debt should take quite a jump.

And *Poof* goes another "Euro-Rescue" scheme:

IMF Loans Likely To Fall Short Of €200 Expected As UK Pulls Rescue Funding

As noted over the weekend, the UK, having vetoed the December 9 summit, has made it clear it would also likely back out of its IMF mandated contribution to save the Eurozone. In other words, the €30.9 billion that was supposed to come from the UK to rescue French and Italian banks, is now probably gone, a move which threatens to topple the latest Plan Z euro bailout in which broke countries pool money to bailout the same broke countries.Sure enough, Dow Jones confirms it:

- EU loans to IMF likely to fall short of expected EUR 200bln according to sources
- Eurozone may move on IMF loans without immediate UK support according to a EU source

And while below we present the latest breakdown of IMF contribution by member countries, courtesy of Reuters, how long before populist pressure in various Eurozone (and especially non-Eurozone) countries threatens to topple governments unless each and every "joint and several" contributor country pulls a UK? Because if the UK is allowed to save taxpayer funds, why not everyone else?

Actually none of the so call "rescue" "bailouts" and "funds" that has been talk about, summit about and programed about has become a reality, all this talks, summits, hopes and whatever scheme the EU is concocting is nothing but wishful thinking to keep the illusion of something been done to fix what is no fixable to Begin with.

If the EU debt is so bad we can only dream what the real mess is in the US also, all been hidden under the carpet because of election year coming next.

In order for the IMF to fund the countries in trouble it have to get funds from those same countries including the US, how can already in debt countries can even do that when they are only adding more debt to the same debt they are to fund the IMF to get into more debt.

Do anybody get my meaning here

It does get confusing after a while you know.

Meanwhile . . . back at the ranch . . . . Bank of America is four cents away from that 'implosion' mark of $5 per share . . . .

Oh my . . .

Merry Christmas, shareholders . . ..

Originally posted by GoalPoster
Meanwhile . . . back at the ranch . . . . Bank of America is four cents away from that 'implosion' mark of $5 per share . . . .

Oh my . . .

Merry Christmas, shareholders . . ..

BAC at 4.95...finance.yahoo.com...

hold on to your hats!

blogs.wsj.com...

And to those who don´t already know how utterly stupid this newest IMF Bailout nonsense is:

Europe Is Now Officially Bazooko's Circus - Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy

The EU was already embarrassed into releasing a press release that it could procure €150 billion in Eurozone contributions to the IMF rescue, now that the UK is out of the picture and the December 9 Eurosummit agreed upon total of €200 billion including non-Eurozone contributors (mostly the UK with €30.9 billion) has been "adjusted." Now we find that the rabbit hole goes even deeper into Bazooko's Circus because according to a just released update, of the remaining meager €150 billion in funding, Germany will be responsible for €41.5 bn, France at €31.4 billion, and Italy will need to provide €23.5 billion. To, you know, bailout Italy. #Ref!