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

reply to post by surrealist


I will bet that the Euro will be on life transfusion until the US election year is over, because even with if the dollar will come out on top if the EU collapse it will be a time frame of panic in which the US markets will go down the hill if the Euro suddenly collapse.

So I expect the 2012 to be a year of more accumulating debt with monthly bailout loans infusions thanks to our own Federal Reserve and the IMF.

Now this is just me speculating

The euro took a big dump on basically no news.

Me thinks Europe is getting downgraded before the week is out... including Germany. Maybe even tonight.

My family is on the verge of losing everthing so im ready for this (S) storm to start.

reply to post by camaro68ss


Camaro what is your family in risk of losing? I understand your dad owns a construction business. Is he interested in some of the content we discuss here on ATS?

Man interesting assessment from a guest economist on CNBC on the world economy looking forward....

World Economy Is in a Frightful Mess

Originally posted by surrealist
reply to post by camaro68ss

 

Camaro what is your family in risk of losing? I understand your dad owns a construction business. Is he interested in some of the content we discuss here on ATS?

Yeah im slowly opening his eyes. Hes now a hardcore prepper for it now. long story but a few large items are personallyGuaranty through the company and if the company goes, so does your personal weath. Just on the Verge. Sad to see someone who use to be so successful lose everything through no fault of there own.

Im thinking all the fireworks are to start in Europe the first week of January, maybe even the 2nd week when people start coming back to work. Now with the ECB cash balances rising, i wonder whats going on

The point about the ECB cash balances rising is an interesting one. Its well document that the ECB lent out multi-billion euro loans to banks at 1% interest, and the banks turned around and parked their money back with the ECB at just 0.25%, taking a small loss on their money rather than risk investing. Now how's that for so called confidence? Seriously it shows just how perilous the financial situation is in Europe and this is (apparently) why markets and the Euro fell - on learning of this news, that being the ECB's record expanding balance sheets fro this activity.

reply to post by surrealist


It's interesting what he says about china.
Over the past few months I've heard a number of sources saying china is quietly in a lot of trouble.

reply to post by SpaceMonkeys


Yep lots of stuff going down with China. What he said about India was a bit of a for me too.

Yields fall as Italy sells 7 bln euros of bonds

Italy sold another round of government bonds Thursday, with yields falling for 2014 and 2022 debt, news reports said. Italy raised a total of around 7 billion euros ($9 billion) of various bonds. The government had planned to raise between 5 billion and 8.5 billion euros. Italy paid a yield of 5.62% to sell new three-year debt, down sharply from 7.89% in an auction last month, Reuters reported, while 10-year bonds were sold at a yield of 6.98%, down from 7.56% in a late November auction.

Still pretty high considering the strong confidence currently.

Italy Sells Long-Dated Bonds To Weak Demand, 10 Year Prices Just Inside Of 7%, Bids To Cover Miss

* EUR 2.54 billion in 6% bonds maturing 2014, less than the target of EUR 3 billion, the yield was 5.62% compared to 7.89% previously, with the Bid To Cover worse at 1.36 compared to 1.50 on November 29.

* EUR 1.18 billion in 4.75% bonds maturing 2021, less than the target EUR 2 billion, the yield was 6.70%, compared to 5.77% previously, and a Bid To Cover just barely higher at 1.60 compared to 1.48 before.

* EUR 803 million in FRNs due 2018, less than the target EUR 1 billion, the yield was 7.42% far higher than the 5.590% from October 28, and a Bid To Cover of 1.97 lower than before.

All in all, when one ignores the purely optical "improvement" in the 10 Year pricing, since 12 bps wider, well north of 7%, this was a very weak auction, with demand missing across all tranches, and confirming once and for all that as we have been saying all along, the LTRO has been an epic failure.

Assessment from the UK Telegraph:

Euro slides after Italian bond auction falls short of target

The euro fell and stock markets remained cautious after Italian borrowing costs slipped from recent record highs in a debt sale but investors still demanded a near "unsustainable" interest rate to hold the ailing eurozone nation's 10-year bonds.

David Schnautz, rate strategist at Commerzbank in Lodon, said auction "underscores that the genuine pressure on Italy is still tremendous."

However, a sale of 10-year bonds saw the yield only fall to 6.98pc from a record of 7.56pc at an end-November sale - a yield above 7pc is the level where other eurozone governments have been forced to seek bailouts.

"Italy may have got the auction away, but it is still at a high rate," said Manoj Ladwa, senior trader at ETX Capital.

here is something you guys might like.....light reading and a concise history of the dollar and a theory of how to profit from disater......the history part is dead on anyways.......

www.alpheus.org...

Martin Armstrong update.

OUR ultimate risk is that we will lose all our freedoms before there would be hyperinflation. The borders are closing silently. Tax havens are being attacked and every wire coming into the US is being traced to check who owns that account. Government is desperate to cling to power. It is naïve to presume that our economic troubles will cause government to see the light and accept gold as the new money supply. The bankers, who really control government like the financial crack dealers, would never allow it.

www.inflateordie.com...

The attempt to manipulate gold during the Panic of 1869 and force gold higher in price so that the US government when it returned to a gold standard would have to accept the then current market price failed. The government intentionally released a press statement saying they would sell ten times the amount of gold than what they had. The market collapsed despite the false information. Sell the rumor – buy the news. The presumption that government will be forced to give up economic POWER is just absurd.

Weekly U.S. jobless claims rise 15,000 to 381,000

www.marketwatch.com...

Originally posted by wisdomnotemotion

Weekly U.S. jobless claims rise 15,000 to 381,000

www.marketwatch.com...

This is way higher than that... Marketwatch ignoring data yet again.

Unadjusted number : 490 364 jobs lost. Of course ``seasonally adjusted`` by the US government...

Originally posted by Vitchilo

Originally posted by wisdomnotemotion

Weekly U.S. jobless claims rise 15,000 to 381,000

www.marketwatch.com...

This is way higher than that... Marketwatch ignoring data yet again.

Unadjusted number : 490 364 jobs lost. Of course ``seasonally adjusted`` by the US government...

edit on 29-12-2011 by Vitchilo because: (no reason given)

Vitchilo may I ask where you are getting you number? Unadjusted numbers are posted where?

reply to post by AuntB


From the US government : here.

The advance number of actual initial claims under state programs, unadjusted, totaled 490,364 in the week ending December 24, an increase of 69,261 from the previous week.

You betcha it's gonna be revised upwards.

Originally posted by Vitchilo
reply to post by AuntB

 

From the US government : here.

The advance number of actual initial claims under state programs, unadjusted, totaled 490,364 in the week ending December 24, an increase of 69,261 from the previous week.

You betcha it's gonna be revised upwards.

edit on 29-12-2011 by Vitchilo because: (no reason given)

Vitchilo thank you so much. You made my year! I can tell my husband I was right and back it up. I never thought to look at the Dept of Labor site. I figured they were keeping the correct figures a secret. The truth is a lot scarier then I realized.

Euro is falling... How long until it collaspe? Just a guess if you can.