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

reply to post by OBE1


dang, your link is not working. i was happy to see news out of greece.

Originally posted by camaro68ss
dang, your link is not working. i was happy to see news out of greece.

I guess the url wont clear the ATS profanity censor > WhentheCrisi#hittheFan.

But you can arrive there with google by searching When the Crisis hit the Fan - Link

Excellent blog for street level snapshots of the ongoing crisis as it affects the "little people."

"No Deal" - Greek Bondholders Do Not Think Agreement Can Be Reached Before "Crunch Date"

.....as the FT reports, the deal is nowhere in sight: "Several hedge fund managers that hold Greek debt have said they have not been involved in the talks and will not be agreeing with the “private sector involvement” (PSI) deal – which centres on a 50 per cent loss on bondholders’ capital and a reduction in the interest they receive... Even members of the committee concede the process is unlikely to succeed in time for the crunch date: a €14.5bn bond repayment falling due on March 20."

reply to post by surrealist


the one thing i dont understand is.... its only 14.5 Billion. we (USA) spend that in 2 days. Why cant the FED's write a check and cover greece for another few years to keep the ponzie going...????

Well this explains why the recent European sovereign debt bond sales was so successful.

Bonds Show Return of Crisis Once ECB Loans Expire

European Central Bank President Mario Draghi’s unlimited three-year loans to euro-region banks may give Italy and Spain only temporary respite from the region’s debt crisis.

Two-year Italian and Spanish notes rallied since the ECB said Dec. 8 that it planned to offer as much liquidity as banks wanted in exchange for eligible collateral. The gain on the short end of the market outpaced longer-dated debt on concern the nations’ austerity plans won’t plug deficits and reduce Europe’s largest debt load. Yields on Italian two-year notes fell to the least relative to 10-year bonds in 21 months.

“This is about buying time,” said John Davies, a fixed- income strategist at WestLB AG in London. “It’s only when the market believes Italy and Spain have returned to sustainable debt levels that you can say the crisis has truly ended.”

Investor demand at sales of government bills and short-term debt has increased across the euro region since the ECB injected 489 billion euros ($632 billion) of three-year loans into the financial system on Dec. 21. The loans were offered at the benchmark rate, currently 1 percent, enabling financial institutions to profit by lending the cash at higher rates, including to governments. The banks that borrowed the cash may also use the funds to finance their own maturing debt.

reply to post by surrealist



It's just amazing to me people are willing to buy these bonds. You' d think buying debt would have ceased by now. Do they really think these will mature and they will make a profit? Or are they buying them themselves with front companies to keep the façade going a little longer?

This is a friggen bomb waiting to go off...

reply to post by hawkiye


From what I am reading there, it is the banks buying up a lot of the bonds to keep yields down which inspires confidence and then lower yields. But the banks are getting their money to buy these bonds from the ECB. It's a bit like the Fed Reserve buying up US treasuries except what the ECB is doing is giving the banks money to use at their discretion, sure, but with the option to purchase bonds as well.

Can you see what's happening here? It is just a round-about way of providing stimulus as the Fed Reserve does.

Originally posted by surrealist
reply to post by hawkiye

 

From what I am reading there, it is the banks buying up a lot of the bonds to keep yields down which inspires confidence and then lower yields. But the banks are getting their money to buy these bonds from the ECB. It's a bit like the Fed Reserve buying up US treasuries except what the ECB is doing is giving the banks money to use at their discretion, sure, but with the option to purchase bonds as well.

Can you see what's happening here? It is just a round-about way of providing stimulus as the Fed Reserve does.

It is a simple, non-inventive recycling, like what Hollywood usually does. The main problem is "copyright" - an imaginary straw which is supposed to save the huge shipwreck, that the Ocean of Eternity is already moving down into its abysmal depths

EU financial dictatorship agreed to by EU ministers last night

In the middle of the night, just like the thieves they are.

So just a little comment... I have to move this summer and I'm looking for apartments.

The prices are INSANE... I'm living in a 4 1/2 apartment right now and it costs me 700$ a month. No electricity nothing.

I'm trying to move to a 2 1/2 in the same area... cost? 620$ a month.

That's crazy! A 2 1/2 is small! No way it's worth only 80$ less!

This was just a little rant about real estate prices. Thank you.

There will be riots on streets of America': George Soros predicts class war in U.S. as euro triggers collapse of global economy Read more: www.dailymail.co.uk...[/url]

Some don't think of the Daily Mail as a true paper but they certainly have sensational headlines..... Isn't Mr. Soros partly responsible?????

reply to post by Vitchilo


Common Vitchlio you know that since the market crash in 2008 the prices of rental units when over the roof that is the reason my daughter had to move back home.

This is just scam even apartments in areas that are considered no very desirable are priced like gold.

Originally posted by AuntB
There will be riots on streets of America': George Soros predicts class war in U.S. as euro triggers collapse of global economy Read more: www.dailymail.co.uk...[/url]

Some don't think of the Daily Mail as a true paper but they certainly have sensational headlines..... Isn't Mr. Soros partly responsible?????

Not just in the Daily Mail:

News Week Magazine - George Soros on the Coming U.S. Class War

“The euro must survive because the alternative—a breakup—would cause a meltdown that Europe, the world, can’t afford.”

Has the great short seller gone soft? Well, yes. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.


“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

Originally posted by surrealist

Originally posted by AuntB
There will be riots on streets of America': George Soros predicts class war in U.S. as euro triggers collapse of global economy Read more: www.dailymail.co.uk...[/url]

Some don't think of the Daily Mail as a true paper but they certainly have sensational headlines..... Isn't Mr. Soros partly responsible?????

Not just in the Daily Mail:

News Week Magazine - George Soros on the Coming U.S. Class War

“The euro must survive because the alternative—a breakup—would cause a meltdown that Europe, the world, can’t afford.”

Has the great short seller gone soft? Well, yes. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.


“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

Sigh. . .how long have we been hearing this? Yet nothing happens.

reply to post by amongus

Sigh. . .how long have we been hearing this? Yet nothing happens.

Apparently you just crawled out of a cave if you think nothing has happened. Millions out of work and tens of thousands monthly losing thier jobs and homes etc. government inflating like crazy, and racking up trillions in debt yearly, prices on essentials rising, currency being debased by said inflation in the trillions, endless wars for oil etc etc, Yeah nothing ever happens... Sigh.

So do you believe in mathematics? If so because of current actions the monetary system is mathematically doomed. Just because we have not had the final crash does not mean it will not happen. It can do nothing else it is a mathematical certainty when you systematically debase the currency at astronomical rates as is being done. When you create bonds, loans, and currency out of thin air to "bail out" entire countries only to have them in a worse situation in a matter of weeks or months trust me the financial ship is about to hit the proverbial fan. We can't predict the exact day but one day we will wake up to economic Armageddon...

For once I agree with Soros on something.

This cannot be explained simply by economy or politics. It's a resident evil event, it is life itself that is at war with itself. Philosophers have seen this long ago. It is just that some groups of people don't get affected too much, so they are in disbelief, in denial, but others do! Look, just one example, how people are being chased from their land in Ethiopia, this very moment. By "corporations". Look how vultures from UN carefully watch extinction by starvation of the Sudanese, and others. Exactly the same thing with this bankers' scam, housing bubble, copyright infringement, political incorrectness, etc.

What is happening and is going to get worse is a historical mixture of Jacobinism, Nazism, Stalinism, dark ages, etc. In America, already, courts have no jurisdiction over state, and state is everyone with uniform or with appropriate ID (and weapon). People with authorization are terrorizing those without it. Forget human rights and democracy. It was always a farce.

Various organized and armed groups are getting nervous. They took over politics and now it's gang wars. For the moment there are no dead, only evicted. Don't know which is worse, though.

Take this big ship that got stranded. A friend from Italy told me it is common practice that those ships compete, in order to attract more tourists, which one will pass closer to the coast...
Same kind of gambling going on in banking sphere, and that one is encompassing almost everything in today's civilization. There are many stranded already, and captains don't get punished. Instead, people get killed and lulled that everything is being taken care of.

Look how politics in EU works. Croatian referendum just decided that Croats are "for" EU. A referendum, with 43% voters is not a regular one. But who cares. 66% of 43% of voters decided that Croatia will join EU. That is a minority deciding for majority. I believe, comparing with the last referendum in Serbia, for its new Constitution, it was obvious people didn't want it, nevertheless, it just got ignored and results of polls faked. And no one could do anything. In Serbia, 24% turned out. That was at 5 PM. At 8 PM, suddenly, there was a 52% turnout, and most of them "voted" for! Ha ha ha!

As everything slowly deteriorates, people are waking and asking question: Is this for real? How is this possible? But, too late. Too much dreaming and hoping they won't come to get me... There are hungry beasts on the lose.

Last fear mongering example: senator Rand Paul denied to board plane because he didn't let TSA check his sexual organs Really, who will after this think of resisting them, when no one, even senator, is spared?

reply to post by amongus


I'd rather say financial system has already collapsed.
Soros is just like other politicians, who say "stabilization" for "decomposition".
Long live stabilization!

Originally posted by DangerDeath
reply to post by amongus

 

I'd rather say financial system has already collapsed.
Soros is just like other politicians, who say "stabilization" for "decomposition".
Long live stabilization!

I never liked Soros. I dont know if there is an alternative motive to his interview, time will tell. I just dont trust the guy. Is he trying to scare the masses to get the ball rolling for a collapse?

reply to post by DangerDeath


Exactly that is something that people will not understand until their retirement checks and pension funds are either cut or they disappear, Whoops I forgot the nations already bankrupted (aka in trouble) are doing already they call it austerity in the US is call cuts, trimming and fiscal policy

But no government will allow their nations to quit including the US because the scare of having the masses retaliate in anger.

So the scam that is the global economy most be pushed and keep it looking like is working for everybody.

That is why whenever a financial House goes down no money is found to pay back the victims, because is no money and never have been.

FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE' MONETARY POLICY
FED SEES `EXCEPTIONALLY LOW' RATES THROUGH AT LEAST LATE 2014
FED TO KEEP REINVESTING HOUSING DEBT INTO MORTGAGE SECURITIES
FED SAYS INFLATION `SUBDUED'
FED SAYS HOUSING `REMAINS DEPRESSED'
FED REITERATES `SIGNIFICANT DOWNSIDE RISKS'

No QE3 yet.

The interest on US bonds just collapsed.
10YR

This is good... for deficit spending. 3 trillion deficits, yes we can! Seriously, the nutjobs in Washington DC think that the interest on the debt will NEVER go back up.