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

CNBC, Sept 30
www.cnbc.com...

When it comes to U.S. deficit reduction, many investors would rather Congress "kick the can down the road" again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War.
While hardly optimal, a temporary deal that prevents a plunge over the "fiscal cliff" would stave off recession and buy time for investors to tweak their portfolios.

Prediction market Intrade suggests a three-in-four chance the November election results in more divided government, with President Barack Obama winning a second term but Republicans in partial or total control of Congress. Divided government may make the path to a solution more difficult as both sides dig in their heels.
........."I think after the election and before Christmas, when discussions might be most polarized and feverish, is the most likely time you'll see doubts in the markets and an extra risk premium demanded to hold U.S. assets," said Alan Wilde, who helps oversee $50 billion at Baring Asset Management.

Merry Christmas, everyone!

reply to post by Saucerwench


In other words gutting away job creation in order to save money so the Fed can keep bailing out Wall street( Q3) , while Obamacare will impose more taxation (mandated taxes) on an already over taxed nation with a growing Welfare state.

Yeah, Merry Christmas indeed.

reply to post by marg6043


"...and buy time for investors to tweak their portfolios" ( ! )

reply to post by Saucerwench


We all know who is going to be having the best merry Christmas this year, right? at a tune of 40 billion dollars a month, (Q3)

It is great to be filthy rich and be an elite member of walls street this days in America.

Originally posted by marg6043
reply to post by Saucerwench

 

In other words gutting away job creation in order to save money so the Fed can keep bailing out Wall street( Q3) , while Obamacare will impose more taxation (mandated taxes) on an already over taxed nation with a growing Welfare state.

Yeah, Merry Christmas indeed.

Yep its a dooms day party just keep partying right up till the roof falls in...

As an American I am very upset over QE 3. Your posts above are so correct, Wall Street will benefit and I will have to stand by and watch while they give themselves giant bonuses. I really wish the public could vote on this because I don't think the gov't knows much about money management.

Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “gotta have it” scale

Oil took a beating yesterday, but DJ didn't seem to notice. I guess the addicts on WS go by their own twisted formulas.

money.cnn.com...

Eurozone unemployment hits record high and those in power still will claim they are correct.Cannot make this stuff up fellas.

I think its time we took a look at what it will actually take, to crash the whole system. We all expect the house of card to come crumbling down, but what is the likely catalyst? We have the fiscal cliff coming up, we have the elections next week....Debt ceilings don't matter anymore, banks and corporations just get bailed out. QE unlimited is in action and not causing to much of a stir. Unemployment is 7.8% and steady. The USA is in debt up to their eyeballs, but interest rates are so low, and will be kept low til at least 2015 that they can borrow forever without worry of ever having to pay it back. So what is going to be the last straw? Food prices should be inflating, but I haven't really noticed too much as of yet. The housing market sucks but still manages to truck along like no one is watching. Gold keeps fluctuating between 1700.-1800 an oz, and oil remarkably is staying below $100 a barrell, because they know it can't go higher due to competition. Tax cuts/increases, austerity measures, health care, or what? What is going to be the straw that broke the camels back? To be completely honest, I'm getting tired of waiting for the imaginary crash to happen. Maybe the rumours are true and the federal reserves contract actually does expire on dec 21 which will render all federal reserve notes completely worthless, like an expired coupon, which is why they only accept payment in gold....Also, has anyone taken into account of what the cost of hurricane sandy is going to be due to damages? Where is that money going to come from? Will they just print more and pay it off, or will they use the hurricane to promote job growth and use it as an economic stimulus? It seems ass backwards to me. But then again, so does the entire economic system the past decade, Its starting to feel like nothing can crash the system, and the corruption will just keep getting worse forever, until conditions are so bad that people finally decide to put down their video game controllers, maybe excercise a little bit to go outside and protest, by which time it will be too late because the governement, or should i say, banks and corporations, will have too big of a monopoly that martial law will be put into place and everyone instead of pretending to be slaves, suddenly realizes they are one....What does the future hold?

Originally posted by marg6043
reply to post by Saucerwench

 

In other words gutting away job creation in order to save money so the Fed can keep bailing out Wall street( Q3) , while Obamacare will impose more taxation (mandated taxes) on an already over taxed nation with a growing Welfare state.

Yeah, Merry Christmas indeed.

If you guys think you are over taxed.
Think again...
Compared to Sri Lanka and Bangladesh yes you are over taxed.
Compared to most if not all developed countries you are at 1/3 of the real deal.

finance.yahoo.com...


even with the cheating....


I am pretty sure its not just because of the news we are getting out of Europe either...

Originally posted by eagleeye2

Originally posted by marg6043
reply to post by Saucerwench

 

In other words gutting away job creation in order to save money so the Fed can keep bailing out Wall street( Q3) , while Obamacare will impose more taxation (mandated taxes) on an already over taxed nation with a growing Welfare state.

Yeah, Merry Christmas indeed.

If you guys think you are over taxed.
Think again...
Compared to Sri Lanka and Bangladesh yes you are over taxed.
Compared to most if not all developed countries you are at 1/3 of the real deal.

So what! You think we should not complain until we are screwed as bad as other countries with theftation? That is the point to stop it before we get there...

reply to post by AuntB


I don't think the gov't knows much about money management.

That's a gross understatment!!!
i.e. Social Security payments adjustment in 2013 is 1% based on GOV's inflation stat of 1%.
They do not include include Fuel and Food in their inflation rate. If they did; it would be 10%!
But they don't care about living on SS because of their fat Gov pentions.
Term limits for all elected !

When this economy indicator tool hits the 20% level -- a Recession is sure, ever since 1967 this 20% indicator has preicted all 6 recessions in that period of time.

"Fed Report: 100% Chance of Recession"

Mac Slavo
November 7th, 2012

Read by 16,533 people



Now that the election is over, the propaganda media can back off the burying of those critical stories that they couldn’t be bothered to report in the lead up to the re-election of President Obama.

What are we talking about?

For starters, the Federal Reserve’s recent report, which received nary a comment from the political and financial pundits on television.

While the economy was on the minds of most voters last night, what they didn’t know may have very well swung the election to one candidate over another.

And this particular tidbit of data is as important as it gets when we’re talking about economic health:

www.shtfplan.com...

see, after the massaged news that was spoon fed the Øbama voters... now the ugly facts are being slowly released to the bread-&-circus crowd

gold reserves are 90% gone
severe austerity will be the new normal
Øbama will transform US into a Cuba Clone,


i have liquidated several stock accounts and only 2 others have been reduced the 1 share minumum
in my quest to remain sustainable by investing in off grid water storage and solar powerand other money costing restructuring of the homestead to become more self reliant on everything but the yearly land-lease-payment called property taxes

Originally posted by marg6043
reply to post by Saucerwench

 

We all know who is going to be having the best merry Christmas this year, right? at a tune of 40 billion dollars a month, (Q3)

It is great to be filthy rich and be an elite member of walls street this days in America.

here's the latest warning from our economist friends

When Infinite Inflation Isn't Enough

Peter Schiff
Euro Pacific Precious Metals
Posted Nov 8, 2012

If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed "QE Infinity") created yet another round of media chatter about a recovery, the Fed's Open Market Committee has decided to push infinity a little bit further. The latest move involves the rolling over of long-term Treasuries purchased as part of Operation Twist, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it "QE3 Plus" - now with more inflation!

the longer exp;aination of how the base ammount of $40 Bn monthly turns into $85 Bn monthly has to do with the Fed participating in buying into derivitives, which in effect doubles or trebles the funny money the way that fractional reserve banking creates an increases the flow and velocity of money


can you believe the Fed buying into derivitives for over $1 Trillion a year in paper from the $480 BN from the seed money on their balance sheet


where will this $40Bn X 12 go.... into speculation by the bankers/wall street of course --- even as main street languishes
and my guess is tat the payouts on redeemable derivities will be a 'PUSH' end result...or a zero sum gain

CNBC is pessimistic about a solution before the dreaded "fiscal cliff".

www.cnbc.com...


I hope this isn't off topic. I found a new 'Truther' hero named Peter Santilli. He is a radio show host. Last night, he informed about a law enforcement source who said fellow LEOs are getting ready for the American SHTF. Sounds like Mad Max meets the Civil War. I hope this doesn't come about. I'm not a "bring it!" person on this'un.
Starts at about 24:18

reply to post by Saucerwench


yeah in my local talk show yesterday morning a guy in the military called in and said he will be getting trained on policing citizens next week.

All and all its a bad sign

policing citizens....dangg.....I had no idea.....about the Japan and China scene.....for Japans outlook.....it's all hype and fake news to keep the investors in the dark...why just this morning,..... I "FILLED MY SOCKS"...baby. so buy the JPY pairs men. there's a reason for my call to buy a year ago....been long since the big one back in 09.
now for a long term target, I can't post that but......just do like I suggested up there in that paragraph^..!!

Originally posted by St Udio

Originally posted by marg6043
reply to post by Saucerwench

 

We all know who is going to be having the best merry Christmas this year, right? at a tune of 40 billion dollars a month, (Q3)

It is great to be filthy rich and be an elite member of walls street this days in America.

 

here's the latest warning from our economist friends

When Infinite Inflation Isn't Enough

Peter Schiff
Euro Pacific Precious Metals
Posted Nov 8, 2012

If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed "QE Infinity") created yet another round of media chatter about a recovery, the Fed's Open Market Committee has decided to push infinity a little bit further. The latest move involves the rolling over of long-term Treasuries purchased as part of Operation Twist, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it "QE3 Plus" - now with more inflation!

the longer exp;aination of how the base ammount of $40 Bn monthly turns into $85 Bn monthly has to do with the Fed participating in buying into derivitives, which in effect doubles or trebles the funny money the way that fractional reserve banking creates an increases the flow and velocity of money


can you believe the Fed buying into derivitives for over $1 Trillion a year in paper from the $480 BN from the seed money on their balance sheet


where will this $40Bn X 12 go.... into speculation by the bankers/wall street of course --- even as main street languishes
and my guess is tat the payouts on redeemable derivities will be a 'PUSH' end result...or a zero sum gain

edit on 11-11-2012 by St Udio because: (no reason given)

Ive predicted, with my close group of friends and family, that by mid-February to late March, we will see in increase in “asset” purchases by the FED’s from 85 Billion to 120 Billion a month. This will either be announced or hidden from the public. I calculated this prediction based on the theory of diminishing returns.

If this comes true, be ready for the S*** show to come by mid July and shortages to arrive in all asset classes, most notably in oil and FUEL! If this prediction comes true, I’ll be making my final preparations to leave town, that’s how dire it is.