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

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posted on Apr, 11 2009 @ 10:05 PM
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Originally posted by Vitchilo
Anywhere to find states tax receipts/spending numbers compared to last year?


Individual state treasury web sites? Not sure if there is a compilation of them available




posted on Apr, 12 2009 @ 02:52 AM
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Originally posted by spinkyboo


LAYOFF DAILY
4-10-2009


Pinnacle Mine Cuts Coal Production -290
Pratt and Whitney -500
Intuit Real Estate Solutions -40
Buckhorn Group -58
Kobelco -66
Bristol Metals -37
FedEx Services in Akron -74
Maine maritime Academy -9
Viking Yacht Tally -800
Layoff Daily - everyone



Hey, spink, have you ever come across the expression "domino effect?"





[edit on 4/12/2009 by stander]



posted on Apr, 12 2009 @ 04:21 AM
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Up up & away...



China end-March FX reserves hit $1.9537 trln -PBOC
www.reuters.com...

BEIJING/SHANGHAI, April 11 (Reuters) - China's foreign
exchange reserves, the world's largest, rose by about $7.7
billion in the first quarter to $1.9537 trillion at the end of
March, the central bank said on Saturday.

The figure was slightly below the median forecast of $1.955
trillion in a Reuters poll of 10 economists. [ID:nPEK193871]

For all of 2008, the foreign exchange reserves rose by
$417.8 billion, compared with increases of $461.9 billion in
2007, $247.3 billion in 2006 and $209 billion in 2005.

China's reserves have ballooned as the central bank, in
order to hold down the yuan, has bought most of the dollars
generated by a large trade surplus, foreign direct investment
and periodic inflows of speculative capital.

The inflows have slowed in recent quarters as the global
economic slowdown has hit trade and investment flows.

Foreign exchange reserves (in billions of dollars, period
ending):

Mar09
1,953.7

Dec08
1,946.0

Sep08
1,905.6

Jun08
1,905.6

Mar08
1,808.8

BOJ to consider boosting capital
www.reuters.com...

[edit on 4/12/2009 by Hx3_1963]



posted on Apr, 12 2009 @ 10:02 AM
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This is getting ridiculous. “There are glimmers of hope in the economy” said the big O just yesterday. Really? We are living in a movie scene kind of like “Deep Impact” or “Armageddon” they know exactly what is heading our way and we are waiting for the any day now, Address to the Nation speech of “America, it is with great regret that I must tell you that on this day, we are broke.” It could happen that easily. If you saw the movie “Deep Impact” on of the reasons that the government finally told the public was the announcement of the budget was coming and they had spent more money than they could hide.

CNN for months has dominated their coverage with “Issue Number One, The Economy.” Not anymore. Have you noticed that there is less talk of the economy in the MSM now than there was two weeks ago? Why has it gotten better? No.

I just have a bad feeling that the next time we hear a major announcement about the economy from TPTB it's going to be catastrophic news. rant off.



posted on Apr, 12 2009 @ 02:50 PM
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Goldman (and other banks') "Hedges"




There is a rumor about Goldman Sachs flying around on the street - allegedly they are about to report their second-best quarter in history, +$12 billion or so.

In addition, there is this from Bloomberg:

A 47 percent gain for the company’s stock price this year and a return to profitability in the first quarter may help Chief Executive Officer Lloyd Blankfein raise new money, analysts said. That might let Goldman Sachs, the sixth-biggest bank, return the cash received in October from the Treasury’s Troubled Asset Relief Program and shake off compensation and hiring restrictions imposed on banks that took the U.S. aid.

Gee, you don't think being paid by the taxpayer through AIG's "conduit" for losses that didn't (yet) happen at 100 cents on the dollar might have anything to do with that, do you?

And further (and potentially much worse) there is the repeated statement by Goldman executives that they were "fully hedged" against a potential counterparty default by AIG.

One wonders - was that "hedge" to be short the equity on AIG itself, perhaps?

Why is this important?

Because if that's how Goldman hedged they got paid twice and the taxpayer literally got robbed.

Someone in Congress needs to look into this now; there are already rumblings of investigation. Those rumblings need to get a lot louder and turn into subpoenas, not "polite inquiries."

If in fact Goldman (or anyone else) was "hedged" against a possible credit loss from their CDS with AIG and they were able to collect on that hedge (no matter what it was) those payments through AIG need to be clawed back immediately as nobody is entitled to be paid twice for the same risk and reap what amounts to a windfall profit by quite literally engineering a multi-billion dollar transfer of funds from the Taxpayer to the firm!

This is not small potatoes either - we're talking $100 billion+ in aggregate with these various banks on a worldwide basis.

We the people deserve answers on this right now and if persons in our government handed these banks $100 billion dollars of our tax money for what was a covered bet, allowing them to collect twice on a risk that had not yet been realized (when at most they were entitled to collect once via their private hedging activity) every single person involved in that scandal must be immediately removed from office, prosecuted if possible, and every nickel of those funds must be clawed back by whatever means are necessary.



posted on Apr, 12 2009 @ 06:03 PM
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Hmmm...


Credit Suisse starts shutting U.S. offshore accounts: report
www.reuters.com...

ZURICH (Reuters) - Swiss bank Credit Suisse has started closing down the offshore accounts of U.S. clients who have not declared the money to the U.S. authorities, a newspaper reported on Sunday.

The Sonntagszeitung newspaper said the bank had about 2,500-5,000 U.S. clients with undeclared offshore accounts worth about 3 billion francs, without citing its sources.

The paper said Credit Suisse had started parting company with its U.S. offshore clients, giving them the option of moving their accounts to its CS Private Advisors subsidiary, which would report the accounts to the U.S. tax authorities, or writing them a check.
More at Link...

UBS to announce more job cuts soon: media
www.reuters.com...

[edit on 4/12/2009 by Hx3_1963]



posted on Apr, 12 2009 @ 07:32 PM
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reply to post by redhatty
 


The government is no going to do a darn thing about, you know why, because this are good news and good news means good for numbers.

We the tax payer has been gouged, raped and left to pick up nothing but the darn bills.

For what you have seen so far our will means crap to the fat rats in government.



posted on Apr, 12 2009 @ 07:39 PM
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S&P 500 -5.90 846.70 4/12 8:24pm
Fair Value 853.38 4/10 10:16am
Difference* -6.68

NASDAQ -4.50 1331.50 4/12 8:16pm
Fair Value 1339.50 4/10 10:16am
Difference* -8.00

Dow Jones +33.00 7970.00 4/12 7:20pm
===
Nikkei 225 8,905.87 8:18PM ET Down 58.24 (0.65%)
Seoul Composite 1,341.03 8:18PM ET Up 4.99 (0.37%)
===
Gold $883.50



posted on Apr, 12 2009 @ 07:45 PM
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reply to post by Hx3_1963
 


What you think is going to happen this week in the markets, Hx3_1963, you think that more good news are coming out of the banking institutions now that they don't need to post bad news?



posted on Apr, 12 2009 @ 07:49 PM
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reply to post by marg6043
 
Banks will probably have ton's of good news...

It's the rest of us that won't...

Select Retails and Industrials for march seems to be down quite a bit...despite numbers to the contrary... .3% whoopie...


Wall Street: Bracing for profit shock

Wall Street is set to post its seventh straight quarter of shrinking profits, threatening the strength of the recent stock advance.
money.cnn.com...

NEW YORK (CNNMoney.com) -- The five-week old stock rally faces its biggest test yet this week: The arrival of the first big basket of what is likely to be a rotten batch of quarterly results.

"Recessions are a great time to figure out who is winning and who is losing," said Kim Caughey, senior equity analyst at Fort Pitt Capital Partners.

"Overall, it's been a terrible quarter. That's no surprise," she said. "But seeing who is holding it together is important to investors."
More at Link...

Retail Sales Probably Rose, Output Fell: U.S. Economy Preview
www.bloomberg.com...

Retail Sales Data to Show Whether Spending Slump Is Ebbing
online.wsj.com...

Retailers Extend Job Cuts
Sector Shed 48,000 Positions in March; No End in Sight
WSJ

A nice site to keep track of release dates...

Investopedia
Economic Indicators: Retail Sales Report
www.investopedia.com...



[edit on 4/12/2009 by Hx3_1963]



posted on Apr, 12 2009 @ 08:08 PM
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reply to post by marg6043
 


I've said for months now, if you still have money in a bank, you are only feeding the beast. But people don't want to keep their cash at home - I can't understand it - they don't want to see the banks get more of our money, but they keep their money in the bank anyway.

Another thing, if you have not adjusted your exemptions on your W4's to make sure you are not having tax withheld, you are feeding the beast. Can't change FICA and Medicare, but you sure can adjust your federal withholding.

If you know you'll have to pay next April, then put some money aside to be ready for it, but don't give it to them until you have no other choice.

This is just 2 simple things we can to do stop feeding the beast

When it's starving, it WILL change it's ways - it will have no choice

Unfortunately there is a lot of fat on the pig



posted on Apr, 12 2009 @ 08:12 PM
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More FRAUD???

Tarp investigator seeks evidence of book fiddling


The official policing the $700bn Tarp fund says he is investigating whether banks have “cooked their books” to secure bail-out money.

Neil Barofsky, special inspector-general for the troubled asset relief programme, told the Financial Times he was seeking evidence of wrongdoing on the part of banks receiving help from the fund, which was designed to ease credit conditions and support distressed industries.

“I hope we don’t find a single bank that’s cooked their books to try to get money but I don’t think that’s going to be the case,” said Mr Barofsky, who has been dubbed the “Tarp cop”.

Just how banks value mortgage-backed securities and other assets on their books has been an issue of intense debate as the financial crisis has unfolded.

Large banks from Citigroup to Goldman Sachs and hundreds of regional banks have taken billions from Tarp to rebuild balance sheets weakened by the financial crisis.

But institutions applying for Tarp money had to show they were fundamentally sound, potentially prompting them to mis-state their assets and liabilities.

Mr Barofsky also said the Treasury’s expanded term asset-backed securities loan facility (Talf) was ripe for fraud.

The former New York prosecutor said the decision to expand the Talf to encourage investors to buy distressed, or “legacy”, assets from banks could put public money behind investments that were backed by fraudulent mortgages.

“One of our strongest recommendations of the last report was do not expand the Talf to buying legacy assets. If its structure is not changed considerably it’s very, very dangerous,” he said.

“We know the triple A rating [ascribed to the securities by credit rating agencies] was a sham. We could be buying securities that are backed with assets that we know were likely riddled with fraud.”


More at link



posted on Apr, 12 2009 @ 09:41 PM
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And MORE FRAUD

MORTGAGE-BACKED SECURITIES: 1/3 NOT BACKED!


by Susanne Trimbath 04/11/2009
On April 3, 2009, R. Glen Ayers spoke at the American Bankruptcy Institute in Washington, D.C. Mr. Ayers is a former bankruptcy judge, now with the law firm Langley & Banack in San Antonio, Texas. He spoke on a subject I covered here on March 4 – not all mortgage backed securities are actually backed by mortgages. The rush to write more mortgages and to issue more bonds meant that mistakes were made in the paperwork.

The Ayers speech is connected to an article he wrote with Judge Samuel L. Bufford, who had the California case I mentioned last month where the mortgage note disappeared after being transferred to Freddie Mac. In the article, “Where’s the Note, Who’s the Holder”, they drop this bombshell: “A lawyer sophisticated in this area has speculated to one of the authors that perhaps a third of the notes ‘securitized’ have been lost or destroyed.” Meaning that 1/3 of the mortgage-backed securities are not backed by mortgages!

This is the junk that Treasury Secretary Geithner wants to finance the hedge funds to purchase. As of the end of 2008, there was $6,838.7 billion worth of government-backed mortgage bonds outstanding. An additional $178 billion were issued in the first two months of 2009.


Still wondering why hedge funds are giving Geithner’s Public-Private Investment Partnership “two thumbs-down”???



posted on Apr, 12 2009 @ 09:54 PM
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S&P 500 -5.40 847.20 4/12 10:36pm
Fair Value 853.38 4/10 10:16am
Difference* -6.18

NASDAQ -1.50 1334.50 4/12 9:20pm
Fair Value 1339.50 4/10 10:16am
Difference* -5.00

Dow Jones +40.00 7977.00 4/12 10:17pm
===
Shanghai Composite 2,490.67 10:35PM ET Up 46.44 (1.90%)
Jakarta Composite 1,523.14 10:53PM ET Up 57.39 (3.92%)
Nikkei 225 8,957.62 10:30PM ET Down 6.49 (0.07%)
Straits Times 1,875.73 10:53PM ET Up 47.22 (2.58%)
Seoul Composite 1,339.02 10:33PM ET Up 2.98 (0.22%)
===
Gold $886.97 ^

[edit on 4/12/2009 by Hx3_1963]



posted on Apr, 12 2009 @ 10:06 PM
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‘Surgical’ Bankruptcy Possible for G.M.


The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite G.M.’s public contention that it could still reorganize outside court, people with knowledge of the plans said during the weekend.

Members of President Obama’s automotive task force spent last week in meetings and on conference calls with G.M. officials and its advisers in Detroit and Washington. Those talks are expected to continue this week.

The goal is to prepare for a fast “surgical” bankruptcy, the people who had been briefed on the plans said. G.M., which has been granted $13.4 billion in federal aid, insists that a quick restructuring is necessary so its image and sales are not damaged permanently.

The preparations are aimed at assuring a G.M. bankruptcy filing is ready should the company be unable to reach agreement with bondholders to exchange roughly $28 billion in debt into equity in G.M. and with the United Automobile Workers union, which has balked at granting concessions without sacrifices from bondholders.

President Obama, who was elected with strong backing from labor, remained concerned about potential risk to G.M.’s pension plan and wants to avoid harming workers, these people said.

None of these people agreed to be identified because they were not authorized to discuss the process. G.M. declined to comment and the Treasury Department did not comment.

One plan under consideration would create a new company that would buy the “good” assets of G.M. almost immediately after the carmaker files for bankruptcy.

Less desirable assets, including unwanted brands, factories and health care obligations, would be left in the old company, which could be liquidated over several years.

Treasury officials are examining one potential outcome in which the “good G.M.” enters and exits bankruptcy protection in as little as two weeks, using $5 billion to $7 billion in federal financing, a person who had been briefed on the prospect said last week.

The rest of G.M. may require as much as $70 billion in government financing, and possibly more to resolve the health care obligations and the liquidation of the factories, according to legal experts and federal officials.

Since replacing Rick Wagoner on March 31, G.M.’s chief executive, Fritz Henderson, has sent increasingly clear signals that bankruptcy is probable unless agreements are reached with labor and the bondholders by the administration’s June 1 deadline.

Unlike Mr. Wagoner, who refused until his final days at G.M. to consider a Chapter 11 filing, Mr. Henderson has deployed staff to work with legal and government advisers, although he does not agree a bankruptcy is inevitable.

Last week, he said G.M. was proceeding on a dual track, hoping to restructure out of court, but also preparing for a filing.


More at link

That will be the death of GM stock



posted on Apr, 12 2009 @ 10:21 PM
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DAILY LAYOFF
4-11-2009 & 4-12-2009


Zambia Copper Mine -1,300
Shenendehowa Schools -46
Watseka Hospital -18
Indianapolis Diversified Machining -50
Austal USA -62
MeadWestvaco Update -51
National Semi 2 Week Closure -450
Syracuse China Closing -200
City of Hoboken -21
Northern AZ University -9
Nike Inc. -17
PCS Phosphate -24
Greene County OH Sheriff -10


TOTAL - 2,240+

Easter brought with it a low report of layoff news.
That's good.



posted on Apr, 12 2009 @ 10:35 PM
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reply to post by redhatty
 

On Goldman...interestly enough, I think they will report near record profits... we will not hear our complicit congress bringing charges of corruption against GS! No...and why not...they are insiders, along with the Fed, bilking the taxpayers in a giant ponzi scheme!


How much a Goldman Sachs and its brethren profit off their positions as Fed insiders, stockholders and, as with Goldman, whose "former" personel serving as the Secretaries of the Treasury" is unknown. This is largely because we are kept from looking, and the private Fed is exempt from the Freedom Of Information Act.

Clearly, they have us coming and going and the potential for profiteering thru inside information and policy-making influence is enormous. This corruption and profiteering can also easily escape detection via partners in foreign markets where oversight is missing, and political influence is all-powerful.
www.goldmansachs666.com...

Goldman Sachs Hires Lawyer To Shutdown Blogger

More to add to that there is an investment banker that has started a blog...
goldmansachs666.com, this is serious guys...and he is actually reporting and investigating this angle. Could it be that he could actually deliver some serious blows!? Hope he has his life insurance in place...

I am tempted to join his conference call he has planned for this
April 15th at 6PM Eastern

We will hold a conference call and webinar to discuss our objectives and how you can help as a volunteer, whether that is simply forwarding information or an active role in this website. Register in advance for conference call access codes
www2.gotomeeting.com... If you miss the call, it will be posted here as a replay.



About this Site: Born on March 26, 2009, this website is an open forum for facts and discussion about what part Goldman Sachs and their executives played in the current Global Economic Crisis. This site is NOT affiliated with Goldman Sachs, nor has this site been approved by Goldman Sachs. In fact, Goldman Sachs has threatend to file a lawsuit to shut down this website.

Information: If you have helpful links, articles or any kind of information relevant to exposing Goldman Sachs for it's part in the worldwide financial crisis, please email me Mike@GoldmanSachs666.com

www.goldmansachs666.com...



posted on Apr, 12 2009 @ 10:48 PM
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Does Goldman Sachs Control the U.S. Government?
Is Goldman Sachs the President?


It's no longer any secret that America is not a democracy but rather a ruthless Oligarchy, run and controlled by the major banks – i.e., the very owners of "our" Federal Reserve with its monopoly debt-money creation and destruction powers.

There is no power greater than the money power, and thanks to a corrupt Congress in 1913 - who were coerced and corrupted to override the wisdom of the founders - this seminal power is no longer in the people’s hands.

At the head of the American money-banking oligarchy sits one of the premier international merchant banks, Goldmann Sachs. Its influence on markets and monetary policy is clearly enormous. In effect, Goldman Sachs alone is a quasi-governmental agency – i.e., a private preserve of public power and government bond-dealer influence.

We should remember that not only is insider information generated and used by the likes of a Goldman Sachs (working two sides of trades, and paying the fees of the "independent" bond analysts ) but its influence amongst the coterie of large bank owners of the "Federal " Reserve is also enormous. This private ability to know and to direct "governmental" monetary and fiscal policy is then a Fed insider’s dream, and bond dealer’s paradise.

How much a Goldman Sachs and its brethren profit off their positions as Fed insiders, stockholders and, as with Goldman, whose "former" personel serving as the Secretaries of the Treasury" is unknown. This is largely because we are kept from looking, and the private Fed is exempt from the Freedom Of Information Act.

Clearly, they have us coming and going and the potential for profiteering thru inside information and policy-making influence is enormous. This corruption and profiteering can also easily escape detection via partners in foreign markets where oversight is missing, and political influence is all-powerful.
www.goldmansachs666.com...

And an older article from 2007, clearly looking from hindsight was very telling.
www.economicpolicyjournal.com...

Does Goldman Sachs Run the World?

Not completely, but it doesn't mean they aren't trying. It seems that, literally, only flesh eating bacteria can stop these guys.

The Canadian dollar breaks above parity and, lo and behold, last Thursday, a Goldman managing director, Mark Carney is named governor of the Bank of Canada.

Mario Draghi, governor of the Bank of Italy, is also a former Goldman managing director.

Then, of course, there is U.S. Treasury Secretary, Hank Paulson, who was Chairman and Chief Executive Officer of Goldman.



posted on Apr, 12 2009 @ 10:56 PM
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reply to post by burntheships
 
Very nice and disturbing info...

I'm pretty sure most of here are aware of GS's insider positions and influence on just about everything from .gov to main st...

To bad he'll "disappear" and nothing will come of it...

Those in power, who know, won't stop it...

Those outside power, who know, can't stop it...

*Flush*




posted on Apr, 12 2009 @ 11:06 PM
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Originally posted by stander

Originally posted by spinkyboo
[
Hey, spink, have you ever come across the expression "domino effect?"





Yep the domino effect is showing it's face everywhere...


UK telecom company BT to cut 10,000 jobs




Report: UK telecom company BT to cut 10,000 jobs
9 hours ago LONDON —
Telecommunications company BT Group PLC is set to slash 10,000 more jobs, according to a British newspaper report, or about six per cent of its global work force. The Sunday Times of London said the cuts would be announced next month as the company announces what the paper called horrendous year-end results. BT, whose share price has plunged from more than 40 pence (US60 cents) last year to about 12 pence (US17 cents) Friday on the London Stock Exchange, has only just wrapped up its latest costing-cutting program, which laid off 10,000 other workers.


www.google.com...



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