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

reply to post by Hx3_1963


I agree my friend, for years I have been warning about what China has been doing, now China can not be ignore anymore, we in America tend to hold our patriotism so high that we miss many of the facts affecting us that are not necessarily home grown.

China's goal has been from the beginning to usurp US sovereignty and they are winning, because is not that our Morons politicians are blind but their greed is what makes them blind, and China has played very well when it comes to that greed.

They no only taking themselves down here in our nation but they are taking us the people down also.

Every move China makes is to enhance themselves economically and all those moves should be watched very carefully, because they are ready to strike against the mighty US they will and wars with weapons of mass destruction will not be necessary.

they will use our own dollars against us.





[edit on 18-4-2009 by marg6043]

Not to say anything bad, but, ....

Delta stops using India call centers: report
www.reuters.com...

CHICAGO (Reuters) - Delta Air Lines Inc has stopped using India-based call centers to handle sales and reservations, the Wall Street Journal reported on Saturday.

The move makes the airline the latest U.S. company to decide the cost benefits of directing calls offshore are outweighed by backlash from costumers, the newspaper said in a story on its website.

Delta said it stopped routing calls to India-based call centers over the first three months of the year. Customers had complained they had trouble communicating with Indian agents, the newspaper said.

More at Link...

Finally !!! ...next....

[edit on 4/18/2009 by Hx3_1963]

Well crap! There goes my plan of moving to India and working in a call-center! I was going to ride the wave of Asia's booming economy. Those call center workers earn so much money relative to the cost of living. Oh well, back to the drawing board.

[edit on 18-4-2009 by theWCH]

This is just hilarious, you want to make a air line reservation to a domestic fly in America and you are routed to India.

Unbelievable, to think that the first to start with this trend of off shoring service calls was Microsoft, then the consumer complains started to overwhelm the company to the point that they were thinking about offering US English speaking people for higher charge.

The irony, to pay to have Americans talk to you.

reply to post by marg6043



Isn't it ironic...

Premium pay for basic services...

Figure that...

Geithner sees no new banking crisis: report
www.reuters.com...

TOKYO (Reuters) - U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.

In an interview with the Asahi Shimbun newspaper, Geithner was quoted as saying U.S. authorities were making sure there was steady funding and that banks were able to meet commitments.

"So in some ways what we're saying is we're going to backstop the amount of capital-raising that's necessary," he was quoted as saying in an English text of the interview.

More at Link...

[edit on 4/19/2009 by Hx3_1963]

This already has a thread on ATS, in one of the other forums, so I didn't want to make a whole new thread in GM. I wanted to bring it to your guys' attention though, because it really is a must watch.

Detroit, Ground Zero for Economic Collapse

Brings a tear to the eye.

I know a lot of people who grew up in "The City," but they had to essentially bug-out. Unfortunately, the fallout is spreading, and bugging-out is looking like it may be on the horizon again. I'm going to try to interview some people and then make a thread about the ongoing Situation-X in Detroit. I might throw these videos in that thread, because they probably deserve wider viewership with the Global Meltdown gloom-and-doomers (the ones who don't read this thread frequently enough to keep up with our manic pace!).



[edit on 19-4-2009 by theWCH]

www.bloomberg.com...

Banks Must Tap New Markets For Capital...

I'm starting to fear those "Stress Tests" because of chit like this"


"Summers, President Barack Obama’s top economic adviser, said options for boosting private capital go beyond issuing new stock directly to investors and include “so-called asset- liability swaps that would have the effect of perhaps diluting some shareholders, but also fortifying the level of capitals those banks had.He didn’t elaborate"

More smoke and mirrors!!!

And,they still maintain that the "recession may be easing."

Just back from some errands,passes at least 3 extensive new strip-malls all of which are vacant except for a nail shop.

[edit on 19-4-2009 by irishchic]

Yeah, it doesn't matter that they cooked the books... and that they used taxpayer money to ``make a profit`` and that their commercial loans are gonna collapse like the housing market.

Obama and Geithner doing everything they can with lies to prop up the markets...

[edit on 19-4-2009 by Vitchilo]

2008 "Worst Year" In Fortune 500 History
www.cbsnews.com...

(CBS) It was 1955, the year Disneyland opened and Ray Kroc sold his first hamburger. Bill Gates and Steve Jobs were born that year.

And it was in 1955 that Fortune magazine published the very first Fortune 500 list. It's an annual compilation of America's 500 largest companies, its changing roster reflecting the current economic climate.

"Everything that happens in business in the United States shows up in one way or another in the 500," said Carol Loomis, Fortune's senior editor-at-large. "It's a mirror to the economy."

More at Links...

No taxpayer money for any bank "black hole": Obama
www.reuters.com...

PORT OF SPAIN (Reuters) - U.S. President Barack Obama said on Sunday that stress tests for the country's top banks would show some need more public help than others, but he vowed not to pour taxpayer money into a "black hole."

"Different banks are in different situations. They're going to need different levels of assistance from taxpayers," Obama told a news conference in Port of Spain, Trinidad and Tobago, where he was attending the Fifth Summit of the Americas.

Think he means "No more taxpayer money"???
Sounds to me, like he's saying he'll put more in...no???

Obama Says He'll Seek `Accountability' From Banks Asking for More Capital
www.bloomberg.com...

What a contradiction...

Axelrod: "U.S. Can Handle The Truth"
www.cbsnews.com...

Like a weed, downturn takes root on farms
www.reuters.com...

The recession appears to have finally hit U.S. farmers, who bought equipment during last year's boom and are now having trouble making their monthly payments.

More at Link...

Commodities follow stock market
www.reuters.com...

Wall Street: Plan for a storm
A six-week advance meets the first big week of corporate results, with 140 major companies due to open their books.
money.cnn.com...

NEW YORK (CNNMoney.com) -- As the profit reporting period moves into its busiest two weeks, investors have reason to be a bit more optimistic.

The S&P 500 rose 28.5% in a six-weeks-and-counting advance, after a selloff that left the broad index at a 12-1/2 year low. Bets that the economy and financial sector are close to stabilizing helped fuel the run, enabling investors to shed some of their worst-case scenarios.

"During the previous three months I was getting panicked calls from investors about the end of the world," said Jamie Cox, managing partner at Harris Financial Group. "Now those same people are saying 'we need to get in now before we miss it."

Companies increasingly quiet about the future
www.msnbc.msn.com...

How do you measure economic anguish?
elkhartproject.newsvine.com...

While it's routine to assign numbers to the recession's costs in terms of jobs lost or businesses relocated or shut down, assessing the human impact is far more difficult.

There's plenty of anecdotal evidence that people are hurting all over the nation. The National Suicide Prevention Lifeline (1-800-273-8255) received more than 50,000 calls in March, a 12 percent increase from the previous year. And one third of Americans reported losing sleep over the economy and personal finance concerns, according to a recent poll by the National Sleep Foundation.

But how do you measure the pain? How much quality of life drains out with each passing day on the unemployment line? How many sleepless nights does it take before one's health begins to suffer? How much desperation can a person take when they and their family lose a home to foreclosure?

More at Link...

[edit on 4/19/2009 by Hx3_1963]

Small banks angry about treatment of big ones
‘Why are community banks paying for the sins of Wall Street banks?’
www.msnbc.msn.com...

WASHINGTON - First they felt their reputations were stained by the financial meltdown. Now they're paying a price they protest is unfair.

Small bankers are complaining loudly that they had nothing to do with the excesses of big Wall Street firms, freewheeling deals in the mortgage market and risky investments that precipitated the economic crisis.

Still, in the meltdown's wake, community bankers find themselves under tighter scrutiny from federal regulators. They say the $700 billion financial bailout has favored large institutions. And they are upset about a special assessment the government wants to charge to shore up the Federal Deposit Insurance Fund, which failed banks are draining.

More at Link...

Goods Orders, Home Sales Probably Fell: U.S. Economy Preview
www.bloomberg.com...

[edit on 4/19/2009 by Hx3_1963]

"The Coming Siege Of Austerity":

www.lewrockwell.com...

Interesting lil' commentary,ie "recovery" to WHAT,more of the same?

"The idea that we’re about to resume the insane behavior that induced the current epochal malaise of economy is so absurd it will only be heard in the faculty dining halls of the Ivy League. And if America is not picking up where it left off eighteen months ago – the orgy of spending future claims on wealth unlikely to accrue – then what is our destiny? Based on what’s out there in the organs of public thinking, it seems that we don’t want to think about it."

I hadn't quite thought of it this way...what DO we have remaining that will be "as it was" and will it be an entirely new setup and set of rules out there?

I still see the same old for the most part when I am out and about.

S&P 500 -4.60 862.20 4/19 6:26pm
Fair Value 865.93 4/18 9:33am
Difference* -3.73

NASDAQ -3.25 1348.75 4/19 6:19pm
Fair Value 1352.31 4/18 9:33am
Difference* -3.56

Dow Jones -32.00 8052.00 4/19 6:22pm
===
All Ordinaries 3,733.10 8:18PM ET Up 5.00 (0.13%)
Nikkei 225 8,867.13 8:18PM ET Down 40.45 (0.45%)
Seoul Composite 1,321.86 8:18PM ET Down 7.14 (0.54%)
===
Gold $865.63 v
===
EUR $1.2994 v

How to Protect Your Family from the Greatest Economic Disaster in Recorded History
www.dailyreckoning.com...

Depression II: The Horror
www.dailyreckoning.com...

[edit on 4/19/2009 by Hx3_1963]

Originally posted by Hx3_1963
In an interview with the Asahi Shimbun newspaper, Geithner was quoted as saying U.S. authorities were making sure there was steady funding and that banks were able to meet commitments.

This here summarizes everything regardless the contradictions of Mr. Obama on more or not tax payer money for banks.

See, the commitment to continuous and indefinitely funds to banks has been made, been them in a black hole or not.

And as for the funds been tax payer money or just money coming from the printing presses of the treasury we all have to pay at the end, so the banks can make their commitments oversea not matter what.

What a joke.

U.S. to put conditions on TARP repayment: report
www.reuters.com...

NEW YORK (Reuters) - Strong banks will be allowed to repay federal bailout funds, but only if such a move passes a test to determine whether it is in the national economic interest, the Financial Times reported on Sunday, citing a senior U.S. administration official.

The report said banks that had plenty of capital and demonstrated an ability to raise fresh capital from the market should, in principle, be able to repay government funds. But the judgment would be made in the context of the wider economic interest, the report said.

The unnamed official told the Financial Times the government had three basic tests. It needed first to "make sure the system is stable." Second, to not create "incentives for more deleveraging which would deepen the recession." Third, to make sure the system had enough capital to "provide credit to support the recovery."

More at Link...

BoE's Blanchflower: "Nonsense" to say crisis unpredictable
www.reuters.com...
===
S&P 500 -6.20 860.60 4/19 9:21pm
Fair Value 865.93 4/18 9:33am
Difference* -5.33

NASDAQ -7.00 1345.00 4/19 9:14pm
Fair Value 1352.31 4/18 9:33am
Difference* -7.31

Dow Jones -32.00 8052.00 4/19 6:22pm
===
All Ordinaries 3,713.50 9:17PM ET Down 14.60 (0.39%)
Nikkei 225 8,861.10 9:18PM ET Down 46.48 (0.52%)
Straits Times 1,872.73 9:38PM ET Down 23.83 (1.26%)
Taiwan Weighted 5,746.79 9:18PM ET Down 8.59 (0.15%)
===
Gold $866.95

[edit on 4/19/2009 by Hx3_1963]

reply to post by Hx3_1963

From The NY Times

U.S. May Convert Bank Bailouts to Equity Share

President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, according to administration officials.

In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the government’s existing loans to the nation’s 19 biggest banks into common stock.

Converting those loans to common shares would turn the government aid into available capital for a bank — and give the government a large equity stake in return.

More at link

Defacto nationalization? What do you think?

I wonder why something as simple as re-instating the Glass-Steagall Act is not being considered. 50 yrs of economic stability proves that the GSA was a GOOD thing

LEAKED? Bank Stress Test Results?
(Unverified?)
turnerradionetwork.blogspot.com...

JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo and More Than 1,800 Other Institutions Believed to Be at Risk of Failure Based on Fourth Quarter 2008 Data
www.reuters.com...

Bank Lending Keeps Dropping
online.wsj.com...

Warren Lichtenstein's fund proposal resisted: report
www.reuters.com...

S&P 500 -4.90 861.90 4/20 2:10am
Fair Value 865.93 4/18 9:33am
Difference* -4.03

NASDAQ -8.00 1344.00 4/20 1:12am
Fair Value 1352.31 4/18 9:33am
Difference* -8.31

Dow Jones -46.00 8038.00 4/20 1:58am
===
Shanghai Composite 2,542.39 2:10AM ET Up 38.46 (1.54%)
Hang Seng 15,774.26 2:10AM ET Up 172.99 (1.11%)
Nikkei 225 8,924.75 2:00AM ET Up 17.17 (0.19%)
Straits Times 1,891.20 2:25AM ET Down 5.36 (0.28%)
===
Gold $867.85

[edit on 4/20/2009 by Hx3_1963]

www.latimes.com...

Church leaders in northern Indiana relent and allow followers to collect unemployment checks. It's become a matter of survival. By Joshua Boak April 20, 2009 Reporting from Goshen, Ind. -- The Amish are defined by their religious beliefs, shunning automobiles, insurance and electricity in their homes. But some in hard-hit northern Indiana realize they can no longer avoid one modern idea: unemployment checks.

more at link

U.S. Officials Signal No Need for More TARP Funds From Congress
www.bloomberg.com...

April 20 (Bloomberg) -- Obama administration officials signaled there may be no need to request more financial-rescue funds from Congress as several banks plan to return taxpayer money and others are pushed to tap private markets first.

White House chief of staff Rahm Emanuel said while he had not seen results of stress tests on the 19 biggest banks, he believed “we won’t” have to get more money. Aide Lawrence Summers said “the first resort for more capital is going to the private markets,” by issuing new equity or swapping some liabilities into stock that dilutes other stakeholders.

The remarks yesterday indicate the administration isn’t girding for a battle with lawmakers who have warned that a popular outcry against aiding Wall Street means approval of an expansion of the $700 billion Troubled Asset Relief Program would be a challenge.

More at Links...

The Real Lessons of the Great Depression
www.lewrockwell.com...

Since late 2007, more and more commentators have drawn parallels between our current financial crisis and the Great Depression. Nobel laureates and presidential advisers confidently proclaim that it was Herbert Hoover’s laissez-faire penny pinching that exacerbated the Depression, and that the American economy was saved only when FDR boldly ran up enormous deficits to fight the Nazis. But as I document in my new book, The Politically Incorrect Guide to the Great Depression and the New Deal, this official history is utterly false.

Let’s first set the record straight on Herbert Hoover’s fiscal policies. Contrary to what you have heard and read over the last year, Hoover behaved as a textbook Keynesian after the stock market crash. He immediately cut income tax rates by one percentage point (applicable to the 1929 tax year) and began ratcheting up federal spending, increasing it 42 percent from fiscal year (FY) 1930 to FY 1932.

But to truly appreciate Hoover’s Keynesian bona fides, we must realize that this enormous jump in spending occurred amidst a collapse in tax receipts, due both to the decline in economic activity as well as the price deflation of the early 1930s. This combination led to unprecedented peacetime deficits under the Hoover Administration – something FDR railed against during the 1932 campaign!

Recipe For Economic Disaster
rightwingnews.com...

Zero Percent Inflation is Still a Tax and Wealth-Destroying
blog.mises.org...

[edit on 4/20/2009 by Hx3_1963]

S&P 500 -3.60 863.20 4/20 3:37am
Fair Value 865.93 4/18 9:33am
Difference* -2.73

NASDAQ -4.00 1348.00 4/20 3:24am
Fair Value 1352.31 4/18 9:33am
Difference* -4.31

Dow Jones -46.00 8038.00 4/20 3:31am
===
FTSE 100 4,111.64 3:37AM ET Up 18.84 (0.46%)
CAC 40 3,075.95 3:52AM ET Down 16.01 (0.52%)
DAX 4,665.99 3:37AM ET Down 10.85 (0.23%)
===
Shanghai Composite 2,557.46 3:00AM ET Up 53.52 (2.14%)
Hang Seng 15,788.86 3:38AM ET Up 187.59 (1.20%)
Nikkei 225 8,924.75 3:00AM ET Up 17.17 (0.19%)
===
Gold $868.14

LEAKED! Bank Stress Test Results !

I hope this report is true... even it's from the racist nut Turner.

Those banks are insolvent, they should be shown as such.

FAZ going to the stars, as it should be since most of US banks are insolvent, especially the biggest 5.

The 5 biggest US banks going down would be a big step towards recovery. Then MAYBE we can arrest the scum who created this crisis, starting with those who voted for the repeal of the Glass-Stegal Act, the bankers of those banks, most of Goldman Sachs top crew, the treasury secretary... ect...

But if they really report this news, they'll probably crash the market... then give the banks a few trillions more.

Or they'll just decide that it's over for the US.

This may be the week they collapse an empire.

[edit on 20-4-2009 by Vitchilo]