It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

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

page: 645
189
<< 642  643  644    646  647  648 >>

log in

join
share:

posted on May, 11 2010 @ 10:09 AM
link   
Backlash over UK stance on bail-out
www.ft.com...

Britain’s refusal to take part in the eurozone’s €750bn rescue plan triggered a backlash on Tuesday with a senior French policymaker suggesting Europe would think hard about coming to the UK’s assistance in a sterling crisis.

Jean-Pierre Jouyet, the head of the French markets regulator, said sterling was bound to come under pressure on the markets given the delay in forming a UK government after last week’s inconclusive general election.

Mr Jouyet, a former Europe minister who is close to President Nicolas Sarkozy, indicated that Britain could expect no help from the eurozone.

“The British are most definitely going to be targeted given the political difficulties they have,” he told Europe1 radio.

“If they don’t want solidarity with the eurozone, we will see what will happen with regard to the United Kingdom.”





posted on May, 11 2010 @ 10:10 AM
link   
and on that note:

www.washingtonpost.com...
IMF assessment predicts gloom for Greece




posted on May, 11 2010 @ 10:30 AM
link   
reply to post by Hx3_1963
 


Does that surprises any one?

As more and more countries are coming to the realization that their links to the EU means raping their nations to fix other nations they will start going back to the value of their own currency.

I read and article of financial historians that predicted the Euro will fall and that nations will go back in EU to their currency if a financial crisis is to hit global markets, well it did happen.

The reasons for this is that countries that are facing financial hardships but are not as bad as other countries will try to preserve what wealth they have.

Now been the US the ones that started the financial crisis we will be left alone at the end, then nobody will bailout the US as our debt is becoming to great to be bailed out anymore by any nation.

US just keep printing money and hope that their debt is been bought by other nations.





[edit on 11-5-2010 by marg6043]



posted on May, 11 2010 @ 11:31 AM
link   
UK news:

A Conservative-led (i.e. centre-right) government is now 99% certain (in conjunction with the Liberal Democrats [left of centre], who have never held power).

Labour/Lib Dem talks have failed

This bodes well for the stability of the UK economy, as the Conservatives stood for election on a distinctive platform of introducing measures this year that will begin to deal with the current run-away national debt.

(Hats off to the British electorate, who have chosen austerity over profligacy.)

Expect an announcement within hours, and watch sterling climb...


[edit on 11/5/10 by pause4thought]



posted on May, 11 2010 @ 11:36 AM
link   
Hmmm...

Senate backs one-time audit of Fed bailout role
www.reuters.com...

(Reuters) - The Senate on Tuesday approved a proposal to examine the Federal Reserve's role in the Wall Street bailouts of 2008-2009 as part of a broad financial regulation reform bill.

The proposal from independent Senator Bernie Sanders would order congressional investigators to conduct a single audit of the U.S. central bank's use of its emergency lending authority since December 2007. It would require the Fed by December 1 to disclose which banks received its help.

It passed by a vote of 96 to 0.

The Senate was next expected to consider a more stringent measure, opposed by the Fed, that would subject the central bank to ongoing congressional audits.


Vitter amendment to audit Fed voted down 62-37

Yep following the UK as well...good call!

[edit on 5/11/2010 by Hx3_1963]



posted on May, 11 2010 @ 11:43 AM
link   
reply to post by pause4thought
 


Will the UK pull back from supporting financially the Euro during this growing financial crisis? I wonder.



posted on May, 11 2010 @ 11:45 AM
link   
reply to post by Hx3_1963
 


You know with the incoming mid term elections anything coming from congress is nothing but pony show, I expect nothing out of this at all.



posted on May, 11 2010 @ 12:01 PM
link   
reply to post by marg6043
 


There is absolutely no way the UK will contribute to propping up the Euro. The Conservatives are vehemently Eurosceptical.

The EU threats mentioned by Hx at the top of this page are nothing but sour grapes. The Euro is fundamentally on the rocks, whereas the pound still has at it's disposal every conceivable mechanism to see it through the rough times ahead (-which so many other states relinquished when they signed up to the Euro). The ability to vary the value of one's currency in response to the prevailing national economic climate epitomises the numerous important options available to the UK, but lost by states who gave up their independent currencies.

The idea the UK govt will regret having not (temporarily) bailed the Euro out is hilarious. They've got enough black holes to fill without additional pressure from the PIGS (Portugal, Ireland, Greece & Spain), thank you very much.



posted on May, 11 2010 @ 12:43 PM
link   
OK...WTH was this?


finviz.com...

Any opinions?


[edit on 5/11/2010 by Hx3_1963]



posted on May, 11 2010 @ 12:48 PM
link   
reply to post by Hx3_1963
 


Some guy with a fat finger hit a 'b' instead of an 'm'...



posted on May, 11 2010 @ 12:52 PM
link   

Originally posted by Hx3_1963
OK...WTH was this?


Any opinions?


[edit on 5/11/2010 by Hx3_1963]


I'd say, Pavlov's conditioning



posted on May, 11 2010 @ 01:08 PM
link   
Must-read article:


Multi-billion Euro rescue buys time but no solution


The truth hurts. Frankly this article makes my hair stand on end. This truly is the last card for the Euro. It's as stark as that.



posted on May, 11 2010 @ 01:44 PM
link   
Gold hit 1225...



I'm guessing the long tails were from the FED Auction at 1pm est???

finviz.com...
finviz.com...

DJIA goes red...Hmmm...

FX all over the place still...

finviz.com...

[edit on 5/11/2010 by Hx3_1963]



posted on May, 11 2010 @ 01:52 PM
link   
reply to post by pause4thought
 


You know I have to be honest with you, but I thought that the UK was all for the Euro, you make it sound like they are as anti Euro as they can be.



I may have to research on the Euro history now more in deep.



posted on May, 11 2010 @ 01:59 PM
link   
reply to post by pause4thought
 


I guess Germany population is in their rights to feel like been raped to help failing economies as member of the EU.

See the 2008 bailouts were nothing but a big money grab for those on the elite groups to rescue what they lost at the expenses of their countries.

Borrowing was easy, running deficits was easy, now is not money and no way to pay back.

I am sorry but why financially stable nations have to forward money for those that have no fiscal responsibility and no means ot repay is beyond me



posted on May, 11 2010 @ 02:10 PM
link   
Gold 1231.50 Euro 1.26.90 and Pound 1.4950
Dow 10755



posted on May, 11 2010 @ 02:13 PM
link   
reply to post by worldwatcher
 
Beautiful day eh?

This could get ugly fast...

I smell FEAR!

finviz.com...
finviz.com...
finviz.com...



posted on May, 11 2010 @ 02:38 PM
link   
reply to post by marg6043
 


It's a complex issue, Marg, but here are a few pointers:

* the issue divides the nation

* simply put, the average 'man in the street' is not against membership of the European Union, but resents a) the encroachment of European law on national law, b) the rampant corruption of the institution, c) the destruction of UK fisheries by non-UK fleets, d) the outrageous subsidies paid to French farmers, etc. — and does not want the UK to join the Euro.

* the Liberal Democrats (new boys on the block) are 100% pro-Europe, the Labour party is 95% pro-Europe, and the Conservative party is 80-90% Eurosceptic

* some within the Conservative party (-who by the morning will be in power-) regard the European Union as a socialist trojan horse (-a view epitomised by Margaret Thatcher, which waned after her political demise, but which has revived considerably in recent times)

* over the last decade a new political force has emerged in the UK whose sole aim is withdrawal from the European Union —The UK Independence Party (UKIP)—, and in the 2009 EU election it gained 16.5% of the UK vote coming second, and gaining as many seats as the Labour Party(!) stats in brief

* now consider this: in the latest UK national election the UK Independence Party gained 918,000 votes, though under the present electoral system they still got 0 seats (whilst the Welsh nationalist party, Plaid Cymru, got 3 seats with just 165,000 votes!) UK election stats

* in the light of the growing popularity of UKIP, the Conservative Party, including Prime-Minister-to-be David Cameron, has said it intends to claw back powers handed over to Europe by the Labour Party (socialist) that has been in power over the last decade

*watch this space

...and look out for signs of European leaders green with envy at the comparative stability of the UK economy, and the prospects for its national currency in the medium to long term.





[edit to add:]

The deal is done. The UK has a new PM. (Have your say on this news)



[edit on 11/5/10 by pause4thought]



posted on May, 11 2010 @ 04:17 PM
link   
reply to post by Hx3_1963
 


Tomorrow could get very nasty, It will be interesting to see what a.m. futures are look like. Highs in gold and a surging dollar index do not bode well. How much hoarding of cash and gold will it take to collapse the system? Vix should be up tomorrow. How do I know? I flipped a quarter. As good of a economic indicator as any.



posted on May, 11 2010 @ 04:21 PM
link   
reply to post by Hx3_1963
 


overnight will be interesting.. Euro is going to be volitile tonight
126.40's now



new topics

top topics



 
189
<< 642  643  644    646  647  648 >>

log in

join