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

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posted on May, 28 2010 @ 06:56 AM
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reply to post by Vitchilo
 


Doesn't Dubai have OIL
no to worry they can pay in installments of oil barrels for years to come.


But then again they have been gambling with their oil for years


The Dubai Government owns and initiates most projects and developments in Dubai. They also own most of the bigger industry drivers such as banks, real estate developers, mortgage and insurance companies, the list can go on forever.


So Dubai use their oil for collateral and now they have more bills than oil to back it up.



Dubai has some oil resources that it extracts, refines and sells to other countries. When a barrel is sold to a seller, the seller typically remits payments when the sale is made. The price of oil had reached a historical high in early 2008 (i.e. gas was over almost $5 per gallon in the USA for the first time in history).

Greed crept in and the Dubai Government started to borrow money from others to rapidly fund projects and developments. Communities, businesses, buildings were cropping up every single day. Dubai gambled on the fact that it could pay off those loans with the historical high oil revenues coming in.


Greed has gotten the best of Dubai and the super rich and wealthy paradise is now indebted


Thats what happen when a nation get too much in so littler time.

It got to their .s, (I mean the fumes from oil wealth)


www.dubai-information-site.com...

The thing is that they knew that trouble was brewing since 2008


I guess they know is some powerful countries with fools for citizens that will come to their rescue, you know nations like the US that since the global crisis is been missing some billions and trillions of unaccounted tax payer money that started with Bush




posted on May, 28 2010 @ 07:04 AM
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GDP Growth Revised Lower

does anybody trust GDP anymore coming from the mouth of a liars in this nations government statistics?

I don't


Despite optimism from economists and government officials, gross domestic product grew at a less than expected rate in the first three months of the year, according to data released Thursday by the U.S. Commerce Department.

According to the report, gross domestic product grew at a revised annual rate of 3.0 percent in the first quarter of the year. That is lower than the 3.2 percent the Commerce Department had predicted last month and worse than the 3.4 percent GDP growth economists had forecast.

The first quarter economic growth is anemic compared with the final quarter of last year when the economy grew at a rate of 5.6 percent.

The lower-than-expected GDP growth can be at least partially attributed to higher imports and lower consumer spending.


www.economyincrisis.org...

The thing is that America Depends on spending for GDP growth, but America is now unemployed and and those with employment are making less, so what people are doing again getting into credit card debt to finance spending, so the debt personal debt keeps growing so the government can claim growth



posted on May, 28 2010 @ 08:18 AM
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So, they didn't stop the leak...
Web Bot predicts oil volcano will leak for years and bring doom.
We'll see.
But chances for this to occur are at least 50-50.

Two more days till we get another clue.

finance.yahoo.com...




BP won't know until Sunday if pumping heavy mud into a blown-out well on the seafloor is successful in stopping the massive Gulf of Mexico oil spill, it's chief executive said.


Meanwhile, bulls are feeding bears



posted on May, 28 2010 @ 09:04 AM
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reply to post by DangerDeath
 


We are in track for biggest month lost so far so nothing to see here, I guess the bailouts are just good for one week at a time or less.



time to bailout the union workers now, because the generous unemployment benefits are about to end.



posted on May, 28 2010 @ 11:01 AM
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Originally posted by marg6043
reply to post by DangerDeath
 


We are in track for biggest month lost so far so nothing to see here, I guess the bailouts are just good for one week at a time or less.



time to bailout the union workers now, because the generous unemployment benefits are about to end.


Maybe they should be sent to guard the border?



posted on May, 28 2010 @ 11:04 AM
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reply to post by DangerDeath
 


More news, it seems that the off shore drilling offset will be follow by a stop to all offshore deep sea drilling.

So oil will have a downfall of about 20% lost because of this.

Well this will not go good for all those oversea drilling in the US. . .

Let thanks BP blunder for it.



posted on May, 28 2010 @ 11:56 AM
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Stocks slide as Fitch cut Spains debt ratings to AA+

www.marketwatch.com...



posted on May, 28 2010 @ 01:13 PM
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www.reuters.com...
Bankruptcy talk spreads among Calif. municipal officials

www.reuters.com...
Dow falls over 1 percent after Spain downgrade

Currently:
Dow 10,118.72 -140.27 (-1.37%)
S&P 500 1,086.96 -16.10 (-1.46%)
Nasdaq 2,245.52 -32.16 (-1.41%)

www.reuters.com...
House approves $79 billion stimulus bill



posted on May, 28 2010 @ 01:28 PM
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reply to post by TheCoffinman
 


Stimulus bill right? you mean a bailout for the union workers in the nation many of them making from 100 thousand to 200 thousand a year specially in California.



posted on May, 28 2010 @ 01:35 PM
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reply to post by marg6043
 


No Dubai does not have oil, It's Abu Dhabi. Dubai relays on investments and tourism and as I recall Dubai were in debt before and Abu Dhabi bailed them out. They were forced to rename Burj Dubai to Burj Khalifa after the bailout.



posted on May, 28 2010 @ 01:36 PM
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Originally posted by xstealth
Now the stock market dropped below 10k, we are on the brink of a major war, Europe is bankrupt, and the stock market decides to rebound today.

This market is rigged, there is no logical reason for a market rebound of 200 points today.


The one army bandit needs to pay out just now and then else everyone would leave the casino.

it's funney to see the excuses like Europe goes down because concerns about the USA and then the USA goes down because of concerns about europe!


They are doing this to keep money swilling around so they take a cut each time.

i'm sticking with Euros and silver for now because we are all .ing for the amro @ 50c to the $



posted on May, 28 2010 @ 01:51 PM
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Originally posted by sallamy
reply to post by marg6043
 


No Dubai does not have oil, It's Abu Dhabi. Dubai relays on investments and tourism and as I recall Dubai were in debt before and Abu Dhabi bailed them out. They were forced to rename Burj Dubai to Burj Khalifa after the bailout.


Yes Dubai does have oil... it is battling declining production from its mature oilfields. Output stands at around 50,000 to 70,000 bpd, down from a peak over 400,000 bpd in 1991. It has a new discovery which will produce approx 10 000 BPD. So you see although not a lot, Dubai does have oil.

PEACE,
RK



posted on May, 28 2010 @ 02:38 PM
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man, the DOW refuses to go below 10,000, it always finds a way to stay above it.



posted on May, 28 2010 @ 03:02 PM
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Originally posted by TheCoffinman
man, the DOW refuses to go below 10,000, it always finds a way to stay above it.


This demonstrates the danger of unbalanced positive thinking. The whole market is looking like it has a chance.... and then.... BLAM!!!

The news is getting real fishy. The whole oil leak thing is a farce. It is exaggerated. Oil leaks out of the Earth every minute every day and nobody complains about it. The news coverage is a charade. The European problems are engineered. The Jamaica drug lords are real. Real proof that the world is chaotic and requires conspiracy to maintain any semblance of order. Hot summer days tend to stupify people and make them lazy and ineffective. The Bible says so. God is helping his people, and the rest of the human pets are simply dumb beasts.



posted on May, 28 2010 @ 03:05 PM
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Originally posted by TheCoffinman
man, the DOW refuses to go below 10,000, it always finds a way to stay above it.


It is totally fixed, i would not bother with it, why do you guys.



posted on May, 28 2010 @ 03:07 PM
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reply to post by andy1033
 


i dont, i simply track the signs and events of the coming greatest depression... i dont have any money



posted on May, 28 2010 @ 03:36 PM
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Originally posted by andy1033

Originally posted by TheCoffinman
man, the DOW refuses to go below 10,000, it always finds a way to stay above it.


It is totally fixed, i would not bother with it, why do you guys.


Money.

The whole game is rigged around money. We don't hunt. We don't gather. We do stuff for money. There is no new world order coming. It is already here. It has been here for thousands of years. The NWO talk is a charade.

We do it for money.



posted on May, 28 2010 @ 04:12 PM
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Yeah Dubai have oil...except this is supposed to run out in about 10 years...so that's why they are making all those big construction projects...to attract tourism.

Recovery?

Stocks cut losses but finished in the red Friday, ending a dismal month that saw the Dow Jones industrials suffer their worst May in 70 years, after a downgrade of Spain's debt reminded investors that Europe's economic woes continue.

WORST MAY IN 70 YEARS!



posted on May, 28 2010 @ 04:55 PM
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3 banks so far this week...

Total cost of 203 million...nothing much. And last week it was only one bank at the cost of 6 million...

And now when the ``financial reform`` BS bill passes the house, more little banks will fail, and more big banks will take over. Nice uh?



posted on May, 28 2010 @ 05:12 PM
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OK guys, US Army up to DEFCON 2 (penultimate setting to war/attack) re: Korea...China appears to side with N Korea, and also appears to hold up Europe and USA economies via debt / bonds...but also tied up into the $...

So my question is this, assuming there may be an aversion of, or gap between a war starting and an all out MAD type WW III, what do you think might happen to the world economy and these key relationships, are we looking at China continuing it's current positions whilst simultaneously waring against the USA?

All seems very odd, not just scary, odd, or am I the only one?




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