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

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posted on Jul, 1 2010 @ 10:36 PM
The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law -- $7.25 an hour for most state workers.
Some people are gonna have a hard time paying their mortgage...

What about helping the economy by securing the border?

Breaking News: 21 Killed in Shootout Between Mexican Gangs Near U.S. Border

But of course Obama said earlier today that border security is ``un-enforceable``... talk about treason. The border is ``too long``...

Yeah let's just not do it, it's too much work. Let's not fight cancer, it's a waste of time, let's not make compromises, after all this marriage is set to fail... let the nazis win, after all, they've been kicking our ass for 3 years now... ect...

Shame on you Obama.

[edit on 1-7-2010 by Vitchilo]

posted on Jul, 2 2010 @ 03:39 AM

Originally posted by SpaceMonkeys
A very interesting edition of the Vulcan Report today. He thinks something strange is going on in the markets and something is definately not right. See for yourself.

IMHO... the 'something is not right' feeling the Vulcan Report speaker is opining about is related to the Gulf of Mexico well gusher...

the market manipulators are privvy to more inside info that whats being spoon fed to the public & thats the reasoning behind the across the board downturn of values of all equities & commodities excepting the 'grains' futures...(think hurricane season & toxic rains on crops)

the perpetual shakedown in gold/silver prices is an orchestrated model to screw the unwary into hasty sales of their positions, inasmuch the gold ETFs are very soon to be seen as fraudulent markets.

thanks for the 'FVulcan' link, i will view more of this man's input and possibly join in as a following member

* for you

posted on Jul, 2 2010 @ 03:26 PM
Well I'm surprised there hasn't been more chatter today. The week closed at 9686.48 on the DOW. This is the lowest end of week close since last October. I think this marks the beginning of a large downturn for the unforeseeable future in U.S. markets.

posted on Jul, 2 2010 @ 05:24 PM
reply to post by unityemissions

You make a good point. (But I think there's a lot of 'bad news fatigue'.)

Is it just me, or is the 3-month chart trying to tell us something?-


posted on Jul, 2 2010 @ 06:41 PM
reply to post by pause4thought

Last time we touched 9800 and we shot back up 10500+ I was certain that there was never going to be a time when they let the most famous indicator sit below 10k. Certain of it. If anything, the 3 months graph displays the impossibilities of holding our economy above water, that regardless of efforts we are in this thing for the long haul.

Swinging volatility is a could precursor for a major economic event, it very well could point to another crash coming this fall.

But not yet, I still don't see the DOW sitting below 10k for too long.. unless we see another run on investment accounts, next week we will be inundated with good news and the index will shoot towards 10200.

posted on Jul, 2 2010 @ 08:43 PM

A study by Moody’s outlines that a BP bankruptcy would impair 117 Collateralized Synthetic Obligations (CSOs), which would lead to pervasive losses by a broad range of holders. The 117 effected is a startling 18% of the total CSOs outstanding, which is an indication of the scope and impact of BP financing globally. For those that remember the 2008 financial debacle, you will recall its epicenter was the collapse of Collateralized Debt Obligations (CDO) associated with mortgages and Credit Default Swaps (CDS) of financial companies impacted. CSOs are even more leveraged and toxic.

BP will likely go broke behind this debacle in the Gulf. Which in turn sets off a derivatives cascade reminiscent of the last round, as well as the liquidity loss from a major energy player.

Surely they'll try to find a way to put it off on the taxpayer, but I think we all know that they've already pushed that about as far as it can go.
Pushing it further will bring an even bigger loss of faith in fiat currency. Which is what always proceeds a hyperinflationary event.

posted on Jul, 2 2010 @ 09:28 PM
reply to post by HimWhoHathAnEar

At this rate, they are indeed bound for bankruptcy.. however, it should be pointed out that they are NOT obligated to actually pay for the clean up... I believe there is a cap of $20million dollars that they would be forced to pay, however there is no Federal Law that would be able to force BP to pay. So far the $20 billion allocated to the clean up was a gesture to the Gov to allow BP to continue operations, and so that in the future it could acquire future contracts.

I am unsure if the UK Government would ever allow BP to declare bankruptcy.. the sheer volume of the UK Economy and individuals that are tied to BP, their largest corporation, is mind boggling .... a BP Bankruptcy would destroy the largest UK Pension plans for starters, and destroy the UK's largest tax source (single source).

I believe the UK would force BP to demand the US Government pay the costs in efforts to save the UK economy.. and I believe if such a conundrum were to happen, as a last resort, the US would have no choice but to agree, letting BP off the hook and salvaging a major economic blow to BP, the UK, and inadvertently the entire Western economy.

posted on Jul, 2 2010 @ 09:57 PM
reply to post by Rockpuck

Exactly what I meant when I said that they would attempt to foist it on taxpayers. But as I also said, that game's about run its course.

Also, a Chapter 11 reorganization wouldn't necessarily mean the end of the company, but would cause a default on the derivatives. Which is the other side of the coin, considering the hundreds of Trillions of interlocking 'insurance' vehicles out there. Take a look at the article if you haven't already, I don't think you'll be disappointed.

posted on Jul, 2 2010 @ 10:11 PM
reply to post by HimWhoHathAnEar

Won't destroy the company for sure.. it'll just crush the "small guy investor" .. the workers who got Common Shares as part of their compensation, the millions of Uk and American citizens who's pensions are in some way related to BP, municipalities especially in the UK ..

Kinda like GM eh?

I think though that the only way that would happen is if the "relief" wells fail...

If that happens then I think the worst case scenarios would unfold.. hopefully they work though, it's gone on long enough.

posted on Jul, 3 2010 @ 05:24 AM
Inventing new taxes makes people happy, so have I noticed.
Gov happily announces they have found another way to tax citizens and citizens are all happy because Gov has finally found a way to take them outa crisis.


And guess what, iApple has found a way to increase the strength of its antennae


And Kibble is now going to cost a little less than 500 bucks.

All good news!

We can now read ebooks cheaper

God, what would I do without these emoticons

posted on Jul, 3 2010 @ 10:32 AM

Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage.

The report, which cut the acreage for corn planting this year by 1 million from the 88 million projected on March 31, left traders using terms such as "game-changer" and "shocking." ates

This ties in with an article I posted like a hundred pages or so ago that was saying how USDA was overstating crop size to keep inflation down.

Ah, here it is:

posted on Jul, 3 2010 @ 10:44 AM
Global Elites Struggle to Keep EU, Euro Intact

In a glass skyscraper in Paris, a Bilderberg-connected banker named Jean-Claude Trichet and his 16,000 employees are struggling to save the euro and promote the “amero.” The European Central Bank is under heavy pressure to save the euro. So Trichet’s bank is buying billions of euros worth of government bonds in an effort to stabilize markets. But this has generated new tensions as Germany objects, saying it is a violation of the central bank’s rules. Unlike Ben Bernanke’s Federal Reserve, the European Central Bank must strictly monitor inflation and is limited in the amount of euros it can loan into circulation.

As the economy fizzled further, Trichet decided that the goal of European unity was more important than the law and presented a compromise: They would buy bonds on the open market, not directly from governments, ducking the prohibition on funding government debt. At the same time, they would take other steps to avoid increasing the money supply to ease inflationary pressures.
In Toronto, Bilderberg-linked participants strongly supported Trichet’s money plan. “It’s the only way to save the euro, and without the euro, the European Union falls apart and the American Union never comes into existence” said one, echoing the agony expressed at Bilderberg’s meeting in Spain. “We can’t let that happen, ever.”

“Euro-area governments have effectively thrown away the rule book,” moaned Volker Wieland, an economist at Goethe University Frankfurt. “It’s a complete regime change. No bailouts and individual fiscal responsibility have been replaced with mutual guarantees” for government debt.

Bilderberg also is reportedly supporting strong international regulations on banks, as a step toward creating a world treasury department, which gained much approval in Toronto.

More globalism driven policies from the elite. What a surprise...NOT.

I hope the Euro dies anyway. LET'S GO TRADERS! CRASH THE EURO!!!

posted on Jul, 3 2010 @ 11:00 AM
reply to post by pause4thought

So why don't you guy's just open a window with, or one of the other financial sites. It's all there, all live.

posted on Jul, 3 2010 @ 01:52 PM
reply to post by astrogolf

You're joking right? Those sites have been some the biggest spewers of propaganda all through the so called 'recovery'. This thread has pointed out the reality of the situation all along.

The MSM will only tell you somethings happened AFTER you've been hosed.

posted on Jul, 3 2010 @ 06:57 PM
reply to post by HimWhoHathAnEar

He obviously read the opening post and thats it.

Theres more information on a single page of this thread than all the msm sites combined.

posted on Jul, 3 2010 @ 07:39 PM
reply to post by Rockpuck

It will only affect the ventures in the gulf and anything that is linked to it, that is how big companies like BP (number 4 in the world) can do the blunders the do, pay out fines and law sues and keep on thriving.

Remember all that they have ventures all over the world and most of Alaska.

posted on Jul, 3 2010 @ 11:00 PM
Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole

Yeah recovery there eh astrogolf?

The three biggest lies about the economy

Myth 1: Unemployment is below 10%
Myth 2: The markets are panicking about the deficit
Myth 3: The U.S. is sliding into "socialism"

Myth 2, like they say, is distorted. Myth 3 is just utter BS, it's not socialism, it's FASCISM, well that's what Mussolini called it when he described government taking the money of the people to give it to corporations...

[edit on 4-7-2010 by Vitchilo]

posted on Jul, 4 2010 @ 02:21 AM
Second round of presidential election in Poland

The euro septic... anti-EU candidate could win... that would be EPIC WIN.... let's hope he wins...

Austerity coming in the UK.
The Treasury has told most government departments to prepare "illustrative plans" to cut spending by 40% - as well as the expected 25% - within the month.

Of course the unions are pissed. And the Keynesians are going nuts.

[edit on 4-7-2010 by Vitchilo]

posted on Jul, 4 2010 @ 08:23 AM
reply to post by Vitchilo

And the US just keep passing the burden of the nations debt along with those of corporations onto the future citizens of the nation, I expect more debt mandates heading our way, no necessarily direct increases in taxes but more legislation in the name of "programs" to tag the taxes and make it look like is just that new programs that need "the public" generosity, to help the nation.

posted on Jul, 4 2010 @ 10:28 AM

And more anti-confidence propaganda from the NYT... they DEFINITELY received the word from above to start the anti-economy propaganda.

DOW below 1,000

I don't disagree but come on now. Why the sudden change in propaganda? From all is rainbow and puppies to the end is nigh?

House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’

Last night, as part of a procedural vote on the emergency war supplemental bill, House Democrats attached a document that “deemed as passed” a non-existent $1.12 trillion budget. The execution of the “deeming” document allows Democrats to start spending money for Fiscal Year 2011 without the pesky constraints of a budget.

The procedural vote passed 215-210 with no Republicans voting in favor and 38 Democrats crossing the aisle to vote against deeming the faux budget resolution passed.

Never before -- since the creation of the Congressional budget process -- has the House failed to pass a budget, failed to propose a budget then deemed the non-existent budget as passed as a means to avoid a direct, recorded vote on a budget, but still allow Congress to spend taxpayer money.

House Budget Committee Ranking Member Paul Ryan (R-Wisc.) warned this was the green light for Democrats to continue their out-of-control spending virtually unchecked.

This is outrageous. And again, they pass this kind of thing while everyone is on holiday... like they passed cap and trade in the house... like they passed the bank bailout... ect...

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