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

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posted on Jul, 8 2010 @ 01:29 PM
The IMF already telling Obama what they are going to force down the throat of the US once they take over.

IMF calls for deficit cuts in US

The IMF said Thursday that in addition to cutting government spending, the Obama administration will have to consider raising taxes to get the U.S. deficit down to a manageable level.

The IMF proposed a range of possible tax increases which would be certain to generate huge political opposition from reducing the popular tax deduction for home mortgages to instituting a national sales tax.

It put forward a range of proposals from trimming the mortgage interest deduction to imposing higher taxes on energy or implementing a national sales tax saying the problems would grow in the future as the baby boomers make greater demands on Social Security and Medicare.

Political opposition? Like they care about that.

Raising taxes... Obama is already doing it.
Cutting government spending...only cutting government spending on the people, like exposed in the 2010 budget, most of the cuts were to help poor people and children, everything that was up was for police state or war. And of course they are going to ``ration health care``...
Reducing tax deduction for home mortgages... already done.
Instituting a national sales tax... already talked about in congress...VAT tax..
Taxes on energy...Carbon taxes.

Once the IMF takes over, they'll say on all MSM that it's either that or total bankruptcy, Armageddon, ect... and the sheeple will believe it.

Or maybe they won't even have to take over since Obama/Bush/2012/2016 presidents will do it for them...since they are already doing most of it.

posted on Jul, 8 2010 @ 02:47 PM
reply to post by pause4thought

I forgot about our sword fight we had.

Also, you are entitled to an opinion as a person and mine isn't better than anyone elses. touché

posted on Jul, 8 2010 @ 02:59 PM
reply to post by GreenBicMan

OK, GBM. Don't feel inhibited when it comes to expressing your views. Just let's have the reasons so we can debate it properly.


reply to post by Vitchilo

Interesting post, once again.

But isn't austerity what's needed?

posted on Jul, 8 2010 @ 03:27 PM

But isn't austerity what's needed?

Austerity AND stimulus at the same time.

Real stimulus... like unemployment expansion... helping SMALL BUSINESSES...stop taxing poor people/middle class... no carbon taxes...legalise marijuana, tax it...

Wasteful spending should stop. Obama should withdraw the troops from Iraq and Afghanistan, Europe and South/Central America/Asia/Middle-east.... Enough with the wars. End the war on drugs.

Break up the big banks... for real. That alone would save hundreds of billions every year.

But eh, no way in hell that'll ever happen.

[edit on 8-7-2010 by Vitchilo]

posted on Jul, 8 2010 @ 03:37 PM
reply to post by Vitchilo

Now that's what I call radical.

Not sure about the marijuana, though. Seems to me the sheeple are asleep enough as it is...

posted on Jul, 8 2010 @ 04:50 PM
I know, but do you prefer drugs gangs in Mexico, people having their life over because of weed, people being killed because of it by the cops and the drug cartels, ect...

And IT IS A FACT that if it is legalized, consumption will go down. As proven by Spain legalization of it or the alcohol prohibition or any prohibition for that matter.

Once an illegal product is made legal, consumption goes down, EVERY SINGLE TIME.

It's just WIN WIN WIN all the way. Not to mention it would create a new industry, the hemp industry, you could do biodiesel, clothes, paper, ect...

Of course the pharma industry, paper industry and oil industry would take a hit, but SCREW THEM. They've screwed the american people and the world long enough.

[URL=]Consumer credit decreased at an annual rate of 4-1/2 percent in May 2010. Revolving credit decreased at an annual rate of 10-1/2 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent.

Credit going down = economy going down.

[edit on 8-7-2010 by Vitchilo]

posted on Jul, 8 2010 @ 04:53 PM
reply to post by Vitchilo

I don't think 'weed' has been legalised in Spain...?

Are you sure??? It is tolerated in the Netherlands / Holland but thats about it I think !!

PurpleDOG UK

posted on Jul, 8 2010 @ 11:33 PM
reply to post by PurpleDog UK

It's not legalized, it's decriminalized.

And I won't find the article now, but from what I've read, since they've decriminalized it, usage dropped something like 30%...

So in fact, letting it illegal is ``stoning`` a lot more people... for the benefit of the elite.

In other news, they seem to have lots of fun in Oakland tonight!

[edit on 8-7-2010 by Vitchilo]

posted on Jul, 9 2010 @ 11:05 AM
Some good old insanity...

My suggestion would have been to take all $3.6 trillion and declare a federal tax holiday for 18 months. No income tax, no corporate profits tax, no capital gains tax, no estate tax, no payroll tax (FICA) either employee or employer, no Medicare or Medicaid taxes, no federal excise taxes, no tariffs, no federal taxes at all, which would have reduced federal revenues by $2.4 trillion annually. Can you imagine where employment would be today? How does a 2.5% unemployment rate sound?

I mean... seriously? No federal income tax at all NOW? What do you think would happen to the bond markets? Armageddon is what would happen. You would see interest rates on bonds go skyrocketing... interest on the debt would kill any recovery this program might bring. Not to mention all the medicare, medicaid, government employees need to continue to be paid... and that is trillions of dollars that would be added to the debt immediately. Not to mention the world would probably dump the US dollar as the reserve currency in a minute.

Not to mention with all the surplus money, it would create a bubble, and the next year when the taxes go back, all those jobs created on false credit disappear... ect... house prices crash...ect... yeah great idea...

Please someone fire that lunatic before someone listen to him and cause Armageddon.

[edit on 9-7-2010 by Vitchilo]

posted on Jul, 9 2010 @ 12:40 PM
Small businesses are dying again...

Jobs outlook for small businesses may be getting bleaker

A payroll services firm says employers with no more than 19 workers made fewer hires in July than in any month since October. Those companies usually drive the unemployment rate down.

For the recovery to gain steam, most economists believe small businesses need to be strong enough to hire new workers. But according to one measure, the employment picture in this sector is weakening.

Intuit Inc., which provides payroll services for small employers, says the nation's tiniest companies had fewer new hires last month than any time since October.

The data are further evidence of a trend that has had many economists worried for months and intensifies concerns that smaller firms may not be robust enough to help lead the country out of its financial slump. The slowdown in hiring is particularly troublesome, experts say, because small businesses typically hire first during a recovery. A reluctance by little companies to add positions could mean that the big firms, which typically lag behind, will add jobs even more gradually.

While Obama says that kind of lies...
U.S. President Barack Obama told a Missouri audience Thursday his administration has acted to keep the country out of a "second Great Depression."
Yeah sure Obama. SURE.

posted on Jul, 9 2010 @ 12:48 PM
reply to post by Vitchilo

Think about this.

When we sent out those (you didn't get obviously) those tax refunds a couple years ago to everyone, the stimulus monies. How much of that do you think went straight back into the economy?

From the poorest (all) -> richest (none). So, my thinking is we will get the money either way. It is a huge merry-go-round that leads right back only to a couple things.

1) Congress regulation was too lax for too long

2) Americans spend 10x over their means all the time

In your linked situation I am sure equity markets would go up. This would probably be the new reality that bond markets would adjust for, but could be tolerated because the interest would not matter much as we are most likely getting it all right back. It is all still a fake reality though, because we will still have my problems (1 & 2 from above) to contend with. You would also probably have some pretty high demand for long term treasuries with a high yield.

What was the 30 year t-bond in the 80's? Whatever it was I am sure would be gladly taken now by anyone.
Almost 15% yield?

posted on Jul, 9 2010 @ 12:52 PM
They should test it with California first then and see how it goes. If it fails, then that's it.

Anyway I would totally be against doing it... IMO it's insanity.

posted on Jul, 10 2010 @ 05:51 AM
Next week should be interesting because according to the technicals we are at a crossroads. The markets have bounced and so next week will decide if it will go higher and break through major resistance or come crashing back down and go much lower. IMO I don't think the bulls have enough momentum as the volume has been dropping off these past few days. Also there's the nasty head and shoulders formation that has just been made on the weekly.
Let's wait and see.

posted on Jul, 10 2010 @ 10:16 AM

new york state spending $15.6 million an hour...

posted on Jul, 10 2010 @ 10:59 AM
reply to post by SpaceMonkeys

personally... i think its' 'deeper' than just daily trends...

...after nothing was fixed with the vast financial structures but much money
was spent.

*** If only the USGovt had decided to address the problems instead of funding
the myriad liquidity facilities, which by the way serve as a virtual banking system.

***If only the USGovt had decided to address the problems instead of funding
the US Federal Reserve equity reserves, as in excess bank reserve lures.

***If only the USGovt had decided to address the problems instead of funding
the bank preferred stock and bank executive bonuses.

***If only the USGovt had decided to address the fundamental need for capital
formation toward job growth instead of simple extensions of jobless benefits.

***If only the USGovt had decided to address the dire need to liquidate impaired
assets instead of warehousing them, which has produced a form of constipation
within the bank system loan processing.

***If only the USGovt had decided to address the cancerous large corporations
too big to fail that must be permitted a funeral, instead of letting them
continue to control vital government finance ministries.

***If only the USGovt had decided to address one of the root causes of USEconomic
deterioration, namely endless war, so that more funds would be available for
that essential capital formation and job growth, not to mention
state budget plugs, as the 50 states suffer from massive capital drain through
taxation re-routed to the federal level.


Jim Willy i admire more than Mr Schiff, but Schiff is the one running
for public office as we speak...

drink in this Willy essay,and convince yourself that the markets and the
financial system is a whole, hale & healthy, system to take us common folk
into the next 2 presidential cycles

thanks for listening...

posted on Jul, 10 2010 @ 12:04 PM
FDIC friday...this week 4 banks...

Total cost to FDIC...159.9 big deal.

posted on Jul, 10 2010 @ 01:02 PM
reply to post by SpaceMonkeys

If you have been paying attn. the past 12 months volume hasn't meant anything.

But this makes sense if you think about it logically as all bull runs are charachterized by large skeptisism on the way up. This means more institutional volume and less retail volume.

Moral of the story is volume doesn't mean anything unless you are looking at capitulation or looking at delta bid/ask volume on sub second tick charts. Here, even this to me is still quite sketchy and I consider it chasing a dream. I hate volume indicators.

I have talked to so many people about it. I am still all ears to someone that can come up with a system that includes volume. I will program it for you and if the results are good then you are a statistical genius (not you, but anyone). If anyone remembers my conversations with member "Stander", this is what I am referencing.

posted on Jul, 10 2010 @ 01:13 PM

Originally posted by GreenBicMan
reply to post by SpaceMonkeys

If you have been paying attn. the past 12 months volume hasn't meant anything.

actually here is the underlying theme that is driving the volume and volitality.... 9of course one has to discern the factual truth which is contained in the info provided [refer to my above hyper-link, 2 posts prior]

... A queer statistic has emerged that underscores the perversion that is Wall Street and the stock market.
High Frequency Trading has not gone away.
A couple months ago, when it was exposed during a single day swoon event, such trading was responsible for 83% of the entire New York Stock Exchange trade volume.
Somehow the word 'Incest' comes to mind as the bank cartel
competes toward a liquidity climax with fewer able bodied players remaining each year.
A liquidity analysis by Abel-Noser indicates that the US stock market has morphed into a concentrated pool where the top 99 stocks account for 50.1% of total domestic trading volume. In June, the top 20 stocks accounted for 28.9% of all domestic volume, an increase to record level logged each month.
The HFT algorithms are forced methodically in a reduced number of only the most liquid stocks. The game actually results in gradual removal of players from the market.

The US stock market could eventually degrade into an arena without volume.

rigged, casino market for the HFTcrowd...which may include a possible few Big Funds & managers (as i wrote about 2 pages prior)

main street is orphaned from the casino in equities AND commodities...
vulture capitalism is run rampant with the seeming blessing of the paid for congress!

posted on Jul, 10 2010 @ 01:26 PM
reply to post by St Udio

OK, well you might be able to swing that for equities sake. But this certainly is not the case in futures contracts.

I think a lot of what you are talking about as well has to do with the new "make-up" of what is getting traded. ETF's are dominating everything, and if you have seen all these commercials about 0 commission ETF's trades and all that..well it makes sense to go after the most liquid.

In reality, the exchanges are just looking for more money - which HFT provides, and then they cater to HFT bc of this.

There are only a few shops that are good at this btw. Most -> 85% of all of this remember are just LIQUIDITY PROVIDERS. They ALSO have to PAY TO REMOVE LIQUIDITY. So, while not everything is most likely "clean" I would say that is seriously the least of the economies worries at this point.

This whole last 12-20 months or whatever it has been now has been 100% characterized with my description above. There has never been anymore naysayers to start a bull run most likely ever in history. It was just that institutions don't think like normal players and their jaw probably dropped when they could snatch IBM sub $80 and GS for a 3:1 discount. This is how the long term game is played. Then these guys just sold back all the shares to everyone else once the retail crowd settled down.

For the next x amount of years the "public" will still be skeptical. This is great because this is less competition for the smarter players. But nothing is ever easy, and that may be a very broad generalization.

posted on Jul, 10 2010 @ 04:36 PM
Don't trust the "small surge" in the markets of the last few days is nothing than a "hoax" nothing but pre-mid term elections hopes and dreams to lure the populace into a false sense of well being even if the job numbers show that main stream America is still in the gutter and not getting any better.

I see the trend toward better markets to last until November, then the crap will hit the fan again.

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