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

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posted on Oct, 9 2011 @ 11:44 AM
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Another can-kicking it seems...Merkozy together agreed today to work on a "Package" to solve the Debt-Crisis permanently,which will be presented on the G20 summit early November...Have to wait for an Article,since the News here didn´t show the full Press-Conference,so i didn´t get all of what was said.

Sarkozy didn´t look very happy though


Edit: And here with more Details:

Merkozy Reach Yet Another "Agreement", Adding "It Is Too Early To Enter Into Details"


No, the day is not August 7, 2011 when we had the first joint Merkozy statement attempting to prevent the latest and greatest round of the global financial crisis with nothing but pure rhetoric, in which however the word Dexia was strangely missing. The day is October 9, and yet we get another statement from the two, this time far more desperate. From Reuters: "We are very conscious that France and Germany have a particular responsibility for stabilizing the euro," Sarkozy said at a joint news conference with Chancellor Angela Merkel in Berlin. "We need to deliver a response that is sustainable and comprehensive. We have decided to provide this response by the end of the month because Europe must solve its problems by the G20 summit in Cannes." And the kicker: Merkozy "suggested that their proposals would include a plan for recapitalizing European banks, accelerating economic coordination in the euro zone and dealing with Greece's debt problems." In other words fix absolutely everything. But the punchline remains the same as always: Sarzkoy "added saying it was too early to enter into details." Ah yes, those ever elusive details, which nobody can ever provide, because, THEY SIMPLY DON'T EXIST, at least not in a universe in which 2 + 2 is still 4.

Yes, much to Europe's chagrin, a plan that in one swoop "recapitalizes European banks, accelerates economic coordination in the euro zone and deals with Greece's debt problems" which at the same time returns peace and prosperity, keeps the locals happy, and throws in the kitchen sink, sounds truly great on paper, but merely confirms to the markets that the ruling oligarchy is now completely out of bullets and the best they can do is jawbone with ever loftier promises that can never be kept.


As i said earlier,can-kicking and promises,like always...

The Question now is: What will the Markets do?




edit on 9-10-2011 by Shenon because: added Link




posted on Oct, 9 2011 @ 05:35 PM
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This is from bloombergs news.
Rescuing Dexia has become critical to preventing contagion in the region’s banking industry. Dexia’s balance sheet, with total assets of about 518 billion euros at the end of June, is about the size of the entire banking system in Greece and larger than the combined assets of financial institutions bailed out in Ireland in the last 2 1/2 years.

It is by no means the whole cancer, but it is big and scarry. If that kind of problem becomes systemic
govenments will just have to let the system fall. too many banks, too mutch money owed and no one
will be able to get credit to save these giants because government debts are alread atcrazy levels.
time to start again, me thinks



posted on Oct, 9 2011 @ 05:39 PM
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The Central banks and their governments knows how to fix the problem, but the dirty bastards elite behind the debt do not want the fix to happen because it will erase on only the debt but their corrupted obtained dirty wealth
edit on 9-10-2011 by marg6043 because: (no reason given)



posted on Oct, 9 2011 @ 05:48 PM
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you might have overestimated their ability to stem this.
the've inflated this system too mutch now it will recoil like a bitch, because nobody
in there right minds would take on a bank when they are loaded with so mutch debt.
their better to sell of all the assets and let the hollow cases collapse in bad debt.



posted on Oct, 9 2011 @ 05:49 PM
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So, it's too early for them to enter into details


They will have them then written on the bullets...
That would be the proper timing.



Since banking system has failed, economy will find other ways. Don't know if this has much to do with markets the way they are. They should at least diminish in volume.
edit on 9-10-2011 by DangerDeath because: (no reason given)



posted on Oct, 9 2011 @ 05:52 PM
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Q: If you were in charge of a government in the eropean union how would you prepair for a collaps of the
eruro?
just thinking, these guys wont have a lot of option but to re-print old currency.
It would probably end the free trade movement as well, nobody can re-start a debt ridden ecconomy with
"free trade" undercutting local product.

edit on 9-10-2011 by wondera because: (no reason given)



posted on Oct, 9 2011 @ 06:25 PM
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Rise of the Planet of the Apes

Is that about revolution?

God knows what all those artificial viruses and genetic modifications can do to the people



posted on Oct, 9 2011 @ 07:11 PM
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reply to post by DangerDeath
 


The people will do just find, we have been living in this earth for a while now and survived just fine.

But the ones that are afraid are those that created their wealth under lies and deceptions using financial schemes.



posted on Oct, 9 2011 @ 07:23 PM
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This thread is like the energizer bunny. Was I supposed to read the first 770 pages?



posted on Oct, 9 2011 @ 09:00 PM
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reply to post by ludshed
 


No dear, just the last 20 just to be able to catch up with the latest markets schemes, deceptions, propaganda, lies and news.




posted on Oct, 9 2011 @ 09:23 PM
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Originally posted by ludshed
This thread is like the energizer bunny. Was I supposed to read the first 770 pages?


Well if you HAD read the 770 pages you would have read around page 420 that anyone who asks said question;



Was I supposed to read the first 770 pages?


must then in fact go and read those 770 pages.




posted on Oct, 10 2011 @ 02:54 AM
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European Mission Accomplished: Everyone Is Now Thoroughly Baffled With Bull#


Some time ago we suggested that in lieu of actual practicable solutions (and a promise to recapitalize several trillion worth of insolvent banks absent some magic money printing tree or gold coin defecating unicorn, is so stupid only the market ramping vacuum tube algos can believe, if only for a few hours), the only thing left for Europe's leaders is to baffle absolutely everyone with relentless bull#. Judging by the following Bloomberg news screencapture, they have now succeeded.


Sums it up pretty nicely...



posted on Oct, 10 2011 @ 03:40 AM
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Stocks today seem to start in a positive area
waiting for the consumer data for Oct and The Jobs data.



posted on Oct, 10 2011 @ 08:33 AM
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I wonder how much money were Markozy Dopplegaengers awarded for this

This whole situation reeks of "resurrection" magic being cast around for profit.

"Viagra" economy

edit on 10-10-2011 by DangerDeath because: (no reason given)



posted on Oct, 10 2011 @ 09:46 AM
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reply to post by Agent_USA_Supporter
 


Yes it will be positive as by CNBC but that is due to numbers in September still linked to back to school sales numbers that I am sure will be exploited to the max.



posted on Oct, 10 2011 @ 10:02 AM
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I found this article to be totally on point for today's rally;

Blame 'Faulty' Frontal Lobe Function for Undying Optimism in Face of Reality
www.sciencedaily.com...



ScienceDaily (Oct. 9, 2011) —
For some people, the glass is always half full. Even when a football fan's team has lost ten matches in a row, he might still be convinced his team can reverse its run of bad luck. So why, in the face of clear evidence to suggest to the contrary, do some people remain so optimistic about the future?

In a study published October 9 in Nature Neuroscience, researchers at the Wellcome Trust Centre for Neuroimaging at UCL (University College London) show that people who are very optimistic about the outcome of events tend to learn only from information that reinforces their rose-tinted view of the world. This is related to 'faulty' function of their frontal lobes.

People's predictions of the future are often unrealistically optimistic. A problem that has puzzled scientists for decades is why human optimism is so pervasive, when reality continuously confronts us with information that challenges these biased beliefs.

"Seeing the glass as half full rather than half empty can be a positive thing -- it can lower stress and anxiety and be good for our health and well-being," explains Dr Tali Sharot. "But it can also mean that we are less likely to take precautionary action, such as practising safe sex or saving for retirement. So why don't we learn from cautionary information?


On that note, RALLY ON!



We had Italy, Spain and banks in Portugal downgraded by all rating agencies, dexia -one of the biggest banks in Europe - down the river and in this time equities soared by 10-12% in 4 days...

reason is that two clueless european politicians meet to present a plan to act in november and a payroll number that beats the estimates by 40k !!?? Wow...

And 45k are returning strike employees who were NEVER fired.
edit on 10-10-2011 by MasterGemini because: (no reason given)



posted on Oct, 10 2011 @ 10:34 AM
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reply to post by MasterGemini
 


I guess we can apply here the motto, "We are masters of our future" or that was We are "masters of the universe"

, it is in the human make over to hope for better times and dream of the land of milk and honey.
I forgot the land of milk and honey is supposedly the middle east.
that is why US is up to their neck in there and still looking for it.



posted on Oct, 10 2011 @ 10:50 AM
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America the land of the growing working poor

While supposedly the recession has ended as by the media and government propaganda, the American household income has decreased an incredible, 9.5 percent in the two last years, now the propagandist will tell you that the economy is growing, what they don't tell you is that is growing for companies profits, this means decreased salaries, cuts in work force and outsourcing.

Yes the markets are booming for those that has nothing to do with the main street working class.


The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades, according to other Census Bureau data. Gordon W. Green Jr., who wrote the report with John F. Coder, called the decline “a significant reduction in the American standard of living.”


We are slowly turning into a pre industrial nation.


One reason pay has stagnated is that many people who lost their jobs in the recession — and remained out of work for months — have taken pay cuts in order to be hired again. In a separate study, Henry S. Farber, an economics professor at Princeton, found that people who lost jobs in the recession and later found work again made an average of 17.5 percent less than they had in their old jobs.


So if you lost your job before the "recession" you will never going to get that same job to pay what used to pay you, you may have it again with a pay cut.

So this shows that it could be an agenda to have Americans working for less. But still with the standards of living going backward the nations cost of living still going forward. America is becoming some very expensive land to live in with for the growing working poor.

www.msnbc.msn.com...





edit on 10-10-2011 by marg6043 because: (no reason given)

edit on 10-10-2011 by marg6043 because: (no reason given)



posted on Oct, 10 2011 @ 12:39 PM
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Back from a Family Dinner,here is something we should follow very closely:

11th Hour Decision Pushed To Milliseconds Before Midnight As Slovakia Fails To Reach EFSF Decision


Just out from Reuters:

- SLOVAK COALITION TALKS ON EFSF END WITH NO DEAL, TO CONTINUE TUESDAY MORNING - PARTY LEADER
- SLOVAK PM RADICOVA SAYS NO DEAL ON EFSF ON MONDAY, MORE TALKS 0700 GMT ON TUESDAY


More:

Slovak party leaders reached no agreement on a plan to give more power to euro zone's EFSF bailout fund on Monday and negotiations will continue on Tuesday morning, chief Bela Bugar of the Most-Hid party told reporters.

It appears the euro likes to live very dangerously. Just bribe all the people involved already. Which, of course, is precisely what will likely happen, and a favorable last minute resolution (tomorrow is the deadline), will butcher any and all EUR shorts. Of course, if Slovak politicians actually have this thing called conscience and don't have this thing called Swiss bank accounts, then all bets are off.


Lets hope they stay strong (despite possible bribes or Death-Threats...) and kill this whole EFSF thing tomorrow



posted on Oct, 10 2011 @ 01:46 PM
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So, if you don't agree to become a slave, you will be considered a citizen of the lower order?



This is a conspiracy against the working class. Too much is too obvious. Yet, the basic function of segregation (marriage just the cornerstone of it) disables people to effectively and in an organized way realize what is really going on. Start a family, or "plan" future, take load of loans and let the current take you to the land of pink and blue.

Here in Serbia, Chinese are building a bridge across the Danube. They brought their own workers (so the bridge is promptly outsourced), built makeshift houses, I doubt they will ever come to the city to spend a buck or two. The bridge costs 170 mil. euros. Lots of money will be laundered here. Serbian construction firms, which build all kinds of big projects around the world have been effectively destroyed by this action.

The same thing is going on everywhere. Working class is degraded, middle class, engineers, laid off or forced to move elsewhere (Africa?)...

No wonder markets are happy, they are thriving on this easy profit which will bury them altogether in a short while too. But who cares. The lucky numbers are there!



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