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

Sorry. I'm on page 46 now, by the time I catch up it'll be a new world.

reply to post by ludshed


This thread have a few years already, just start with the the last few pages and you be fine, the rest is just for research purposes.

Live Blog from the Guardian on the Slovakia EFSF Vote:

Stock markets on knife-edge ahead of Slovakia vote: live

Troika Releases Statement On Greece: Commentary Attached

Summarizing the Troika'a statement, with some gratuitous commentary

- Sixth tranche depends on Eurogroup, IMF approval: the use of Greece as a passthru vehicle for Eurobank funding will continue until morale and bank CDS improve
- Troika says Greek recession to be deeper than anticipated, 2011 fiscal target no longer within reach: the 50% negative revision in deficit to GDP in the past month has been duly noted
- Recovery only expected from 2013 onward: when it will be Bundesrepublik Griechenland
- Privatization revenue below expectations: must sell more islands to the Chinese, more gold to Qatar
- Additional Greek measures likely needed; essential more emphasis placed on structural reform - back in the day "freefall bankruptcy preparation" was not called "structural reform"
- Greece needs additional measures for 2012, 2014 - must be certain future penetration can proceed absent lubrication
- Greece overall made important progress - riotcam viewership is now PeyPerView and is used to pay for G-Pap's 3rd winter vacation

Source: Bloomberg

Troika: Greece likely to get aid tranche in Nov

FRANKFURT (MarketWatch) -- Greece's troika of international lenders -- the European Union, International Monetary Fund and European Central Bank -- on Tuesday said Athens is likely to receive an 8 billion euro ($10.9 billion) tranche in early November. The joint statement comes after officials from the three institutions completed a delayed review of Greece's efforts to meet terms of last year's 110 billion euro rescue. The Greek government proposed additional austerity measures after failing to meet fiscal targets. "Once the euro group and the IMF's Executive Board have approved the conclusions of the fifth review, the next tranche of 8 billion euros(5.8 billion euros by the euro area member states, and 2.2 billion euros by the IMF) will become available, most likely, in early November," the statement said.

No Comment...

farmlandgrab.org...

Beidahuang will invest $1.5 billion on Patagonian farms that it won’t own

Heilongjian Beidahuang Nongken Group Co., China’s biggest farming company, plans to invest $1.5 billion to develop farms and expand a port in Argentina’s southern region to help ensure food supplies for 20 years.

China is the largest buyer of Argentine soybeans, the country’s main agricultural export, as well as soy-oil. China became Argentina’s third-largest foreign investor in 2010 and is expanding its presence in Latin America by investing in mining, oil and agricultural products as its seeks commodities supplies.

Under the accord, Beidahuang will finance farming of wheat, corn, soybeans, fruit and vegetables and the production of wine in Rio Negro without buying land, said Bruno. The company will also expand a hydraulic power plant and San Antonio’s port, where the produce will be shipped to China, Bruno said.

These are or are not Monsanto freakin' beans (as if that matters)?

It is expected that the Slovakian Vote on the EFSF will fail,and since it includes a Confidence Vote,the Goverment would fall as well. But there will be a Second Vote either today or in the next few Days which is expected to pass,because unlike today,the Opposition should vote for it.

So the Results of the Vote,which is expected in around 20 Min., shouldn´t be to suprising to everyone who follows this.

Lets see what the Market does after that (European Markets are already closed)...

Edit: Seems like it takes a few more Hours...



Edit 2: Slovakia Dithers on European Bailout Vote

[...]The government of Prime Minister Iveta Radicova is expected to lose a confidence vote she has linked to the vote on the bailout fund in an attempt to sway rebels in her four-party coalition to back the bailout fund.

However, a repeat vote on the EFSF could be held later this week and passed, if the government receives the support of opposition lawmakers from the left-of-center Smer-Social Democracy, or Smer, party. This would likely require a cabinet reshuffling. The repeat vote on the EFSF is unlikely to take place Wednesday as more time for political talks will be needed.[...]

As expected:

Slovakia Rejects Plan To Expand EFSF, Government Falls

From Reuters:

- RTRS-SLOVAK PARLIAMENT REJECTS PLAN TO EXPAND EFSF, GOVERNMENT LOSES CONFIDENCE VOTE
- SLOVAK OUTGOING GOVERNMENT EXPECTS EFSF TO BE APPROVED IN REPEATED VOTE, LIKELY THIS WEEK

Insert clip about the Spanish inquisition.

Late Edit: Who is gonna bet that Greece is "allowed" to default pretty soon,now that the EFSF is activated (or will be,in the next few Days...)

Finally back on the internet... my internet has been out for 9 days or so... I missed a lot of news!

with congress hands tied for spending and the fed basically finding that it's QE 3 just boosts commodities which at this point hurts business profits a bit (as well as boosts gold and silver) and stocks to a smaller degree.....THERE IS A TON (IMO) of pressure building in order to KEEP SPENDING UP and us out of recession/depression by increasing spending the ONLY WAY IT IS POLITICALLY feasible at this point .....WE NEED ANOTHER WAR somehow someway...it NEEDS to be done.....in a monetary system and political system like we have now...i dunno what WILL NEED to convince people to GET BEHIND A WAR with iran ...but pressure is building to GET IN ONE for monetary...economic...and by extension political reasons tilting that way....SO HEADS UP and KEEP an eye

reply to post by cpdaman


Congress is not allowe to spend, you are right about that, but the fed is another story, they can spend at will and use all the sources available to them for funding in "unacounted" funds that do not need scruting or approval from congress or signature of Obama

US fed as the bigger funder of the IMF will have the funds needed or else.

Harrisburg, PA Files For Bankruptcy Protection

The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a vote by City Council, according to a lawyer for the council.

Mark D. Schwartz, a Bryn Mawr, Pennsylvania-based lawyer and former head of municipal bonds for Prudential Financial Inc.’s mid-Atlantic region, said he filed the documents by fax to a federal bankruptcy court last night. The filing couldn’t be confirmed with the U.S. Bankruptcy Court in Harrisburg.

The state capital of 49,500 faces a debt burden five times its general-fund budget because of an overhaul and expansion of a trash-to-energy incinerator that doesn’t generate enough revenue.

www.businessweek.com...

This can only mean 1 thing, we're in a bull market!!!! BUY BUY BUY!!!

Derivatives: The $600 Trillion Time Bomb That's Set to Explode

I guess the old derivative mess is not over yet no by any means. Banks since the 2008 market crash just kept on making the mess bigger.

Do you want to know the real reason banks aren't lending and the PIIGS have control of the barnyard in Europe?

It's because risk in the $600 trillion derivatives market isn't evening out. To the contrary, it's growing increasingly concentrated among a select few banks, especially here in the United States.

In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.

When you have a nation run by big interest in the banking system they careless what they do to economies while they gamble around.

The world's gross domestic product (GDP) is only about $65 trillion, or roughly 10.83% of the worldwide value of the global derivatives market, according to The Economist. So there is literally not enough money on the planet to backstop the banks trading these things if they run into trouble.

Compounding the problem is the fact that nobody even knows if the $600 trillion figure is accurate, because specialized derivatives vehicles like the credit default swaps that are now roiling Europe remain largely unregulated and unaccounted for.

Now, this is the things that makes you, humm, no wonder the race to keep the banks alive in EU.

moneymorning.com...

reply to post by marg6043


You hear a lot of talk about the derivatives "bubble", but what I don't get is what happens if/when it bursts. Would banks just lose a lot of money, or would there be a larger issue?

reply to post by mossme89


The banks in the EU are failing, but you see how quickly they are talk into bailing each other out, So far the Fed has funded up to 17 trillion dollars of that money, through unaccounted funds, these funds do not need congress approval.

Since 2008, the IMF has been funding banks left to right, the mess is unstoppable, but as long as is money been funneled keep the banks afloat the bubble will just keeps growing.

We just will have to seat and wait until no more funds can be gamble away.

Seven Prospective Corporate Bankruptcies

Yes more jobs lost heading our way.

Ten companies with at least $100 million in assets filed for Chapter 11 bankruptcy last month - the most since April when 17 such companies filed. So far in October five more big companies have filed, including Friendly Ice Cream Corp. and Open Range Communications Inc.

They join a list this year that includes Borders Group Inc. (PINK: BGPIQ), paper manufacturer NewPage Corp., skin-cream maker Graceway Pharmaceuticals and the notorious solar panel manufacturer Solyndra Inc.

In fact, 2011 has been the worst year for corporate bankruptcies since 2009, when the financial crisis touched off by the Lehman Brothers' collapse caused a record number of filings.

Yes life is getting harder and harder in America, regardless of the government calling that the recession is over, now ask any worker in the companies been closed how they feel about it.

moneymorning.com...

I have to...

J.P. Morgan’s bet against J.P. Morgan

www.marketwatch.com...

J.P. Morgan Chase & Co. JPM -4.34% became the latest too-big-to-fail bank to take advantage of an interesting trade: the bank hedges the spread on its own debt. When investors bid up the yield — an indicator that they think the bank won’t pay — J.P. Morgan makes money.

They'll go down in the end for bribing themselves...

reply to post by DangerDeath


They learn to do that from the biggest teachers the Federal Reserves and Central banks, they have been making money and paying themselves out while putting more debt to their own banks, because is not about paying the debt but gambling with it.

Incredible.

Again,as expected:

Slovakia Passes EFSF Expansion Vote

Now Greece can default,the EFSF leveraged and Banks bailed out with it...

Originally posted by Shenon
Again,as expected:

Slovakia Passes EFSF Expansion Vote

Now Greece can default,the EFSF leveraged and Banks bailed out with it...

First they say what they think about it all, then they do what they MUST do...

reply to post by cpdaman


Well how prescient of you. This is the closest I've seen a prediction come to fruition on this site. Were you privy to this info before the release?

If not, could you give me some lotto numbers? I was telling my friend last night pretty much the same thing. After this plot was released mind you.

But I interpret what I see as mounting pressure worldwide, economic and/or social, for war. I suggested he buy stock in defense contractors and oil, was just being sarcastic.

I feel like we can all see what's coming, but like the proverbial slow motion train wreck, are powerless to stop it.

Good call on the heads up.