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

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posted on Oct, 27 2011 @ 01:48 PM
About the dollar... just look at it...

It's getting raped. No wonder the stock market has been going up.

I bet the FED and CNBC are trying to hatch a plan to talk bad about Europe once again to make sure the dollar goes up again.
edit on 27-10-2011 by Vitchilo because: (no reason given)

posted on Oct, 27 2011 @ 02:27 PM
And US to stimulate economy once more, or just keep the teachers and first response workers on payroll for two more years.

House Passes Small Part of Obama’s Jobs Bill

WASHINGTON — The House passed a small component of President Obama’s jobs package on Thursday, voting by a big margin to repeal a requirement that governments withhold 3 percent of payments to contractors to insure that they properly withhold taxes from their employees.

So they pass something, I am just trying to figure out what is the part that was passed or pass or avoided?.

posted on Oct, 27 2011 @ 05:20 PM
Pretty good Article which explains that Germany is screwed one way or another.

Guest Post: EU Leaders Throw Europe a Plutonium Life Preserver


posted on Oct, 27 2011 @ 05:26 PM

Euro Bailout Cracks Emerge; Greece "Just Says No"

As the Telegraph reports, "A trillion euro bail-out to save the EU’s single currency is in danger of unraveling after Germany’s central bank warned that the rescue measure was too dependent on the high-risk deals that caused the economic crisis."

"The concerns were led by Germany’s powerful central bank, which expressed fears that a plan to leverage a €440 billion eurozone rescue fund to amass a “fire power” of €1 trillion, or £880 billion, resembled the risky finance methods that triggered the crisis in 2008. Jens Weidmann, the president of the Bundesbank and a member of the European Central Bank, sounded the alarm over the plan to “leverage” the fund by a factor of four to five times without putting any new money into the pot. He warned that the scheme could be hit by market turbulence with taxpayers left holding the bill for risky investments in Italian and Spanish bonds."

So what happens when, as it is bound to happen, and as we have been pounding the table on since the ill-fated July 21st bailout, realize that very soon (yes, French banks have been on downgrade review since September 14, and earlier today Sarkozy just announced French 2012 GDP growth would be a negligible 1%, something the rating agencies will be delighted to hear), following the French downgrade it will be all up to them?

But perhaps what is the worst news of the day is that Greece, the country which this whole shebang is supposed to make better, threw up violently all over the "rescue":

Greek opposition parties to the Left and Right united to condemn the eurozone deal amid mounting social conflict.

Antonis Samaras, the conservative opposition leader, said: “We are not closer to the solution but are faced with nine years of collapse and poverty.”

Dimitris Papadimoulis, a Left-wing MP, said new EU powers in the agreement to
impose austerity measures on Greece had a conflict of interest. “Those who
monitor us do not have our interests in mind,” he said. “Their priority is
that we pay back our loans.”

Well that didn't take long. At least there's ONE person in power in Europe who have some common sense... But really how much can ONE man do against thousands of corrupt people? Probably not much.

posted on Oct, 27 2011 @ 05:33 PM
reply to post by marg6043

Well what they agreed on...

The measure repeals a requirement for the government to withhold 3 percent of the payments it makes to contractors (in case the contractors were over-charging for their services).

So I bet we'll see more fraud...

Boehner cited other areas where the White House and House Republicans have agreed, namely three free trade agreements.

Funny how both party love to agree when it comes to exporting jobs abroad.

The Senate is slated in the coming days to vote on another one of the president's proposals -- a measure to invest in infrastructure.

This is good, but of course it will add to the deficit.

posted on Oct, 27 2011 @ 06:00 PM
reply to post by Vitchilo

You know why is not going to work, because this bailout is base on nothing but fake money is not liquidity at all is nothing but the willingness of the nations taking the debt ability to get back what they are giving away.

So the same gamble that cause the mess in 2008 will repeat itself, the 1 trillion will soon be turned into a few trillions and the debt will keep growing while most of the bailed banks will never get back what they have lost along with the nations that provided the funds.

I guess the Greeks knows that debt only beget more debt, holding incredible amounts of debt has worked in the US but that doesn't mean one size fit all, the morons in the financial markets in the EU are finding this the hard way.

posted on Oct, 27 2011 @ 06:05 PM
reply to post by Vitchilo

Any money the government appropriates for anything is counted as a boost to the GDP, for those that have not clue how deceiving the numbers are when the government is claiming GDP growth, thinks that everything is just peachy.

posted on Oct, 27 2011 @ 06:24 PM

Originally posted by marg6043

House Passes Small Part of Obama’s Jobs Bill

WASHINGTON — The House passed a small component of President Obama’s jobs package on Thursday, voting by a big margin to repeal a requirement that governments withhold 3 percent of payments to contractors to insure that they properly withhold taxes from their employees.

So they pass something, I am just trying to figure out what is the part that was passed or pass or avoided?.

hmmmmm. the house voted to pay the contractors 100% of the agreed cost...
there will be NO withholding of 3% to insure that withholding taxes are being paid by the bosses & workers...

smells like catering to the Unions again

posted on Oct, 27 2011 @ 06:31 PM
reply to post by St Udio

Doesn't that mean that since the government doesn't hold 3% of the cost of any project anymore... if the gov. founds any fraud or overfees, it has to go in court to get the money back (good luck with that and takes a long time)... now if there's fraud, they just can take a part of the money from the 3% they withheld till the contract was finished...

So seems to me, it's another ``barrier`` against fraud removed.

posted on Oct, 27 2011 @ 08:06 PM
Foreigners Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In US Paper Sold In Past 2 Months

Two weeks ago when we reported that there had been a record consecutive week dump of US Treasury paper in the Fed's custodial account, as reported by the weekly H.4.1, we made the assumption that this was China preemptively selling US paper. Well, that may or may not have been the case, but it was only part of the full story. We have now learned that Europe, and especially Germany has been just an active seller of sovereign bonds, most certainly including US paper, in recent weeks. As FAZ reports, the head of Commerzbank Martin Blessing has been dumping all bonds in his possession, primarily PIIGS paper, but also US and German ones. He does add the clarification that this has been a complicated project as there has been a buyer's strike (and with the CDS extinction it will only get more difficult as there is no natural hedge remaining), and his dumping has certainly not made things easier. Now as we all know by now, when starting a panic exodus, one has to be first, be smarter, or cheat. Here we will add a fourth one: or sell US paper. After all the demand for this is nearly insatiable, or so the neo-Keynesians out there will have us believe. Well, in the last week, someone used our definition. According to today's update in the H.4.1, the total amount of securities held in the custodial account for foreign official and international accounts just plunged by $20 billion, of which $19 billion was attributable solely to Treasurys: the second largest weekly dumb ever. And since this total number includes both Treasurys, which are used for political purposes, as well as Agency securities, which don't really serve much in terms of a diplomatic statement but are great at shoring up liquidity, one can assume that the relentless selling in all types of US paper has had one purpose only: to generate capital. As the third chart shows, that amount is substantial: in the last 8 weeks foreigners have sold a unprecedented $93 billion across the custodial account bringing it to $3.392 trillion, the lowest since March 2011!

And so it began...

posted on Oct, 27 2011 @ 10:56 PM
Why was Euro for Greece a mistake?
Lending money is good business?

I have continuously noticed, since the eighties, the level of culture is dropping proportionally related to the spread of the globalist network. When I was in Athens in 1984 I located 5 stores with artistic materials, paints, papers, etc. Last time I was in Athens I couldn't find any of them. Where they used to be, instead were CD-teques of computer gadgets and some such trivia. So, this is where Greeks spent their Euros. It was important to lend Greeks money so they can buy gadgets, resulting in Apple and MS shares going up and pumping up computer hardware industry out of proportions, while at the same time, the existing OS by Atari (TOS), which was much better than DOS at that time and long after, was "killed". This was the plan: give the masses the minimum, no matter how much resources this is going to cost. Because that's good for business. Corporations destroy all small firms, which have better quality and longer duration of products... We end up like this - illiterate and broke.

End of the eighties, I had Atari ST. One text processor, Papyrus, made in Germany, was much better than any other program, be it on DOS or on MAC. Only the latest programs are match for it. This program, plus 3-4 true type fonts was packed on 1 HD floppy disc formatted to 1.7 Mb. Atari could do this, PC couldn't. How much space on hard disk takes MS Word? 100 Mb?

How many million people are used to spread this global network of nonsense? And the political and social, marketing and scientific system which supports it, how many people and how much it costs? It is all reflected in this DEBT THING. Nothing else. Normal people don't spend that much for their needs. And real needs are suppressed and in many places already eliminated (with great help from pharma industry, antidepressants, oppressants, etc.).

The whole ideology behind this technological proliferation of uttermost minimum per teaspoon "advancement" has weakened humankind to the point where it is totally helpless and lost all of it immune system to defend itself from these rascals, and, God forbid, if some wiser extraterrestrial race shows up, we will be an easy picking with our MS Windows based defenses

Even if good willing aliens arrive, what shall we have to offer them? It's really a shame.

I don't think it is possible to repair the damage inflicted. The scum will rather go back to stone age than admit how many mistakes have been made and accept the responsibility. Bernie Madoff is their top ideologist, we have heard what he has to say. The only crime he committed was that he tried not to share his loot with the established looters.

edit on 27-10-2011 by DangerDeath because: (no reason given)

posted on Oct, 28 2011 @ 03:46 AM
Where is the Kaboooom!!?? There was supposed to be a Market shattering Kaboom!!??

posted on Oct, 28 2011 @ 05:45 AM

Eurozone seeks bailout funds from China

They gonna need double thick pants on their knees to beg out of the Chinese one single chopstick

Are these guys for real?
They really think they can outsmart China?
Or is this just for domestic politics use?
Big yellow smelly smoke!

It is thought China may pay about 70bn euros ($100bn) into the fund, which is expected to be boosted to 1tn euros.

Meanwhile French President Nicolas Sarkozy said debt-ridden Greece's entry to the eurozone was a mistake.

Yeah right, lets invite China to Europe

The ticket? Some Tn's

By the way, is that a steep fall on EU markets begun? You never know these days...

Dow Jones also indicated in red.

posted on Oct, 28 2011 @ 05:49 AM
reply to post by TiM3LoRd

Careful what you ask for. Hard to predict exact timing but its coming.

posted on Oct, 28 2011 @ 06:00 AM

Originally posted by TiM3LoRd
Where is the Kaboooom!!?? There was supposed to be a Market shattering Kaboom!!??

the sudden gust of Irrational Exuberance blew out the fuse, don't worry it will relight

as soon as the money lost on the CDS derivatives gets adjusted and uncertainty about future derivatives payoffs makes for ZERO buyers in the markets

posted on Oct, 28 2011 @ 06:14 AM
reply to post by DangerDeath

Shows how desperate China is to save it's largest market (they export more to Europe than the US) considering how broken the Chinese economy really is. If ever there was a house of cards, it's China.

posted on Oct, 28 2011 @ 06:20 AM

Originally posted by Rockpuck
reply to post by DangerDeath

Shows how desperate China is to save it's largest market (they export more to Europe than the US) considering how broken the Chinese economy really is. If ever there was a house of cards, it's China.

And Germany was its first and biggest investor

Well, wait till 2014 when the New Silk Road is finished. Then, Europe will be turned into one big flea market.

edit on 28-10-2011 by DangerDeath because: (no reason given)

posted on Oct, 28 2011 @ 08:04 AM
China, China, China, Greece, Greece, Greece, what the two have in common?

One doesn't want to lose his trading partners (slaves) so is willing to lend even when it knows that nothing is coming back to them, the second one, will never pay back what is taking, but they still can force it to sell the trash from China.

posted on Oct, 28 2011 @ 08:17 AM
Four Reasons China is Betting On Europe (And Will Lose)

China has
begun stepping in to buy up European sovereign bonds because allowing a default
in Europe will trigger a global systemic collapse that will destroy China’s

So actually they have been buying EU debt (I mean bonds) this year.

The EU
accounts for roughly $400 billion of China’s exports, making it China’s single
largest export market. So if Europe collapses, China’s economy takes a BIG hit.

So the crap will hit the fan if they do not, but it has advantage for them.

Put another
way, the entire China “economic miracle” is based on the current system
continuing to operate in some form (China can continue to export, rip off
intellectual property that is developed elsewhere, throw its weight around,

So to avoid getting hammered, they will comply and help the EU.

Europe collapses:

1) China
loses its largest export market (Chinese economy breaks down)

2) China
unemployment skyrockets along with civil unrest

3) The
US Dollar rallies evaporating profit margins at Chinese export companies (Yuan
is pegged to the US Dollar and so will strengthen) which results in even more

4) China’s
$700 billion or so in Euro-based assets implodes

China has a growing middle class that are having a taste of prosperity, (By communist standards)

inflation erupting in the People’s Republic and civil unrest growing, China
NEEDS to keep its economy on track by whatever means possible, even if it means
throwing money away to prop up bankrupt Europe.

So they can not leave now the rush of migrant workers that are moving into the cities for work, without jobs, the farming parts of the nation where hundreds of million live of the land are not looking for work in the cities, specially the young generation that wants a better living.

China’s unemployment numbers are based only on surveys in urban areas; they
completely ignore the hundreds of millions of migrant workers who come to the
cities to find work. I’ve seen some estimates of China’s true unemployment rate
that are north of 20%.

this an many more are the reasons why China will do whatever it can to keep the EU afloat.

My take of all this? well I think the EU knew all this and they were betting on it.

Lore the fools, let them taste the goods of capitalism and them force them to into the system or else risk losing everything.

posted on Oct, 28 2011 @ 08:41 AM
Hell has frozen over... Maddow tells the truth about banks... which her master (Obama) loves.

Here it is

Way to go Maddow! You still not expose Obama and his advisers for letting all this go and not prosecuting them.... But still that's a very good start.

No wonder that pesky Elliot Spitzer was taken down... he was not corrupt and going after the big banks... He was taken down because of hookers... give me a break... most people on Wall Street and in Washington DC are doing hookers and blow.

Berlusconi Battered As Bonds Break 6%

Awwwwwwww... and if it reaches 7%, kabooooooooooom. Europe is done.

this an many more are the reasons why China will do whatever it can to keep the EU afloat.

Well as the article says, they will fail. They have not enough money... and Europe's financial system is too corrupt and there's too much fraud built in.

The only way China make their money worth is if by buying EU debt, they can force policy decisions... not that's gonna happen....

There's a perfect storm brewing in China... world economy about to collapse (again) and the new PM will not expand the safety net for people... so when the economy becomes bad, people will not get benefits from the state... We've seen hundreds of thousands of protests in China in 2008-2009-2010-2011... it's just the beginning. 2012 and 2013 will be worse.
edit on 28-10-2011 by Vitchilo because: (no reason given)

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