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

reply to post by AuntB


Well when you at the top of the politically connected pyramid and profit and losses are just different columns on a computer screen a few billion is not big deal...

We're onto long hot summer. There will be lots of ash to cover up.
Keep an eye on Italy...
Vatican, JP Morgan scam...
Leave question of abortion and adultery for after revolution

reply to post by DangerDeath


The biggest story this year so far and the one that rather be buried under the sand by Wall Street crooks.

JP Morgan the inventor of swap is in deep trouble.

Their swap scam is bigger than what many can even dream,

Former Long Term Capital Management (LTCM) Terrorist Matt Zames Assumes the Reigns of $70 Trillion in JP Morgan’s Exploding FinCrap

maxkeiser.com... g-fincrap/

Deja Vu: JP Morgan Credit Default Swaps Put Markets on Brink

silvervigilante.com...

Do not let the corporate media obfuscate the realities of JP Morgan scandal, it is going to be "Majestic" if is not sugar coated first.

The more you research the more you get to see how dip in crap JP Morgan and their scam really is.

J.P. Morgan Malinvests Free Federal Reserve Money: Market Crash, Bailout & Printing Incoming

silvervigilante.com...

Will the printing presses will start humming again to save whatever big criminal scandal is going on with JP Morgan?

Be the judge because the money protection team will be making sure we the populace do not learn how bad is going to be.

reply to post by DangerDeath

Keep an eye on Italy...

You said it, bro:

Italian banks have credit ratings cut by Moody's

Ratings agency Moody's has cut the credit ratings on 26 Italian banks, including Italy's largest lenders Unicredit and Intesa Sanpaolo.

Italy's economy is contracting while the government also tries to reform the nation's public sector.

The agency said the banks were increasingly vulnerable to Italy's recession and the effects of government austerity measures.

Ten banks were cut from investment grade to so-called junk status.

UniCredit and Intesa Sanpaolo account for a third of the Italian banking market by assets. They both had their ratings cut, to A3 from A2, the agency said.

Some of the other banks saw their ratings cut by as much as four notches.

All of the banks were also put on negative credit watch, meaning that further downgrades are possible.

'Lowest in Europe'
"The ratings for Italian banks are now amongst the lowest within advanced European countries, reflecting these banks' susceptibility to the adverse operating environments in Italy and Europe," Moody's said in a statement.

"Banks are vulnerable to the renewed recession in Italy, given their already elevated levels of problem loans and weakened profitability," it added.

Prime Minister Mario Monti is trying to implement a programme of austerity and reform, including changes to pensions, tax rises, fuel price increases and the liberalisation of some professions.

After years of stagnant growth, Italy is facing a contraction in its economy of up to 1.5% this year, according to the central bank.

"These risks are exacerbated by investor concerns over the sustainability of the Italian government's debt burden, which has contributed to the difficult wholesale funding conditions faced by Italian banks," Moody's added.

Source

It's all happening now. Check out what happens if the new Greek leaders decide reject the bailouts [-good for them!-] and then leave the Euro:

Hold on to your seats...

Yeah not much is said about Italy. What's with Italy in particular that other countries such as Spain, Portugal or France don't share? Well Italy's banks just got downgraded, which shows something is up there.

Well, all governments have declared austerity, haven't they?
It is very clear... Governments can't stop spending more than they can. So, it is the people who needs to pay more and more, that is, get less and less...
Which means, people will be very dissatisfied and will protest. And Italian government has already announced they will take the army out on the streets to protect its people, right?
The goal is to make people get used to being poor and working hard as it should to survive...
It is important to survive blah blah blah
The Hunger Games, you know...
Lets get used to the idea.

ECB stops monetary policy operations to some Greek banks-Reuters
Senior Judge now incharge of emergency Govt in Greece unitl June 17 Election

Originally posted by marg6043
Will the printing presses will start humming again to save whatever big criminal scandal is going on with JP Morgan?

Be the judge because the money protection team will be making sure we the populace do not learn how bad is going to be.

You hit the nail on the head there. The FED already hinted today that QE is not out of the question... Helicopter Bed can just fly the printing pressed to Park Ave and and start pumping.cash into JPM.

reply to post by nydsdan


We need to remember that this scandal can be bigger than people will be able to even dream about, is the various executives that are leaving the firm, life time executives that have dedicated years to the firm.

The news about the loses are just limited to us knowing that is only billion and not a danger to the solvency of the bank, but the speculation is that the blunder is bigger about 12 billions that has disappear in the market value of JP, not a good thing.

Specially when we know what market depreciation means to a company in Wall Street.

JP is big so big that they extent their tentacles with many global banks that while under other names that makes them look completely independent from JP they are one and the same.

So they will tag the loses to the smaller branches to keep the firm from taking a direct hit, 2 billion? 12 billions? or perhaps a trillion when the loses are divided into the many other branch it may seen like pennies but guess what is big, so big that they are afraid and yes printing presses will be humming, and JP been a big part of the Federal Reserve we many never know.

People have not idea that 7 banks in the US holds about 211 trillion of dollars on Derivative contracts this are bets that they do on interest rates on the Fed, then we should see how they are linked with the Fed in the biggest scam of derivatives in history specially when US domestic gross is only 15 trillion.

Yes we are in deep trouble, deep, deep trouble.

fromthetrenchesworldreport.com...

reply to post by marg6043


here's a 'Part 1' link that talks a little bit on your points...
(they want you to subscribe $ to read part 2 et al)


in the article...scroll halfway down...
there is a graphic which lists JPM as having a value of $1.811 Trillion and derivatives amounting to $70.151 Trillion
they are on a list of 25 institutions holding more than $230.794+ Trillion in derivatives (or faulty 'hedges')


the author goes on to say

Overall derivatives, especially interest-rate-linked derivatives, have increased by over $100 trillion since the crisis began. As JPM just evidenced, and as hinted at by the interminable hand-wringing over allowing Greece’s paltry $78 billion in credit-default swaps to be triggered, real dangers lurk here.

I wish I could analyze the situation better than the rest of the crowd that either screams catastrophe looms or coos that everything is safe, but I cannot. The situation is too opaque, too convoluted, and too complex to tease apart. I simply don’t know what the true nature of the risk really is -- and the truth is, nobody really does. You might as well ask these analysts to tell you the exact size and shape of the first ten waves that will hit Laguna Beach exactly one year from now ...

www.chrismartenson.com...

reply to post by St Udio


Yes, is more banks involved in the derivatives, but in the top 7 JP comes first, this due to the fact and history of them, they have been atributed with the tittle of creators of the biggest scam in history the Paper derivative the sad thing is that they are using their founding fathers creation and control of the Federal Reserve to back this scam up with the FDIC.

But rest assure that if their 2 billion hicup happen to be bigger it will be a waves spanning all over the EU banks and all over Wall Street.

Making money out of scamming is going to end very ugly

J.P. Morgan's Debt Swapping Passes Lending as Top Money-Maker

J.P. Morgan Chase & Co., for more than 200 years, has made most of its money by arranging loans to governments, companies and individuals. So far in the 21st century, the bank is getting more revenue by rearranging borrowers' debt payments in the so-called swap market.

The second-biggest U.S. bank gets as much as $10 billion a year helping customers from Fannie Mae, with the highest credit rating, to Humana Inc., whose debt is at the lowest investment grade, get cheaper financing by exchanging one borrower's fixed debt payments for another's floating rate obligation. These interest-rate and currency swaps are now New York-based J.P. Morgan's biggest money-maker.

www.bloomberg.com...

I can't believe this thread is not sticky on the main page right now.

Are we ready for the collapse we've all been preparing for?

The ECB has admitted that significant deposits have been withdrawn from Italian and Greek banks, with people on the ground there expecting lines to start forming outside branches tomorrow.

Moody's has now downgraded 16 Spanish banks, including the UK arm of Santander

BBC - Spanish Banks Downgraded

If a run on the banks in Greece and Italy does occur, it could spread to Spain.

This really could be it guys. It all pretty much depends on the actions of the Greeks and Italians tomorrow, if they continue to try to get their money out it could trigger the implosion of the € and a complete crash of the global markets. The ECB and Greek governments were initially downplaying the run that was being reported under the radar, and it seems they did downplay it quite considerably.

reply to post by detachedindividual


I was just reading yesterday on a thread over at GLP about some person that 3 years ago was told by someone in the financial world that "In three years the economy will collapse, it will start in Europe, and when the first country falls America will have 2 weeks to prepare from there." I had read this person's beliefs in other threads he'd commented in over the last year, he has stuck to his guns on what he believes.

I am paying very close attention right now. I could not pay attention to the markets today, but it's interesting how silver and gold jumped up today after a long downward few weeks.

reply to post by detachedindividual


You know what is a joke about all this, how dip into the mess is JP Morgan and Goldman Sach. Yes they join together to hide the money that they had invested and with probably loses in Greece, Italy, Ireland, Portugal and Spain

Yes this article came out back in Nov. 2011, I guess scare of a downfall they sold 5 trillion of protection on derivatives.

Yes the biggest names behind this are the same countries that now are on the brink of default.

The shareholders most be on the edge today after the so call 2 billion lost even if they are trying to downplay it.

JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally.

Just don’t ask them how much of that was issued by Greece, Italy, Ireland, Portugal and Spain, known as the GIIPS.

The two big investment firms are very secretive of how much they will lose if the above countries go into default.

Very deceiving for the share holders that have not clue of how much they could lose

As concerns mount that those countries may not be creditworthy, investors are being kept in the dark about how much risk U.S. banks face from a default. Firms including Goldman Sachs and JPMorgan don’t provide a full picture of potential losses and gains in such a scenario, giving only net numbers or excluding some derivatives altogether.

www.bloomberg.com...

Well, it's like a slow motion disaster film. They didn't do absolutely anything to prevent this, although it was visible since 2008 at least. And now, it is only human to err??? Yeah, I guess it is

So, what's with oil? Nobody buying? Are we switching to energy free replicators instead of black gold?

Encouraging to see how many people really appreciate the gravity of what is happening now. Some very well-informed posts above.

Now get a load of this:

European Union trade commissioner Karel De Gucht said that both the European Commission and the European Central Bank (ECB) were working behind the scenes on contingency plans for a break-up...

...The first public declaration that preparations are in place came as economists at UBS said European taxpayers would have to swallow losses on Greece, whether or not it remains a member of the currency union.

Under a best case scenario, which would see Greece remain inside the euro but its colossal €274bn of outstanding debt put on a more sustainable path, UBS said European taxpayers would have to write-off €60bn of the €182bn of rescue loans they have provided.

If Greece was to leave the euro, however, the bill would jump to at least €225bn as the new currency would halve in value and €104bn of additional emergency funding by the ECB would be wiped out.

Contagion to the banking sector and across the eurozone, coupled with the economic damage that would cause, would lead to further unquantifiable costs. Other economists have estimated the final bill at nearly €800bn. UBS said the losses would cripple the ECB, which would need to be recapitalised...

Source

Face the reality. Prepare.

reply to post by pause4thought


European taxpayers would have to swallow
poor choice of words dont you think,
unless that is EXACTLY,,what they inferred.

Me.

reply to post by BobAthome


The longer TPTB have gone on kicking the ball into touch, the fewer the possible eventualities. Only two options remain: take the hit —within the Eurozone as it stands— or release Greece, and watch the contagion cause ever-increasing bank runs, financial collapse, and utter chaos.

Germany is doing everything it can to avoid the former, knowing full-well inflation could spiral out of control. Their post-war experience of hyperinflation means any government that lets it happen again would be committing suicide. Meanwhile socialist leaders, such as Francois Hollande, are pushing a head-in-the-sand policy of increased borrowing to fuel cloud-cuckooland growth. Neither option looks pretty, to put it mildly.

But events are likely to overtake the talking heads. If Greece once again decides to reject the bailout, with its intrinsic requirement of increased austerity —which is virtually certain— they will be forced out of the Euro, and default, bringing the rest down with them.

The only possible get-out clause might be for France and Germany to negotiate a less stringent deal with Greece on the bail-out. Which, of course, will leave German tax-payers, along with all the others, with an increasingly shaky currency, and with Portugal, Ireland, Italy and Spain insisting on similar leniency, further weakening the currency and deepening the already bottomless pit of bailout funds as each government in turn struggles to fund its liabilities.

The latter might appease the masses. But economists know full well it would only increase the degree of certainty that the Euro will collapse and fail.

So yes, the populations of Europe will be told that whatever TPTB decide, they will have to swallow.

(The question then becomes: how long before they regurgitate?..)

havent' posted much in about 2 years....but it seems like it's almost time for the "fun" to begin again.

i learned in the last 2 years how well the federal reserve can extend and pretend and keep the economy chugging despite overindebtedness....esp w/ china growing and monetary accomodation from the bank of japan...BOE...and euro Cent. bank .

they added more debt on top of the debt and successfully kicked the can down the road. There are a few realities that are diffiuclt to escape.

Debt based monetary systems collapse from overindebtedness or the currency's underpinning them collapse due to the fed's efforts to stave off the former.

We are nearing the end of the current debt based monetary system.

There will be a new "crisis" soon and the timing and manner in which the central bank's respond will determine how much of a market crash may preclude their response

Look for currency's and soverign debt credit spreads to blow out