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

Originally posted by HimWhoHathAnEar
Congress not going to pass a budget this year! When you refuse to sit down with your bills, you are in the final stages of denial and just about to pay the piper.

This clearly means there is no more US of A.

What happened?

reply to post by DangerDeath


When you control the printing presses, a budget becomes somewhat unnecessary. It also requires government to be responsible which ours clearly isn't.

You know, like in American Idol, Big Brother show. All you can do is vote out someone from time to time, but they keep coming and there's nothing you can do about that...

You are pinned down to watch and that's it. It repeats forever.

Depressive, yeah. Depression.

www.businessinsider.com...

Deutsche Bank: U.S. Financial Conditions Just Collapsed Back To Crisis Levels

Deutsche Bank has a new and improved index of U.S. financial conditions, and this index just slumped back towards the lows of our recent crisis.

Deutsche Bank's Peter Hooper:

Financial conditions appear to have worsened substantially in recent quarters based on our update of the broad index of US financial variables presented earlier this year at the US Monetary Policy Forum. In the wake of recent developments in Europe, increased stress in financial markets has pushed that index halfway back to its immediate post- Lehman crisis lows.

And there's a nice graph too

reply to post by DangerDeath


Thanks for that article. It'll take some time to sift through the analysis.


Anyone remember me sticking my neck out on May 11?

UK news:

A Conservative-led (i.e. centre-right) government is now 99% certain (in conjunction with the Liberal Democrats [left of centre], who have never held power).

Labour/Lib Dem talks have failed

This bodes well for the stability of the UK economy, as the Conservatives stood for election on a distinctive platform of introducing measures this year that will begin to deal with the current run-away national debt.

(Hats off to the British electorate, who have chosen austerity over profligacy.)

Expect an announcement within hours, and watch sterling climb...

and

The Euro is fundamentally on the rocks, whereas the pound still has at it's disposal every conceivable mechanism to see it through the rough times ahead (-which so many other states relinquished when they signed up to the Euro). The ability to vary the value of one's currency in response to the prevailing national economic climate epitomises the numerous important options available to the UK, but lost by states who gave up their independent currencies.

and this on June 8?

The UK might just blaze a trail for all those budding Greece-immitators out there...

Stirling? Waves off the starboard bow, calmer waters forecast.

The Euro? "When you hear three blasts of the horn, make your way to the nearest exit where members of the crew will issue life jackets..."

Well, check out this article, published today:

The pound has hit a 19-month high as debt woes weigh down on the euro.

Sterling touched 1.2222 euros on Thursday, the highest it has been since the immediate aftermath of the financial crisis in November 2008.

Markets continue to worry about the European debt crisis, with the perceived risk of a default by Greece hitting an all-time high.

The pound was also boosted by disagreement at the Bank of England about whether to raise interest rates.

At the Bank's latest monetary policy committee meeting, Andrew Sentance broke with colleagues - including governor Mervyn King - to vote in favour of a rate rise.

This raised market expectations of future rate rises, making sterling a more attractive investment...

Source


[atsimg]http://files.abovetopsecret.com/images/member/79fbf1f7093a.png[/atsimg]
(Source as above)


Expect more of the same...

Ah the economy is rebounding!

Obama to make 10-30 million illegal aliens legal by executive order?
That would sure help the economy right?

The US Federal Reserve opted to hold interest rates steady at record lows as it cautioned that Europe’s debt problems could slow American economic growth.
Yeah sure, EUROPE is the problem in the American economy...

Richard Russell has grown very vocally bearish in recent months. Earlier this year, Russell warned that the stock market was once again becoming grossly overvalued despite its relentless new highs. He has maintained that the bear market never ended and that the world is far too indebted to exit the bear market. He also believes the bear will not end until all fiat currencies have failed.
+1

[edit on 24-6-2010 by Vitchilo]

reply to post by Vitchilo


Stimulating posts, Vitchy.


FTSE had a tough day, BTW:

5100.23 down 78.29 (-1.51%)

Source

A fair bit of volatility on the Dow too:

[atsimg]http://files.abovetopsecret.com/images/member/d7b8fa8c0adf.png[/atsimg]

10245.46 down 52.98 (-0.51%)

(source as above)


Can you imagine the profits being made by the automated programme on a day with peaks & troughs like that?..



[edit on 24/6/10 by pause4thought]

Oh boy. The pundits are going to be picking this over for months to come:

Major US financial reform agreed

The US Congress has all but finalised the biggest reform of US financial regulation since the Great Depression.

President Obama said the reforms would "hold Wall Street to account".

Legislators stayed up all of Thursday night for 19 hours of non-stop negotiations to reconcile separate versions of the bill that had been passed by the two houses of Congress.

Agreement was reached to impose strict limits on banks' ability to take risky speculative bets on markets...

...Treasury Secretary Tim Geithner said the bill that had emerged was "strong" and described it as "the most sweeping set of financial reforms since those that followed the Great Depression"...

Where do you start? Tim Geithner?

its' quite simple the bankers bribe politicians to turn you in to tax slaves but the banksters got to greedy and this is why they will not audit the FED or fort knocks gold reserves.

Thing are so bad that the farmer can not borrow any more using his sheep (YOU) as colateral down at the IMF anymore because each leg of lamb is already mortaged up to be worth $50 per killo of meat so the zionist bankers want to take part payment in meat by forceing the farmer to police a global carbon tax.

Bankers don't realy want to be paid in meat and that why they want the amero so can you pass me the mint source please.

reply to post by pause4thought

So much for meaningful reform in this bill, it makes no changes to Fannie, Freddie or the CRA which were responsible IMHO for the recent financial collapse:

Wall St. Reform Bill Greeted with Skepticism

"There is no dramatic streamlining of the alphabet soup of regulatory agencies," according to the Economist. "Indeed, the new consumer bureau potentially creates another monster. Nor does it tackle the future status of Fannie Mae and Freddie Mac, to the chagrin of Republicans, who rightly view the two mammoth mortgage agencies as having played a leading role in causing the financial crisis. The final document may run close to 2,000 pages, but some very important issues are being left for another day."

Viewed with skepticism... yeah by those who have their eyes open.

THE FREAKING BANKS WROTE THE FREAKING BILL. DUUUUUUUUH.

Like BP wrote cap and trade!

The whole Keynesian game is FAILING, and Europe finally woke up to that fact. Obama obviously hasn't since he's calling for Europe to continue their stimulus package...

Should we take a bet on this thread? How much the US GDP is gonna fall when it all comes down? 20%? 40%?

Either way, it won't be pretty.

Also, what happens when a oil hurricane forces people to evacuate the gulf coast?

And something really disgusting... let's see Obamacare and taxes for 2011.
CRS Summary of the bill

(Sec. 9002) Requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer-sponsored group health coverage that is excludable from the employee's gross income (excluding the value of contributions to flexible spending arrangements).

That means, if your employer gives you health insurance, then it will add the cost to your gross income, EVEN IF YOU ARE RETIRED, making you pay more taxes.

Let's say you earn 40.000$ and your employer pays 10.000$/year for your health care. Well in 2011, your gross income is gonna be 50.000$ and you gonna pay higher taxes.

Ain't that nice?

[edit on 27-6-2010 by Vitchilo]

Good news everyone!

Wall Street BS reform might not pass because of Byrd's death!
AWESOME.

If it persists, Byrd’s death could complicate the financial reform bill’s path to President Barack Obama’s desk. Massachusetts Sen. Scott Brown, one of four Republicans who voted for the original bill, has said he might vote against the version that emerged from the reconciliation of the House and Senate versions because it adds a $19 billion bank tax.

Should Brown vote no and Byrd Die, it would leave the bill one vote shy of the 60 needed to close debate and move to final passage.

Finally maybe he did something good by his death.

“A survey of last year’s college graduation class showed that 80 percent moved back home after getting their diplomas, up significantly from the 63 percent in 2006.
80% unemployed after graduation...ain't that nice?


Yeah the economy is recovering.


AND THE MAINSTREAM MEDIAS FINALLY ADMITTING IT'S A DEPRESSION!
The Third Depression

Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.

Neither the Long Depression of the 19th century nor the Great Depression of the 20th was an era of nonstop decline — on the contrary, both included periods when the economy grew. But these episodes of improvement were never enough to undo the damage from the initial slump, and were followed by relapses.

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

So Krugman believes we are in a depression... WELL DUH KRUGMAN.

But eh, Krugman is the tard who praised Gordon Brown for his bailouts... he's a Keynesian nut.

[edit on 28-6-2010 by Vitchilo]

RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.

The speech is best known for its irreverent one-liner: "The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost."

INSANITY I TELL YA!

reply to post by LieBuster


No just a bribe my friend, how about 50 billion dollars to buy the whores in Washington to give the banking system what they want.

This means that the so call financial reform crap is going to crap on the tax payer and consumers in the country.

Got a bank account?expect an increase in charges between 12 to 15 dollars, use a plastic? expect and increase from business charging you from 2% to 6 % and that is just the begining, the hiden chargers are still just that hiden.

Life just got a littler more harder to live in America once again. . .

reply to post by Vitchilo


I believe it, because I got one at home right now even when she have two bachelors degrees.

Now she is going back to school into a specialization that will ensure steady job even with the depression.

reply to post by Vitchilo


Common my friend, the big banking rats didn't spend 50 billion dollars to get the consumers a win on this one.

When was the last time that the whores in congress wrote anything? I think that the morons doesn't even know how to read and write ot Begin with

reply to post by Vitchilo


Well I thought that no passing the budget was actually giving permission to the IMF to dictate US new economy policies.

Yeah the IMF... bunch of scum...

Rich Americans Quit Paying Mortgages: MANY Million $+ Mortgages Delinquent

"Early on in the crash, the weakness was in the lower-price tiers. In the past year, most of the biggest price declines have been in the upper tiers," said Mark Zandi, chief economist of Moody's Analytics. "That suggests high-end households are coming under increasing pressure."

First American CoreLogic, which tracks U.S. real estate and mortgages, says the percentage of $1 million-plus loans more than 90 days delinquent rose to 13.3 percent in February, half again as high as the 8.6 percent overall delinquency rate.

The million-dollar delinquency rate has exceeded the overall delinquency rate since April 2008.

AND DOUBLE DIP IS HERE.

All markets in Asia down...

Shangai market down 3.5%...

So the markets are reacting to the G20 statements of ``austerity``...