2011 Global Stock Market Collapse Watch

Merkel insists eurobonds are 'exactly the wrong answer’

Angela Merkel has insisted Germany will not sanction the issuing of eurobonds – in a move that could trigger another unsettled day on global markets.

The German Chancellor said the issuance of eurozone-backed bonds was “exactly the wrong answer” – despite warnings that it is the only move that will calm stricken markets.

Ms Merkel told German television yesterday: “The markets want to force us into doing certain things – and that we won’t do.” She added: “Politics cannot and will not simply follow the markets.”

But politics seem to be following just about everything else, other than the will of the people with your massive tax-payer bailouts and stimulus spending on largely non-stimulating initiatives.

Let's see how resilient markets and economies are sans government interventions. Oh but that might mean a recession / depression as reported at Bloomberg, and we can't have that because that might mean the fear mongers were correct with their assessment on the fate of the financial markets and economies.

Going by this link www.sgxniftydowfutureslive.com... it looks like the US and UK CBs are tinkering with the currency markets pretty heavy. The Dow and FTSE (Fed and ECB) are showing positive futures so far while France and Germany are looking to tank again. I definately smell a rat

Gold is a bee's wee wee away from $1900 USD. Of course this will go up and down, but hey, it's climbing up there.

One of the more loopy market days in recent memory. A tinfoiler's delight. I'm freaking McLovin' it.

"Okay here we go. She hits the berg on the starboard side, right? She kind of bumps along punching holes like Morse code, dit dit dit, along the side, below the water line. Then the forward compartments start to flood. Now as the water level rises, it spills over the watertight bulkheads, which unfortunately don't go any higher then E deck. So now as the bow goes down, the stern rises up. Slow at first, then faster and faster until finally she's got her whole # sticking up in the air - And that's a big #, we're talking 20-30,000 tons. Okay? And the hull's not designed to deal with that pressure, so what happens? "KRRRRRRKKK!" She splits. Right down to the keel. And the stern falls back level. Then as the bow sinks it pulls the stern vertical and then finally detaches. Now the stern section just kind of bobs there like a cork for a couple of minutes, floods and finally goes under about 2:20am two hours and forty minutes after the collision. The bow section planes away, landing about half a mile away going about 20-30 knots when it hits the ocean floor. "BOOM, PLCCCCCGGG!"... Pretty cool, huh?"

reply to post by silent thunder


Lol I often think of the Titanic as a poignant metaphor for the global economy - 'this ship can't sink!' Isn't it ironic that the ship sunk in the Atlantic and now we have the the Eurozone and US economies on either side of the Atlantic sinking under a mountain of debt. It will be the centenary of the sinking of the Titanic 15 April 2012. Maybe the global economy will sink on the 100 year anniversary of the sinking of the Titanic!

The Chicago Fed National Activity Index for July is due out at 8:30.

The three month moving average stood at -0.60 in June, if it´s down to -0.70 in July that´s a fairly reliable indication that the economy is in recession.

[atsimg]http://files.abovetopsecret.com/images/member/c0d2496b1e2b.png[/atsimg]

reply to post by galdur


I just thought to look this up and its improved for July, though it notes national economic growth continues below trend.

Chicago Fed National Activity Index

July Chicago Fed index shows improved activity

anyone else going to compete in the CNBC million dollar portfolio challenge

milliondollar.cnbc.com...

belly up guys & gals, begins September

reply to post by surrealist


They see improvement in production, employment and income but no change in consumption and housing.

The probability of QE3 is probably down.

Originally posted by St Udio
anyone else going to compete in the CNBC million dollar portfolio challenge

milliondollar.cnbc.com...

belly up guys & gals, begins September

So you have to make a million dollars, huh? That's easy, invest $500,000 in gold and wait a week

I'm starting to see the seeds of corporate protectinism starting up. They are now making decisions to buy back their stocks, hence the 'rebound' we're seeing. Link here, and here. And here, and here

reply to post by OuttaTime


It truly is a negative feedback loop. The corporations are scaling back, which usually leads to people getting laid off, which then makes the economy worse, and more lay-offs.

On another note, gold & silver are rising still which means investors aren't sold on this rally.

Originally posted by mossme89
reply to post by OuttaTime

 

It truly is a negative feedback loop. The corporations are scaling back, which usually leads to people getting laid off, which then makes the economy worse, and more lay-offs.

On another note, gold & silver are rising still which means investors aren't sold on this rally.

I see it as a slow downward spiral, like a whirlpool. The primary investors won't know what's going until they hit the inner swirls and it will be too late. The unemployment figures we see are truly lies. If one were to check the U6 figures (here) and then double them, we have a more accurate picture of the real situation. Our real unemployment/underemployment is closer to 30% than the 9% the 'feds' use. But when more math is used, there are about 130M workers in the US (excluding elderly, students, and kids). And with 50M folks on food stamps, the figures are far heavier and show a completely different reality, as indicated by the record foreclosres (nearly 1M this year alone). But as people abandon their mortgages and find an apartment, the media boasts on how apartments and condo sales are on the rise, like it was a good thing. Meanwhile, all of those empty homes are sitting empty, but still being used as MBS's by idiot bankers. The fuse is getting quite short these days.

Desperation: M1 money stock (cash and demand deposits) up over 3% between June and July. That´s over 40% annualized.

www.federalreserve.gov...

reply to post by OuttaTime


Do you think this is why precious metals are going parabolic even though QE3 looks unlikely? Because either way, we're sorta screwed.

Down we go...again And Gold is at 1900$ in 5..4...3...2...1...

reply to post by mossme89


Yeah, we're pretty scewed. The possibility of a financial endgame is nearly inevitable. If the money supply is gone (or collapses), and folks are hanging on to gold, if the markets collapse, they would probably be willing to pay pennies on the dollar for your physical gold. I've heard it referred to as 'the fleecing of America'. If you see those 'we buy gold' stores going out of business, the collapse is not far behind.
Somehow, I have a gut feeling that metals are being over-monetized by playing the scarcity card. Bernanke admits that gold isn't money, but then again he also said T Bills aren't money either. That is definately a loaded statement.
The stock markets and govt debt is nothing more than the same scam Maddoff was doing, just on a much much larger scale. They need money (assets) to come in from the bottom to support the top. Typical pyramid scheme. And since there is not enough physical currency or gold to pay off the global debt, they need to perpetuate the ponzi to sustain the illusion of prosperity. That's why they pimp investing so hard on MSM.

Asia closed flat (or down). Europe closed flat, and the US is flatlining. Gold near $1900/oz and trading is volatile and aggressive. This is getting interesting.......

Originally posted by OuttaTime
Asia closed flat (or down). Europe closed flat, and the US is flatlining. Gold near $1900/oz and trading is volatile and aggressive. This is getting interesting.......

Buying Time,literally. I wonder how much Ammunation they have left,not much i presume...

reply to post by OuttaTime


What about Silver? It's much more rare than gold, is actually used industrially, yet is a mere $43 compared to gold's almost $1900. Would that be a valuable asset to hold?