BlackJack Posted November 3, 2011 Share Posted November 3, 2011 (edited) the funny thing is that there mostly is no gold or money its derivatives, fractional inventions, computer numbers, secret swaps this is whats made the problems someone lent someone nothing but zeros on paper, then they divided up the zeros and lent them out again and again now someone wants their zeros back i think Iceland had the right idea - tell em to go take a hike perhaps the Greeks might do they same thing just think who ends up with all the zeros derrrrrrrrrr Sachs, ummmmmmmmmm, Morgan, dohhhhhhhhhhhh Citi tell em to go take a hike Edited November 3, 2011 by BlackJack Link to comment Share on other sites More sharing options...
flying Posted November 3, 2011 Share Posted November 3, 2011 (edited) i think Iceland had the right idea - tell em to go take a hike While they are a smaller model they are the only ones that took the pain. They did not try to cure the problem with more of the problem. So I agree & think they will be/ are in recovery mode. http://blog-imfdirect.imf.org/2011/10/26/how-iceland-recovered-from-its-near-death-experience/ The rest will use the more problem route & ultimately have a much bigger collapse ...much slower recovery if any at all. Yes let those that gambled the most take the hit as it should have been in 2008 to begin with. Edited November 3, 2011 by flying Link to comment Share on other sites More sharing options...
waza Posted November 3, 2011 Share Posted November 3, 2011 Dow Tops 12,000 After Greece Ditches Bailout Referendum NEW YORK (TheStreet) -- Stocks hit session highs in the afternoon and the Dow Jones Industrial Average traded back above the 12,000 mark following news that Greece will drop plans for a referendum that threatened Europe's bailout plan. My link Link to comment Share on other sites More sharing options...
Naam Posted November 3, 2011 Share Posted November 3, 2011 i think Iceland had the right idea - tell em to go take a hike While they are a smaller model they are the only ones that took the pain. They did not try to cure the problem with more of the problem. So I agree & think they will be/ are in recovery mode. http://blog-imfdirect.imf.org/2011/10/26/how-iceland-recovered-from-its-near-death-experience/ The rest will use the more problem route & ultimately have a much bigger collapse ...much slower recovery if any at all. Yes let those that gambled the most take the hit as it should have been in 2008 to begin with. both of you should update your information. it is getting too tedious for me issuing heaps of certificates "...has proven that he possesses a wealth of no idea." p.s. Iceland is paying most of its debt, Iceland's inhabitants are suffering. period! Link to comment Share on other sites More sharing options...
flying Posted November 3, 2011 Share Posted November 3, 2011 (edited) While they are a smaller model they are the only ones that took the pain. p.s. Iceland is paying most of its debt, Iceland's inhabitants are suffering. period! Hey I said they took the pain That is what I mean by it...They are paying their debt. Instead of increasing it hoping it will disappear Edited November 4, 2011 by flying Link to comment Share on other sites More sharing options...
Naam Posted November 4, 2011 Share Posted November 4, 2011 Hey I said they took the pain habb sollyness too mut :jap: Link to comment Share on other sites More sharing options...
flying Posted November 4, 2011 Share Posted November 4, 2011 Hey I said they took the pain habb sollyness too mut :jap: Mai bpen rai Link to comment Share on other sites More sharing options...
midas Posted November 4, 2011 Share Posted November 4, 2011 (edited) I had sympathy with the Greek people before as they demonstrated and raised their objections against the austerity measures and imminent loss of their sovereignty but now I'm starting to be totally confused as to what they want and the reasonableness of their expectations. If they vote no in the referendum as I understand it they can go their own way but if they vote yes as George Papandreou is expecting them to do according to Bloomberg ( i.e.to remain in the Euro), then surely they have no right later on to object to any austerity measures and sale of their assets? it seems to me the Greek people want it both ways? http://www.bloomberg.com/news/2011-11-02/referendum-will-confirm-greece-in-euro-papandreou.html Opposition Leader Rejects Co-Government, Demands Resignation of Papandreou; Basking in the Clouds of Denial " It is exceptionally difficult to keep up with news stories in Europe. Every minute there is a new twist. What's clear is that no one is in charge, of anything. " http://globaleconomicanalysis.blogspot.com/2011/11/opposition-leader-rejects-co-government.html Edited November 4, 2011 by midas Link to comment Share on other sites More sharing options...
Naam Posted November 4, 2011 Share Posted November 4, 2011 Mish is a good follow on Twitter. I had no idea unemployment in Spain was running 21.5%. Mish's (whoever Mish is) hero: Link to comment Share on other sites More sharing options...
ajarnpot Posted November 4, 2011 Share Posted November 4, 2011 Well as long as Germany is ready to prop up the Euro why not let them. Reference to Prophecies and Germany conquering Europe by non vilent means. Go Merkel, stick your hand in the Germans peoples pocket for the goat violating feta cheese eating money borrowers Link to comment Share on other sites More sharing options...
fletchsmile Posted November 4, 2011 Share Posted November 4, 2011 Well just done my bit. Just been down the road and took a "haircut" - 60 baht to the (Thai) Chinese guy round the corner. No.3 on the back and sides, I'd say that's about 50%. Feel much better for it. The wife says I look younger - although the kids say I look funny, and admittedly it does show a few blemishes. Looking forward to the weekend and the future now though. There's a lesson in there somewhere. Hopefully all these Greek Sovereign debt holders can man up and do their part. The first cut is the hardest. Link to comment Share on other sites More sharing options...
churchill Posted November 5, 2011 Share Posted November 5, 2011 Hope its not true .... CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!? http://www.zerohedge.com/news/cme-goes-margin-defcon-1-makes-maintenance-margin-equal-initial-everything http://www.youtube.com/watch?feature=player_embedded&v=1jQoScJFNj0#! Link to comment Share on other sites More sharing options...
midas Posted November 5, 2011 Share Posted November 5, 2011 (edited) Hope its not true .... CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!? http://www.zerohedge.com/news/cme-goes-margin-defcon-1-makes-maintenance-margin-equal-initial-everything http://www.youtube.com/watch?feature=player_embedded&v=1jQoScJFNj0#! very interesting churchill. I wonder if this is why there have been so many reports this week that they're planning to attack Iran. maybe TPTB think that's all that is left to generate some " growth "? Edited November 5, 2011 by midas Link to comment Share on other sites More sharing options...
flying Posted November 5, 2011 Share Posted November 5, 2011 Hope its not true .... CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!? Well if true it could be a pretty manic Monday Then again most have known...or should have known that this sea of liquidity was just a mirage for some time now. I guess even casinos know when to fire/cut off their customers Link to comment Share on other sites More sharing options...
cloudhopper Posted November 5, 2011 Share Posted November 5, 2011 Hope its not true .... CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!? Well if true it could be a pretty manic Monday Then again most have known...or should have known that this sea of liquidity was just a mirage for some time now. I guess even casinos know when to fire/cut off their customers Very deflationary. Link to comment Share on other sites More sharing options...
Wrong Turn Posted November 5, 2011 Share Posted November 5, 2011 I'm curious of the CME margin hike. It does apply to existing margin, correct? Link to comment Share on other sites More sharing options...
flying Posted November 5, 2011 Share Posted November 5, 2011 I'm curious of the CME margin hike. It does apply to existing margin, correct? Appears so & if understood their will be massive liquidity pulled from the markets on Monday...albeit false/borrowed liquidity. Link to comment Share on other sites More sharing options...
flying Posted November 5, 2011 Share Posted November 5, 2011 Ok confusing now...... According to this person the phrasing indicates margins are being lowered? http://kiddynamitesworld.com/the-cme-margin-notice-that-has-everyone-in-a-tizzy Link to comment Share on other sites More sharing options...
Wrong Turn Posted November 7, 2011 Share Posted November 7, 2011 Markets in NYC have been open for 1 hour. No downward movement (I don't know about volume). I've heard reports too ^ that they later said it was a decrease - but I don't quite by it. Any more news on CME's Margin hike? Not much info now. Perhaps a false alarm on its negative effects? Link to comment Share on other sites More sharing options...
flying Posted November 7, 2011 Share Posted November 7, 2011 Markets in NYC have been open for 1 hour. No downward movement (I don't know about volume). I've heard reports too ^ that they later said it was a decrease - but I don't quite by it. Any more news on CME's Margin hike? Not much info now. Perhaps a false alarm on its negative effects? As stated elsewhere it seems it was a vague announcement by CME that was misinterpreted by most. Hard to believe they would release such a vague announcement but oh well That aside being reported on various sites & pdf here PDF ... Exchange Actions Re: MF Global Inc.Effective immediately, ICE Futures U.S. is temporarily lowering the Initial Margin rate for all Speculative accounts to a level equal to the Maintenance Margin rate for all contracts. The Initial Margin rate for hedgers already is the same as the Maintenance Margin rate. This action is being taken to mute the impact of the transfer of accounts from MF Global Inc. to other clearing members that was effected overnight, and thereby support the integrity of Exchange markets. So opposite of what was thought. Such actions should leave no doubt about the current affairs of this market. Link to comment Share on other sites More sharing options...
Naam Posted November 8, 2011 Share Posted November 8, 2011 So opposite of what was thought. Such actions should leave no doubt about the current affairs of this market. please give me a break Flying. Dyler Turd is not an inchstick to measure any current affairs. the website is nothing but a piece of rainbow press focussing on finance and economy and in this area a (slightly less ridiculous) pendant of the National Enquirer. i admit without hesitation that i am prejudiced based on their publications in early 2009 (shortly after zerohedge was established). if i had listened at that time to their ravings, rantings and gloom forecasts, the bottom line of my and some other portfolios i am handling would show a seven digit lower figure. zerohedge kept on thrashing finanancial assets even when the first of them doubled and tripled and only three months later produced 500-1000% profits. the latest from zerohedge is an example par excellence what weight an investor should apply to "turd" products. but then i always forget that goldlovers are not investors, they are strong believers and sometimes i even admire and envy them because i'm just an infidel without faith in any asset because i know all of them can fail. Link to comment Share on other sites More sharing options...
flying Posted November 8, 2011 Share Posted November 8, 2011 (edited) So opposite of what was thought. Such actions should leave no doubt about the current affairs of this market. please give me a break Flying. Dyler Turd is not an inchstick to measure any current affairs. the website is nothing but a piece of rainbow press focussing on finance and economy and in this area a (slightly less ridiculous) pendant of the National Enquirer. Actually none of my info came from ZH Either in this thread or that commodities one? I posted the original pdf from CME group later I posted their clarification. Today's pdf I posted was from ICE Futures exchange I do know a lot of the fuss was originally from ZH articles but I do not actually read that site. I had read elsewhere that the CME message was poorly worded at best & misunderstood. They themselves posted a clarification because of it. Then today this new pdf I just posted in the post your replying to. Edited November 8, 2011 by flying Link to comment Share on other sites More sharing options...
flying Posted November 8, 2011 Share Posted November 8, 2011 Wow MF Global and the rubber check Link to comment Share on other sites More sharing options...
Wrong Turn Posted November 8, 2011 Share Posted November 8, 2011 So opposite of what was thought. Such actions should leave no doubt about the current affairs of this market. please give me a break Flying. Dyler Turd is not an inchstick to measure any current affairs. the website is nothing but a piece of rainbow press focussing on finance and economy and in this area a (slightly less ridiculous) pendant of the National Enquirer. Naam, Zerhohedge and "Tyler Durden" has lost all credibility with me. I sent out a FWD email to friends who follows these economic trends. My bad. And Tyler's too. I will take Zerohedge for what it is from now on. (You are correct.) Link to comment Share on other sites More sharing options...
midas Posted November 8, 2011 Share Posted November 8, 2011 So opposite of what was thought. Such actions should leave no doubt about the current affairs of this market. please give me a break Flying. Dyler Turd is not an inchstick to measure any current affairs. the website is nothing but a piece of rainbow press focussing on finance and economy and in this area a (slightly less ridiculous) pendant of the National Enquirer. Naam, Zerhohedge and "Tyler Durden" has lost all credibility with me. I sent out a FWD email to friends who follows these economic trends. My bad. And Tyler's too. I will take Zerohedge for what it is from now on. (You are correct.) I am quite sure Tyler Durden is absolutely devastated by this news about you and Naam. Link to comment Share on other sites More sharing options...
midas Posted November 8, 2011 Share Posted November 8, 2011 (edited) now this is not from zerohedge and I do believe Naam gave his seal of approval to Mish so I think we are on relatively safe ground with this report Risk of Bank Run Rising " As soon as any depositor realizes that bank deposits are likely to be redenominated into drachma, he will pull his deposits out of the banks so as to protect the value of his savings. But obviously only a few depositors will be able to do this before forcing the bank into closing. In order to prevent the resulting collapse in the banking system, the only thing Athens can do is to freeze bank deposits long before most depositors have had a chance to cash out". http://globaleconomicanalysis.blogspot.com/2011/11/history-suggests-greece-will-freeze.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29 Edited November 8, 2011 by midas Link to comment Share on other sites More sharing options...
Naam Posted November 8, 2011 Share Posted November 8, 2011 now this is not from zerohedge and I do believe Naam gave his seal of approvalto Mish so I think we are on relatively safe ground with this report wrong belief, although i consider Mish much more credible than the dozen clowns who air their views under the pseudonym "Dyler Turd" in Zerohedge. Link to comment Share on other sites More sharing options...
lovetotravel Posted November 8, 2011 Share Posted November 8, 2011 now this is not from zerohedge and I do believe Naam gave his seal of approvalto Mish so I think we are on relatively safe ground with this report wrong belief, although i consider Mish much more credible than the dozen clowns who air their views under the pseudonym "Dyler Turd" in Zerohedge. This was posted in another thread, but I think it sums up zerohedge quite well. A site for those who love conspiracy theories. http://curiouscapita...es-always-have/ Joe Hagan plays up the conspiracy angle in his excellent article on Zero Hedge in this week's New York mag—as Hagan recounts it, the blog didn't get any traction until founder Dan Ivandjiiski began pumping up the paranoia: [A]s his posts got more detailed, a theme began to emerge: Wall Street was a vast conspiracy. Nothing could be trusted. All markets were corrupt. The darker his vision the more popular he became. Link to comment Share on other sites More sharing options...
UphillStruggle Posted November 9, 2011 Share Posted November 9, 2011 Last week China didn't come up with the cash for the European bailout fund so this week the European banks are threatening warning that European banks may reduce lending to Asia http://www.ft.com/cms/s/0/8bf07df0-09f6-11e1-8d46-00144feabdc0.html#axzz1d8kTtu52 Link to comment Share on other sites More sharing options...
waza Posted November 9, 2011 Share Posted November 9, 2011 "Greece was a nuisance. Portugal was a nuisance, but Italy is not a nuisance. It is a really big deal," said Peter Boockvar, Miller Tabak strategist. Italy, the third biggest debtor nation, has drawn the attention of world markets because investors do not see its government as taking seriously enough the need to rein in costs.........The yield on the benchmark 10-year Italian bond surged to an intraday high of 7.453 percent, well above the 7 percent boundary that in effect prompted Greece, Ireland and Portugal to seek outside financial assistance as their cost of borrowing became too much.My link Link to comment Share on other sites More sharing options...
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