By: new_me@y7mail.com
30/11/2009
4:08 am Yahoo! Profile:
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| They BOTH matter, you bloody fool. |
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By: new_me@y7mail.com
30/11/2009
4:07 am Yahoo! Profile:
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| I won't ask Chris to connect the dots because this has to do with fundamentals and TA is the ONLY thing that matters. That's right, isn't it Chris? |
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By: new_me@y7mail.com
30/11/2009
4:04 am Yahoo! Profile:
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The focus is on credit risk. Interest rates also.
Gold doesn't pay interest. However that is more than off-set as it goes up in uncertain times.
Connect the dots. |
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By: new_me@y7mail.com
30/11/2009
3:36 am Yahoo! Profile:
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"It's $59b for F's sake
Chicken feed!
Don't wet your pants over it"
That's not the issue. It's whether or not it will be an on-going thing.
Will other countries do something similar.
Any wonder why I prefer gold? You don't know what is around the corner. In all that panic, the price of gold made an intraday day ATH. Only by a few cents but it still did it. Did stock markets? |
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By: perceptions_now
30/11/2009
12:34 am Yahoo! Profile:
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U.A.E. Central Bank Makes Additional Liquidity Facility to Banks
Nov. 29 (Bloomberg) -- The United Arab Emirates' Central Bank stands behind local and foreign banks operating in the country and made an additional liquidity facility available to them, it said in an e-mailed statement today.
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=aVkB.mQl0pJs&pos=1
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Is that the sound of the cavalry riding over the hill? |
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By: perceptions_now
29/11/2009
11:20 pm Yahoo! Profile:
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Let me put it this way, the ETS will put more money into government revenue, than will finally be taken out & by my observations, I would call that, a means of "raising Tax"!
On what do I base that assumption?
If, as suggested, more money than is raised from the Public is to be given back to them, then what incentive would there be to reduce Emmissions, by reducing consumption of the products generating those emmissions?
What is the point of the massive subsidies to be paid to various Business interests, if they simply use offset credits in dodgy practices, from other 3rd world countries or here in OZ, with the end result being THAT EMMISSIONS ARE NOT REDUCED, AT ALL!
I say again, the ETS & Cap N Trade programs ARE NOT ABOUT FIXING THE CLIMARE PROBLEM, THEY ARE ABOUT REVENUE RAISING & continuing the status quo, as long as possible.
If real results are the real issue, it would be preferable to set anuually verifiable Emmission reduction targets, to start immediately, at say 3% per year.
All businesses & indeed all private people should be involved, with Tax Credits provided (or additional pensions), where targets are achieved or a Tax Loading, where the target is not met.
Any business with a solid long term future, with a real reduction program will survive, but also obtain value Tax benefits to drive their progress.
Those businesses who may have been floating red herrings, will be caught out, penalised with Tax Loadings and be relegated to history.
Such is the way of Real Capitalism & Darwin, the survival of the fittest!!! Capitalism, nor any other Political system, will survive, in the long term, by bribery or avoiding reality!
As has been said, it would be a pity to waste a calamity, like we are now facing with Climate Change & Peak Oil, without actually trying to make some real progress!
If we must face an Energy crunch, let's at least try to use it, as part of the transition, to the next workable economic/energy system! |
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By: badtrader@ymail.com
27/11/2009
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It's $59b for F's sake
Chicken feed!
Don't wet your pants over it |
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By: perceptions_now
27/11/2009
9:30 pm Yahoo! Profile:
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Call me a SKEPTIC!
Yes, you can say I am skeptical, but it would not surprise me to see "a solution pop up", to "solve" the Dubai issue!!
It would be better for some party's, to "solve" this issue, "even if it is the usual smoke & mirrors solution", it would prevent a wider contagion!!! |
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By: professor.inglis
27/11/2009
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S&P Futures down 3% too:
"S&P futures slide more than 3 pct as Dubai woes bite 1:17am EST
HONG KONG, Nov 27 (Reuters) - Futures on the U.S. S&P 500 tumbled more than 3 percent on Friday, extending losses after Dubai's decision to suspend billions in dollars of debt repayments from two flagship companies "
http://www.reuters.com/finance/markets/us |
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By: professor.inglis
27/11/2009
7:21 pm Yahoo! Profile:
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Europe falling now, again
http://www.reuters.com/article/
"FRANKFURT, Nov 27 (Reuters) - European shares extended their steep fall on Friday, after suffering their biggest one-day drop in seven months a day earlier, as concerns about debt problems in Dubai continued to dent appetite for risky assets.
By 0806 GMT, the FTSEurofirst 3000 .FTEU3 was down 1.4 percent at 974.94 points, having fallen 3.3 percent on Thursday.
J a p an's Nikkei .N225 hit a 4-month closing low on Friday after Dubai, part of the oil-exporting United Arab Emirates, earlier this week said it would ask creditors of state-owned Dubai World and Nakheel to agree to a standstill on billions of dollars of debt" |
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By: professor.inglis
27/11/2009
7:12 pm Yahoo! Profile:
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| Yes those happened when the DOW dropped 500 points in Oct 1987 !! |
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By: perceptions_now
27/11/2009
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DOW FUTURES- 10,125 (DOWN 317 @ 2.58am NY time)
There may be more "technical glitches" in NY before this day ends. |
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By: professor.inglis
27/11/2009
6:50 pm Yahoo! Profile:
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HSBC, the worlds "best" bank gets toasted.
"Dubai World’s Istithmar investment fund has $3.5 billion in businesses as diverse as Irish textbook publishers and aerospace companies. Last year Istithmar also bought a 20 per cent stake in Cirque du Soleil and the Canadian circus performers have since established a permanent base in Dubai.
In the less glamorous world of ports, DP World became the third-largest operator globally after its acquisition of P&O. It owns Dubai’s Jebel Ali port and various other container terminals around the world.
In Britain DP World operates container terminals at Tilbury, near London, and Southampton, and is building a port called London Gateway. Many of the goods that are imported into Europe are, therefore, transferred through ports owned or operated by Dubai — the source of US concern when the P&O deal was struck. The Arabian group bowed to pressure after buying P&O and sold the American ports to another company. Dubai World yesterday ring-fenced DP World from the rest of the company’s debts. This was seen as an attempt to protect the profitable ports division from potential creditors.
It is Nakheel, Dubai World’s property developer, that has been causing the difficulties. The company, which built the Palm Islands in the Gulf, was due to repay a $4 billion Islamic bond on December 14. Most investors had assumed that there would be no difficulty doing so as Dubai World, the Government of Dubai and Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s billionaire ruler, were assumed to be supporting the developer. It now appears that nobody has the money to repay or refinance the bond and so the other $56 billion of Dubai World’s liabilities are also at risk.
This triggered a run on international bank stocks as investors worried about their exposure to Dubai World, which accounts for nearly three quarters of Dubai’s state debt. Falling share prices wiped £14 billion off the UK banking sector alone."
http:// ... |
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By: professor.inglis
27/11/2009
6:48 pm Yahoo! Profile:
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Need a few cheap golf courses? "The standstill raises the possibility that Dubai World could default on its debt. The fear in Western markets is that banks risk losing billions, causing more paralysis in the lending markets. Dubai World’s difficulties also raise the prospect that it may be forced into a fire sale of its assets, which include some famous names in the UK. Leisurecorp, one of the many subdivisions within Dubai World, bought Turnberry, the golf course that hosted this year’s Open Championship, for £55 million last year. It also owns the Chris Evert tennis centres and more than 200 golf courses across the US — all assets that could be sold quickly to help to repay debt back home."
http://business.timesonline.co.uk/tol/business/mar kets/the_gulf/article6934221.ece |
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By: professor.inglis
27/11/2009
6:16 pm Yahoo! Profile:
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"HONG KONG (AP) -- Asian stock markets tumbled Friday, with South Korea down nearly 5 percent, as fears mounted over the fallout from Dubai's massive debt problems and the dollar continued its slide against the J a p anese yen.
AP - A money trader work at a dealing room the U.S. dollar rate against *** anese yen on the Foreign ...
It was the region's second day of losses and followed a rout in European markets. Oil, meanwhile, dived to near $75 a barrel."
source yahoo usa |
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By: professor.inglis
27/11/2009
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RE "As I said, volatility increasing, it's either hang on for a wild ride or get out of the kitchen!!!"
The problem is actually made much worse by fast program trading. So don't expect it to improve/change too much.
Investors will likely get hammered. Smart traders will be ok.
Some people will give up, move out of stocks (and super) into real property and rentals so they can sleep at night. |
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By: perceptions_now
27/11/2009
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U.K. shares tumble on Dubai debt worries
FTSE 100 index loses 3.2%
LONDON (Marke Watch) -- Worries about the British banking sector's exposure to Dubai debt left London shares sharply lower Thursday.
Trade had been halted at midmorning due to a technical glitch. When action resumed in the afternoon, London shares remained under pressure.
Exchange operator London Stock Exchange saw its shares /quotes/comstock/23s!e:ls e (UK:LSE 754.50, -60.00, -7.37%) decline 7.4%. The LSE's biggest shareholder is Borse Dubai, which holds a stake of around 20% in the LSE.
Middle East connections were thrown into the spotlight after the conglomerate Dubai World sought to delay debt payments. The company, the largest corporate entity in Dubai, has around $60 billion in liabilities and will seek a six-month "standstill" on debts with all lenders. See story on Dubai's impact on financial markets.
Link -
http://www.marke Wa tch.com/story/british-sha res-drop-as-banks-miners- slide-2009-11-26
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Being a skeptical person, I would be thinking that the "technical glitch" was more likely to be a designed bit of space, for the market to catch its breath? |
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By: perceptions_now
27/11/2009
5:40 pm Yahoo! Profile:
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The Mighty US$
US$ Index (basket of Currencies: @ 75.16
http://www.goldseek.com/quotes/charts/usdollar/usd ollarindex24hour.php
Euro - US$: @ 1.4916
AUD$ - US$: @ .9018
AUD$ - GBP: @ 0.5497
AUD$ - Euro: @ 0.6046
http://www.bloomberg.com/markets/currencies/fxc.ht ml
Gold - @ US$1,179.40
Oil - @ US$75.22
DOW FUTURES- 10,185 (DOWN 257 @ 1.13am NY time)
All Ords - 4597 (Down 130 Friday close)
http://www.bloomberg.com/?b=0
THERE was movement at the FED, for the word had passed around, That the US$ was an old Regret and its value had long since passed away
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Volatility continues to pick up pace, with the Dubai incident!
US$ index picking up on that volatility, as did the US$ against the EURO & the AU$, with the AU$ having substantial losses against the US$, the EURO & the GBP.
Also, another fall in the Oil price, now looking to go under $75.00.
There have been substantial falls in most equity markets, with Australia retreating 130 today and the DOW Futures currently off 260, after the US holiday on Thursday!
As I said, volatility increasing, it's either hang on for a wild ride or get out of the kitchen!!! |
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By: jacko654
27/11/2009
9:29 am |
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By: new_me@y7mail.com
27/11/2009
9:15 am Yahoo! Profile:
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You an even bigger fool than I gave you debit for jackoff. You and your "overwhelming evidence" about me and my "other multi niks" and all the other shiit you accuse me of continually with NOTHING more than your lies and twist to suit what you want to say about them. You are too stupid to see that a lot of these IDs are from some clown trying to make out it is me. The exception is the professor but even Chris can see he isn't me.
Wake up to yourself you bloody idiot! |
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By: jacko654
27/11/2009
8:55 am |
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By: nonsheeple
27/11/2009
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"According to a new US government report, the new medical assistance law, when fully implemented, provides the framework for making the United States the first Nation in the World to require each and every one of its citizens to have implanted in them a radio-frequency identification (RFID) microchip for the purpose of controlling the entire world's population."
One of the nonsheeple people |
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By: new_me@y7mail.com
27/11/2009
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"Anyone who agrees so much with Bruce fits the "too many similarities" imho. Would a real professor even bother to comment that "i think he doesn't like you that much"? No - that sort of comment comes from small minds like bruce...not a professor of anything."
There you are. There is more of his - substantial evidence - I think he called it. What more proof could you possibly want? |
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By: jacko654
27/11/2009
8:18 am |
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By: new_me@y7mail.com
26/11/2009
11:59 pm Yahoo! Profile:
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"He probably does not like you that much??"
No "probably" or question marks and you've got it.
I am at at a loss as to why you "turkeys" think we are the same person. Your pathetic reasons are ridiculous.
You have to be joking and think it's funny is all I can assume. Small things amuse small minds. |
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