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hisah
#941 Posted : Monday, June 27, 2011 7:53:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.angelnexus.com/o/web/27449
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#942 Posted : Monday, June 27, 2011 10:28:32 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Around the middle of this week the Greek Parliament would vote for the latest round of austerity measures necessary to get the second bailout package from the EU and the IMF. Many economic hotshots are saying that if the Parliament fails to pass the new batch of austerity measures, it might trigger a sell-off in high-yielding assets that could rival the Lehman Brother era!
“small step for man”
hisah
#943 Posted : Tuesday, June 28, 2011 10:38:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://online.wsj.com/ar...576411930841416682.html

All banksters should pay attention esp US Fed, ECB & BoJ. This is what happens when the hens wake up smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#944 Posted : Wednesday, June 29, 2011 5:01:30 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
http://online.wsj.com/article/SB10001424052702304447804576411930841416682.html

All banksters should pay attention esp US Fed, ECB & BoJ. This is what happens when the hens wake up smile

IMF...always dangling the carrot.but why do i also think that it was thru that governor that IMF black-handed to-the-weakness of Kabul bank?
Ceinz
#945 Posted : Wednesday, June 29, 2011 1:49:20 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
(RTTNews) - U.S. stock futures suggests nervousness ahead of a key parliament vote in Greek on austerity measures- a much needed approval to implement measures to appease Eurogroup officials before they can release further financing for the beleaguered nation.

As of 6:30 am ET, the Dow futures are rising 33 points, the S&P 500 futures are advancing 4.70 points and the Nasdaq 100 futures are gaining 9 points.

U.S. stocks advanced for a second straight day on Tuesday, as optimism concerning Greece successfully navigating through the parliament vote increased.

The major Asian markets ended mostly higher, with the buoyancy seen on Wall Street overnight, a positive industrial output data out of Japan and a rebound in commodity prices helping sentiment. Meanwhile, the Chinese market retreated sharply, with the Shanghai Composite receding over 1 percent. Hong Kong's Hang Seng Index ended flat.

Japan's Nikkei 225 average opened notably higher and moved roughly sideways for the rest of the session, closing up 148.28 points or 1.54 percent at 9,797, its closing level since May 11th.

The European markets are advancing strongly for a second straight session, with the major averages in the region trading with gains in excess of 1 percent each.

The Greek parliament is set to vote on austerity measures following 3 days of deliberations amid a lot of opposition from the public. The results of the vote are expected around 8 am ET.

Commodities are gaining further amid the weakening of the dollar.

WWW.RTTNews.com.
“small step for man”
cnn
#946 Posted : Wednesday, June 29, 2011 6:18:12 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
A relief for the markets,the Greek parliament has voted for the austerity measures by 155 votes in the 300 member parliament.
hisah
#947 Posted : Wednesday, June 29, 2011 6:46:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Moments before the voting... A stone throwing - teargas party...

http://www.youtube.com/w...;feature=watch_response

Eventually the Greece parliament passes the vote on austerity measures... And there goes the ministry of finance building up in smoke; literally!?

"The roof, the roof, the roof is on fire... Follow the leader..."

http://www.businessinsid...lding-is-on-fire-2011-6

http://www.reuters.com/a...e-idUSLDE75S0XY20110629

Egypt here we come... Some MV is about to tank soon...

And since the first time the Greece cracks showed up in Nov 2009, their stock market has been "very bullish"... with or without bailout?!Not talking Liar

http://www.tradingeconom....com/greece/stock-market
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Scubidu
#948 Posted : Thursday, June 30, 2011 12:36:25 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
karanjakinuthia wrote:
@Scubidu: The questions we should all be asking ourselves is:

1. What is the international perception of a currency?

2. Is the currency movement a structural shift or speculation?

For the first answer, the Australian and Canadian Dollars, Swiss Franc are presently considered as safe haven, therefore an increase in interest rates attracts capital. The opposite applies to the Euro whereby an increase in interest rates is bearish for it adds on to interest payments.

The second answer builds on the first, a structural shift is taking place with the rise of Asia, the fall of Western civilization due to debt and taxes, and concentration of capital in commodities. The Aussie ticks all three boxes, the Cando two boxes and the Swissie one box. Money supply will rise in all three nations as capital flows in, higher interest rates to dampen demand will have the opposite effect of drawing even more capital.


@Drake: This is an ascending triangle whereby there's an attempt to breach a resistance level multiple times. There's a swift break-out, fall back and run away:

http://stockcharts.com/s...ns:ascending_triangle_c



@kk. Thanks. Will look into this matter further. What you think of @ceinz point though.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
Scubidu
#949 Posted : Thursday, June 30, 2011 12:42:56 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Scubidu wrote:
@kk. Seems and sounds too fatalistic. If there was more severe tightening, you believe this would have happened anyway? I had a debate on whether this was simply a correction on the previous KES mispricing, but these price controls in the money mart have created the problem. CBK is complicit as evident by the use of the window; they just thought the market was rational.


Quick response to a breach of money mart price controls. CBK set a price ceiling on interbank, but, banks sort to exploit them. So keep banks in their place by not doing things in a conventional manner. Looks like a temporary solution though.

Read more:

http://www.businessdaily...2/-/tlqp9xz/-/index.html
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
Cde Monomotapa
#950 Posted : Thursday, June 30, 2011 5:29:11 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
What's up in this article? How is the CBR & Over-night rate related?
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