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hisah
#2161 Posted : Saturday, February 11, 2012 7:13:12 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
4 months later after Nigeria stated venturing to yuan reserves, they face economical headwinds out of the blues...

Meanwhile S&P downgrades many Italian banks. If only the short selling ban in euroland didn't exist smile

http://www.businessinsid...-34-italian-banks-2012-2
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2162 Posted : Saturday, February 11, 2012 3:23:28 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://news.yahoo.com/ch...ar-talks-101506153.html

Quote:
"The market in 2012 likely has sufficient supply-side flexibility" to adjust to any loss in Iranian volumes due to sanctions, its monthly report said. It cited softer demand growth, Saudi spare capacity and the resumption of supplies from Libya that were disrupted last year.


And when oil prices are at the $150 levels, what else will they say...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2163 Posted : Monday, February 13, 2012 5:54:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The hellenic politicos vote for another rescue package (i.e. more austerity) in the dead of the night. A lot of MPs kicked out for going against the coalition 'unity'.

The die has been cast...

http://www.athensnews.gr/portal/1/53244

In the meantime lame stream media is awash with Whitney's death. This planet is upside down!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2164 Posted : Monday, February 13, 2012 6:03:24 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
When people lose everything, they lose it. A major revolt is coming to the hellenic nation. Teargas don't work no more...

http://www.occupiedlondo...ing-and-looting-tonight/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Thiong'o
#2165 Posted : Monday, February 13, 2012 9:20:34 AM
Rank: Member


Joined: 10/14/2011
Posts: 661
British Prime Minister David Cameron is facing growing calls to cut huge aid handouts to India after a series of perceived snubs from the former jewel in the crown of London’s colonial empire.
http://www.nation.co.ke/.../-/1238fxg/-/index.html
hisah
#2166 Posted : Monday, February 13, 2012 10:06:45 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Thiong'o wrote:
British Prime Minister David Cameron is facing growing calls to cut huge aid handouts to India after a series of perceived snubs from the former jewel in the crown of London’s colonial empire.
http://www.nation.co.ke/.../-/1238fxg/-/index.html

Military industrial complex...

So muhindi becomes the latest customer to avoid those over hyped euro typhoon fighter jet. UK is fast running out of customers. Hmmm... seems the recent Libya display didnt stir excitement.

http://www.theregister.c...ofighter_beaten_by_f16/


There's an interesting scandal on those typhoons & the RAF for those interested in following the money...

Update - Also reminds of House of Saud & BAE military deals back in the 80s with Thatcher.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2167 Posted : Tuesday, February 14, 2012 2:19:47 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://www.youtube.com/watch?v=CX_n_4eMuC0

An interesting video from http://rebellioustruths.org

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2168 Posted : Tuesday, February 14, 2012 7:15:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Iran games and oil spikes continue...

http://www.bbc.co.uk/new...rld-middle-east-17027768
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2169 Posted : Wednesday, February 15, 2012 5:33:56 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Back in July CBS interviewed an oil tycoon after the US released their oil reserves to stem off the price spike at the pump. By then KE had ERC also fixing prices.

According to the tycoon his opinion was 2012 is when oil prices would spike back to $125 or even $150/barrel. He also said pump prices in US could spike to $5. That would be a record above the 2008 oil price spike. Everytime oil has an nasty price spike, economies go into slowdown and those that over leveraged go into recession.
Since Jan 2012 I've been looking at brent & WTI oil charts & I don't like their bullish patterns. Brent has already vaulted past $114 to confirm a retest of $125. When WTI vaults past $103, a retest of $115 will be coming. And with the persian tensions it is possible to see prices vault to nasty highs. It'll be difficult for net importing nations to control that imported oil inflation and their budgets & currencies esp developing econs will be under pressure once again like in 2011. Unless if the CBs & Fin Ministries find a way to print oil or avoid its importation... d'oh!

The interview -
http://www.youtube.com/watch?v=e9G1KxcGGgw

15 yr trend chart of pump price in US.

http://www.gaspricewatch...chart.php?period=15year

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Thiong'o
#2170 Posted : Wednesday, February 15, 2012 4:10:02 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
Keep Your Eyes on the Middle East

http://www.fool.com/inve...on-the-middle-east.aspx

and

This IPO Will Soar to New Heights

The Empire State Building is up for sale, and you could be one of its proud owners. Sound like a Nigeria-based email scam? Well I'm here to tell you that it's not -- though that also sounds like something a Nigeria-based email scam might say...

http://www.fool.com/inve...oar-to-new-heights.aspx
hisah
#2171 Posted : Wednesday, February 15, 2012 7:20:41 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Bullish extreme readings continue to warn of an impending reversal...



Assuming towards US election time the markets will be on a sell-side coupled with an persian offensive mission, a republican will most likely be president and vice versa if these conditions don't occur.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2172 Posted : Wednesday, February 15, 2012 7:58:13 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Iran trumpets nuclear advances, deepening standoff with West - http://www.reuters.com/a...an-idUSTRE81E0RF20120215
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2173 Posted : Wednesday, February 15, 2012 9:03:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
NASDAQ too overbought on daily chart... A selling bout is coming.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2174 Posted : Thursday, February 16, 2012 1:35:39 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Brent oil priced in euros. Oops! Euroland is experiencing a recession already & an ugly debt bomb. This cocktail is absolutely poisonous!? Once the persian tensions are resolved, oil prices will nosedive just like in july 2008 as well as global stocks. The lofty markets have lost it fundamentally!

Courtesy - zerohedge & bloomberg.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2175 Posted : Thursday, February 16, 2012 10:31:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
KK- I know what a credit event is, but the criteria for defining something as a credit event is very complex. Even if your house burnt down, please note that an insurer only pays out when they are 100% sure that it was an event that fits their criteria for paying out.
Greece will fall over because its society might balk at the required changes.


This bloomberg article says a lot and why a credit event is coming. Note how the top 5 US banks have misrepresented their euroland CDS exposure.

http://www.bloomberg.com...risk-for-u-s-banks.html

Also going thru Moody's current euroland report & the downgrades on several eurobonds shows why Allianz & Generali will likely fall over like AIG when PIIGS CDS get triggered.

http://twitter.com/moodysratings - many report releases per tweet.

In short I don't see anyone taking voluntary haircuts in this euro debt bomb party with everyone falsifying their exposure, which is many times over what is shown on the books.

http://www.bidus.eu/ags-...anz-outlook-to-negative


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
platinum seeker
#2176 Posted : Thursday, February 16, 2012 11:57:42 AM
Rank: New-farer


Joined: 10/22/2010
Posts: 35
Location: Nairobi
China Reduces Holdings of U.S. Treasuries to Lowest Level Since June 2010
http://www.bloomberg.com...st-level-since-2010.html
tonicasert
#2177 Posted : Thursday, February 16, 2012 12:19:16 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
hisah wrote:
Mainat wrote:
KK- I know what a credit event is, but the criteria for defining something as a credit event is very complex. Even if your house burnt down, please note that an insurer only pays out when they are 100% sure that it was an event that fits their criteria for paying out.
Greece will fall over because its society might balk at the required changes.


This bloomberg article says a lot and why a credit event is coming. Note how the top 5 US banks have misrepresented their euroland CDS exposure.

http://www.bloomberg.com...risk-for-u-s-banks.html

Also going thru Moody's current euroland report & the downgrades on several eurobonds shows why Allianz & Generali will likely fall over like AIG when PIIGS CDS get triggered.

http://twitter.com/moodysratings - many report releases per tweet.

In short I don't see anyone taking voluntary haircuts in this euro debt bomb party with everyone falsifying their exposure, which is many times over what is shown on the books.

http://www.bidus.eu/ags-...anz-outlook-to-negative





The bloomberg article... The big banks sit on the ISDA board!! On the other hand, we have IIF (read big banks) pushing for their case on Greek debts. Enyewe this is just a ponzi run by big corporates. None wants to take responsibility for the risks they undertook. Its all driven by shareholder and top mgt greed.
hisah
#2178 Posted : Thursday, February 16, 2012 7:54:52 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
tonicasert wrote:
hisah wrote:
Mainat wrote:
KK- I know what a credit event is, but the criteria for defining something as a credit event is very complex. Even if your house burnt down, please note that an insurer only pays out when they are 100% sure that it was an event that fits their criteria for paying out.
Greece will fall over because its society might balk at the required changes.


This bloomberg article says a lot and why a credit event is coming. Note how the top 5 US banks have misrepresented their euroland CDS exposure.

http://www.bloomberg.com...risk-for-u-s-banks.html

Also going thru Moody's current euroland report & the downgrades on several eurobonds shows why Allianz & Generali will likely fall over like AIG when PIIGS CDS get triggered.

http://twitter.com/moodysratings - many report releases per tweet.

In short I don't see anyone taking voluntary haircuts in this euro debt bomb party with everyone falsifying their exposure, which is many times over what is shown on the books.

http://www.bidus.eu/ags-...anz-outlook-to-negative





The bloomberg article... The big banks sit on the ISDA board!! On the other hand, we have IIF (read big banks) pushing for their case on Greek debts. Enyewe this is just a ponzi run by big corporates. None wants to take responsibility for the risks they undertook. Its all driven by shareholder and top mgt greed.

The date March 23rd 2012.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2179 Posted : Thursday, February 16, 2012 7:59:25 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Baltic Dry Index...

hisah wrote:
Something interesting about this shipping index... The nosedive since Dec 2011 is now at 64% (68% down since Oct 2011)... Euroland recession or euroland debt bomb... Hard options to pick; all bitter pills.



http://blogs.wsj.com/mar...dry-meltdown-continues/ - Blue pill

http://www.alt-market.co...renewed-market-collapse - Red pill

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2180 Posted : Thursday, February 16, 2012 8:01:42 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Inverted H&S on Brent oil long term chart. Target $123 once the bulls takes charge. Sad



No comment! d'oh! Divine intervention time for global economy Pray

If one was to do an elliot wave count on the current brent oil chart pattern, wave 3 is unfolding - the largest wave (rally phase) in this case when applying 1 - 5 wave count.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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