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Sufficiently Philanga....thropic
#2421 Posted : Monday, May 28, 2012 10:50:23 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Mainat wrote:
Spain's issues are sweat inducing http://tgr.ph/JNy6fq. Bank's loaned €2trn but had €1.2trn deposits.
I keep wondering whether I should be investing in PIGS debt. Only prob. I might have to take 50% discount on the principle.

Haircut my footsmile
@SufficientlyP
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hisah
#2422 Posted : Monday, May 28, 2012 5:36:05 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Italian CDS rates. Pasta is cooking just fine. Investors will soon be served with Spatalia lasagna... I hope they'll be having solid appetite to stomach the broth to wash it down their throats.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2423 Posted : Wednesday, May 30, 2012 7:58:42 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Standard bank SA... The bankster fight by mainstreet is now global.



http://gosouthonline.co....he-minister-of-finance/

Quote:
Tellinger is a South African businessman fed up with banking practices in the country. Looking at the posts of support, he is not alone by a long stretch. In fact, he’s so fed up he has just filed his 1,100-page notice of motion against Standard Bank in the Constitutional Court, accusing the bank of “unlawful and unconstitutional activity”.

He also served the notice on the Reserve Bank and the Minister of Finance, alleging they are jointly and consciously implicated in the “unscrupulous and devious activity” that has led to “unimaginable financial hardship of the South African people”.


Basically this SA petition is similar to what Jerome Daly brought forward in 1969 against the a particular bank in the US.

https://www.youtube.com/watch?v=xSqi1N_RrUs


Coming soon next to you...

www.youtube.com/watch?v=UlHuJI5-PNc

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2424 Posted : Wednesday, May 30, 2012 8:05:18 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Margin call - https://www.youtube.com/watch?v=Y2DqFRsPrns - "In this business either be first, or smarter or cheat, if you know you are selling something that has no value!"

The banksters anthem...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2425 Posted : Thursday, May 31, 2012 5:59:17 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EA CFOs don't like the high interest rate regime as well as the volatile currencies and high inflation. They remain bearish on the economy outlook.

http://standardmedia.co....oxes-CFOs-into-a-corner
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2426 Posted : Thursday, May 31, 2012 6:12:03 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Spanish bond yields at euro era highs. Espana investors are shivering after bankia's nationalization. 10yr yield above 6% aiming for 7% making the bailout alarm to go off. Eurocrats houdini moment to the rescue or will they with Italy closely behind...

http://www.charlotteobse...yields-hit-euro-era.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2427 Posted : Thursday, May 31, 2012 6:24:41 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Meanwhile US 10 year bond yield hit a 60yr low as global investors flee to the dollar. The same is happening to the German 10yr bund as investors flee euroland eurobonds. This will see a strong USD vs Euro for a while until this behaviour reverses... And should the ECB cut its fund rate to stimulate the sqeaky euroland economies, that euro will bleed heavily.

http://www.cnbc.com/id/47611038
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2428 Posted : Thursday, May 31, 2012 7:00:19 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Brazil cuts fund rate to record low as their economy limps signalling more easying on the way to massage the economy. This year the BRIC econs are taking it in the chin as euroland crisis unravels.

http://www.bloomberg.com...o-crisis-deepens-1-.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2429 Posted : Thursday, May 31, 2012 7:52:53 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
A trader has sued ERC due to fuel price hikes.

www.businessdailyafrica....22/-/m42aoh/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2430 Posted : Thursday, May 31, 2012 8:08:57 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! This is quite something. Axa a french insurance group stopped buying Spatalia (spain & italy) bonds several months ago. They also stopped a few years back on Greece. So if an insurer is avoiding spatalia bonds, goodluck ECB & Spatalia citizens.

www.skynews.com.au/busin....aspx?id=755924&vId=
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Metasploit
#2431 Posted : Thursday, May 31, 2012 8:48:24 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
And the woe continues

http://www.gulf-times.co...e_id=48&parent_id=28

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#2432 Posted : Thursday, May 31, 2012 12:45:35 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Spatalian CDS rates keep rising... Sovereign default insurance getting expensive by the day.


Spanish 5yr CDS rate - this one is already rocketing to new record highs.



Italian 5yr CDS rate - soon to test record highs and surpass them as the euro drama accelerates...


Quote:
Ultimately, investors fear that the eurozone’s No. 4 economy behind Germany, France and Italy could need a bailout of the entire nation. Many believe that would be too big to handle because Spain’s economy is bigger than those of Greece, Ireland and Portugal together.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2433 Posted : Saturday, June 02, 2012 8:31:12 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Very glad to see brent taking it in the chin. Hope it breaks below $100. Who needs expensive oil with a limping global economy taking large knocks for a sinking eurozone...



Btw does this mean the persian faceoff has run out of steam?

Stated on May 5th. Brent below $100 handle. Wish I had shorted it, but that persian war cry kept me off.

This is good for importing nations, but with KES slipping badly this month, not good for fuel prices.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2434 Posted : Saturday, June 02, 2012 9:07:41 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Getting in today at BGZ ETF at $20.80. This is a contra play for the looming correction on the DJIA. A bit risky for now, but I like the fact that Dow is floating towards 14K on vapour volume which is unsustainable.

http://seekingalpha.com/...erdue-market-correction

http://www.americanbulls...etTicker=NYSE&Typ=S


March 23rd fast approaches smile

@alibaba - I hope you got into BGZ. Since March 22nd its now 25.5% up. This would have helped hedge positions in US markets. I still expect it to test $30-32 in coming weeks as per weekly chart pattern. Only then can I see equities as heavily oversold.

With S&P closing @1278 it's now below SMA 200. Classic bear signal. DJIA is now negative for the year despite all those 14,000 points hype merry calls back in March 2012.

The target for USD index is likely 87-90. At those levels
the FED will most likely intervene to stem off the USD strength.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2435 Posted : Saturday, June 02, 2012 2:55:12 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
How greedy officials killed a dream meant for youth
http://www.nation.co.ke/.../-/15grlln/-/index.html
GOD BLESS YOUR LIFE
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QW25091985
#2436 Posted : Saturday, June 02, 2012 3:15:33 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
youcan'tstopusnow wrote:
How greedy officials killed a dream meant for youth
http://www.nation.co.ke/.../-/15grlln/-/index.html


very sad indeed.
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Cde Monomotapa
#2437 Posted : Saturday, June 02, 2012 4:43:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
I will say it here again. Not even rumors of war can overcome the broad based sour fundamental realities of Western economies as far as oil mkts are also concerned.
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Cde Monomotapa
#2438 Posted : Saturday, June 02, 2012 4:59:35 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Just yesterday the EU was begging SA to abandon their look BRIC policy. The economic world has since.
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hisah
#2439 Posted : Tuesday, June 05, 2012 9:14:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
I will say it here again. Not even rumors of war can overcome the broad based sour fundamental realities of Western economies as far as oil mkts are also concerned.

I can see you still an oil bear like me smile

I hope the price drowns to $60 - $70/bbl or lower. The oil cartel has lost it with trying to rocket prices with very ugly global economic status since 2009. They should be sued for global economy sabotage!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2440 Posted : Tuesday, June 05, 2012 10:19:56 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Germany to the rescue. Go euro... Liar

http://www.marketwatch.c...one-ackermann-2012-06-04
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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