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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:murchr wrote:Its $18Bn for Ukraine. The IMF goody bag Poop bag. IMF has never been a saviour. That nation will in future default...  I pity this country...it fell right into the mouse trap. Lets wait and see how they will enforce the requirements esp that of not susbsidizing elec. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Vacuum tubes getting louder... That default sucking noise Rusal seeks debt deal to escape possible default - http://www.reuters.com/a...s-idUSL4N0MP20E20140328
Commodo prices will continue taking it on the chin until the confession chorus is done. Quote:Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach a new deal with creditors by Monday, it said after reporting its biggest annual loss since 2008. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Read first. "The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country. In an assessment of the rescue conducted jointly with the European Central Bank (ECB) and the European commission, the IMF said it had been forced to override its normal rules for providing financial assistance in order to put money into Greece..." Read more: http://www.theguardian.c...rity-would-do-to-greece
Then this. "Ukraine has secured an emergency bail-out of up to $18bn (£10.9bn) from the International Monetary Fund to stave off imminent default but will see no debt relief and will be forced to slash spending amid dangerous civil conflict. Critics say the package may be too small to stabilise the country as it spirals into depression with wafer-thin foreign reserves, and braces for a fuel shock as Russia’s Gazprom doubles the cost of energy in a move described by Washington as political harassment..." Read more: http://www.telegraph.co....MF-rescues-Ukraine.html
This time it's different.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karanjakinuthia wrote:Read first. "The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country. In an assessment of the rescue conducted jointly with the European Central Bank (ECB) and the European commission, the IMF said it had been forced to override its normal rules for providing financial assistance in order to put money into Greece..." Read more: http://www.theguardian.c...rity-would-do-to-greece
Then this. "Ukraine has secured an emergency bail-out of up to $18bn (£10.9bn) from the International Monetary Fund to stave off imminent default but will see no debt relief and will be forced to slash spending amid dangerous civil conflict. Critics say the package may be too small to stabilise the country as it spirals into depression with wafer-thin foreign reserves, and braces for a fuel shock as Russia’s Gazprom doubles the cost of energy in a move described by Washington as political harassment..." Read more: http://www.telegraph.co....MF-rescues-Ukraine.html
This time it's different. Yep. This time it's different 
I still expect Greece to default soon. Ukraine is worse; broke treasury and super size fuel price hikes will crash their econ. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Germany joins the yuan boat - http://www.bloomberg.com...s-xi-visits-merkel.html
UK too wants in on the yuan - http://www.brecorder.com...ith-china-next-week.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The latest: Statement at the Conclusion of an IMF Mission on Zimbabwe Press Release No. 14/135 March 27, 2014 The authorities and the mission made progress in discussions towards an understanding on a package of policy measures and reforms to be monitored in the context of the SMP through June 2014. Discussions on these policies and reforms will continue on the sidelines of the annual IMF and World Bank Spring Meetings in early April; and the authorities remain committed to work on the outstanding deliverables under the program with the goal of completing the review of the SMP. Consideration of the Article IV Staff Report by the IMF Executive Board is scheduled for mid-June 2014, when the mission team will also update the Board on the implementation of policies under the SMP. See more http://www.imf.org/exter.../sec/pr/2014/pr14135.htm
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Risks on Kenyan EconomyConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Quote:...we should anticipate a continuation of policies that assume that monetary expansion can spur economic growth. It cannot. Monetary expansion can spur phony economic growth; i.e., fooling entrepreneurs to invest capital in projects that will not return a profit. GDP may go up — temporarily. Employment may go up — temporarily. Janet Yellen and her fellow Keynesians believe that the Fed, through money creation, can create software engineers, doctors, nurses, and steel mills. In other words, they think they’re creating real resources. It’s nonsense, Quote:The Fed likes to think of QE as a jump start, a one-time boost, a helping hand, etc. But these are false analogies. QE funds projects that cannot exist in its absence; therefore, when QE ends or even slows down, these projects will be revealed to be unprofitable. No amount of cost cutting will make them profitable. They were born of QE and they will die when QE ends. Quote:The Fed has painted itself into a corner. There is no way that the nation can avoid either a recession or the collapse of the value of the dollar. What To Expect From Janet YellenConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Expect riots in Kiev in the coming months. Reuters wrote:* Price discount was agreed before political crisis
* Gazprom says Ukraine's gas debt is $1.7 billion
* Naftogaz chief to visit Moscow this week (Adds detail, background)
By Vladimir Soldatkin
MOSCOW, April 1 (Reuters) - Russian natural gas producer Gazprom announced a more than 40 percent increase in the price of gas for Ukraine on Tuesday, stepping up economic pressure on Kiev in its crisis in relations with Moscow.
Price rows have in the past led to cuts in Russian gas supplies to Ukraine and decreases in onward deliveries to Europe, but this time the financial blow to Kiev is set to be cushioned by a new International Monetary Fund loan package. Ukraine will now have to pay $385.5 per 1,000 cubic metres of gas in the second quarter, an increase from the $268.5 agreed in December and higher than the average price for clients in the European Union but around the level Kiev had expected.
http://www.reuters.com/a...s-idUSL5N0MT14Z20140401
In other news Russia may revoke a deal with Ukraine, which gave Kiev a considerable discount on gas in exchange for hosting the Russian Black Sea fleet. The Russian PM said this would oblige Kiev to return $11 billion which Russia paid to lease the bases. The deal, which was signed in 2010 in Kharkov, extended permission to Russia to keep the Black Sea fleet at its base in Sevastopol for 25 years after 2017, when the current agreement was due to expire. In exchange Moscow offered Ukraine incentives, including a discount on the price of gas and a waiver for some payments to Russia. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Quote:The fear of deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world. It is why the Federal Reserve targets a price inflation rate of 2 percent, and not 0 percent. Quote:Leading Keynesian Paul Krugman, in a 2010 New York Times article titled “Why Deflation is Bad,” cited deflation as the cause of falling aggregate demand since “when people expect falling prices, they become less willing to spend, and in particular less willing to borrow.” Quote:...But we know from experience that, even in the face of falling prices, individuals and businesses will still, at some point, purchase the good or service in question. Consumption cannot be forever forgone. Quote:If deflation does not cause recessions (or depressions as they were known prior to World War II), what does? And why was it so prominently featured during the Great Depression? According to economists of the Austrian School of economics, recessions share the same source: artificial inflation of the money supply. The ensuing “malinvestment” caused by synthetically lowered interest rates is revealed when interest rates resort to their natural level as determined by the supply and demand of savings.
In the resultant recession, if fractional-reserve-based loans are defaulted or repaid, if a central bank contracts the money supply, and/or if the demand for money rises significantly, deflation may occur. More frequently, however, as central bankers frantically expand the money supply at the onset of a recession, inflation (or at least no deflation) will be experienced. So deflation, a sometime symptom, has been unjustly maligned as a recessionary source. Quote:Now unmoored from any gold standard constraints and burdened with massive government debt, in any possible scenario pitting the spectre of deflation against the ravages of inflation, the biases and phobias of central bankers will choose the latter. This choice is as inevitable as it will be devastating. Deflating the Deflation MythConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 1/14/2014 Posts: 178
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FBI probes high-speed trading on US stock markets. Does this happen here? Just wondering. BBC News LinkGo for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 4/14/2011 Posts: 639
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Rank: Member Joined: 4/14/2011 Posts: 639
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murchr wrote:Expect riots in Kiev in the coming months. Reuters wrote:* Price discount was agreed before political crisis
* Gazprom says Ukraine's gas debt is $1.7 billion
* Naftogaz chief to visit Moscow this week (Adds detail, background)
By Vladimir Soldatkin
MOSCOW, April 1 (Reuters) - Russian natural gas producer Gazprom announced a more than 40 percent increase in the price of gas for Ukraine on Tuesday, stepping up economic pressure on Kiev in its crisis in relations with Moscow.
Price rows have in the past led to cuts in Russian gas supplies to Ukraine and decreases in onward deliveries to Europe, but this time the financial blow to Kiev is set to be cushioned by a new International Monetary Fund loan package. Ukraine will now have to pay $385.5 per 1,000 cubic metres of gas in the second quarter, an increase from the $268.5 agreed in December and higher than the average price for clients in the European Union but around the level Kiev had expected.
http://www.reuters.com/a...s-idUSL5N0MT14Z20140401
In other news Russia may revoke a deal with Ukraine, which gave Kiev a considerable discount on gas in exchange for hosting the Russian Black Sea fleet. The Russian PM said this would oblige Kiev to return $11 billion which Russia paid to lease the bases. The deal, which was signed in 2010 in Kharkov, extended permission to Russia to keep the Black Sea fleet at its base in Sevastopol for 25 years after 2017, when the current agreement was due to expire. In exchange Moscow offered Ukraine incentives, including a discount on the price of gas and a waiver for some payments to Russia. http://rt.com/news/ukrai...tsk-protest-russia-733/
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Goldilocks Reloaded wrote:FBI probes high-speed trading on US stock markets. Does this happen here? Just wondering. BBC News Link Came across this story in Fareed Zakaria's GPS and I couldn't believe it. Yaani an investor spent millions of dollars digging a trench (ya kuweka cable) from Chicago all the way to NYC, all for a 4ms advantage in internet speeds? Unbelievable!! http://www.motherjones.c...danger-risk-wall-street
http://www.theverge.com/...ers-for-insider-trading
http://www.spectator.co....021/the-need-for-speed/
Here's the video: http://www.cnn.com/video...is-sot-scalping.cnn.htmlLife is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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For me I don't want to worry about this HFT issue. No individual or group of individuals can have a long term effect on the prices of financial assets. And, considering the size of the US market, you get the feeling that this HFT trading thing is just another of those 'hot news' that an investor is better off ignoring. The only thing the HFT thing can do is to take advantage of an opportunity that is already available in the market anyway. Heck, it's like somebody who has decided, based on his/her technical analysis that when the price hits a given level they will sell or buy. How does this affect the direction of the market?  Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Had to look for it! Interesting how common folks are viewed!!! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:For me I don't want to worry about this HFT issue. No individual or group of individuals can have a long term effect on the prices of financial assets. And, considering the size of the US market, you get the feeling that this HFT trading thing is just another of those 'hot news' that an investor is better off ignoring. The only thing the HFT thing can do is to take advantage of an opportunity that is already available in the market anyway. Heck, it's like somebody who has decided, based on his/her technical analysis that when the price hits a given level they will sell or buy. How does this affect the direction of the market? @mnandii - familiarize yourself with the term quote stuffing. Then see why trading the news is always a casino. Then get the nanex news feed and watch the circus.
Quite an interesting article - http://blog.themistradin...h-boys-mystery-solved/#
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The bizarre banker suicides and murders are still piling up - http://www.bloomberg.com...found-dead-at-home.html The system is fighting hard for survival as confessions in the financial world go mainstream. #West banker faction vs East banker faction guerilla war... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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For Le Squid to do this, something quite significant is in the offing. http://www.reuters.com/a...0N04V320140408?irpc=932 Citi, JP Morgue, and now Le Squid. Where there's smoke... IPO floats, banker suicides/homicide, record fines, selling biz, closing biz and too many conspiracy theories now going mainstream... *When conspiracy theories become news, that's usually the last confession phase...* $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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