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Investors Lounge
Rankaz13
#4011 Posted : Sunday, November 10, 2013 1:34:29 AM
Rank: Elder

Joined: 5/21/2013
Posts: 2,841
Location: Here
Major BitCoin theft from website.
Life is like playing a violin solo in public and learning the instrument as one goes on.
hisah
#4012 Posted : Sunday, November 10, 2013 8:08:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977

Bitcoin at Record, Senate Seeks to Discuss
Virtual Money


@KK - this bitcoin momentum has made the chicago fed release a writer up called 'Bitcoin: The Primer'.

Bitcoin is now getting attention of the solid money masters with ECB already calling it a ponzi last year.

It'll be interesting to see how a stateless currency will be manipulated by the money masters as the herd starts to piles in.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#4013 Posted : Sunday, November 10, 2013 10:34:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Venezuela 'Occupies' An Electronics Chain To Offer Lower Prices

Quote:
Venezuelan President Nicolas Maduro essentially nationalized an electronics chain in order to "protect the middle class."

Maduro then ordered the "occupation" of a five-store chain called Daka and said his government would reprice its products so they were fair.

El Universal reports that the owners of the stores have been detained and that Maduro also said that his government is preparing a "special operation to protect the right of our people to buy themselves a little car."



This OPEC member country is in a madness status post Chavez.

#Chavez withdrawal syndrome...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#4014 Posted : Sunday, November 10, 2013 10:59:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
These days it's so easy to spot the PM (Gold and Silver) market manipulation and the hidden hands are not even bothered about hiding it any more. Are they getting desperate smilesmile

Comex New York gold close on Nov 7



Comex New York gold close on Nov 8


#same time on diff days banging down the price...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
symbols
#4015 Posted : Monday, November 11, 2013 5:46:25 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
webish
#4016 Posted : Monday, November 11, 2013 8:31:24 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi


Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'.

Tourism at the major Greek Islands also very affordable. I agree with this comment from that article;

QUOTE: "I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?"

Life is joy, death is peace, but the transition is very difficult.
karanjakinuthia
#4017 Posted : Monday, November 11, 2013 11:54:40 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
The Nairobi Securities Exchange 20-Share index has now completed a 172 trading-day sideways consolidation pattern, setting up a thrust above the 5000 level after 3 previous attempts. During the Global Financial Crisis, the Dow Jones Industrial Average Index fell for 17.2 months. The numbers 172 are present in both instances.

Read more:

http://www.scribd.com/do...hare-Index-Breakout-doc
hisah
#4018 Posted : Monday, November 11, 2013 12:08:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karanjakinuthia wrote:
The Nairobi Securities Exchange 20-Share index has now completed a 172 trading-day sideways consolidation pattern, setting up a thrust above the 5000 level after 3 previous attempts. During the Global Financial Crisis, the Dow Jones Industrial Average Index fell for 17.2 months. The numbers 172 are present in both instances.

Read more:

http://www.scribd.com/do...hare-Index-Breakout-doc

I'm waiting for the break above 5100 before solid bullish continuation.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#4019 Posted : Monday, November 11, 2013 12:18:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
webish wrote:


Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'.

Tourism at the major Greek Islands also very affordable. I agree with this comment from that article;

QUOTE: "I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?"

Deflation is bad if your economy is 70% powered by consumerism. Deflation shrinks credit supply. This shrinks purchasing power (austerity by gubberment, consumer spending cuts, bankruptcy, jobs destroyed etc). The economy tanks since the blood (credit) is no longer sufficient to power it up. Since most economies these days have taken to consumerism esp in euroland and US, deflation is a nightmare for the central banks and treasury heads in gubberment. Thus the endless QE to stimulate and defeat by all means necessary that ugly deflation monster.

Well this QE thing has introduced other cancers which are going to worsen the deflation nightmare in future, but that is another topic.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#4020 Posted : Monday, November 11, 2013 4:01:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
webish wrote:


Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'.

Tourism at the major Greek Islands also very affordable. I agree with this comment from that article;

QUOTE: "I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?"

Deflation is bad if your economy is 70% powered by consumerism. Deflation shrinks credit supply. This shrinks purchasing power (austerity by gubberment, consumer spending cuts, bankruptcy, jobs destroyed etc). The economy tanks since the blood (credit) is no longer sufficient to power it up. Since most economies these days have taken to consumerism esp in euroland and US, deflation is a nightmare for the central banks and treasury heads in gubberment. Thus the endless QE to stimulate and defeat by all means necessary that ugly deflation monster.

Well this QE thing has introduced other cancers which are going to worsen the deflation nightmare in future, but that is another topic.



Does this mean goods are sold at a loss? Surely the cost of production cannot be the same as that of 1960
"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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