Tracking the DOW PLUNGE!!! [Archive] - Page 4

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mick silver

20th January 2016, 04:44 AM

European Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
FTSE 100 (http://money.cnn.com/data/world_markets/ftse100)
England
-168.89
-2.87%
5,707.91
6:27am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Euronext 100 (http://money.cnn.com/data/world_markets/euronext)
Europe
-25.56
-3.05%
812.42
6:12am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
CAC 40 (http://money.cnn.com/data/world_markets/cac40)
France
-137.76
-3.22%
4,134.50
6:12am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
DAX (http://money.cnn.com/data/world_markets/dax)
Germany
-263.84
-2.73%
9,400.37
6:27am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Swiss Market Index (http://money.cnn.com/data/world_markets/swiss)
Switzerland
-240.00
-2.92%
7,983.76
6:27am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

Neuro

20th January 2016, 04:46 AM

It's looking good Mick! ;D

mick silver

20th January 2016, 11:15 AM

Markets
Updated: 1:15:26pm ET

Dow -3.00%
15,535.48 / -480.54 (http://money.cnn.com/data/markets/dow)
Nasdaq -2.65%
4,358.14 / -118.81 (http://money.cnn.com/data/markets/nasdaq)
S&P -3.00%
1,824.82 / -56.51 (http://money.cnn.com/data/markets/sandp)

mick silver

20th January 2016, 11:16 AM

10-year yield 1.95% -4.13% Oil $26.30 -7.59 (http://money.cnn.com/data/commodities/index.html)
Yen ¥116.44 -1.19 (http://money.cnn.com/data/currencies/index.html)
Euro $1.09 +0.10 (http://money.cnn.com/data/currencies/index.html)
Gold $1,108.10 +1.74% (http://money.cnn.com/data/commodities/index.html)
Updated

Twisted Titan

20th January 2016, 11:29 AM

I thank the most high gave me the sense to leave these markets alone.

There is no way on planet earth i could have peace of mind ...if my strategy for long term sucess was contingent of succussful nav8gation .

JohnQPublic

20th January 2016, 11:32 AM

Fed is Swapping Zero Interest Rates for Cheap Oil; Turmoil in Markets Result (http://beforeitsnews.com/economy/2016/01/fed-is-swapping-zero-interest-rates-for-cheap-oil-turmoil-in-markets-result-2790404.html)

JohnQPublic
20JAN2016

Stock markets are in a panic selling mode as we speak. There are real issues out there, such as China’s economy and plummeting oil prices. Cheap oil is good, right? Well why are the financial pundits complaining about it. I believe it is because the banks are still leveraged up on derivatives, and the rapid change in oil prices could cause them to collapse. Zerohedge (http://beforeitsnews.com/r2/?url=http://www.zerohedge.com/news/2016-01-16/exclusive-dallas-fed-quietly-suspends-energy-mark-market-tells-banks-not-force-shale) has even reported that the Dallas Fed told Banks to suspend mark-to-market for energy loans four days ago. We are told oil is dropping because of lack of demand (China), to punish Russia, Saudi refuses to decrease production, etc.

I would like to propose another reason: The Fed need to raise interest rates. It cannot do that without collapsing the derivatives bubble. Unless, that is it can find a substitute for zero interest rates. Could $10/barrel oil be the ticket? If true, at this point, the first prick in the derivatives bubble has been applied by the Fed, and the corresponding collapse of oil prices is occurring. Is it getting out of control? Can the Fed control this process? Only time will tell.

Neuro

20th January 2016, 11:36 AM

Time to revive DOW down -455 points right now in the 15500's...

JohnQPublic

20th January 2016, 11:41 AM

JohnQPublic

20th January 2016, 11:42 AM

It means the next two days the Dow will rally 990 points! ;D

Bargain hunters are in action, down 402 points!

mick silver

20th January 2016, 11:42 AM

good for gold so far today http://www.kitconet.com/images/sp_en_6.gif

mick silver

20th January 2016, 11:43 AM

http://www.kitconet.com/images/sp_en_6.gif

Neuro

20th January 2016, 11:45 AM

cheka.

20th January 2016, 11:47 AM

wouldnt be surprised for the ppt to drive it back up 300 or 400 dow pts

chart guys see a major support level broken - today it broke through the two ppt stops from 2015

mick silver

20th January 2016, 11:49 AM

http://tse1.mm.bing.net/th?&id=OIP.Md299bf333f744ecfd220751e4b38554bo0&w=297&h=250&c=0&pid=1.9&rs=0&p=0

mick silver

20th January 2016, 11:54 AM

look like the fed gave some free paper to someone ... Markets
Updated: 1:53:10pm ET

Dow -2.19%
15,665.52 / -350.50 (http://money.cnn.com/data/markets/dow)
Nasdaq -1.07%
4,429.16 / -47.79 (http://money.cnn.com/data/markets/nasdaq)
S&P -1.90%
1,845.65 / -35.68 (http://money.cnn.com/data/markets/sandp)

cheka.

20th January 2016, 12:15 PM

been keeping one eye on cnbc since the thing started a few weeks ago

over that time period the consensus of their guest experts is to continue to hold your stocks, in fact a good time to buy - economy is strong, inflation is low, jobs are plentiful

everyone that's followed their advice has been torched

Horn

20th January 2016, 08:29 PM

http://i1.ytimg.com/vi/IU_JC0NCGkc/maxresdefault.jpg

Dow closes down 249 points after plunging more than 550 (http://www.msn.com/en-us/money/markets/dow-closes-down-249-points-after-plunging-more-than-550/ar-BBotoEr?ocid=ansmsnmoney11)

Neuro

21st January 2016, 03:36 AM

mick silver

21st January 2016, 05:34 AM

thanks mad , I looked for the thread It was so far back didn't see it ... Markets
Updated: Jan 20

Dow -1.56%
15,766.74 / -249.28 (http://money.cnn.com/data/markets/dow)
Nasdaq -0.12%
4,471.69 / -5.26 (http://money.cnn.com/data/markets/nasdaq)
S&P -1.17%
1,859.33 / -22.00 (http://money.cnn.com/data/markets/sandp)

mick silver

21st January 2016, 06:51 AM

World MarketsAsian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 3.23% while Japan's Nikkei 225 is off 2.43% and Hong Kong's Hang Seng is lower by 1.70%.
Asian Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Australia ASX All Ordinaries (http://money.cnn.com/data/world_markets/asx100)
Australia
+20.70
+0.42%
4,917.60
12:10am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Shanghai SE Composite Index (http://money.cnn.com/data/world_markets/se_composite)
China
-96.21
-3.23%
2,880.48
2:29am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-320.83
-1.70%
18,565.47
3:01am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Mumbai Sensex (http://money.cnn.com/data/world_markets/sensex)
India
-99.83
-0.41%
23,962.21
7:29am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225)
Japan
-398.93
-2.43%
16,017.26
1:15am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Taiwan TSEC 50 Index (http://money.cnn.com/data/world_markets/tsec50)
Taiwan
-35.11
-0.46%
7,664.01
7:48am ET

Spectrism

21st January 2016, 06:55 AM

This one chart shows why the stock market grew over the last 7 years.

https://www.youtube.com/watch?v=AUuehUfML3c

https://research.stlouisfed.org/fred2/graph/?g=QQ7
https://research.stlouisfed.org/fred2/graph/fredgraph.jpg?hires=1&g=3cEj

mick silver

21st January 2016, 06:57 AM

Look out, stocks might fall a lot further

By Brett Arends (http://www.marketwatch.com/topics/journalists/brett-arends)
Published: Jan 21, 2016 8:22 a.m. ET
Share

(http://www.marketwatch.com/story/look-out-stocks-might-fall-a-lot-further-2016-01-21/email)

26

(http://www.marketwatch.com/story/look-out-stocks-might-fall-a-lot-further-2016-01-21/print)
The Dow could fall by 1,000 to 5,000 points and still not be ‘cheap’

http://ei.marketwatch.com//Multimedia/2016/01/20/Photos/ZH/MW-ED681_equity_20160120151843_ZH.jpg?uuid=008e4306-bfb3-11e5-9acf-0015c588e0f6
http://i.mktw.net/_newsimages/2014_dreds/brettArends_100.png (http://www.marketwatch.com/topics/journalists/brett-arends)By
BrettArends (http://www.marketwatch.com/topics/journalists/brett-arends) Columnist

Hard to believe, but the Dow Jones Industrial Average DIA, -1.51% (http://www.marketwatch.com/investing/fund/dia?mod=MW_story_quote) could fall by another 1,000 to 5,000 points and still not be “cheap” compared with long-term stock-valuation measures.
That’s the stark conclusion from an analysis comparing current stock prices to underlying measures such as per-share revenue, earnings and corporate net worth.
And it suggests that even if we are now overdue for a short-term bounce or rally of some kind, buying heavily into the latest sell-off (http://www.marketwatch.com/story/dow-futures-fall-more-than-300-points-as-oil-asia-selloff-rattle-investors-2016-01-20) isn’t the kind of one-way bet that value investors crave.

Stocks are certainly much cheaper than they were a few weeks ago. After the worst start to a new year in Wall Street history, the Dow Jones Industrial Average is down about 10% since Jan. 1. Small-company stocks are now deep in a bear market after falling more than 20% from last spring’s highs.
But cheaper doesn’t necessarily mean cheap.
Even after the sell-off, U.S. stocks are valued at around 1.4 times annual per-share revenue. FactSet says the average since 2001, when it began tracking the data, is 1.3 times revenue. So the Dow could fall another 7%, or over 1,000 points, and still be no lower than its modern-day average.
And the picture looks even worse when you also add in those companies’ soaring debts. According to the Federal Reserve, nonfinancial corporations have increased their total debts since 2007 from $6.3 trillion to over $8 trillion. As FactSet says, total shares plus total debts — the so-called “enterprise value” — of U.S. public companies are now 2.4 times annual per-share revenue, compared with an average of 2.1 times since 2001.
Data from the U.S. Federal Reserve, meanwhile, say U.S. nonfinancial corporate stocks are now valued at about 90% of the replacement cost of company assets, a metric known as “Tobin’s Q.” But the historic average, going back a century, is in the region of 60% of replacement costs. By this measure, stocks could fall by another third, taking the Dow all the way down toward 10,000. (On Wednesday it closed at 15,767.) Similar calculations could be reached by comparing share prices to average per-share earnings, a measure known as the cyclically adjusted price-to-earnings ratio, commonly known as CAPE, after Yale finance professor (http://www.amazon.com/Irrational-Exuberance-3rd-Robert-Shiller/dp/0691166269/ref=sr_1_1?ie=UTF8&qid=1453325667&sr=8-1&keywords=irrational+exuberance) Robert Shiller, who made it famous.
Even when you compare stocks to the earnings of the past 12 months, it’s hard to say they are in any kind of bargain territory.
At best, depending on how you measure things, you could say they’re no longer wildly expensive.
None of this means the current slump must get worse anytime soon. The only short-term cause of a market selloff is the same: more sellers than buyers. At some point more buyers appear, while some sellers pause for breath. Wednesday afternoon’s turnaround, which saw the Dow erase half of an early 500-point slump, is at least a hopeful sign.
But it certainly casts a cloud over any bargain hunting. And note that these numbers only measure how far the market would have to fall to reach average levels. They do not reflect what would happen if the market did what it has done frequently in the past, and plunged back down to very cheap levels (http://www.marketwatch.com/story/dow-5000-yes-it-could-happen-2015-08-21). Maybe that will never happen. Let’s hope. Because when you factor in those numbers, it’s a long way down.
More from MarketWatch

mick silver

21st January 2016, 09:37 AM

looks like the beat down on gold and silver will never end .... http://www.kitconet.com/images/sp_en_6.gif

JohnQPublic

21st January 2016, 11:32 AM

This one chart shows why the stock market grew over the last 7 years.

https://www.youtube.com/watch?v=AUuehUfML3c

Mike Maloney says the Fed has no bullets left. I think they are trying to use cheap oil as a way to extend the range they can play in, and maybe to allow them to raise interest rates (offset zero interest rates with cheap oil). I am not sure exactly how they can do that, but they do have the petro-dollar mechanism and derivatives, plus possibly the cooperation of Obama (who supposedly got Saudi to pump more oil to punish Russia for instance). Petroleum does act more like a currency than say gold does, effectively, today.

http://beforeitsnews.com/financial-markets/2016/01/fed-is-swapping-zero-interest-rates-for-cheap-oil-turmoil-in-markets-result-2857864.html

cheka.

21st January 2016, 01:52 PM

ppt stopped the sp500 at/near the level of the two attempted selloffs in 2015

they might not be ready to let it go....yet

JohnQPublic

21st January 2016, 01:54 PM

George Soros says he shorted S&P 500, went long U.S. Treasurys (http://www.marketwatch.com/story/george-soros-says-he-shorted-sp-500-went-long-us-treasurys-2016-01-21?link=MW_home_latest_news)

Marketwatch
Published: Jan 21, 2016 3:40 p.m. ET

Billionaire hedge-fund investor George Soros on Thursday said he shorted the S&P 500 index and also went long U.S. government bonds. In an interview with Bloomberg Television (http://www.bloomberg.com/news/articles/2016-01-21/george-soros-says-he-expects-hard-landing-for-chinese-economy) in Davos, Switzerland, Soros said it remained too early to buy stocks and that he would be surprised if the Federal Reserve raised interest rates again. Soros also said a hard landing for China's economy "is practically unavoidable" but that the country has the resources to manage it.

mick silver

25th January 2016, 09:16 AM

Baltic Dry Index + Watchlist
BDIY:IND

354.00
1.00
0.28%

As of 07:59:18 ET on 01/22/2016.
Previous Close
355.00

52Wk Range
354.00 - 1,222.00

1 Yr Return
-50.83%

YTD Return
-25.94%

Before it's here, it's on the Bloomberg Terminal. (http://bloom.bg/dg-ws-core-bcom-m1)

1M
1Y
5Y

+

Indicators
Rate of Change

Relative Strength

MACD

Volume

579111315171921
360380400420440460480

01/07445

mick silver

25th January 2016, 09:17 AM

Markets
Updated: 11:16:54am ET

Dow -0.70%
15,980.82 / -112.69 (http://money.cnn.com/data/markets/dow)
Nasdaq -0.64%
4,561.91 / -29.27 (http://money.cnn.com/data/markets/nasdaq)
S&P -0.83%
1,890.98 / -15.92 (http://money.cnn.com/data/markets/sandp)

mick silver

25th January 2016, 09:17 AM

http://www.kitconet.com/images/sp_en_6.gif

JohnQPublic

25th January 2016, 09:20 AM

Starting the week soft in NY. I am surprised they have not blamed it on the blizzard!

Joshua01

25th January 2016, 09:21 AM

Starting the week soft in NY. I am surprised they have not blamed it on the blizzard!

Oh they will....they will

madfranks

25th January 2016, 09:48 AM

So far down 100 to start the week.

mick silver

26th January 2016, 02:55 AM

Markets
Updated: Jan 25

Dow -1.29%
15,885.22 / -208.29 (http://money.cnn.com/data/markets/dow)
Nasdaq -1.58%
4,518.49 / -72.69 (http://money.cnn.com/data/markets/nasdaq)
S&P -1.56%
1,877.08 / -29.82 (http://money.cnn.com/data/markets/sandp)

mick silver

26th January 2016, 04:41 AM

World MarketsAsian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 6.42% while Hong Kong's Hang Seng is off 2.48% and Japan's Nikkei 225 is lower by 2.35%.
Asian Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Australia ASX All Ordinaries (http://money.cnn.com/data/world_markets/asx100)
Australia
+87.50
+1.76%
5,057.10
Jan 25

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Shanghai SE Composite Index (http://money.cnn.com/data/world_markets/se_composite)
China
-188.73
-6.42%
2,749.79
2:29am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-479.34
-2.48%
18,860.80
3:01am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Mumbai Sensex (http://money.cnn.com/data/world_markets/sensex)
India
+50.29
+0.21%
24,485.95
Jan 25

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225)
Japan
-402.01
-2.35%
16,708.90
1:15am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Taiwan TSEC 50 Index (http://money.cnn.com/data/world_markets/tsec50)
Taiwan
-65.48
-0.83%
7,828.67
12:33am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

World Gainers & Losers

ADRs (javascript:void(0);)

FTSE (javascript:void(0);)

HSI (javascript:void(0);)

NIKKEI (javascript:void(0);)

Company
Price
% Change

SolarWorld AG (http://money.cnn.com/quote/quote.html?symb=SRWRY)
2.58
+56.36%

Banca Monte dei Pasc... (http://money.cnn.com/quote/quote.html?symb=BMDPY)
1.25
+25.00%

Abengoa SA (http://money.cnn.com/quote/quote.html?symb=ABGB)
1.05
+20.11%

Innocoll AG (http://money.cnn.com/quote/quote.html?symb=INNL)
9.00
+17.50%

Mexichem SAB de CV (http://money.cnn.com/quote/quote.html?symb=MXCHY)
4.01
-15.22%

BTS Group Holdings P... (http://money.cnn.com/quote/quote.html?symb=BTSGY)
20.82
-14.37%

Kajima Corp (http://money.cnn.com/quote/quote.html?symb=KAJMY)
52.55
-12.23%

Yokogawa Electric Co... (http://money.cnn.com/quote/quote.html?symb=YOKEY)
21.57
-11.67%

Data as of Jan 25

Latest International News (http://money.cnn.com/news/international/index.html)

China stocks plunge 6% as rout continues (http://money.cnn.com/2016/01/26/investing/china-stocks-world-markets/index.html)
China is pumping money into its financial system (http://money.cnn.com/2016/01/26/news/economy/china-central-bank-liquidity-chinese-new-year/index.html)
Stocks: 5 things to know before the open (http://money.cnn.com/2016/01/26/investing/premarket-stocks-trading/index.html)
Iran wants 500 planes and direct flights to U.S. (http://money.cnn.com/2016/01/25/news/iran-planes-tourism-us-flights/index.html)
Cheap prices fail to kill U.S. oil boom (http://money.cnn.com/2016/01/26/investing/us-oil-boom-not-dead/index.html)
Tiananmen Square photos sold to Chinese firm (http://money.cnn.com/2016/01/25/technology/bill-gates-corbis/index.html)
Elon Musk: Electric cars will 'suffer' from cheap oil (http://money.cnn.com/2016/01/25/autos/elon-musk-oil-prices-china/index.html)
Disney sued for replacing U.S. workers with foreigners (http://money.cnn.com/2016/01/25/technology/disney-h1b-workers/index.html)
Russia was one of the 10 weakest economies in 2015 (http://money.cnn.com/2016/01/25/news/economy/russia-10-worst-emerging-economies/index.html)
McDonald's sales soar thanks to all day breakfast (http://money.cnn.com/2016/01/25/investing/mcdonalds-earnings/index.html)
Leaked image of the new mini iPhone 5SE appears (http://money.cnn.com/2016/01/25/technology/iphone-5se/index.html)
8 emerging markets that won't scare you (http://money.cnn.com/gallery/news/economy/2016/01/22/emerging-markets-positive-davos/index.html)

See All International News (http://money.cnn.com/news/international/index.html)

mick silver

26th January 2016, 05:05 AM

EXCLUSIVE: The Secret Behind the Next Global Crash© AFP 2016/ WANG ZHAO

Columnists (http://sputniknews.com/columnists/)15:47 21.01.2016(updated 21:16 21.01.2016) Get short URL
Pepe Escobar (http://sputniknews.com/authors/pepe_escobar/)
48 (http://sputniknews.com/columnists/20160121/1033486596/secret-behind-next-global-crash.html#comments)326241277

The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008.
Yet there will be. And the stage is already set for it.
Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia (http://sputniknews.com/tags/tag_SaudiArabia/) is unloading at least $1 trillion in securities and crashing global markets under orders from the Masters of the Universe – those above the lame presidency of Barack Obama.

http://cdn5.img.sputniknews.com/images/103282/23/1032822336.jpg
© AP Photo/ JOHN MOORE
Fear And Loathing in the House of Saud (http://sputniknews.com/columnists/20160108/1032842953/fear-loathing-saudi-arabia.html)

Those were the days when the House of Saud would as much as flirt with such an idea to have all their assets frozen. Yet now they are acting under orders. And more is to come; according to crack Persian Gulf traders Saudi Western security investments may amount to as much as $8 trillion, and Abu Dhabi’s as $4 trillion.In Abu Dhabi everything was broken into compartments, so no one could figure it out, except brokers and traders who would know each supervisor of a compartment of investments. And for the House of Saud, predictably, denial is an iron rule.
This massive securities dump has been occasionally corporate media (http://www.bloomberg.com/news/articles/2015-09-28/saudi-arabia-has-withdrawn-billions-from-markets-estimates-show), but the figures are grossly underestimated. The full information simply won’t filter because the Masters of the Universe have vetoed it.
There has been a huge increase in the Saudi and Abu Dhabi dump since the start of 2016. A Persian Gulf source says the Saudi strategy “will demolish the markets.” Another referred to a case of “maggots eating the carcass in the dark”; one just had to look at the rout in Wall Street, across Europe and in Hong Kong and Tokyo on Wednesday.
So it’s already happening. And a crucial subplot may be, in the short to medium term, no less than the collapse of the eurozone (http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621).
The Crash of 2016?
So a case could be made of a panicked House of Saud being instrumentalized to crash a great deal of the global economy. Cui bono?

http://cdn5.img.sputniknews.com/images/101610/48/1016104801.jpg
© Sputnik/ Mihail Mokrushin
Not the Lowest Point: Russia's Ex-Finance Minister Claims Oil Price May Drop to $16-18 a Barrel (http://sputniknews.com/business/20160121/1033481385/oil-prices-kudrin.html)

Moscow and Tehran are very much on it. The logic behind crashing markets, creating a recession and a depression – from the point of view of the Masters of the Universe above the lame duck President of the United States — is to engineer a major slow down, cripple buying patterns, decrease oil and natural gas consumption, and point Russia on a road to ruin. Besides, the ultra low oil price (http://sputniknews.com/tags/keyword_oil_prices/) also translates into a sort of ersatz sanction on Iran.Still, Iranian oil about to reach the market will be around an extra 500,000 barrels a day by mid-year, plus a surplus stored in tankers in the Persian Gulf. This oil (http://sputniknews.com/tags/keyword_oil/) can and will be absorbed, as demand is rising (in the US, for instance, by 1.9 million barrels a day in 2015) while supply is falling.
Surging demand and falling production will reverse the oil crash (http://www.energyintel.com/pages/worldopinionarticle.aspx?DocId=911978&utm_content=HASH%280x7630850%29&utm_campaign=energyintel&utm_source=pdf_document&utm_term=publication&utm_medium=email) by July. Moreover, China’s oil imports recently surged 9.3% at 7.85 million barrels a day, discrediting the hegemonic narrative of a collapse of China's economy – or of China being responsible for the current market blues.
So, as I outlined here (https://www.rt.com/op-edge/328097-oil-saudi-iran-war-crisis/), oil should turn around soon. Goldman Sachs concurs (http://finance.yahoo.com/news/goldman-sachs-sees-oil-markets-231413784.html). That gives the Masters of the Universe a short window of opportunity enabling the Saudis to dump massive amounts of securities in the markets.
The House of Saud may need the money badly, considering their budget on red alert. But dumping their securities is also clearly self-destructive. They simply cannot sell $8 trillion. The House of Saud is actually destroying the balance of their wealth. As much as Western hagiography tries to paint Riyadh (http://www.theguardian.com/world/2016/jan/20/saudi-royals-best-of-the-worst-yemen-king-salman-saudi-arabia) as a responsible player, the fact is scores of Saudi princes are horrified at the destruction of the wealth of the kingdom through this slow motion harakiri.
Would there be a Plan B? Yes. Warrior prince Mohammed bin Sultan – who’s actually running the show in Riyadh – should be on the first flight to Moscow to engineer a common strategy. Yet that won’t happen.

http://cdn1.img.sputniknews.com/images/103161/92/1031619292.jpg
© AFP 2016/ MARK RALSTON
The New Normal: Low But Stable Oil Prices (http://sputniknews.com/world/20160119/1033393674/low-oil-price-normal.html)

And as far as China – Saudi Arabia’s top oil importer — is concerned, Xi Jinping has just been to Riyadh; Aramco and Sinopec signed a strategic partnership; but the strategic partnership that really matters, considering the future of One Belt, One Road, is actually Beijing-Tehran. The massive Saudi dumping of securities ties in with the Saudi oil price war. In the current, extremely volatile situation oil is down, stocks are down and oil stocks are down. Still the House of Saud has not understood that the Masters of the Universe are getting them to destroy themselves many times over, including flooding the oil market with their shut-in capacity. And all that to fatally wound Russia (http://sputniknews.com/tags/geo_Russia/), Iran and… Saudi Arabia itself.
Only a Pawn in Their Game
Meanwhile, Riyadh is rife with rumors there will be a coup against King Salman (http://sputniknews.com/tags/person_Salman_bin_Abdelaziz_al-Saud/) – virtually demented and confined to a room in his palace in Riyadh. There are two possible scenarios in play:
1) King Salman, 80, abdicates in favor of his son, notorious arrogant/ignorant troublemaker Warrior Prince Mohammed bin Salman, 30, currently deputy crown prince and defense minister and the second in the line of succession but de facto running the show in Riyadh. This could happen anytime soon. As an extra bonus, current Oil Minister Ali al-Naimi, not a royal, would be replaced by Abdulaziz bin Salman, another son of the king.
2) A palace coup. Salman – and his troublemaker son – are out of the picture, replaced by Ahmed bin Abdulaziz (who was a previous Minister of the Interior), or Prince Mohammed bin Nayef (the current Minister of the Interior and Crown Prince.)
Whatever scenario prevails, the British MI6 is intimately aware of the whole pantomime. And the German BND might be. Everyone remembers the BND memo at the end of 2015 that depicted Deputy Crown Prince Mohammed bin Salman as a “political gambler” who is destabilizing the Arab world through proxy wars in Yemen and Syria.
Saudi sources — for obvious reasons insisting on anonymity — stress that as much as 80% of the House of Saud favors a coup.
Yet the question is whether a House reshuffle would change their slow motion hara-kiri. The categorical imperative remains; the Masters of the Universe are ready to bring the whole world down in a major recession basically to strangle Russia. The House of Saud is just a pawn in this vicious game.
The views expressed in this article are solely those of the author and do not necessarily reflect the official position of Sputnik.

https://www.gstatic.com/images/icons/gplus-32.png (https://plus.google.com/share?url=http://sputniknews.com/columnists/20160121/1033486596/secret-behind-next-global-crash.html)

Read more: http://sputniknews.com/columnists/20160121/1033486596/secret-behind-next-global-crash.html#ixzz3yLqYB0dl

Neuro

26th January 2016, 05:14 AM

Starting the week soft in NY. I am surprised they have not blamed it on the blizzard!
I figured out around 25 years ago that financial commentators reasons and excuses for market moves were bullshit.

mick silver

26th January 2016, 05:29 AM

Baltic Dry Index Crashes Near Record Low (http://www.philstockworld.com/2015/11/17/baltic-dry-index-crashes-near-record-low/)Courtesy of ZeroHedge (http://www.zerohedge.com/). View original post here (http://www.zerohedge.com/news/2015-11-17/baltic-dry-index-crashes-near-record-low).
Submitted by Tyler Durden.
The Baltic Dry Index staged a recovery mid-year, hopefully rising amid promises of stability in China and an 'escape' velocity USA. All that centrally-planned hope and hype faith has been eviscerated on the altar of economic reality. With no ability to directly manipulate the Baltic Dry Index to 'pretend' everything is awesome, it remains among the best 'real' indicators of the state of the global economy… and it's in the toilet…
From hope to nope…
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy1_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy1.jpg)
The Batlc Dry nears all-time record lows once again…
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy.jpg)
In fact, for this time of year, it has never been lower…
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy2_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151117_bdiy2.jpg)
But apart from that, buy stocks because terrorism rocks and The Fed would not be raising rates unless everything was awesome, right?
Charts: Bloomberg
Bonus Chart: It's not just The Baltic Dry (or the China Containerized Feight Index), HARPEX has also collapsed to 2008 levels…Harpex for the 6,500 and 8,500 TEU ships are at the exact same level as their 2009 lows and trending lower
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/Harpex%20TEU%20heavy_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/Harpex%20TEU%20heavy.png)
But don't worry as talking heads will tell you it is all a supply problem… and nothing to do with demand… MAYBE they'll forget to mention the 'why' there is over-supply – because the freaking manipulations of market-based signals of demand create a massive mal-investment boom in shipbuilding!!!! </rant

mick silver

26th January 2016, 05:31 AM

The global shipping index may provide a clue about how Dow Jones Transportation Index will perform in the coming days.

Security: $TRAN, $BDI
Position: N/A

The Dow Jones Transportation Average (DJTA) is a widely followed gauge of the US transportation sector. It includes several railroads, airlines (both cargo and passenger), marine transportation, and trucking companies. On the global front, the Baltic Dry Index (BDI) tracks worldwide international shipping prices of various dry bulk items including coal, iron ore, and grain.

Figure 1 shows a weekly chart of the BDI. Since the beginning of June 2010, the Baltic Dry Index has fallen more than 50%. It has relentlessly moved down for six weeks in a row, and last week, it gapped below its September 2009 support. As of Friday, July 9, it had made a fresh 52-week low, sitting below 2000.

http://technical.traders.com/authors/images/5436.gif

FIGURE 1: BDI, WEEKLY. Now it’s at its 52-week low.

Graphic provided by: StockCharts.com (http://www.stockcharts.com/).

Figure 2 shows a weekly chart of DJTA. It is about 12% off of its 52-week high. Recently, it moved higher with Dow Jones Industrial Average (DJIA) and claimed its 40-week line, which approximates a 200-day moving average.

http://technical.traders.com/authors/images/5436_3.gif

FIGURE 2: DJTA, WEEKLY. Unlike BDI, it is closer to its 52-week high.

Graphic provided by: StockCharts.com (http://www.stockcharts.com/).

Comparing Figures 1 and 2, we see that prior to the market crash in late 2008, BDI had fallen substantially in the June-August 2008 period. During the same time, the DJTA was essentially consolidating. Starting September 2008, BDI intensified its downward move and very soon DJTA also collapsed. Moving forward, BDI made its low in early December 2008 and began to move higher. By March 2009, when DJTA made its low along with the DJIA, the BDI was well off its lows. After that, BDI made its 52-week high in the middle of November 2009. The DJTA showed a lag on this front as well and made its 52-week high much later in April 2010.

At present, when BDI is in a severe decline week after week, the DJTA appears to be insulated. One view why is that lower international shipping rates are due to more ships in the market to haul cargo. But recent chart patterns clearly show that BDI tends to lead the DJTA. To protect any long position in the transportation sector, the BDI should be closely followed. If it continues on its downward journey in the coming days, then chances are high the DJTA will follow suit.

Horn

26th January 2016, 06:44 AM

are that a zerohedge link, mick?

mick silver

26th January 2016, 07:03 AM

at the top of the post it tell you that

Spectrism

26th January 2016, 07:19 AM

That BDI chart is from Nov2015. The BDI already went under the record low since then.

Fear in the market;

https://www.youtube.com/watch?v=KO8ZgbVDudw

Cebu_4_2

26th January 2016, 07:22 AM

That BDI chart is from Nov2015. The BDI already went under the record low since then.

$354 right now.

mick silver

26th January 2016, 07:26 AM

Baltic Dry Index + Watchlist
BDIY:IND

354.00
0.00
0.00%

As of 08:00:55 ET on 01/25/2016.
Previous Close
354.00

52Wk Range
354.00 - 1,222.00

1 Yr Return
-49.64%

YTD Return
-25.94%

Before it's here, it's on the Bloomberg Terminal. (http://bloom.bg/dg-ws-core-bcom-m1)

1M
1Y
5Y

+

Indicators
Rate of Change

Relative Strength

MACD

Volume

Previous Close
354.00

52Wk Range
354.00 - 1,222.00

1 Yr Return
-49.64%

mick silver

26th January 2016, 07:32 AM

Spectrism

26th January 2016, 07:52 AM

China needs some help at the moment, its economy grew too fast, the markets in Europe, the US, the UK did not produce much income for China, because those countries are having a lot of problems,” she noted, adding that in a situation when some western banks might be failing again, or having a meltdown, similar to that of 2008, such cooperation might be very beneficial. http://sputniknews.com/world/20160126/1033726222/iran-russia-china-alliance.html

China didn't grow too fast, they were given an instant manufacturing base. This was at the expense of the jobs in Amerika, which were the underpinning of the American marketplace. Now that the marketplace has been crippled, China cannot sell as much of their crap as they had planned.

Also, China has been over building with borrowed (fake) money. They over stocked many commodities and overbuilt cities that were not needed. Instead of letting a free market manage what was needed, the central government controlled everything into a disaster plan.... that is, a planned disaster.

mick silver

26th January 2016, 08:16 AM

January 25, 2016 Stock Buybacks and the Wall Street Sharktank: “A Whole Lotta Stealin’ Goin’ On” (http://www.counterpunch.org/2016/01/25/stock-buybacks-and-the-wall-street-sharktank-a-whole-lotta-stealin-goin-on/)
by Mike Whitney (http://www.counterpunch.org/author/mike-whitney/) by

Email (http://www.counterpunch.org/2016/01/25/stock-buybacks-and-the-wall-street-sharktank-a-whole-lotta-stealin-goin-on/?share=email&nb=1)

http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2015/07/print-sp.png (http://www.counterpunch.org/2016/01/25/stock-buybacks-and-the-wall-street-sharktank-a-whole-lotta-stealin-goin-on/print/)

http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2016/01/shutterstock_108346709.jpg
Let’s say you lend your brother-in-law, Pauli, 5,000-bucks so he can get his fledgling construction business off-the-ground. Then, you find out a week later that ‘good-old Pauli’ has shot the wad playing the horses at Long-acres and buying cocktails for his loafer-friends at Matt’s Mad Dog tavern? Would you feel like you’d been ripped off?
Sure you would. But when some slick corporate fraudster pulls the same scam, no one even raises an eyebrow.
What am I talking about?
I’m talking about the way that corporate bosses are allowed to take the hard-earned money from Mom and Pop investors and divide it among their freeloading shareholder friends via stock buybacks. You see, buybacks have been driving the market higher for the better part of six years, and every year the amount of cash diverted into this swindle gets bigger and bigger. According to Research Affiliates:

“In 2013, S&P 500 companies….spent $521 billion on buybacks. In 2014 that amount rose to $634 billion and moved higher still to $696 billion when total repurchases by all publicly traded companies in the U.S. market are included.” (“Are Buybacks an Oasis or a Mirage? (https://www.researchaffiliates.com/Our%20Ideas/Insights/Fundamentals/Pages/385_Are_Buybacks_an_Oasis_or_a_Mirage.aspx)“, Research Affiliates)
And, here’s more from an older article at the Wall Street Journal:
“Last year, the corporations in the Russell 3000, a broad U.S. stock index, repurchased $567.6 billion worth of their own shares—a 21% increase over 2012, calculates Rob Leiphart, an analyst at Birinyi Associates, a research firm in Westport, Conn. That brings total buybacks since the beginning of 2005 to $4.21 trillion—or nearly one-fifth of the total value of all U.S. stocks today.” (“Will Stock Buybacks Bite Back? (http://blogs.wsj.com/moneybeat/2014/03/21/will-stock-buybacks-bite-back/)“, Wall Street Journal)
Whatever the exact figure may be, we’re talking serious money here, something in the neighborhood of a half trillion dollars per year. And it’s all being used for the sole purpose of jacking stock price so voracious CEOs and their shareholders can make a killing. Not one dime of this money is going into expanding operations, hiring more employees, Research and Development or improving productivity. The lone objective of this farce is to inflate stock prices to Hindenburg proportions in order to line the pockets of filthy-rich one percenters.
And that’s just the half of it. The part I’ve left out is the part about how much debt these corporations are loading onto their balance sheets in order to feather their own nests. Take a look at this from Bloomberg:

“It’s official, using proceeds from debt sales to send cash to stockholders has never been more popular.
Standard & Poor’s 500 Index companies listed buybacks or dividends among the use of proceeds in $58 billion of bond deals in the past three months, the most on record, according to data compiled by Bloomberg and Sundial Capital Research Inc. More than $460 billion in repurchases were announced during the first five months of 2015, on pace to top last year’s record.” (“Debt Gone Wild” – Debt Funded Stock Buybacks Soar (http://www.advisorperspectives.com/commentaries/20150629-streettalk-live-debt-gone-wild-debt-funded-stock-buybacks-soar)“, Advisor Perspectives)
$58 billion here, $58 billion there. Pretty soon you’re talking real money.
So let’s do the math: $58 billion in three months translates into $232 billion per year, which means that a heckuva a lot of the money that’s being given back to shareholders is being borrowed from–you guessed it– Mom and Pop, the suckers who’ll be left holding the bag when the whole system goes bust again in the not-too-distant future.
And why have Mom and Pop been buying all these crappy corporate bonds that are just adding to executive compensation instead of building stronger companies for a brighter future??
Because of the damn Fed, that’s why. The Fed has been holding rates underwater for seven years to keep the money flowing to Wall Street and to force smalltime investors (who have been trying to scrape by on their withering retirements) to look for a higher return on their savings then they’re getting on their risk-free fixed-income investments. In other words, the Fed has put a gun to their heads and forced them back into the Wall Street sharktank.
It’s all a question of incentives, right? If you keep rates low enough, long enough, “they will come”….and get fleeced again for that matter. Which is exactly the way the system is designed to work. Low rates mean more pigs to the slaughter. Period. Now check this out from the Fiscal Times:

“Not only are investors willing to buy more debt, they’re also attaching fewer conditions. Rating service Moody’s tracks covenant quality, essentially a measure of standards that bond issuers must meet, and reported Thursday that the latest reading remains near record highs, which indicates weak restrictions.”
(“Why Corporate Debt Is Hitting Record Levels (http://www.thefiscaltimes.com/2015/10/24/Why-Corporate-Debt-Hitting-Record-Levels)“, The Fiscal Times)
“Weak restrictions”, you say?
Well, that’s just great.
So, Mom and Pop got into bonds thinking, “I don’t trust stocks after the last crash, so I’ll load up on bonds cuz they’re safer”, right? Only now they see they’ve been led into a minefield where they might not get out in one piece. Some bond funds have already suspended redemptions, which means investors can’t withdraw their money. I’m dead serious. It’s like the Hotel California, “You can check out, but you can’t leave.” Not with your money at least. So you can kiss that retirement “Goodbye” and start filling out that job app for Taco Time now before the spot is taken by some other struggling graybeard.
Don’t you think companies should have to sign an oath to investors that they will NOT use their investment to divvy up among their shareholders? I do. And, besides, if a CEO doesn’t have a plan for reinvesting profits in his own business, then he shouldn’t be the CEO, right?
No one buys a bond thinking some corporate jerkoff is going to use the money to goose stock prices. That’s just pulling the wool over people’s eyes. Like I said earlier, no one in their right mind is going to lend brother-in-law Pauli 5K so he can blow it at the races or the tavern. Nor are they going to hand over their paltry retirement-savings to some shifty CEO who wants to use it to buy a bigger yacht or install a fountain at his palatial vacation retreat in the Hamptons. That’s not why people invest money.
This whole stock buyback-thing shouldn’t even be an issue, mainly because we used to have rules that prohibited the practice before the Deregulator in Chief, Ronald Reagan, took office and everything went to hell in a handbasket. Check it out:

“Prior to the Reagan era, executives avoided buybacks due to fears that they would be prosecuted for market manipulation. But under SEC Rule 10b-18, adopted in 1982, companies receive a “safe harbor” from market manipulation liability on stock buybacks if they adhere to four limitations.” (“SEC Admits It’s Not Monitoring Stock Buybacks to Prevent Market Manipulation“, Dave Dayen, Intercept (https://theintercept.com/2015/08/13/sec-admits-monitoring-stock-buybacks-prevent-market-manipulation/))
Now, anything goes and the sky’s the limit. Wall Street basically tells its lackey Congressmen what they want and, BAM, Congress changes the rules like that. That’s basically how the system works.
As a result, Big Business keeps piling on more and more debt, creating more and more instability, and paving the way for another agonizing financial crisis.
Yes, I realize you’ve all heard that nonsense about “the strength of US corporations” and their “fortress balance sheets” that are bulging with $2 trillion in excess cash. Sorry to break the news to you, but it’s all baloney. Take a look at this from Bloomberg:

“Corporate leverage is now at its highest level in a decade, according to a new analysis from Goldman Sachs….
Years of low interest rates and eager investors have encouraged Corporate America to go on a shopping spree. On its list are share buybacks and dividend hikes to reward equity investors, as well as a series of merger and acquisition deals, all funded through a generous bond market. Since cash flow has not kept up with the boom in bond sales, the splurge has left Corporate America with its highest debt load in about 10 years, according to the bank…..
“The spectre of rising rates, potential global disinflation (dare we say ‘deflation’?), declining operating profits and wider credit spreads continues to create near-term consternation for weak balance sheet stocks,” the analysts conclude.” (“Goldman Sachs Says Corporate America Has Quietly Re-levered (http://www.bloomberg.com/news/articles/2015-11-10/goldman-sachs-says-corporate-america-has-quietly-re-levered)“, Bloomberg)
Talk about understatement! Corporate America didn’t go on a “shopping spree”. That’s ridiculous. They went on a six year debt-bender offloading zillions in bonds to credulous investors who’ll probably never see their money again. There’s no reason to dignify that sort of chicanery as a “shopping spree.”
And reread that last paragraph slowly and try to savor what the author is really saying. He’s saying that everything has changed; the Fed is taking its foot off the gas, earnings are shrinking, credit is tightening and the whole rickety infrastructure that keeps this Ponzi house of cards upright is about to collapse. Not today. Not tomorrow. But soon.
Which brings us to our final point, which is that there’s been no recovery. It’s all a big fraud. There was no restructuring of debt, no rebuilding of household wealth, no rebound in wages, incomes or employment. (excluding shitty-paying, part-time, service-sector jobs.) The whole lie has been predicated on a failed monetary policy that has created gigantic, system-devouring asset bubbles in stocks, bonds, corporate debt, derivatives, ETFs, REITs… you-name-it, it’s inflated. The Fed has created the same mess it created last time, and the time before that, and the time before that, and the time before that….
Anyway, you get the picture. What was that saying about “Old dogs and new tricks”?
That goes double for the Fed.

MIKE WHITNEY lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (http://www.amazon.com/exec/obidos/ASIN/1849351104/counterpunchmaga) (AK Press). Hopeless is also available in a Kindle edition (http://www.amazon.com/exec/obidos/ASIN/B007X497NM/counterpunchmaga). He can be reached at fergiewhitney@msn.com

Horn

26th January 2016, 05:36 PM

at the top of the post it tell you that

Are that a zerohedge post, mick? :confused:

Cebu_4_2

26th January 2016, 05:50 PM

Are that a zerohedge post, mick? :confused:

I noticed it didn't say also. C'mon Mic put down that chewing tobacco and get with the program!

mick silver

28th January 2016, 06:26 AM

World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.42%, while the S&P 500 led the Bovespa lower. They fell 1.09% and 0.89% respectively.
North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-222.77
-1.38%
15,944.46
Jan 27

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-20.68
-1.09%
1,882.95
Jan 27

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-342.05
-0.89%
38,034.32
8:07am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
+3.25
+0.45%
727.40
Jan 27

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
+7.05
+0.25%
2,835.81
8:01am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
+177.50
+0.42%
42,109.89
Jan 27

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

World Gainers & Losers

ADRs (javascript:void(0);)

FTSE (javascript:void(0);)

HSI (javascript:void(0);)

NIKKEI (javascript:void(0);)

Company
Price
% Change

CESP Companhia Energ... (http://money.cnn.com/quote/quote.html?symb=CESDY)
3.00
+41.51%

Bahamas Petroleum Co... (http://money.cnn.com/quote/quote.html?symb=BSHPY)
1.37
+22.30%

BBA Aviation PLC (http://money.cnn.com/quote/quote.html?symb=BBAVY)
14.00
+16.67%

CNinsure Inc (http://money.cnn.com/quote/quote.html?symb=CISG)
7.76
+16.52%

Intelligent Energy H... (http://money.cnn.com/quote/quote.html?symb=INGYY)
2.60
-46.94%

CGG SA (http://money.cnn.com/quote/quote.html?symb=CGG)
1.60
-27.93%

SolarWorld AG (http://money.cnn.com/quote/quote.html?symb=SRWRY)
2.02
-21.71%

St Barbara Ltd (http://money.cnn.com/quote/quote.html?symb=STBMY)
4.62
-21.29%

Data as of Jan 27

Latest International News (http://money.cnn.com/news/international/index.html)

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Yahoo Japan accused of profiting from illegal ivory (http://money.cnn.com/2016/01/28/technology/yahoo-japan-ivory-sales/index.html)
From child bride to India's 'first female cab driver' (http://money.cnn.com/2016/01/27/news/selvi-india-taxi-driver/index.html)
Facebook now makes even more money off you (http://money.cnn.com/2016/01/27/technology/facebook-earnings/index.html)
What if you never had to worry about rent or food? (http://money.cnn.com/2016/01/27/technology/y-combinator-basic-income-research/index.html)
Theranos lab poses 'immediate jeopardy' (http://money.cnn.com/2016/01/27/technology/theranos-lab-deficiencies-cms/index.html)
Fighting the Zika virus with mutant mosquitoes (http://money.cnn.com/2016/01/27/news/companies/zika-virus-oxitec-mosquito-brazil/index.html)
For Iran, oil exports matter more than price (http://money.cnn.com/2016/01/27/news/economy/iran-oil-price-exports/index.html)
8 emerging markets that won't scare you (http://money.cnn.com/gallery/news/economy/2016/01/22/emerging-markets-positive-davos/index.html)

See All International News (http://money.cnn.com/news/international/index.html)

mick silver

28th January 2016, 06:28 AM

Baltic Dry Index + Watchlist
BDIY:IND

337.00
8.00
2.32%

As of 07:59:26 ET on 01/28/2016.
Previous Close
345.00

52Wk Range
337.00 - 1,222.00

1 Yr Return
-49.40%

YTD Return
-29.50%

man I would like to see a chart back in 2007 an 2008 . dam this is dropping off the charts http://www.bloomberg.com/quote/BDIY:IND

Horn

28th January 2016, 06:44 AM

Appears China is a vacuum.

Futures Bounce Fades As Oil Treads Water, Italian Banks Turmoil, Chinese Stocks Won't Stop Falling

Following the Fed's disappointing "dovish, but not dovish enough" statement which effectively admitted Yellen had committed policy error by hiking just as the US economy "was slowing down" which in turn lowered the odds of a March rate hike to just 18%, it was up to oil to pick up the correlation torch, and so it did, rising in an otherwise mixed session which has seen European stocks slide on continued weakness surrounding Italian banks, many of which have been halted limit down, while Asia was unable to pick a direction after the resignation of Japan’s "Abenomics" minister Akira Amari to over a graft scandal and yet another rout for Chinese stocks.

Before we get to the US, we should note what is going on in China where the Shanghai Composite Index fell by another 2.9% to 2655.66, capping a 9.6 percent retreat over three days, as concern a weakening economy will reduce corporate profits overshadowed the biggest cash injection into the financial markets in three years. The SHCOMP closed at the lowest level since November 2014, taking its decline for the year to 25 percent, the most since 2008. As Bloomberg notes, authorities continue to take measures to stabilize the nation's financial markets but having most of their time focused on propping up the devaluing currency, they appear to have left equity investors to fend for themselves.

This week's net injection of 590 billion yuan ($90 billion) into the money markets ahead of the start of the Chinese new year was the biggest since February 2013, however it wasn't big enough. Further declines in the equity benchmark could be on the way. Strategists and technical analysts surveyed by Bloomberg are targeting a bottom of 2,500, compared with 2,656 today. Since the Shanghai Composite Index reached a record high on June 12 it has plummeted 48 percent. As can bee seen on the chart below, it remains the world's worst performing major equity index in 2016.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/01-overflow/china%20chart_0.png (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/01-overflow/china%20chart.png)
Away from Asia, futures on the Nasdaq 100 Index climbed driven by Facebook which jumped 12% in early New York trading after posting another record earnings period. Technology peers also rallied, with more than 2 percent gains each in Google parent Alphabet Inc., Apple Inc., Netflix Inc., Amazon.com Inc. and Microsoft Corp. Amazon and Microsoft are due to report results today, along with some 50 other Standard & Poor’s 500 Index members.

And while Europe was initially happy to track oil modestly higher, it has since then stumbled deep in the red following the latest bout of risk in Italy where banks fell for the second day, leading the FTSE MIB to underperform the broader European market, and pushing the FTSE Italia All-Share Banks index down 4.2% as of 12:18pm CET. Indeed, this morning has been a a freeze fest, with Pop. Milano, UniCredit, Monte Paschi, Pop. Emilia shares halted; down ~5% or more after Banca Akros says price of the "bad bank" guarantee looks rather costly, doubts many Italian banks will be interested in using it to offload bad loans.

The one silver lining has been the MSCI Emerging Markets Index which rose for a second day and Gulf stocks were on course for their best week since December 2014. as U.S. crude headed for a three-day advance, helping boost currencies of commodity-exporting nations. "Emerging-market assets are rallying across the board today as the Fed sounded relatively dovish watching global developments,” said Bernd Berg, an emerging markets strategist in London at Societe Generale SA. “A March Fed rate hike looks increasingly unlikely now. I think we are now entering a risk-on phase and oil-related currencies will post a sizable rally."

However, that may not last: with the futures picture changing dramatically, moments ago US equity futures slid as Oil erased all of its losses for the day:

WTI CRUDE ERASES GAINS, TRADES LITTLE CHANGED AT $32.26/BBL
WTI Crude Erases Earlier Advance, Dips 0.4% to $32.16/Bbl
S&P FUTURES QUICKLY TURN LOWER; OIL FALLS; EU STOCKS DROPPING

http://www.zerohedge.com/news/2016-01-28/futures-bounce-fades-oil-treads-water-italian-banks-turmoil-chinese-stocks-wont-stop

mick silver

30th January 2016, 02:12 PM

Baltic Dry Index + Watchlist
BDIY:IND

317.00
8.00
2.46%

As of 08:00:10 ET on 01/29/2016.

mick silver

1st February 2016, 11:07 AM

Name
Value
Net Change
% Change
1 Month
1 Year
Time
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
16,354.53
-111.77
-0.68%
-6.14%
-4.72%
13:00:43

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,928.32
-11.92
-0.61%
-5.66%
-3.34%
12:45:35

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,586.08
-27.87
-0.60%
-8.41%
-1.06%
13:00:51

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,560.52
-72.18
-0.75%
-5.75%
-9.27%
12:45:23

SPTSX:IND
S&P/TSX COMPOSITE INDEX
(http://www.bloomberg.com/quote/SPTSX:IND)
12,616.06
-206.07
-1.61%
-3.03%
-14.02%
12:40:00

mick silver

1st February 2016, 11:08 AM

Baltic Dry Index + Watchlist
BDIY:IND

317.00

mick silver

2nd February 2016, 08:59 AM

one more beat down ... North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-250.07
-1.52%
16,199.11
10:57am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-27.29
-1.41%
1,912.09
10:58:46am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-1,563.85
-3.85%
39,006.19
10:41am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-12.12
-1.63%
733.41
10:54am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
-42.74
-1.45%
2,914.47
10:36am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
-386.60
-0.89%
43,244.17
10:36am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

Spectrism

2nd February 2016, 09:01 AM

We are in a global economy. You don't have just one country and its stocks falling any more. Everything is tied together. Wrapped up nicely in a handbasket going to hell.

mick silver

2nd February 2016, 09:01 AM

Baltic Dry Index + Watchlist
BDIY:IND

314.00
3.00
0.95%

mick silver

2nd February 2016, 09:14 AM

Middle-East Markets See Extremely Bad Start Of The Year
By ZeroHedge (http://oilprice.com/contributors/ZeroHedge-)
Posted on Sun, 17 January 2016 23:20 | 0

Broad Middle-East and African stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% - the most since Black Monday (now down over 50% from their 2014 highs). These losses are far in excess of U.S. 'catch-up' moves and suggest a dark cloud over Asia this evening.
It's been a bloodbath in the Middle-East since the year began...
http://cdn.oilprice.com/images/tinymce/2016/ZHarabmarketsA.jpg
Africa/Middle-East Stocks crashed 5%...
Related: EIA Forecasts Miss the Mark, But Do Better Than Most (http://oilprice.com/Energy/Crude-Oil/EIA-Forecasts-Miss-the-Mark-But-Do-Better-Than-Most.html)
http://cdn.oilprice.com/images/tinymce/2016/ZHarabmarketsB.jpg
Saudi Arabia's Tadawul Index is down 5.4% on the day - the worst since August's collapse and has lost over 50% since its exuberant peak in 2014...

http://cdn.oilprice.com/images/tinymce/2016/ZHarabmarketsC.jpg

Kuwait down over 4% to 2009 lows... $80 Oil By June – Do NOT Be Fooled By The Mainstream Media (https://oilprice.com/goto/473/aHR0cDovL29pbHByaWNlLmNvbS9tYXJrZXQtaW50ZWxsaWdlbm NlL3NpZ251cF9zdWNjZXNz)

The current market turmoil has created a once in a generation opportunity for savvy energy investors.
Whilst the mainstream media prints scare stories of oil prices falling through the floor smart investors are setting up their next winning oil plays.

Click here for more info on successful oil investing (https://oilprice.com/goto/473/aHR0cDovL29pbHByaWNlLmNvbS9tYXJrZXQtaW50ZWxsaWdlbm NlL3NpZ251cF9zdWNjZXNz)

Related: Oil Sinks Below $30 As Traders Fear Tidal Wave Of Iranian Oil (http://oilprice.com/Energy/Energy-General/Oil-Sinks-Below-30-As-Traders-Fear-Tidal-Wave-Of-Iranian-Oil.html)
http://cdn.oilprice.com/images/tinymce/2016/ZHarabmarketsD.jpg
But Qatar was carnaged... (down over 8%)

http://cdn.oilprice.com/images/tinymce/2016/ZHarabmarketsE.jpg
Makes you wonder where all that hot-money from The Fed flowed eh?
By Zerohedge
More Top Reads From Oilprice.com:

Cheap Oil Hits Housing In North Dakota, Texas, and Others (http://oilprice.com/Energy/Energy-General/Cheap-Oil-Hits-Housing-In-North-Dakota-Texas-and-Others.html)
Saudi Aramco IPO More About Geopolitics Than Finance (http://oilprice.com/Energy/Crude-Oil/Saudi-Aramco-IPO-More-About-Geopolitics-Than-Finance.html)
There Might Be More Oil Under The North Sea Than Previously Thought (http://oilprice.com/Energy/Crude-Oil/There-Might-Be-More-Oil-Under-The-North-Sea-Than-Previously-Thought.html)

mick silver

2nd February 2016, 09:17 AM

got gas for 1.25 this morning ,

Neuro

4th February 2016, 06:09 AM

I saw Dow ended at 16,336.66 last evening. I think I see it end with 666 numbers quite frequently... Sign of diabolical/numerology manipulation?

mick silver

4th February 2016, 06:11 AM

Baltic Dry Index + Watchlist
BDIY:IND

303.00
7.00
2.26%

Neuro

4th February 2016, 07:00 AM

Baltic Dry Index + Watchlist
BDIY:IND

303.00
7.00
2.26%
This is absurd!

Spectrism

4th February 2016, 07:10 AM

They keep pumping the DOW to that 16,000 level. At some point it has to break out. I suspect the intent of the PPT is to contain and delay. The debt contagion is like an elephant sitting on the house of cards which begins to crumple from internal corruption. It is at the creaking and snapping point. The stench of the corpse is stronger than the gallons of perfume.

mick silver

4th February 2016, 11:59 AM

U.S. Stocks Fluctuate as Oil Erases Gains, Dollar Drop Continues Jeremy Herron (http://www.bloomberg.com/authors/ARJCs8NIT-4/jeremy-herron)
Cindy Huang (http://www.bloomberg.com/authors/ASuRENkzLXA/cindy-huang)

February 3, 2016 — 5:53 PM EST Updated on February 4, 2016 — 1:40 PM EST
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Should Investors Continue to Short Oil?

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Greenback extends losses after depreciating 1.7% on Wednesday

Consumer shares drag equities lower as crude slips below $33

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U.S. stocks fluctuated, as commodities from copper to gold advanced amid a slide in the dollar fueled by speculation global growth may not be strong enough to warrant further central-bank tightening. Crude erased its advance to fall back below $33 a barrel.
The Standard & Poor’s 500 Index was little changed after rising more than 0.7 percent. Disappointing results at retailers dragged consumer shares lower. Crude’s rally faded, while the Bloomberg Dollar Spot Index headed for its biggest two-day loss since 2009. Emerging-market equities rallied almost 3 percent. The pound fell after Ian McCafferty, the Bank of England’s only policy dissenter over the past six months, dropped his call for higher interest rates.
http://assets.bwbx.io/images/iGci4yieA78Y/v3/-1x-1.png
The dollar’s retreat was sparked by data showing the U.S. services sector grew at the slowest pace in nearly two years, underscoring the vulnerability of the American economy to unsteadiness abroad. The report tipped the fixed-income market’s balance closer toward zero rate hikes (http://www.bloomberg.com/news/articles/2016-02-03/bond-market-is-closer-to-no-fed-rate-increases-than-one-for-2016) by the Federal Reserve this year, amid prospects central banks from Asia to Europe will act to quell the turmoil that’s roiled markets in 2016. The greenback’s drop helped prop up the price of crude and industrial metals.

“The lower the dollar, the better it is for commodities, so we are seeing a little bounce back,” Andrew Brenner, head of international fixed income at National Alliance Capital Markets in New York said by phone. “The number of Fed rate raises has continued to be reduced by the market place, probably a little bit too much. But yes the Fed will cut back, we will not do four interest rates raises this year.”
Stocks
The S&P 500 added 0.3 percent to 1,918.05 at 1:37 p.m. in New York. The gauge advanced yesterday for the first time this month, erasing a drop of more than 1 percent as oil’s surge topped 7 percent. The benchmark equity gauge is down more than 6 percent so far in 2016.
Materials shares advanced 2.5 percent, as Freeport McMoRan Inc. surged with copper. Energy producers added 0.6 percent. Shares in consumer-discretionary stocks fell. Kohl’s Corp. sank 18 percent after slow sales squeezed profits. Ralph Lauren Corp. plunged after the company cut its annual forecast.

Economic data did little to alter perceptions on the strength of the world’s largest economy. Initial jobless claims last week rose (http://www.bloomberg.com/news/articles/2016-02-04/jobless-claims-in-u-s-rise-as-post-holiday-adjustments-continue) more than expected, Labor Department data showed, while factory orders declined at a faster pace in December than the previous month.
“The question is what can we hang our hat on right now? It’s not earnings, it’s not what central banks are able to do, and it’s certainly not what we’re seeing with economic data,” Yousef Abbasi, global market strategist at JonesTrading Institutional Services LLC in New York, said by phone. “Central banks continue to take their targets down on growth and inflation and part of today’s frustration came with the whippiness of crude.”
The Stoxx Europe 600 Index fell 0.2 percent, after rising as much as 1.1 percent. Daimler AG led automakers to among the biggest declines out of the 19 industry groups. Gauges of energy shares and commodity producers jumped more than 3.3 percent, for the best performances.
Credit Suisse Group AG slumped 11 percent to its lowest price since August 1992 after posting a quarterly loss (http://www.bloomberg.com/news/articles/2016-02-04/credit-suisse-posts-loss-on-impairment-trading-downturn) as it wrote off goodwill and set aside provisions for litigation, while its two investment-banking divisions slumped.
Emerging Markets
The MSCI Emerging Markets Index rose 2.8 percent, with more than six stocks advancing for every one that declined. Material and energy producers led gains among 10 industry groups, climbing more than 5 percent.
Russia’s Micex Index jumped 2.4 percent, the most in a week, and shares in Dubai rallied 2.8 percent. Equity benchmarks in South Korea, Malaysia, the Philippines and South Africa rose at least 0.8 percent.
Emerging-market currencies headed for a two-day advance. Malaysia’s ringgit and South Korea’s won strengthened at least 1.4 percent against the dollar, sending a gauge of developing-nation exchange rates toward a one-month high. Turkey’s lira erased this year’s losses.
Currencies
The Bloomberg Dollar Spot Index, a gauge of the greenback against 10 major peers, retreated 0.6 percent after sliding as much as 1.9 percent last session.
The greenback fell against all of its 16 major peers except Mexico’s peso and the British pound, which was weighed down by the Bank of England ’s unanimous vote to keep interest rates unchanged. Officials signaled (http://www.bloomberg.com/news/articles/2016-02-04/boe-unanimously-holds-rate-as-low-inflation-forces-vote-switch) borrowing costs will stay low as they cut their growth and inflation forecasts.
The dollar slipped 0.9 percent to 116.82 yen, after erasing all its gains since the BOJ’s surprise Jan. 29 move. The greenback weakened 0.9 percent to $1.1207 per euro, and has now fallen every day this week.
Commodities
The Bloomberg Commodity Index, which measures returns on raw materials, was little changed after earlier rallying as much as 1.2 percent. The gauge advanced 1.9 percent yesterday.
Oil swung wildly in New York. West Texas Intermediate fell 0.6 percent to $32.10 a barrel in New York, after earlier jumping as much as 4.1 percent. Some OPEC member states and non-members have been talking about an extraordinary meeting on production (http://www.bloomberg.com/news/articles/2016-02-03/six-oil-producers-agree-on-emergency-meeting-iran-s-shana-says).
Statoil (http://www.bloomberg.com/news/articles/2016-02-04/statoil-deepens-cuts-to-maintain-dividends-amid-crude-collapse) ASA, Norway’s biggest oil company, deepened investment cuts and offered to pay dividends in stock. Royal Dutch Shell (http://www.bloomberg.com/news/articles/2016-02-04/shell-posts-worst-performance-on-oil-reserves-since-2004-scandal) Plc said it depleted its oil and gas reserves much faster than it replenished them with new resources in 2015, its worst performance since 12 years ago.
Industrial metals benefited from a drop in the U.S. currency that makes dollar-denominated commodities cheaper for investors. Aluminum for delivery in three months climbed to the highest this year on the LME, and lead advanced for the eighth day in a row, the longest run since June 2014.
Spot gold climbed for a fifth day, the longest run of gains in five months, as expectations of continued low U.S. interest rates seeped through the market.
Bonds
The Treasury 10-year note yield slipped two basis points to 1.87 percent. The yield dropped to 1.79 percent Wednesday, the lowest level since February 2015. Goldman Sachs Group Inc. and Pacific Investment Management Co. say bonds are poised (http://www.bloomberg.com/news/articles/2016-02-04/goldman-sachs-with-pimco-warn-bond-gains-will-turn-into-losses) to fall and traders aren’t prepared for how far the Federal Reserve will raise interest rates.
Spanish and Italian government bonds led declines across the euro region as investors questioned the level of additional stimulus they can expect from the European Central Bank.
Before it's here, it's on the Bloomberg Terminal. (http://bloom.bg/dg-ws-core-bcom-a1)

Stocks (http://www.bloomberg.com/topics/stocks)
Oil (http://www.bloomberg.com/topics/oil)
New York (http://www.bloomberg.com/topics/new-york)
Emerging Markets (http://www.bloomberg.com/topics/emerging-markets)
Interest Rates (http://www.bloomberg.com/topics/interest-rates)

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From The Web
The Motley Fool

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TheMoneyStreet.com

(http://www.themoneystreet.com/ecommerce-local-delivery-opportunities-for-investors/?utm_source=ecommerce_market_place_taboola&utm_medium=referral)Why This Industry Is The Next Hot InvestmentTheMoneyStreet.com (http://www.themoneystreet.com/ecommerce-local-delivery-opportunities-for-investors/?utm_source=ecommerce_market_place_taboola&utm_medium=referral)
Provide-Savings Insurance Quotes

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Yahoo! Finance | Motif Investing

(http://finance.yahoo.com/news/addicted-to-caffeine--love-drones--scared-of-ebola--there-s-a-motif-for-you-211121895.html)Will This Startup Kill The ETF Revolution?Yahoo! Finance | Motif Investing (http://finance.yahoo.com/news/addicted-to-caffeine--love-drones--scared-of-ebola--there-s-a-motif-for-you-211121895.html)
NextAdvisor

(http://www.nextadvisor.com/blog/2014/06/10/balance-transfer-work/?kw=tbla_dsk_httab1-43&site=bloomberg)The well known method to avoid credit card interest …NextAdvisor (http://www.nextadvisor.com/blog/2014/06/10/balance-transfer-work/?kw=tbla_dsk_httab1-43&site=bloomberg)
CNN Money | Wealthfront

(http://www.wealthfront.com/c/&type=Taboola&campaign=cnnymdesktop&content=cnnmoney-young-millionaires/to/cnnmoney/2014/02/27/investing/young-tech-millionaire-investors/?utm_medium=bloomberg&utm_term=CNN+Money%3A+How+Young+Millionaires+Inves t&utm_content=http%3A%2F%2Fi2.cdn.turner.com%2Fmoney %2Fdam%2Fassets%2F140225122119-mike-zhang-young-millionaire-620xa.png)CNN Money: How Young Millionaires InvestCNN Money | Wealthfront (http://www.wealthfront.com/c/&type=Taboola&campaign=cnnymdesktop&content=cnnmoney-young-millionaires/to/cnnmoney/2014/02/27/investing/young-tech-millionaire-investors/?utm_medium=bloomberg&utm_term=CNN+Money%3A+How+Young+Millionaires+Inves t&utm_content=http%3A%2F%2Fi2.cdn.turner.com%2Fmoney %2Fdam%2Fassets%2F140225122119-mike-zhang-young-millionaire-620xa.png)

cheka.

4th February 2016, 12:10 PM

if the frn ever turns down....shouldn't gold, stocks, commodities go up in frn price?

Neuro

4th February 2016, 01:16 PM

if the frn ever turns down....shouldn't gold, stocks, commodities go up in frn price?
They generally do, and they did so today! Apart from Baltic Dry Index, it goes down no matter what happens...

mick silver

4th February 2016, 01:34 PM

World Currencies

Currencies vs. USD
$1=
% Change

Canada Dollar
1.3744
-0.3408%

European Euro
0.8927
-0.9953%

United Kingdom Pound
0.6860
+0.1029%

Japan Yen
116.7640
-1.0852%

mick silver

4th February 2016, 01:35 PM

World markets plunge as oil drops below $27 a barrel by Jethro Mullen and Matt Egan @CNNMoneyInvest (https://twitter.com/intent/user?screen_name=CNNMoneyInvest)

mick silver

4th February 2016, 01:36 PM

Fear & Greed Index beta What emotion is driving the market now?

Fear & Greed Now: 25 (Extreme Fear)
Fear & Greed Previous Close: 25 (Extreme Fear)
Fear & Greed 1 Week Ago: 20 (Extreme Fear)
Fear & Greed 1 Month Ago: 41 (Fear)
Fear & Greed 1 Year Ago: 45 (Neutral)

Last updated Feb 4 at 3:28pm
Seven Fear & Greed IndicatorsHow we calculate the index More » (http://money.cnn.com/investing/about-fear-greed-tool/index.html)
Put and Call Options
Greed

During the last five trading days, volume in put options has lagged volume in call options by 27.70% as investors make bullish bets in their portfolios. However, this among the lowest levels of put buying seen during the last two years, indicating greed on the part of investors.
Last changed Feb 3 from an Extreme Greed rating
Updated Feb 4 at 3:27pm

mick silver

6th February 2016, 06:36 AM

this is getting real , could we be heading to a bigger crash then 2008 ... Baltic Dry Index + Watchlist
BDIY:IND

297.00
1.00
0.34%

As of 08:00:54 ET on 02/06/2016.

mick silver

6th February 2016, 06:38 AM

Name
Value
Net Change
% Change
1 Month
1 Year
Time
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
16,204.97
-211.61
-1.29%
-0.87%
-9.08%
2016-02-05

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,880.05
-35.40
-1.85%
-2.18%
-8.53%
2016-02-05

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,363.14
-146.41
-3.25%
-6.04%
-8.04%
2016-02-05

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,390.33
-143.97
-1.51%
-1.45%
-13.43%
2016-02-05

SPTSX:IND
S&P/TSX COMPOSITE INDEX

(http://www.bloomberg.com/quote/SPTSX:IND)

mick silver

8th February 2016, 06:03 AM

Baltic Dry Index + Watchlist
BDIY:IND

297.00

Neuro

8th February 2016, 07:48 AM

Baltic Dry Index + Watchlist
BDIY:IND

297.00
Shipping officially became an expensive hobby, like yachting and Formula 1...

mick silver

8th February 2016, 11:09 AM

Name
Value
Net Change
% Change
1 Month
1 Year
Time
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
15,860.56
-344.41
-2.13%
-2.97%
-11.02%
13:05:23

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,845.06
-34.99
-1.86%
-4.00%
-10.24%
12:50:22

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,245.90
-117.25
-2.69%
-8.57%
-10.51%
13:05:18

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,201.93
-188.40
-2.01%
-3.43%
-15.17%
12:50:14

SPTSX:IND
S&P/TSX COMPOSITE INDEX

(http://www.bloomberg.com/quote/SPTSX:IND)

Spectrism

8th February 2016, 11:16 AM

Another nice day. The problems that existed in 2008 are worse now, having festered under the surface and been fed nutrients for destruction. Hell is coming. Be courageous. Do not fear... unless you are a heathen or muslim. If you do not know God, i.e. His son Yahshuah and He does not know you personally, you have much to fear. Ugly days are here. It will be more than just a little stock market crash. Contagion of many sorts will be spreading.

mick silver

8th February 2016, 11:59 AM

European Bank Bloodbath Crashes Bond, Stock MarketsSource: Zero Hedge (http://zerohedge.feedsportal.com/c/34894/f/645423/s/4d70c665/sc/24/l/0L0Szerohedge0N0Cnews0C20A160E0A20E0A80Ceuropean0E bank0Ebloodbath0Ecrashes0Ebond0Estock0Emarkets/story01.htm)

Just as we warned, not only is it time to panic but the panic is 'contagion'-ing over into the sovereign risk market. European banks are in freefall, down over 4.3% broadly, crashing to 2012's "whatever it takes" lows. European bank risk has gone vertical... Today's spike is the largest since April 2010
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks4_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks4.jpg)

TBTF banks are all seeing credit risk explode - to 52-week highs and beyond...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks1_0.jpg

Slamming European bank stocks back to near "whatever it takes" lows...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks2_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks2.jpg)

Dragging the entire European stock market down 24% from its highs to 16-month lows...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_be500_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_be500.jpg)

And that risk is syetmically crushing peripheral sovereign bond markets...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks3_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks3.jpg)

Time to panic? You betcha! All eyes are focused on the synthetic run on Deutsche Bank...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks5_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/02/08/20160208_Eubanks5.jpg)

So since Europe unleashed their "Bail-In" regulations, (http://www.cgsh.com/files/News/d5f66647-f8a8-4c62-99f9-1a91ba74b4e9/Presentation/NewsAttachment/40e071b8-9e2f-4e91-93fe-1e61ce0c238c/Alert%20Memo%20%28PDF%20Version%29%202015-71.pdf) European banks have utterly imploded with Deustche most systemically affected as it seems more than one person is betting that Deutsche will be unable to raise enough capital and will be forced to haircut depositors on up in the capital structure.
Finally - for those desperate dip-buyers hoping for another move from Draghi - don't hold your breath... As Deutsche Bank itself warned, any more easing by The ECB or BOJ will only hurt banks (and certainly Deutsche). In other words, they are all officially trapped now.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20160208_Eubanks3.jpg?1454938231

Share This Article...

cheka.

8th February 2016, 12:27 PM

i know jacksh-t about ta, but today the sp500 blasted through a price floor that the ppt has been defending for 2ish years

mick silver

8th February 2016, 12:36 PM

Name
Value
Net Change
% Change
1 Month
1 Year
Time
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
15,803.96
-401.01
-2.47%
-3.32%
-11.33%
2:33 PM

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,830.80
-49.25
-2.62%
-4.75%
-10.93%
2:18 PM

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,214.39
-148.76
-3.41%
-9.24%
-11.17%
2:33 PM

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,137.28
-253.05
-2.69%
-4.11%
-15.77%
2:18 PM

SPTSX:IND
S&P/TSX COMPOSITE INDEX
(http://www.bloomberg.com/quote/SPTSX:IND)
12,511.27
-252.72
-1.98%
+0.53%
-17.06%
2:13 PM

mick silver

8th February 2016, 12:37 PM

http://www.kitconet.com/images/sp_en_6.gif

mick silver

8th February 2016, 12:42 PM

The Baltic Dry Index (replaces the Baltic Freight Index): A composite of the Baltic Capesize, Panamax, Handysize and Supramax indices. The index is designed as the successor to the Baltic Freight Index and was first published on January 4 1985 at 1000 points.Last day of trading yr - Christmas Eve Error: Could not add to watchlist. X
Baltic Dry Index + Watchlist
BDIY:IND

297.00

mick silver

8th February 2016, 12:45 PM

Dante would be proud; the Baltic Dry Shipping Index has now plunged through at least eight levels of hell on its way to record lows as it drops to 666 today. This is the lowest since Feb 2012's Chinese New Year lows and is a stunning 55 percentage points lower than the normal seasonal shift in the global aggregate trade indicator (and down 69% from its Oct 2011 swing high). Whether its over-supply, under-demand, or too many Chinese New Years, it is unarguably the next level of hell for the global economy - that will surely bring all the bottom-callers out as this time is different.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09/20120910_BDIY_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09/20120910_BDIY.png)

and if you thought it was just the Baltic Dry... here are the Cape, Banamex, and Supramax Indices... noneof which receovered at all from the 2008/9 crush in global trade...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09/20120910_BDIY1_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09/20120910_BDIY1.png)

Source: DryShips (http://www.dryships.com/pages/report.asp)

inShare (javascript:void(0);)4

mick silver

8th February 2016, 12:59 PM

War and Economic Depression Molding Modern Times - Are You Prepared?
By Daily Bell Staff - February 08, 2016

http://www.thedailybell.com/default/includes/themes/tdb/images/printer.png (http://www.thedailybell.com/printview/params/id/36773/printview/)
http://www.thedailybell.com/default/includes/themes/tdb/images/font-size.png (javascript:void(0))
http://www.thedailybell.com/default/images/icon_feedback.png 3 (http://www.thedailybell.com/news-analysis/36773/War-and-Economic-Depression-Molding-Modern-Times--Are-You-Prepared/#disqus_thread)

Private military and security companies (PMSCs) have been exploiting conflict and instability in war-torn regions whilst making gargantuan profits for the least 15 years – and they've only increased in numbers ... Hundreds of new companies have been established in the last few years alone ... "The UK is an important hub for the PMSC industry. At the height of the occupation, around 60 British companies operated in Iraq. Now there are hundreds of British PMSCs operating in areas of conflict around the globe, working to secure government and corporate presence against a range of 'threats' ..." – SputnikNews
According to various reports, London is becoming the center of private militia activity. Mercenaries and weapons are flooding into a city that increasingly offers private military employment as well as involvement with black-market activities.
The implication is that the West's most powerful city is being put on a war footing by the private interests. The US is on a similar war footing, as sociopolitical messaging continues to emphasize the US wars abroad and the dangers of "terrorism" at home.
A recent article in Global Research, "The Super Bowl Promotes War. NFL to Publicly Display Love for Soldiers and Weaponry," reported the nation's most prominent events are used to showcase militarism and create public support for the nation's serial, unconstitutional wars.
Here, from the article:
And why shouldn't the military pay the football league to hype its heroism? It pays damn near everybody else. At $2.8 billion a year on recruiting some 240,000 "volunteers," that's roughly $11,600 per recruit.
The story of famous college quarterback Pat Tillman, as the article reminds us, is still posted on the NFL website ... "as the one NFL player who gave up a giant football contract to join the military."
In fact, Tillman had changed his mind about US foreign wars after serving abroad and made it clear he intended to speak out against the Afghan war when he returned to the States.
Tillman never returned home, however, as he was killed by friendly fire – three bullets to the forehead at short range.
Another Global Research article, "U.S. Now Overtly at War Against Russia," explains how the US is now directly targeting Russia.
General Jens Stoltenberg announced on February 2nd that he approves of US 'Defense' Secretary Ash Carter's proposal to quadruple US armaments and troops in Europe, against 'Russian aggression'.
The US, in post-Soviet, post-communist (http://www.thedailybell.com/definitions/params/id/1900/), Russia, has turned around and become the aggressor – against the now democratic nation of Russia ... We've switched roles. The US has turned to dictatorship, while Russia has turned to democracy (http://www.thedailybell.com/definitions/params/id/1862/). It's a super-switcheroo.
The author of the article, investigative historian Eric Zuesse, also writes, "The likelihood of a nuclear war has never been higher than it is now, except perhaps for the Cuban Missile Crisis, but the entire world was being informed about that then, and what about the situation now?"
Sputnik News reports that Turkey may invade Syria and mentions a further confrontation: "At the same time, Saudi Arabia has also expressed its willingness to send ground forces into Syria."
The Russian Defense Ministry, too, believes that Ankara may be planning an invasion after the breakdown of Syrian peace talks in Geneva. Russia is being blamed by the West, though Russia has not been the aggressor in any of the violence taking place around its borders.
The political leadership in both Turkey and Saudi Arabia is seen as weak and ineffective. Sustained and expanded conflict in Syria is one way that these regimes may seek to survive.
The article quotes Turkish journalist Erman Cete as saying, "I think to reach a political solution in Syria, Turkey and Saudi Arabia must be eliminated, because these two countries, right now, are preventing a peaceful solution in Syria."
This perception indicates that the war in Syria, far from being over, is going to expand and escalate. Inevitably, both the US and Russia will be drawn further into conflict.
Is all of this taking place merely by happenstance? The short answer is very obviously "no." The surge in militarism in the West and among Western allies is certainly tied to the continued and expanded Western economic crisis.
And the economic crisis has been created by the West's determination to build its economic and industrial might around a framework of monopoly central banking (http://www.thedailybell.com/definitions/params/id/2958/).
Zero-bound money printing has undermined Western solvency.
Citicorp recently released a report warning that four global economic forces were creating a "death spiral." These are: a strong dollar, weakening oil prices, diminishing trade and struggling emerging markets.
Each one reinforces the others and creates a further weakening. However, it is important to note that the depreciating price for oil, in particular, is a manufactured phenomenon, one that has been created in part to put economic pressure on Russia.
The forces now being arrayed on the world stage repeat a familiar pattern that we last saw early in the 20th century. Then, the establishment of the US Federal Reserve (http://www.thedailybell.com/definitions/params/id/1855/) led first to the "Roaring '20s" and finally to a tremendous market crash and the Great Depression (http://www.thedailybell.com/definitions/params/id/2305/).
The Great Depression could have been cured if Roosevelt's "New Deal" had not distorted the economy and prolonged the underlying mechanisms of the Great Depression.
Likewise, today, central bank money printing has not allowed bankrupt facilities to collapse. As a result, healthier entities have been reluctant to do business and the larger economy has stalled. The Greater Recession has continued and deepened.
Central banks have reportedly printed something like US$250 trillion since 2008, and those in charge of this policy are well aware of its destructive effects.
And as happened during the Great Depression, military tensions are being cultivated to distract people from the ongoing economic disintegration.
This is the unholy duality of elite domination of Western sociopolitical and economic processes.
For those in a position to see how economic and military events are tied together, the answers should be obvious.
They have to do with ensuring one's self-reliance as much as possible. Purchases of precious metals (http://www.thedailybell.com/definitions/params/id/804/), farmland and second homes in non-Western environments provide some surety that one may avoid the worst excesses of Western-centric militarism and economic destruction.
Various contrarian investment strategies may be employed as well. Importantly, one needs to accept that what is going on today is not simply going to cease.
The West and the world are not simply going to return to previous eras of peace and prosperity. Nor did they in the 1930s.
Conclusion: How bad are things going to get? If the example of the 20th century is any guide, we could see a continual deepening of militarism and economic dysfunction. With this in mind, one ought to be taking action now. There is no time to waste.

- See more at: http://www.thedailybell.com/news-analysis/36773/War-and-Economic-Depression-Molding-Modern-Times--Are-You-Prepared/#sthash.TuMCLE8M.dpuf

madfranks

8th February 2016, 03:37 PM

LOL, today on the news the anchorman mispronounced "Nasdaq" as "Nadsaq", and said that today the Nadsaq dropped... LOL!!

mick silver

9th February 2016, 04:36 AM

Baltic Dry Index + Watchlist
BDIY:IND

293.00

mick silver

10th February 2016, 06:54 AM

Baltic Dry Index + Watchlist
BDIY:IND

291.00
2.00
0.68%

As of 7:58 AM EST on 2/10/2016.

mick silver

10th February 2016, 06:56 AM

INDU:IND
-0.08%

SPX:IND
-0.05%

CCMP:IND
-0.35%

10a11a12p1p2p3p4p
-1.00-0.500.000.501.00

04:10-0.08%

Name
Value
Net Change
% Change
1 Month
1 Year
Time (EST)
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
16,014.38
-12.67
-0.08%
-2.03%
-10.38%
2/9/2016

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,852.21
-1.23
-0.07%
-3.63%
-10.46%
2/9/2016

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,268.76
-14.99
-0.35%
-8.07%
-10.84%
2/9/2016

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,187.79
-43.54
-0.47%
-3.58%
-15.83%
2/9/2016

SPTSX:IND
S&P/TSX COMPOSITE INDEX
(http://www.bloomberg.com/quote/SPTSX:IND)
12,282.65
-252.75
-2.02%
-1.31%
-18.73%
2/9/2016

Europe, Middle East & Africa Stock Indexes (http://www.bloomberg.com/markets/stocks/world-indexes/europe-africa-middle-east) More (http://www.bloomberg.com/markets/stocks/world-indexes/europe-africa-middle-east)

1D
1M
1Y
5Y

+

Indicators
Volume

SX5E:IND
2.63%

UKX:IND
0.92%

DAX:IND
2.16%

3a4a5a6a7a8a9a10a11a12p
0.001.002.003.00

08:352.63%

Name
Value
Net Change
% Change
1 Month
1 Year
Time (EST)
2 Day

SX5E:IND
Euro Stoxx 50 Pr
(http://www.bloomberg.com/quote/SX5E:IND)
2,808.58
+72.08
+2.63%
-7.41%
-16.98%
8:35 AM

UKX:IND
FTSE 100 INDEX
(http://www.bloomberg.com/quote/UKX:IND)
5,681.10
+48.91
+0.87%
-3.91%
-16.81%
8:35 AM

DAX:IND
DAX INDEX
(http://www.bloomberg.com/quote/DAX:IND)
9,077.55
+198.15
+2.23%
-7.84%
-15.59%
8:35 AM

CAC:IND
CAC 40 INDEX
(http://www.bloomberg.com/quote/CAC:IND)
4,083.61
+86.07
+2.15%
-5.77%
-13.03%
8:35 AM

IBEX:IND
IBEX 35 INDEX
(http://www.bloomberg.com/quote/IBEX:IND)
8,167.90
+240.30
+3.03%
-8.32%
-22.21%
8:35 AM

Asia Pacific Indexes (http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific) More (http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific)

1D
1M
1Y
5Y

+

Indicators
Volume

NKY:IND
-2.31%

TPX:IND
-2.89%

HSI:IND
0.55%

68
-4.00-3.00-2.00-1.000.001.00

01:00-2.31%

Name
Value
Net Change
% Change
1 Month
1 Year
Time (EST)
2 Day

NKY:IND
NIKKEI 225
(http://www.bloomberg.com/quote/NKY:IND)
15,713.39
-372.05
-2.31%
-11.21%
-10.99%
1:15 AM

TPX:IND
TOPIX INDEX (TOKYO)
(http://www.bloomberg.com/quote/TPX:IND)
1,264.96
-39.37
-3.02%
-12.60%
-11.40%
1:00 AM

HSI:IND
HANG SENG INDEX
(http://www.bloomberg.com/quote/HSI:IND)
19,288.17
+105.08
+0.55%
-5.70%
-21.85%
2/5/2016

SHSZ300:IND
CSI 300 INDEX
(http://www.bloomberg.com/quote/SHSZ300:IND)
2,963.79
-20.97
-0.70%
-11.83%
-10.52%
2/5/2016

AS51:IND
S&P/ASX 200 INDEX
(http://www.bloomberg.com/quote/AS51:IND)
4,775.68
-56.40
-1.17%
-4.31%
-17.67%
12:53 AM

Americas Stock Futures

Index Futures
Future Date
Last
Net Change
Open
High
Low
Time (EST)
2 Day

DM1:IND
Dow Jones mini
(http://www.bloomberg.com/quote/DM1:IND)
Mar 2016
16,033.00
+74.00
15,952.00
16,120.00
15,865.00
8:40 AM

ES1:IND
S&P 500 mini
(http://www.bloomberg.com/quote/ES1:IND)
Mar 2016
1,860.50
+12.25
1,850.00
1,872.00
1,838.50
8:40 AM

NQ1:IND
NASDAQ 100 mini
(http://www.bloomberg.com/quote/NQ1:IND)
Mar 2016
3,994.75
+50.50
3,954.50
4,014.00
3,922.25
8:40 AM

IS1:IND
Mexican IPC
(http://www.bloomberg.com/quote/IS1:IND)
Mar 2016
42,485.00
-350.00
42,640.00
42,975.00
42,295.00
2/9/2016

SCT1:IND
S&P/TSX Composite
(http://www.bloomberg.com/quote/SCT1:IND)
Mar 2016
12,250.00
-280.00
--
--
--
2/9/2016

Europe, Middle East & Africa Stock Futures

Index Futures
Future Date
Last
Net Change
Open
High
Low
Time (EST)
2 Day

VG1:IND
Euro STOXX 50
(http://www.bloomberg.com/quote/VG1:IND)
Mar 2016
2,804.00
+60.00
2,745.00
2,822.00
2,730.00
8:35 AM

Z 1:IND
FTSE 100
(http://www.bloomberg.com/quote/Z%201:IND)
Mar 2016
5,605.00
+9.50
5,594.00
5,661.50
5,562.50
8:40 AM

GX1:IND
DAX 30
(http://www.bloomberg.com/quote/GX1:IND)
Mar 2016
9,067.50
+161.00
8,910.50
9,116.00
8,868.00
8:35 AM

CF1:IND
CAC 40
(http://www.bloomberg.com/quote/CF1:IND)
Feb 2016
4,083.50
+86.50
4,009.00
4,103.50
3,984.00
8:35 AM

AJ1:IND
FTSE/Athens 20
(http://www.bloomberg.com/quote/AJ1:IND)
Feb 2016
120.50
+1.75
119.75
123.00
118.75
8:33 AM

Asia Pacific Stock Futures

Index Futures
Future Date
Last
Net Change
Open
High
Low
Time (EST)
2 Day

KF1:IND
ASX 200
(http://www.bloomberg.com/quote/KF1:IND)
Mar 2016
4,710.00
-65.00
--
--
--
12:00 AM

XP1:IND
S&P/ASX 200
(http://www.bloomberg.com/quote/XP1:IND)
Mar 2016
4,746.00
+36.00
4,714.00
4,773.00
4,711.00
8:40 AM

IFB1:IND
CSI 300
(http://www.bloomberg.com/quote/IFB1:IND)
Feb 2016
2,948.60
-20.20
2,969.60
2,975.20
2,934.00
2/5/2016

XU1:IND
FTSE China A50
(http://www.bloomberg.com/quote/XU1:IND)
Feb 2016
8,672.50
-77.50
8,760.00
8,767.50
8,670.00
2/6/2016

HI1:IND
Hang Seng
(http://www.bloomberg.com/quote/HI1:IND)
Feb 2016

mick silver

10th February 2016, 09:16 AM

its going to be a up day ... free paper from the banks today

mick silver

10th February 2016, 01:13 PM

North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
+20.10
+0.13%
16,034.48
3:11pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
+13.87
+0.75%
1,866.08
3:13:01pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-285.43
-0.70%
40,306.67
2:56pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-3.61
-0.50%
720.19
3:11pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
+24.81
+0.85%
2,935.71
2:51pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
+239.76
+0.57%
42,638.95
2:51pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

mick silver

10th February 2016, 01:14 PM

World Currencies

Currencies vs. USD
$1=
% Change

Canada Dollar
1.3915
+0.2991%

European Euro
0.8874
+0.1952%

United Kingdom Pound
0.6888
-0.3475%

Japan Yen
113.7340
-1.1997%

mick silver

10th February 2016, 01:18 PM

earnings

Global currencies are crashing left and right.Russia's ruble (http://money.cnn.com/2016/01/20/investing/russia-ruble-record-low/?iid=EL) and Mexico's peso (http://money.cnn.com/2016/01/22/investing/mexican-peso-lowest-level-ever/?iid=EL) recently hit all-time lows against the dollar. The currencies of Colombia, Argentina and Brazil are all down 28% or more in the past 12 months. Turkey and South Africa have also fallen by double digits over that time.

Weak currencies are often a sign of an economic slowdown. China posted its worst growth (http://money.cnn.com/2016/01/18/news/economy/china-2015-gdp-growth/?iid=EL) last year in a quarter century, and Brazil is in its longest recession (http://money.cnn.com/2016/01/19/news/economy/imf-brazil-recession-worsens/?iid=EL) since the 1930s.
These huge currency shifts have also created opportunities and challenges.
When a currency falls, it makes a country's exports cheaper and more attractive to foreign buyers. At the same time imports get more expensive, which can entice locals to buy products made in their own country. Some countries and companies benefit, others lose.
At the same time, international travel from countries with higher valued currencies rise, while those from devalued currencies fall.
American travelers: Winner
Pack your bags: That vacation outside the U.S. is getting cheap. American travelers going to weak-currency countries, from Brazil to South Africa to Indonesia, are getting more for their dollar.
Through November, over 66 million Americans traveled outside the U.S., according (http://travel.trade.gov/view/m-2015-O-001/index.html) to government statistics. That's up nearly 8% from the previous year.
Walmart, Target, Gap and other retailers: Winner
A strong dollar is good news for box stores like Walmart (WMT (http://money.cnn.com/quote/quote.html?symb=WMT&source=story_quote_link)) and Target (TGT (http://money.cnn.com/quote/quote.html?symb=TGT&source=story_quote_link)), fashion retailers like the Gap (GPS (http://money.cnn.com/quote/quote.html?symb=GPS&source=story_quote_link)), and toy sellers like Toys 'R' Us. All do a lot of importing, which has become a lot cheaper.
Of course, Walmart has a lot of international stores. That means the value of sales from those overseas locations will be lower when converted to U.S. dollars. But overall, Walmart gains more than it loses from the strong dollar.
U.S. multinationals, manufacturers: Loser
Sales outside the U.S. make up most of the revenue at well-known American behemoths like Apple (AAPL (http://money.cnn.com/quote/quote.html?symb=AAPL&source=story_quote_link), Tech30 (http://money.cnn.com/technology/tech30/index.html?iid=EL)), IBM (IBM (http://money.cnn.com/quote/quote.html?symb=IBM&source=story_quote_link), Tech30 (http://money.cnn.com/technology/tech30/index.html?iid=EL)) and Nike (NKE (http://money.cnn.com/quote/quote.html?symb=NKE&source=story_quote_link)). A strong dollar makes sneakers, computers and iPhones more expensive to foreign buyers.
Apple estimates its sales in the current quarter will drop for the first time (http://money.cnn.com/2016/01/26/technology/apple-earnings/index.html?iid=hp-stack-dom) in 13 years. In recent weeks Johnson & Johnson (JNJ (http://money.cnn.com/quote/quote.html?symb=JNJ&source=story_quote_link)), Tiffany (TIF (http://money.cnn.com/quote/quote.html?symb=TIF&source=story_quote_link)) and Ralph Lauren (RL (http://money.cnn.com/quote/quote.html?symb=RL&source=story_quote_link)) too cited the strong dollar as a headwind.
The dollar is hurting American factories even harder. U.S. manufacturing (http://money.cnn.com/2016/02/01/news/economy/american-economy-manufacturing-consumer-recession/index.html?iid=EL) has slowed in recent months, leading to cuts in jobs and production.
http://i2.cdn.turner.com/money/dam/assets/150901155828-weak-currency-economy-grows-780x439.jpg Mexico, South Korea, Taiwan: Winner
Countries that benefit from falling currencies have a few key characteristics:
1. They export lots of manufactured products -- as opposed to mostly commodities like oil.
2. They do not have high amounts of foreign debt or soaring inflation.
3. They are not politically unstable.
Mexico is one example. (http://money.cnn.com/2015/09/23/investing/mexico-brazil-latin-america-economies/?iid=EL) It stands to gain from the peso crashing to an all-time low. One peso is now worth about a nickel (http://money.cnn.com/2016/01/22/investing/mexican-peso-lowest-level-ever/?iid=EL).
"We think that Mexico is probably one of the countries that is best positioned to benefit from devaluation," says Edward Glossop, emerging markets economist at Capital Economics, a research firm.
Mexico has a strong manufacturing sector compared to many developing countries. Manufacturers price their products in the local currency -- so if the peso weakens, Mexico's products look a lot more attractive to foreign buyers.
Other countries that broadly fall in this category are Taiwan, South Korea and Vietnam.
Turkey, Russia: Loser
A country's foreign debt is a big problem when its currency falls.
Look at Turkey (http://money.cnn.com/2015/12/16/investing/fed-emerging-markets/?iid=EL) -- its manufacturing sector is sizable compared to others in developing countries, but it owes lots of foreign debt.
Turkey's foreign debt load is equivalent to nearly half its economic size, compared to Mexico's 22%, according to auditor PwC.
If Turkey's currency falls further, all that foreign debt will be harder to pay back and the nation could risk defaulting on its debt.
Russia is similar in that it too has a lot of foreign debt.
For many of these countries, a devalued currency would help boost their exports. But they have to first get their own house in order and grow their economies. From Brazil to Turkey to Mexico -- there are pros and cons. However, this ongoing currency collapse is starting to separate some of the winners and losers

mick silver

10th February 2016, 02:09 PM

North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-99.64
-0.62%
15,914.74
4:05pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-0.35
-0.02%
1,851.86
4:08:58pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-215.51
-0.53%
40,376.58
3:20pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-7.69
-1.06%
716.11
4:05pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
+21.14
+0.73%
2,932.04
3:06pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
+176.95
+0.42%
42,576.14
3:45pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

Spectrism

11th February 2016, 04:47 AM

It looks like today is the day they let the DOW slip from its death grip of 16,000. They have been pumping it up to that point as if it is the last hold on faking the economic outlook.

Neuro

11th February 2016, 04:59 AM

Wow watch gold go! +41.60 right now

mick silver

11th February 2016, 05:14 AM

Baltic Dry Index + Watchlist
BDIY:IND

290.00

mick silver

11th February 2016, 06:10 AM

http://www.kitconet.com/images/sp_en_6.gif
best move I have seen in some time

Neuro

11th February 2016, 06:29 AM

http://www.kitconet.com/images/sp_en_6.gif
best move I have seen in some time
Goldbuggery, goldbuggerah! ^^^

madfranks

11th February 2016, 08:21 AM

Wow watch gold go! +41.60 right nowI made my last major silver buy at $13.87, and now I'm sitting happy!

mick silver

11th February 2016, 09:32 AM

its about to pop here go'sssssssss the Baltic Dry Index + Watchlist
BDIY:IND

290.00

mick silver

11th February 2016, 09:37 AM

train with no BRAKES ... LET ME OFF North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-304.21
-1.91%
15,610.53
11:35am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-30.47
-1.65%
1,821.39
11:36:36am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-996.77
-2.47%
39,379.81
11:18am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-9.87
-1.38%
707.10
11:35am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
-35.29
-1.20%
2,896.75
11:14am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
-568.72
-1.34%
41,830.47
11:14am ET

hold on mother fvker for the ride of your life

mick silver

11th February 2016, 09:51 AM

Asian Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Australia ASX All Ordinaries (http://money.cnn.com/data/world_markets/asx100)
Australia
+44.40
+0.92%
4,870.90
12:42am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Shanghai SE Composite Index (http://money.cnn.com/data/world_markets/se_composite)
China
-17.53
-0.63%
2,763.49
Feb 5

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-742.37
-3.85%
18,545.80
3:01am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Mumbai Sensex (http://money.cnn.com/data/world_markets/sensex)
India
-807.07
-3.40%
22,951.83
7:29am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225)
Japan
-372.05
-2.31%
15,713.39
Feb 10

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Taiwan TSEC 50 Index (http://money.cnn.com/data/world_markets/tsec50)
Taiwan
-68.24
-0.85%
8,063.00
Feb 3

mick silver

11th February 2016, 09:51 AM

European Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
FTSE 100 (http://money.cnn.com/data/world_markets/ftse100)
England
-123.38
-2.18%
5,548.92
11:29am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Euronext 100 (http://money.cnn.com/data/world_markets/euronext)
Europe
-23.83
-2.98%
776.20
11:19am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
CAC 40 (http://money.cnn.com/data/world_markets/cac40)
France
-140.07
-3.45%
3,921.13
11:19am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
DAX (http://money.cnn.com/data/world_markets/dax)
Germany
-247.43
-2.74%
8,769.86
11:35am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Swiss Market Index (http://money.cnn.com/data/world_markets/swiss)
Switzerland
-235.31
-3.04%
7,496.62
11:30am ET

Neuro

11th February 2016, 10:20 AM

Wow Dow down -357 now! And Gold up $58! Is this beginning of Armageddon?

mick silver

11th February 2016, 10:37 AM

North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-356.80
-2.24%
15,557.94
12:36:45pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-34.67
-1.87%
1,817.19
12:36:57pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-1,010.13
-2.50%
39,366.45
11:35am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-10.96
-1.53%
706.01
12:21:46pm ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
-36.08
-1.23%
2,895.96
11:28am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
-531.57
-1.25%
41,867.62
11:30am ET could this be a 500 down day are will the free paper save the day again

mick silver

11th February 2016, 10:40 AM

Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)

Brazil
-1,010.13
-2.50%
39,366.45
11:35am ETwe so fvcked

Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-742.37
-3.85%
18,545.80
3:01am ET

mick silver

11th February 2016, 10:41 AM

The crash in oil prices continues to ruin your portfolio. U.S. stocks took another punch to the gut on Thursday as investors freak out over (http://money.cnn.com/2016/01/21/investing/oil-crash-fallout/index.html?iid=surge-story-summary) oil diving back below $27 a barrel. (http://money.cnn.com/2016/02/11/investing/oil-price-crash/index.html?iid=EL)

The Dow (http://money.cnn.com/data/markets/dow/?iid=EL) dropped 375 points, while the S&P 500 (http://money.cnn.com/data/markets/sandp/?iid=EL) lost 2%. The Nasdaq (http://money.cnn.com/data/markets/nasdaq/?iid=EL) is off 1.7%, putting the tech-heavy index closer to its first bear market (http://money.cnn.com/2016/02/09/investing/nasdaq-bear-market-netflix-amazon-tesla/index.html?iid=EL) since the Great Recession.
The latest selloff reflects how anxious investors remain over the slowdown in global growth and the health of large European banks (http://money.cnn.com/2016/02/10/investing/european-banks-oil-prices-deutsche-bank/index.html?iid=EL).
"There's a broad-based lack of confidence," said Anthony Valeri, investment strategist at LPL Financial. "Everything suggests this market is heading lower in the short term. Psychology is too frail."
Related: Why you should worry about cheap oil (http://money.cnn.com/2016/01/21/investing/oil-crash-fallout/index.html?iid=surge-story-summary)
But the main focus is oil, which plummeted 5% to as low as $26.22 a barrel on Thursday. If crude gets below $26.19, it'll be the lowest level since 2003.
Cheap oil is great for consumers (http://money.cnn.com/2016/02/10/news/economy/gas-savings/index.html?iid=EL) -- but it's fueling lots of turmoil on Wall Street. Investors fear it's a bad omen, signaling something wrong with the underlying economy. Yet many believe the oil crash has been driven by an epic supply glut (http://money.cnn.com/2016/02/04/investing/oil-prices-space-us-inventories-supply-glut/index.html?iid=EL), not an alarming decline in demand.
The oil collapse is also causing trouble for energy companies, with dozens filing for bankruptcy over the past year and many others slashing jobs and suffering from steep declines in profits.
"People are losing jobs in the oil patch. Will it create a domino effect to other parts of the economy? That's the fear," said Valeri.
Europe bank jitters grow
Fears are also on the rise about how much of a hit big banks that loaned money to energy companies will take from the spike in defaults (http://money.cnn.com/2016/01/22/investing/oil-crisis-defaults-rise/index.html?iid=EL).
That's one reason why European banks have been plunging in recent weeks. Shares of Societe Generale (SCGLF (http://money.cnn.com/quote/quote.html?symb=SCGLF&source=story_quote_link)), one of France's largest banks, tumbled 12% on Thursday after reporting poor results (http://money.cnn.com/2016/02/11/investing/societe-generale-bank-stocks/index.html?iid=EL). Other big banks like Credit Suisse (CS (http://money.cnn.com/quote/quote.html?symb=CS&source=story_quote_link)) and Deutsche Bank (DB (http://money.cnn.com/quote/quote.html?symb=DB&source=story_quote_link)) also fell sharply.
"European banks are suffering from a crisis of confidence," Michael Block, chief strategist at Rhino Trading Partners, wrote in a client note. "SocGen did little to alleviate concerns."
Related: Poor earnings and Sweden's rate cut slam European banks (http://money.cnn.com/2016/02/11/investing/societe-generale-bank-stocks/index.html?iid=EL)
Gold spikes above $1,250
No matter the cause, signs of fear abound in financial markets.
Gold, which tends to rise when people are scared, surged 5.3% to a one-year high of $1,258 an ounce. It's the biggest buying binge for gold since 2009.
Investors are also fleeing to the safety of bonds backed by the U.S. government. The 10-year Treasury yield plummeted to 1.53% on Thursday, its lowest level since August 2012.
The Nasdaq is getting closer and closer to a bear market, which signals a 20% decline from a previous high. If the tech-heavy index sinks below 4,185.55, it'll be in bear-market territory, based on its all-time high from last summer.
Investors will also be closely watching Federal Reserve chief Janet Yellen's second day of testimony on Capital Hill. Yellen acknowledged on Wednesday that the market turmoil and strong dollar could hurt the economy (http://money.cnn.com/2016/02/10/news/economy/janet-yellen-testimony-congress/index.html?iid=EL), though she reiterated the Fed's plan to gradually raise rates.

CNNMoney (New York) First published February 11, 2016: 9:28 AM ET

madfranks

11th February 2016, 10:47 AM

We all knew that once the Fed started QE, that it could never end. After 7+ years of 0% interest rates, they actually raised it 0.25%, and look how the market reacts!! The economy is hopelessly addicted to cheap & easy money, it's a drug that can no longer be taken away. The economy will die without it!

cheka.

11th February 2016, 03:21 PM

http://www.businessinsider.com/global-stocks-enter-bear-market-2016-2

On Thursday, the MSCI all-country world index closed down 20% from its recent high to meet the technical definition of a bear market.

The index tracks large and mid-cap stock performance across 23 developed and 23 emerging countries, and peaked last May. It fell about 1% Thursday.

We'd note that the index had touched bear-market territory, but it has now closed down more than 20% from its peak.

Earlier today, global markets continued to sell off, with the Dow falling by as many as 400 points during the trading session.

The collapse into a bear market was accelerated last August and September, and then again in the first six weeks of this year. There are a whole host of reasons investors can give for dumping stocks, including the oil crash and the devaluation of the Chinese yuan.

Also, central banks worldwide spooked investors as they cut interest rates, some into negative territory, and announced more stimulus measures to boost domestic demand — indications that pockets of the global economy are in distress.

US stocks had the worst start to a year ever and remain in correction — a 10% drop from recent highs, with the Nasdaq less than 2% away from a bear market.

mick silver

12th February 2016, 04:27 AM

North and South American Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Dow Jones Industrial Average (http://money.cnn.com/data/markets/dow)
United States
-254.56
-1.60%
15,660.18
Feb 11

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
S&P 500 INDEX (http://money.cnn.com/data/markets/sandp)
United States
-22.78
-1.23%
1,829.08
Feb 11

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Brazil Bovespa Stock Index (http://money.cnn.com/data/world_markets/bovespa)
Brazil
-1,058.28
-2.69%
39,318.30
Feb 11

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Canada S&P/TSX 60 (http://money.cnn.com/data/world_markets/tsx60)
Canada
-6.55
-0.91%
710.42
Feb 11

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Santiago Index IPSA (http://money.cnn.com/data/world_markets/ipsa)
Chile
-19.77
-0.68%
2,912.27
Feb 11

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
IPC (http://money.cnn.com/data/world_markets/ipc)
Mexico
-39.93
-0.09%
42,359.26
Feb 11

mick silver

12th February 2016, 04:28 AM

Asian Indexes

Index
Country
Change
% Change
Level
Last Update

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Australia ASX All Ordinaries (http://money.cnn.com/data/world_markets/asx100)
Australia
-54.30
-1.11%
4,816.60
12:11am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Shanghai SE Composite Index (http://money.cnn.com/data/world_markets/se_composite)
China
-17.53
-0.63%
2,763.49
Feb 5

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-226.22
-1.22%
18,319.58
3:01am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Mumbai Sensex (http://money.cnn.com/data/world_markets/sensex)
India
+34.29
+0.15%
22,986.12
6:10am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225)
Japan
-760.78
-4.84%
14,952.61
1:15am ET

http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Taiwan TSEC 50 Index (http://money.cnn.com/data/world_markets/tsec50)
Taiwan
-68.24
-0.85%
8,063.00
Feb 3

http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif

mick silver

20th February 2016, 05:49 AM

http://images.csmonitor.com/csm/2016/02/964349_1_cartoon160212-01_standard.jpg?alias=standard_900x600

mick silver

20th February 2016, 05:53 AM

Name
Value
Net Change
% Change
1 Month
1 Year
Time (EST)
2 Day

INDU:IND
DOW JONES INDUS. AVG
(http://www.bloomberg.com/quote/INDU:IND)
16,391.99
-21.44
-0.13%
+1.85%
-9.64%
2/19/2016

SPX:IND
S&P 500 INDEX
(http://www.bloomberg.com/quote/SPX:IND)
1,917.78
-0.05
0.00%
+0.57%
-9.12%
2/19/2016

CCMP:IND
NASDAQ COMPOSITE INDEX
(http://www.bloomberg.com/quote/CCMP:IND)
4,504.43
+16.89
+0.38%
-1.89%
-9.11%
2/19/2016

NYA:IND
NYSE COMPOSITE INDEX
(http://www.bloomberg.com/quote/NYA:IND)
9,485.96
-19.02
-0.20%
+0.63%
-14.61%
2/19/2016

SPTSX:IND
S&P/TSX COMPOSITE INDEX
(http://www.bloomberg.com/quote/SPTSX:IND)
12,813.40
-117.96
-0.91%
+3.42%
-15.55%
2/19/2016

mick silver

20th February 2016, 06:13 AM

.The US Economy Has Not Recovered and Will Not Recover (http://www.counterpunch.org/2016/02/19/the-us-economy-has-not-recovered-and-will-not-recover/)by Paul Craig Roberts (http://www.counterpunch.org/author/paul-craig-roberts/) The US economy died when middle class jobs were offshored and when the financial system was deregulated.
Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits. More (http://www.counterpunch.org/2016/02/19/the-us-economy-has-not-recovered-and-will-not-recover/)

mick silver

20th February 2016, 06:27 AM

February 19, 2016 The New Global Financial Cold War (http://www.counterpunch.org/2016/02/19/the-new-global-financial-cold-war/)
by Michael Hudson (http://www.counterpunch.org/author/michael-hudson/) by

Email (http://www.counterpunch.org/2016/02/19/the-new-global-financial-cold-war/?share=email&nb=1)

http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2015/07/print-sp.png (http://www.counterpunch.org/2016/02/19/the-new-global-financial-cold-war/print/)

http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2016/02/shutterstock_309846272-1.jpg
The Guns and Butter Interview
Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’ That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.
Dr. Michael Hudson. is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super Imperialism (http://www.amazon.com/exec/obidos/ASIN/0745319890/counterpunchmaga) is a critique of how the United States exploited foreign economies through the IMF and World Bank. His latest book is Killing the Host: How Financial Parasites and Debt Destroy the Global Economy (http://store.counterpunch.org/product/killing-the-host-digital-book/). Today we discuss his article, “The IMF Changes Its Rules to Isolate China and Russia (http://www.counterpunch.org/2015/12/18/the-imf-changes-its-rules-to-isolate-china-and-russia/).”
Bonnie Faulkner: Michael Hudson, welcome. It’s been far too long since we’ve last spoken.
Michael Hudson: Well, it’s good to be back. Last time we were together was in Italy.
Bonnie Faulkner: That’s right, Rimini, Italy. What year was that?
Michael Hudson: It must have been four years ago because we were there with Stephanie Kelton from UMKC, whom Bernie Sanders has appointed chief economist for the Democrats on the Senate Budget Committee. Bill Black of UMKC was also there. I used some of my lectures there in my book Finance Capitalism and Its Discontents, published in 2012.
Bonnie Faulkner: Michael, I produced actually seven shows from the presentations in Rimini on Modern Money Theory with you, with Marshall Auerback, William K. Black, Stephanie Kelton, and they were blockbuster shows, I must say.
Michael Hudson: That’s great. That was a wonderful presentation. When we walked in, it was in this big soccer stadium and we felt like we were the Beatles, walking down the middle aisle. People were cheering us and calling out our names and it was as if we were pop heroes.
Bonnie Faulkner: The Italians turned out to be so warm and so enthusiastic for an alternative economic theory. I was amazed, too.
Michael Hudson: Yep. And people came there from Spain and from all over. That was one of the best presentations any of us had ever been at.
Bonnie Faulkner: I’m so happy I was able to be there. That is a conference to remember, for sure. Well, I’ve been reading your article, “The IMF Changes Its Rules to Isolate China and Russia.” It rings an alarming bell about the implications of rule changes at the International Monetary Fund, the IMF, which makes loans to governments. Before we discuss these IMF rule changes specifically, what precipitated these drastic policy shifts at the IMF?
Michael Hudson: There are a number of policy shifts. The first shift was that – In the past the IMF has not made loans to countries that are in default to governments. That’s because in the past, the government in question was the U.S. Government. Since World War II almost all international financial bailout or stabilization loans by the IMF and World Bank have involved the U.S. Government, in conjunction with consortia of U.S. banks.
For the first time, now that China and the BRICs are growing, countries are borrowing not only from the United States subject to U.S. lobbying forces, but can now borrow from China and other countries as well.
The United States has responded by changing the IMF rules. It said, ‘Wait a minute. It’s okay for the IMF to make loans to countries that don’t pay China and Russia or the BRICs, because we’re in a new Cold War. The IMF really is working for us.’ As long as the U.S. has veto power in the IMF, its delegate can veto any loan to a country that owes money to the United States that the United States doesn’t wish to support. But it has no objection for the IMF making loans to U.S. satellites such as Ukraine, that official debts to Russia.
Ukraine last December owed $3 billion to Russia on a loan that is coming due from the Russian state investment fund. The United States is doing everything it can to hurt Russia economically, thinking that if it hurts it enough, Russia will capitulate to the U.S. strategy. The New Cold War strategy is basically an attempt to force other countries to privatize their economies to follow neoliberal policy. The aim is to open their economies to U.S. corporations and U.S. banks.
The IMF rules change was to mobilize the IMF basically as an agent of the U.S. Defense Department, with a side office on Wall Street. All of a sudden it’s become clear that the IMF is not an international institution for global economic performance. It’s an arm of U.S. Cold War diplomacy, one that’s moving far to the right very quickly under the Obama Administration.
Bonnie Faulkner: We now have the Shanghai Cooperation Organization, the SCO as an alternative military alliance to NATO and the Asian Infrastructure Investment Bank, the AIIB, which threatens to replace the IMF and World Bank. How successful do you think these new alternatives to the Western banking system will be?
Michael Hudson: The big point is that the Western banking system, the World Bank and the IMF are unsuccessful. The IMF follows a junk economics that says if you owe money to foreign bondholders or banks, you have to impose austerity on the country to pay whatever is owed. The junk economics at work claims that austerity will enable debtors to squeeze enough tax money out of their economy to pay foreign bankers and bondholders. This is the same disastrous theory that the British and the Americans and the French used in the 1920s to insist that Germany could pay any amount of reparations if it only would tax the economy enough.
This theory was shown to be false by John Maynard Keynes and also by the American, Harold Moulton, at the Brookings Institution. But the lessons of the 1920s were rejected by the IMF, because they know very well – and the staff has made it very clear – that austerity doesn’t enable a country to pay its foreign debts. Austerity makes countries less able to pay. That means they will need to borrow even more.
Then the IMF comes in with its number-two punch: The number one punch is austerity. The number two punch is to say: ‘Well, I guess our program didn’t work. What a disappointment. You now have to begin privatizing your industry and natural resources. Sell off your land.’ They tell other debtor countries essentially what they told Greece over the last year.
When the austerity plan demanded by the IMF since 2010 didn’t help Greece, they joined with the rest of the Troika (the European Central Bank and European Union) in 2015 to demand that Greece agree to sell off its islands, sell off its ports, sell its water systems, sell everything in the public domain. After that demand demand had been made on Greece in the summer of 2015, it was Ukraine’s turn.
http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2016/02/Screen-Shot-2016-02-19-at-10.18.51-AM.png (http://store.counterpunch.org/)h
The number one punch against the Ukraine by the IMF was to impose austerity on the pretense (its junk economics) that Ukraine could pay its foreign bondholders with income taxed out of its domestic economy. When this made things worse, the World Bank and USAID came in. The U.S.-appointed finance minister fingered the agricultural land, gas rights and other natural resources that Ukraine could sell off to American and European investors – but not to Russians.
The idea is that if American investors can buy the key infrastructure and commanding heights of the Ukrainian economy, it can pry Ukraine apart from Russia. Ukraine played a key role in the Russian economy. Much Russian military and space industrial output was produced in the Donbas region in eastern Ukraine.
So the idea was that separating Ukraine from Russia is the first step in trying to carve up Russia, and then to carve up China, breaking them into little pieces. The aim is to treat China and Russia like the Mideast, like Libya, Iraq, Afghanistan and Syria – as smash-and-grab exercises to take their natural resources and enterprises.
[B]Bonnie Faulkner: What is the aim of the Trans-Pacific Partnership Treaty and how is it at odds with the Asian Infrastructure Bank, the AIIB?
Michael Hudson: I could give a glib answer and say the aim is to reduce the population by 50%, to starve people, abolish pensions and spread poverty. That actually is the effect.
The cover story pretends to be about trade, but the real agenda is to force privatization and disable government regulation. This reverses what was central to the whole Progressive Era. For the last 300 years, the assumption of Europe and North America was that you were going to have a mixed
http://uziiw38pmyg1ai60732c4011.wpengine.netdna-cdn.com/wp-content/dropzone/2015/08/2KillingTheHost_Cover_rule.jpg (http://store.counterpunch.org/product/killing-the-host-digital-book/)economy, with governments investing in infrastructure, roads and other transportation, communications, water and sewer systems, gas and electricity. The role of government infrastructure was to provide these basic needs at minimum cost in order to promote a low-cost, competitive economy. That’s how America got rich. That’s how Germany industrialized and how the rest of Europe did. Bit the aim of the Trans-Pacific Partnership is to reverse and privatize public investment. Its ideology is that the economy should be owned and operated by private owners, private enterprise, whose aim is short-term profit.
There are a number of related aims: to nullify environmental protection regulations that cost money, to nullify protection of labor, and to nullify attempts to tax natural resources or economic rent. The idea is to turn roads and the transport system into toll roads, which will be owned by foreigners and run at a high charge. The Internet and the water system will be sold off and made into toll systems, to charge for their services and for other basic needs. This will impose a neo-feudal rentier economy throughout the world as the finance, industrial and real estate (FIRE) sector takes over the government sector.
I think you could say that at the broadest level, the idea is to roll back the Enlightenment and restore feudalism. That may sound like an extreme statement, but people don’t realize how radical the TPP’sinvestment agreements are. For instance, when Australia raised the charges on cigarettes and included health warnings on the packs, Philip Morris sued, insisting that Australia pay it what Philip Morris would have made if people would have continued to smoke and get cancer at the existing rate.
When Ecuador tried to sue oil companies for pollution, the oil companies sued, and now the country has to pay the oil company the amount of profit it would make if it continued to produce oil by polluting the land – to an infinite degree. No government anywhere in the world that signs this will be free to regulate the environment or even to enact new taxes on rent-seeking or other private enterprise.
Essentially, the new buyers of the roads the water systems, the sewer systems, can use these as rent extraction opportunities without anti-monopoly regulations. That means they can charge whatever the market will bear, and treat foreign countries sort of like New York City cable customers are treated. I live in Forest Hills in Queens. We have one supplier, Time Warner. If I want cable, I have to pay what they charge, and it has nothing to do at all with their cost of production. I have to rent their cable box, not buy one of my own.
That’s what economic rent is. It’s a revenue above the cost of production. For hundreds of years the economics of Adam Smith, David Ricardo, John Stuart Mill and Thorstein Veblen wrote about how to create an economy that would produce everything at its actual, technologically and socially necessary cost, without any free lunch, that is, without any kind of unearned income (“economic rent”).
The aim of the Trans-Pacific Partnership and its European version is to promote unearned rent extraction. Rentier interests have backed a body the kind of junk economics to replace classical economics, against the Progressive Era and social democracy, to create a right-wing ideology that they call free trade. The term is Orwellian doublethink.
Bonnie Faulkner: Have these rulings by the World Trade Organization been enforced against these countries you mentioned, such as Australia?
Michael Hudson: I think Philip Morris failed, but it forced the government to spend tens of millions of dollars in legal fees. It’s almost impossible for a poor government like Ecuador or even Australia, to spend the legal fees that it costs to defend themselves against a battery of corporate lawyers. Under the TPP, the referees would be drawn from the corporate sector and its law firms.
The judgments and rules are made outside of government and outside of laws that voters enact. So corporate oligarchy replaces democracy. Decisions as to how much governments will have to pay corporations in compensatory damages are made by a small group of referees in a revolving door with the corporate sector. In effect, they will work as lobbyists for these corporations.
Bonnie Faulkner: China accelerated its creation of the alternative China International Payments System, CIPS, and its own credit card system. What is the SWIFT Interbank Clearing System, and is the new Chinese payment system a threat to it?
Michael Hudson: All banks have a clearing system when you write checks on a bank account. The SWIFT system is a huge computer software program that enables people to write checks to send money to others who use other banks.
About a year ago U.S. strategists thought about going to a new Cold War with Russia. It might quickly become military. But the U.S. saw that it could hurt the Russian economy without having to send troops in. We don’t have to invade. That’s old-style warfare. No country can invade another with troops these days. But the U.S. can hold Russia or any other economy hostage by suddenly excluding it from the SWIFT payments clearing system. Their banks, individuals and corporations can’t clear any money. So they’re paralyzed. The U.S. will have smashed their economic linkages and communications.
As soon as the Americans talked about this, China and Russia responded. They naturally don’t want a nation that says it may want to go to war with them to have such disruptive power. Obama and Hillary Clinton have already made such threats. So Russian leaders have said that they would like to be part of a global unit, but as long as the United States is running SWIFT for its own interests and is acting in a hostile way, they need to protect their own bank clearing systems.
So China took the lead in creating its own bank clearing system. People and companies and government organizations in China and the other BRICS countries won’t have to be hostage to the United States doing with a computer malware program what it did to Iranian centrifuges. Just like we blew up the Iranian centrifuges by installing a virus to speed them up. It could do that with SWIFT. Now, China and the BRICs are moving to defend themselves against this prospect.
Bonnie Faulkner: Well, now, has China’s international Payment System been implemented yet or is it still being planned?
Michael Hudson: I think they’re still in the process of developing it, because it’s hard to develop a system as complex as this. There’s an inertia for these things, making it easier to build on the existing clearing systems. It takes a lot of time to develop a replacement. The situation is like Microsoft’s Office program. That’s why Mac computers use Word and Excel. It takes billions of dollars to write a program that doesn’t have glitches in it. I think the Chinese are still trying to work out the glitches because they don’t expect overt warfare quite yet.
Bonnie Faulkner: Russian Prime Minister Putin proposed a partnership, or at least cooperation, between the West and the emerging military and economic partnerships in the East. Putin’s overture to the West seems to have fallen on deaf ears. Why do you think?
Michael Hudson: This is the same hope that has existed since the 1990s, even before Putin came into power. The idea was that Russia is willing to join NATO, seeing that atomic war between the industrial nations of the world is now out of the question.
They do face a common threat from Wahhabi Islam, funded by Saudi Arabia – Wahhabi Sharia Law terrorism. Russia is concerned about Saudi-backed terrorists on its southern front, from Georgia, Azerbaijan, all the way through central Asia. The Chinese also are concerned about Wahhabi terrorism through the Uyghurs. ISIS and Al Nusra are acting as America’s Foreign Legion. When Hillary Clinton overthrew the Libyan government, the arms and military stockpiles were turned over to ISIS. Libya’s central bank resources were robbed and also turned over to ISIS. When America marched into Iraq, it turned the Sunni army and all those billions of dollars of shrink-wrapped hundred-dollar bills over ultimately to ISIS. So although America opposes ISIS when they kill Americans, ISIS is basically America’s way of breaking up countries that may threaten not to be part of the global dollar standard.
Russia hoped that the United States would see that this is a crazy system. America, Russia and Europe can get rich in mutual trade. If Europe pursues its economic interests, it would see itself as a natural trading partner of Russia. Europeans and probably Americans could go to Russia and try to build up the economy, because it needs entrepreneurs.
But instead of pursuing a mutual prosperity sphere between Europe, Russia and the United States, the United States has pressed Europe into a dead zone of neoliberal austerity. That is shrinking Europe’s economy and carving it off from Russia. This prevents prosperity for Europe, on the ground that it would also benefit Russia or China.

mick silver

20th February 2016, 06:29 AM

The idea from the Americans’ side is to treat Russia like it treated Cuba, Iran and Libya – to isolate it, expecting Russia to knuckle under. But instead, Russia’s much bigger than Cuba or North Korea, and China is even bigger. So instead of just surrendering to the American neoliberal economic plan, they’ve decided that America has driven them together in a mutually defensive alignment. U.S. diplomacy has brought about precisely the Eurasian unity that it set out to try to prevent.
Bonnie Faulkner: Yes. I believe in your paper at one point you described some of the IMF members as wearing suicide vests to blow up that institution. I thought that was a pretty good description.
Michael Hudson: It’s indeed as if the United States walked into the IMF meeting with a suicide vest and said, ‘We want the IMF to only serve U.S. interests, not international interests.’ So that’s broken the illusion that the IMF as an honest broker to help countries stabilize.
U.S. pressure has radically changed a series of rules. One rule I mentioned above is not to lend to a country that refuses to pay another government. That wasn’t formally in the IMF Articles of Agreement. But what is in the IMF articles is that you’re not supposed to lend to a country that has no visible means of paying back the loan. That is called the “No More Argentinas” rule, passed after the IMF lent Argentina money in 2001 to pay its bondholders. Argentina had no prospect of repaying these bad loans.
The IMF broke this rule when it lent to Greece after 2010. Some of the staff left the IMF, seeing their analysis ignored. The IMF’s Board asked how it could lend this money to Greece to pay German, French and English banks and bail out bondholders without seeing how Greece could pay.
The IMF leader, Dominique Strauss-Kahn, overruled the staff and these Board members by creating a new “systemic risk” rule. This rule allowed the IMF to violate its Articles of Agreement and lend to any country if failure to repay a loan would threaten to pose a systemic risk to many countries. In practice, the IMF defined systemic risk simply to be the thought that a bondholder might lose more than $1. That might crash “confidence. So in order to save bondholders and banks from losing, the economy would be wrecked by debt deflation. By the way, just a few days ago, on January 29th the IMF reversed that rule, saying that it’s not going to use that excuse any more.
Another element of the IMF Articles of Agreement stipulates that it is not supposed to lend to a borrower at war. One obvious reason is that if a country is at war, especially a civil war that’s bombing its export sector as Ukraine is doing, how can it obtain the foreign exchange to pay its foreign debt? Most Ukrainian exports were to Russia. The attack on Donbas and Eastern Ukraine has destroyed this export industry.
The United States strong-armed the IMF to make the loan to Ukraine. Its managing director Christine Lagarde said that she hoped Ukraine wouldn’t spend the money on war. But one and a half-billion dollars were given to the kleptocrat bankers Kolomoiski, who immediately moved it offshore but used his domestic money to finance an anti-Donbas army. The very next day, President Poroshenko said that now Ukraine could afford to wage more war.
The fourth IMF rule that is broken is that it isn’t supposed to lend to a country that has little likelihood of carrying out an austerity program. This is called a conditionality. It involves over-riding democratic opposition. Ukraine is cutting back pensions and imposing austerity, so there’s little chance of the country surviving as a democracy. The United States basically has come in and acknowledged that it’s dropping the pretense of backing democracies. In the 1960 and ‘70s it backed dictatorships in Latin America, including the overthrow of Allende in Chile. And now the IMF will lend to countries at war, even when they cannot pay, as long as they do what U.S. strategists want. But it won’t get loans to pay Russian banks or BRICs banks.
Bonnie Faulkner: Now, Michael, you’ve already begun to answer this question but maybe we can get a little clarification on it. Russia’s National Wealth Fund made a loan to the Ukraine. You’ve brought this up. This Russian loan was protected by IMF lending practice, and the bonds were registered under London’s creditor oriented rules and courts. Describe how IMF and World Bank rules protected the original structure of post-World War II sovereign lending practice.
Michael Hudson: The IMF said it would not make a loan to a country that owed money or was in default of a loan to any government that did not negotiate in good faith to pay foreign governments. Ukraine owed $3 billion to Russia’s Sovereign Wealth Fund – obviously a government organization. The Russian loan was made on concessionary terms, but it also had protections. Because it was a Sovereign Wealth Fund, it protected itself by registering the loan in England. There’s been a debate in Russia over whether Ukraine can avoid repaying Russia.
Last year the U.S. Treasury had a long discussion with bank lawyers about how Ukraine might default and still be able to qualify for loans from the IMF. Well, we’ve seen the answer. The IMF rules were changed. Remember, the European Union and international banks usually will not join in a loan consortium to a country if the IMF doesn’t also join. The debtor country must be in good standing with the IMF.
But now, instead of protecting the system of loans among governments, the IMF will only protect loans to governments in the U.S. orbit, not to governments that the United States doesn’t like. In practice, that means anybody that doesn’t follow neoliberal policies.
Basically the United States sought to remove Russia’s legal ability to collect the $3 billion Ukraine owed. There was a discussion about whether Ukraine could call it an odious debt, because anything owed to Russia is deemed odious since Obama called Putin a kleptocrat and corrupt. For 50 years America has been lending to blatantly corrupt dictators in Latin America, Africa and Asia, but not them corrupt, from Pinochet down through Tony Blair. The U.S. is smashing up the framework of international law.
Ukraine knows that it will lose any legal attempt to avoid paying Russia in the British courts where the bonds are registered. That court is very creditor oriented. But at least Ukraine can tie up its ultimate settlement.
Ukraine and its U.S. backers may think that with oil now below $30 a barrel and Russia needing money, maybe they can starve Russia into submitting to the U.S. dictates. This is crazy, because Russia obviously is not going to surrender. A few days ago Foreign Minister Sergei Lavrov announced that Russia is rethinking its relationship with the West. It’s obvious the United States opposes economic linkages between Germany, other European countries and Russia. So Russia is rethinking its relationship with Europe. If Europe acts like it wants to be the 51st state of America instead of pushing its own economic interests, the Russians will turn eastward toward China and toward the BRICs. Too bad! It could have been a nice mutual prosperity relationship.
Bonnie Faulkner: You’ve titled your article “The IMF Changes Its Rules to Isolate China and Russia,” because that’s what they’re doing. The purpose behind these rule changes is to isolate China and Russia. Now, China and Russia were cooperating with the IMF and the World Bank, weren’t they?
Michael Hudson: Yes they were. The main objective of U.S. strategy from the beginning was China. For three years the United States has been discussing openly how to isolate China. It doesn’t want to see a potentially independent great power. It’s okay if Chinese labor works at low wages to supply Wal-Mart with low-priced exports, but not for China to be an independent powerhouse.
China has given American investors and importers enough of a common interest to lobby to prevent the U.S. Government from intensifying its Cold War against China. But Russia doesn’t have that much leverage offering the West ways to get rich, especially since they threw Khodakovsky in jail after he tried to sell Yukos’s oil to Exxon. That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon’s accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.
China wants to make its currency part of the global currency basket of the IMF. It wants to establish the yuan on the same status as the dollar so that it can avoid having to rely on American banks for its export trade, and especially for its domestic credit creation. It wants to avoid what U.S. neoliberals did to Russia in 1992 and 1993. They convinced Russia that its central bank needed to hold U.S. dollars as backing for its domestic ruble currency. Since Russia didn’t have many U.S. dollars, the result was a drastic deflation (“shock therapy” with no therapy), which ended up de-industrializing Russia.
There was no need for Russia to borrow in a foreign currency to meet domestic expenses for its own labor and industry. The ruble was turned into a satellite currency of the dollar, and left to crash in 1997 as capital flight to sterling and dollars amounted to about $25 billion each year.
That is what China wants to avoid. They want to be free of reliance on the dollar, except for what they need to import from the United States or to defend the currency against raids. George Soros said that he expects the yuan to go down. That’s a sign to currency raiders to try to profiteer by driving the Chinese currency down. The Chinese are trying to free themselves from interconnections to the dollar orbit, except to get dollars that they need to import things from the United States – which I guess are not much, except for movies.
Bonnie Faulkner: You mentioned four of its own rules that the IMF broke in making loans to Ukraine. I’m wondering if you wouldn’t mind just very briefly stating what these four broken rules are, so that people can get their heads around why this is such a sea-change.
Michael Hudson: One rule is not to lend to a country that has no visible means of paying back the loan. That’s the “No More Argentinas” rule. It already was broken with the Greek loan, with Strauss-Kahn introduced the “systemic risk” loophole to protect banks.
The second rule is not to lend to a country that repudiates its debt to official creditors, meaning a country won’t pay what it owes to another government. That rule made the IMF an enforcer for the creditor cartel. But it is now only an enforcer on behalf of U.S.-favored creditors.
The third rule is not to lend to a country at war. Ukraine’s at war, in a civil war with the East. But Donbas is backed by Russia, so that’s OK now.
The fourth rule is not to lend to a country that is not going to impose the IMF austerity conditionalities, which make countries so poor that they end up bankrupt and have to sell off their natural resources and other assets. Ukraine’s post-coup government hardly can follow IMF conditionalities without being voted out of office, but in the meantime they can sell land and gas rights to Soros and Monsanto, so that’s OK.
These four rules are now broken. Ukraine has not yet begun to sell off its natural resources, and there’s some argument going on because the kleptocrats want to hold onto them and make the same deal that their Russian counterparts made in the early ‘90s: They’ll sell maybe 25% of their monopoly to U.S. buyers, list their companies on the U.S. or British stock exchanges, let buyers bid up prices, and then sell their 75% and take payment in London, New York or wherever. The important thing is that they will take the sales proceeds out of Ukraine, leaving the country with no money in the bank, while owing an enormous amount every year to transmit profits on agricultural land and economic rents extracted from the roads, gas and other infrastructure being sold off.
Bonnie Faulkner: You say that at issue between the East and West is a philosophy of development. How does development differ in the two systems?
Michael Hudson: The neoliberal American philosophy of development is an Orwellian term for the absence of development. It reverses development. The neoliberal plan is to create a post-industrial society. By “post-industrial” I mean a neo-rentier economy returning to feudalism. Instead of governments taking the lead and providing basic services at a low price to become a competitive economy, neoliberalized governments sell roads and energy, electricity, water and sewers to buyers that are going to charge whatever the market will bear. This is going to impoverish the country. It’s the opposite of what development economics taught through most of the 20th century.
Bonnie Faulkner: What kind of scenario have U.S. State department and Treasury officials been discussing for more than a year as a way to oppose Chinese and Russian infrastructure loans to other countries? I think you started to talk a bit about this already.
Michael Hudson: The United States did not join the AIIB, and it tried to discourage other countries from joining. There was a lot of hand wringing when England joined the AIIB and other countries tried to do it. The United States essentially is trying to create an iron curtain separating the BRICS from the U.S. dollar orbit. It’s a financial curtain – not an iron curtain, but an electronic one.
Bonnie Faulkner: Did you write in your article that the IMF would go ahead and loan to countries, and tell them that they wouldn’t have to repay their loans to China or Russia but could still borrow from the IMF?
Michael Hudson: The IMF didn’t come right out and tell countries that they don’t have to repay. The problem is, there has to be an international court. There has to be an enforcement vehicle. For instance, you have a lot of the vulture funds claiming that Argentina owes them money on its bonds, but so far they haven’t been able to collect. They were able to get Nigeria to grab one of the Argentine training boats, but because it was government property the country was directed to release it.
Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’
That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.
Bonnie Faulkner: You describe this as a “tectonic, geopolitical shift that will be fought with all the power of an American Century inquisition.” What do you mean by inquisition?
Michael Hudson: Dirty tricks. President Obama has said that we’re not going to invade another country, because no country’s really able to mobilize enough troops without creating a domestic economic and political crisis. His alternative is targeted assassination. That’s what the United States has long done, in Chile under Nixon/Kissinger and Guatemala and Nicaragua under Reagan.
Or most simply, you bribe other governments to get them to promote people in foreign countries who work for the United States. You want to make sure, in England, for instance, that someone like Tony Blair becomes prime minister, who will do whatever he’s told by the U.S. You want to make sure that if a country tries to be independent, like Chile did, you come in and kill the president. If you have countries that want land reform, you start Operation Condor and kill 10,000 professors, land reformers and union leaders. Essentially, it’s a terrorist policy.
Finally, you use ISIS and al-Nusra as an American Foreign Legion and send them into whatever country you want to smash and grab.
Bonnie Faulkner: You write: “We have America Pentagon capitalism with financial bubbles deteriorating into a polarized rentier economy and a resurgence of old-fashioned imperialism. If and when a break comes, it will not be marginal, but a seismic geopolitical shift.” What are your thoughts on the coming breakup of the post-World War II dollarized global financial system? What will it look like?
Michael Hudson: Other countries will try to get rich in the same way that the United States tried to get rich: by promoting prosperity, a domestic market, by subsidizing research and development just like the United States has subsidized high technology. And, they will try to prevent rent seeking – to prevent special privileges, whether they’re patent privileges or ownership of cable TV systems. The aim is to prevent super-profits or economic rent – unearned income.
You want people to be able to earn in a way that reflects their actual contribution to production, and you want to uplift the status of labor. You want to educate your labor force, to make it a modern technological labor force.
All this takes government subsidy, and hence a mixed economy of public and private sectors in which governments pay for most of the infrastructure costs in order to help the private sector compete better.
So other countries may do what the United States did since its Civil War. They will be protectionist, they will try to upgrade the quality of their labor, and also will upgrade the quality of their agriculture. They will promote high-technology industry, public health care and basic needs at a low public expense. This would achieve what social democracy set out to achieve a century ago in the Progressive Era. That is the path that the United States and Europe have now rejected.
Bonnie Faulkner: In your article you wrote that the result is “to split the world into pro-U.S. economies going neoliberal, and economies maintaining public investment in infrastructure and what used to be viewed as progressive capitalism.”
Michael Hudson: I think when the Soviet Union fell apart and Russia and other countries invited in U.S. advisors, they were under the impression that these neoliberals were going to help them develop in the same way that the United States had developed and become as prosperous and productive an industrial economy as the United States.
What Russians didn’t realize was that the United States had no intention of helping them get rich the way the United States did. U.S. advisors came in to smash and grab. They de-industrialized Russia, as well as the Baltics, and pulled up the connecting links from the old Soviet Union. The effect was to turn Russia back into a raw materials supplier.
The result was not only poverty but mass emigration. Latvia, for instance, is applauded as a “Baltic miracle,” as if it is a success story. The miracle is that wages have been going down steadily for the last decade, driving 10 to 20% of the population to leave – mainly working-age population. The same thing occurred in Russia. Much of its technically trained engineers and others left for the United States and helped U.S. industrialization. Neoliberalizing Russia didn’t help it become more prosperous. But it made American investors very rich for a while.
Bonnie Faulkner: What about the post-2010 IMF loan packages to Greece? Are they an instance of the IMF breaking its rules?
Michael Hudson: That was when the debate within the IMF occurred over the “No More Argentinas” rule. The IMF wasn’t supposed to lend to a country that had no visible ability to repay. That is what my book Killing the Host (http://store.counterpunch.org/product/killing-the-host-digital-book/) is about. I have three chapters on Greece as an example of how, in the past, the IMF would only smash up Third World countries, mainly on behalf of U.S. mineral companies and other exporters. Greece was the first European country that the IMF came in explicitly to smash up in order to privatize it. I have a chapter on Latvia also, so this gets into the topic that Killing the Host is about.
Bonnie Faulkner: You write that Dominique Strauss-Kahn backed the hard-line U.S./European central bank position regarding Greece. So did Christine Lagarde in 2015, overriding staff protests.
Michael Hudson: The IMF staff had opposed lending to Greece, because it couldn’t pay. But then Strauss-Kahn met with French President Sarkozy and said that he wanted to run for the French presidency. Sarkozy told him that he couldn’t possibly be a successful politician in France if, as head of the IMF, he let Greece default on its bonds. French banks would have suffered if the IMF didn’t bail them out.
Then, President Obama went to the Group of Twenty meeting, after Tim Geithner, the Treasury Secretary, had been on the phone with Europe, and said that if Greece didn’t pay the French and German bondholders, the American banks had made huge bets and would go under – and so would big European banks who were counterparties. So even though Strauss-Kahn knew that Greece couldn’t pay, the whole system would go down’ – meaning the American banks would lose. Obama and Geithner said that the IMF couldn’t let American gamblers lose on the bets they had made on this financial horse race. It was deemed preferable to break up Greece, even if this meant breaking up Europe. That was the tradeoff: the banks vs. the Greek economy.
That’s the enormous asymmetry of the egotistic the U.S. stance. It’s naked greed. They’re willing to smash the IMF, Greece and European integration just so Goldman Sachs and the Wall Street banks that had made bets that Greece would pay wouldn’t take a loss.
That led the head of the European section of the IMF to resign. She went to Canada, I think, and the Canadians published her whistle-blowing there. It destroyed the IMF’s credibility even before the Ukrainian crisis.
Bonnie Faulkner: You’ve written that the reason for smashing Greece’s economy was to deter Podemos in Spain and similar movements in Italy and Portugal from pursuing national prosperity instead of eurozone austerity. Do you think that was an important component?
Michael Hudson: That’s certainly what the European Central Bank said was critical. They said, ‘We cannot let Syriza win,’ and the finance minister of Greece, Yanis Varoufakis, said that he was told while meeting with the IMF and the Europeans that democracy doesn’t matter. It doesn’t matter what the people voted for. Greece was told to pay the debts that its previous corrupt governments had agreed to.
The Financial Times and almost all the international press noted that if Greece’s debt was written down to save it from being wrecked, the IMF and the rest of the EU Troika would have to write down the debts of Italy, Spain and Portugal. The whole debt collection system would go. So either the troika would save the banks or save the economy. They said, ‘Save the banks, not the economy.’
That’s also what President Obama did in the United States when he bailed out the banks in 2008. He did not write down the debts or break up the banks. That’s why Bernie Sanders is running today.
So essentially the U.S. orbit says, ‘Save the banks, not the economy.’ The problem is that the volume of interest-bearing debt grows exponentially. Any rate of interest is a doubling time. So the debt is going to grow and grow exponentially. That obliges debtor countries to impose deeper and deeper austerity. And every economy that you impose this austerity on is going to react like Russia or Latvia or Greece. There’s going to be emigration, a decline in the birth rate, a rise in the death rate and a spread of disease. There’s going to be a shrinking market as the debtor economy is torn apart.
The struggle of our time is over whether to save the banks or the economy. In the end, the banks can’t be saved because most debts are unpayable. The United States position is, in effect, ‘They may be unpayable out of current earnings and current exports, but there’s still room to pay if you sell off the public domain to the creditors.’
So what you’re having now is a vast global foreclosure process. Creditors and bondholders are, in effect, taking payment in the form of domestic roads, transport system, communications, water and sewer systems, and similar infrastructure. I call this neo-feudalism. It’s rolling back industrial capitalism. It’s rolling back the growth in markets, imposing economic shrinkage and neo-feudalism. That’s what a rentier economy is. It’s a rent extraction economy, not an economy earning profits by producing more and hiring labor to produce and expand the economy. It’s the reverse of the dynamic of industrial capitalism as everyone thought of it a century ago.
Bonnie Faulkner: Michael Hudson, thank you very much.
Michael Hudson: Well, it’s always great to be on your show and I’m glad you’re back, Bonnie.
I’ve been speaking with Dr. Michael Hudson. Today’s show has been: The New Global Financial Cold War. Dr. Hudson is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super-Imperialism: The Economic Strategy of American Empire, is a critique of how the Untied States exploited foreign economies through the IMF and World Bank. He is also author of Trade, Development and Foreign Debt and The Myth of Aid, among many others. His latest book is, Killing the Host: How Financial Parasites and Debt Destroy the Global Economy (http://store.counterpunch.org/product/killing-the-host-digital-book/). Dr. Hudson acts as an economic advisor to governments worldwide, including Iceland, Latvia and China on finance and tax law. Visit his website at Michael-Hudson.com.
Guns and Butter is produced by Bonnie Faulkner, Yarrow Mahko and Tony Rango. Visit us at gunsandbutter.org (http://www.gunsandbutter.org/) to listen to past programs, comment on shows, or join our email list to receive our newsletter that includes recent shows and updates. Email us at faulkner@gunsandbutter.org. Follow us on Twitter at #gandbradio.
Michael Hudson’s new book, Killing the Host (http://store.counterpunch.org/product/killing-the-host-digital-book/) is published in e-format by CounterPunch Books and in print by Islet (http://www.amazon.com/exec/obidos/ASIN/3981484282/counterpunchmaga). He can be reached via his website, mh@michael-hudson.com

More articles by:Michael Hudson (http://www.counterpunch.org/author/michael-hudson/)

mick silver

20th February 2016, 05:48 PM

OPEC Is Out of Business, But Dollar Crash Will Save the Oil Price© AP Photo/ Hassan Ammar, File

World (http://sputniknews.com/world/)20:07 20.02.2016Get short URL
9 (http://sputniknews.com/world/20160220/1035106025/opec-disagreement-dollar-crash.html#comments)5895313

The OPEC oil cartel is finished because its members don't trust each other, but a severe weakening in the US dollar will cause oil prices to rise later in the year, investment expert Michael Pento told Sputnik.The supply and demand of oil will both be subject to great volatility this year because many oil companies will not be able to maintain their business at low prices, and there will be a "destruction" of demand from Asia, Michael Pento of Pento Portfolio Strategies told Radio Sputnik.

"What's going to save the oil market is going to be a fall in the US dollar, and I think oil bottoms around $20 a barrel and then climbs higher from there, but that won't happen until later this year."
"Towards the end of 2016 the US Central Bank assents to the notion that they cannot engage in a protracted regime of rate hikes. The US economy is already headed for recession, we are already in a manufacturing recession, it's spilling over to the service sector and I think it's going to intensify over time this year."

http://cdn5.img.sputniknews.com/images/102110/98/1021109801.jpg
© AP Photo/ Fernando Llano
Venezuela for Lower Oil Output, Other Producers May Change Stance (http://sputniknews.com/latam/20160220/1035098071/venezuela-lower-oil-output.html)

Members of the OPEC cartel are bidding for market share and are more interested in putting frackers out of business than supporting the oil price by agreeing to lower production, Pento said."These is no OPEC any more, they do not trust each other."
"I'm not at all enamored with the belief that these disparate nations can agree on anything anymore. There is no coalition that's cohesive and that can stay together."
By focusing on oil prices, observers are missing the symptoms of a wider economic malaise across the world that continues because the problems of the 2008 economic crash were never solved, Pento said.

http://cdn1.img.sputniknews.com/images/101487/04/1014870417.jpg
© AP Photo/ Rosneft press service
Russia to Retain Share on Global Oil Market If Production Frozen - Minister (http://sputniknews.com/russia/20160220/1035083007/russia-global-oil-market.html)

A depression that was engendered by artificially low interest rates, asset bubbles and debt was then compounded by "taking interest rates down to zero and leaving them there for seven years.""Now they're trying negative interest rates. There's seven trillion dollars' worth of sovereign debt with a negative yield and yet we still can't generate any growth."
"No-one acknowledges that falling oil prices are a symptom of the global metastasizing deflationary depression that's occurring right now."
"It's not just oil prices that are down, it's every commodity, it's soy beans, corn, base metals, energy, so it's not just oil – oil is a symptom of the global slowdown and the only thing that's going to save that is a rapid amount of supply destruction later this year and a turn in the value of the US dollar."
"We're entering into a world of what I call 'recessflation,' it used to be called 'stagflation,' now it's recessflation where you're going to have rising prices, higher inflation and economic stagnation on a global basis. This is one of the reasons why gold is having such a wonderful year."

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Related:Stable Post-2020 Global Oil Supply at Risk From Project Cuts (http://sputniknews.com/world/20160220/1035099061/global-oil-deliveries.html)Iran to Increase Daily Oil Production by 700,000 Bls – National Oil Company (http://sputniknews.com/middleeast/20160220/1035089817/iran-oil-production-increase.html)Oil Production Freeze to Decrease Refinement by 1.3 Mln Barrels per Day (http://sputniknews.com/world/20160220/1035082695/oil-production-freeze-refinement.html)

Read more: http://sputniknews.com/world/20160220/1035106025/opec-disagreement-dollar-crash.html#ixzz40l7jaxx5

Neuro

13th July 2016, 01:18 PM

New all-time high! 18,371 a minute ago...

Joshua01

13th July 2016, 01:23 PM

New all-time high! 18,371 a minute ago...

...and metals keep going up. Makes no sense at all

Neuro

13th July 2016, 01:33 PM

...and metals keep going up. Makes no sense at all

No-one wants to be in cash!

Spectrism

13th July 2016, 01:35 PM

The markets are rigged. The central banks have been buying stocks- something considered illegal in years gone by. And, with essentially zero interest rates, companies have been quick to buy back their own stocks. This saves them from paying dividends.... and keeps the stocks from falling inspite of decreased sales.

The metals go up as the fear grows and the trust in the fiat currency dwindles. Also, there is only so long the metals physical markets can be faked on paper. That reckoning is when they run out of metals at the paper prices.

Horn

13th July 2016, 03:52 PM

i think they have a word for this, its called inflation.

i could be wrong, but in january 2016 everyting went up in price 15%.

percious metals are a dog ofcourse and only now attempt it, or given slack to tempt it.

Neuro

25th September 2017, 05:59 PM

Just thought it was time to revive this thread. Dow is at 22,296. This is more than 3 times it's value in 2009. I think we are heading towards a yuge plunge.

Cebu_4_2

25th September 2017, 07:11 PM

Just thought it was time to revive this thread. Dow is at 22,296. This is more than 3 times it's value in 2009. I think we are heading towards a yuge plunge.

Wont happen, are you still long in stocks? I used to be huge in them and no one I know is into them at all now. Used to make a decent living but that turned into a mega loss. Should have just kept it in a bank at zero interest.

Neuro

26th September 2017, 12:12 AM

Wont happen, are you still long in stocks? I used to be huge in them and no one I know is into them at all now. Used to make a decent living but that turned into a mega loss. Should have just kept it in a bank at zero interest.

Not long in anything investment grade the last 15 years. Perhaps you know the wrong people? Or perhaps the entire market is made up of Warren Buffet, Chinese hedge funds, the PPT, and Goldman Sachs high frequency trading bots. If that is the case.... Then when the oracle of Omaha decides to sell the entire stock market will seize to be in microseconds . ;D

old steel

26th September 2017, 12:42 AM

Definitely though, 1000.00% an algo is holding this market up...buying everything in site, can only think of 1 entity that has that kind of $$

Cebu_4_2

26th September 2017, 01:14 AM

Not long in anything investment grade the last 15 years. Perhaps you know the wrong people? Or perhaps the entire market is made up of Warren Buffet, Chinese hedge funds, the PPT, and Goldman Sachs high frequency trading bots. If that is the case.... Then when the oracle of Omaha decides to sell the entire stock market will seize to be in microseconds . ;D

Yep that's exactly it, how did you know?

Neuro

26th September 2017, 01:22 AM

Yep that's exactly it, how did you know?

Just a hunch...

old steel

27th September 2017, 12:54 AM

Oh yeah, i heard the Fed had a meeting.....

https://pbs.twimg.com/media/DKqnX3wVYAElFjR.jpg

StreetsOfGold

5th February 2018, 05:59 PM

PPT having a bad day? Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018
"This sell-off, in the bigger scheme of things, is not that big......says one strategist."

https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html

So, relax and let's pretend everything is ok, the sell off is "NOT THAT BIG" (meaning, it's going to get bigger) LOL

Cebu_4_2

5th February 2018, 06:12 PM

PPT having a bad day? Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018

"This sell-off, in the bigger scheme of things, is not that big......says one strategist."

https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html

So, relax and let's pretend everything is ok, the sell off is "NOT THAT BIG" (meaning, it's going to get bigger) LOL

More 'corrections' in the future. They can blame Trump again but I think the big cards are starting to fall.

Hitch

5th February 2018, 07:50 PM

Joshua01

5th February 2018, 07:52 PM

I certainly hope so. These are the days where diversification allows me to relax, enjoy the show and sleep soundly at night.
Biggest drop in the Dow since 2011. What do y'all think? Is this the start of the big collapse, or just a bad trading day?

Joshua01

5th February 2018, 07:54 PM

"This sell-off, in the bigger scheme of things, is not that big. But it is very important in psychological terms," says one strategist.

How do we know this person isn't the dumbest strategist to ever walk the planet? Hint: we don't!

PPT having a bad day? Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018

"This sell-off, in the bigger scheme of things, is not that big......says one strategist."

https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html

So, relax and let's pretend everything is ok, the sell off is "NOT THAT BIG" (meaning, it's going to get bigger) LOL

Hitch

5th February 2018, 08:04 PM

I certainly hope so. These are the days where diversification allows me to relax, enjoy the show and sleep soundly at night.

What's interesting, is very little change in the gold and silver prices. That to me, suggests it's just a temporary dip, or much needed correction. I remember when gold/silver prices were taken down by the recession back in 08/09.

I really think gold/silver, watching what they do, will tell us a lot of what's coming. Also, bitcoin is down quite a bit as well. So, no flight to safety there.

PatColo

5th February 2018, 08:57 PM

one of the Q-Anon drops this morning asks (re Fri's 666 drop),
https://qcodefag.github.io post #664

Feb 5 2018 09:18:31 Q !UW.yye1fxo ID: 472124 275572

(https://8ch.net//qresearch/res/274511.html#275572) >>275544
[666]
Signal to POTUS THEY CONTROL THE MARKET?
SIGNAL?
THREAT?
WELCOME TO THE GLOBAL WAR.
Q

old steel

5th February 2018, 09:09 PM

Rothschilds, Soros and others selling and converting assets.

Rothschild Family Sells Large Austrian Hunting Estate

https://www.mansionglobal.com/articles/87753-rothschild-family-sells-large-austrian-hunting-estate

(https://www.mansionglobal.com/articles/87753-rothschild-family-sells-large-austrian-hunting-estate)Apache Co. (APA) Holdings Reduced by Rothschild Investment Corp IL

https://stocknewstimes.com/2018/02/01/apache-co-apa-stake-decreased-by-rothschild-investment-corp-il.html

Also heard about another family in Europe that liquidated their substantial physical silver holdings.

Trumps new law regarding confiscation of properties/assets of those involved in child trafficking etc coming into play?
(https://www.mansionglobal.com/articles/87753-rothschild-family-sells-large-austrian-hunting-estate)

latemetal1

6th February 2018, 03:52 AM

Percentage wise, not that big a drop, and still way overpriced. Diversification and physical holdings help me sleep.

Horn

6th February 2018, 08:43 AM

Big enough for a slide back into 2008 type rut.

The wheels should spin for atleast 2-3 weeks.

Dachsie

6th February 2018, 08:54 AM

I don't know from nuthin about investing in the stock market and diversification yadda yadda, but I think the most astounding thing about this stock market drop is that THEY made it drop
exactly 666 points immediately after the MEMO was released.

That is a clear message to we the sheeple from the bankster cabal showing us that it is THEY who totally control and manipulate the stock market numbers and that they also have control of the "movement" or the "message" that the MEMO release gets us all excited about.

(About ten years ago I called in to a radio show and asked this stock market expert guy if what I heard was true that Goldman Sachs makes one hundred million dollars profit per day through their computerized algorithmic frontrunning hustle, where this is derived from about one or two cents profit per trade because they get in a second or two before anyone else. The expert said 'yes, that was completely true." That is when I realized it was THEM who controlled our "money" and the cost of everyday items needed to be purchased to live. )

cheka.

6th February 2018, 09:55 AM

Dachsie

6th February 2018, 10:02 AM

Yes, that very true, but precisely controlled signal it definitely was.

Dachsie

6th February 2018, 11:46 AM

The Jewish bankster cabal that controls the USA is sending a threatening message to Trump that if he pursues his present Drain the Swamp activities, they will crash the market and blame it on him. The timing when the inevitable actual crash happens is what is being fought over right now, not the fact that the crash will happen.

The crash is totally controlled* and the question is can we out the cabal and save America and Americans, and really the world, by not getting caught up in THEIR dialectical games. Remember, THEY want civil unrest and revolution and race war and killing in the streets and martial law and gun control. Can we expose THEM and guide our country and our people through the crash without all they want to happen?

* Many years of booms and busts and manipulations of stocks and metals and bonds and federal reserve actions, and maybe now even cryptos, have been all about the Cabal setting up the big issue of a total economic crash in USA as well as the whole world. This threat of an impending imminent destructive economic crash is a playing piece on the grand chessboard that must be executed to actually begin at the right time. This playing piece is crucial to installation of the One World Death and Slavery System for ALL, that I use instead of the term NWO New World Order. The dream of the internationalists globalists banksters, who by the way are not all Jews but some are simply their moneyed politico lackeys, cannot happen to bring about their centuries old plan unless this crash happens and happens in the exact time and magnitude that they want.

There is some small hope that America can stand and make it through the crash and that its people are awakened to truth and work all together to just weather the storm and have America rebuilt and restored and left standing strong.
President Trump and Q Anon and Jerome Corsi and Judicial Watch and Fox TV news are exposing this big Plan to destroy America and save America and Americans are each working in their own particular way by exposing a major aspect of factor in the big Plan. However all of them have varying degrees of objectivity and therefore true rule-of-law perspective.

As Christians we can pray that the President is guided and preserved by the King of King's help and His methods. I just do not know for sure if that is happening but I can have faith and pray. We have to be very circumspect about good appearing media activities in all of this and we have to realize that TOTAL TRANSPARENCY and exposure of everything our government does is not good and will destroy America. Likewise, lies of omission and deliberately not talking about certain major issues at all and not pursuing truth about pivotal major issues is also a good way to destroy America. Pursuing truth and justice is not the same thing as Total Transparency and exposure of everything.

So far it appears, though not sure, President Trump is forcing his opponents into killing themselves. I just hope the President has rightly determined who exactly his opponent is.

We the people are totally tired of being told to be patient and wait and that in the future the right people will be tried and convicted and sent to prison.

The next carrot held out and promised to we the people will be the Dept. of Justice Inspector General's (Obama Appointee fixer Michael E. Horowitz) report. We are told this is the really big one and this one will sew up the victory against our nation's big enemy. But how long will we have to wait for this big report to be fully, not loaded with redactions, disclosed to the American people. Meanwhile, while we keep waiting and hoping and praying, more and more innocent children will be sacrificed and more and more innocent people all over the world will be killed and trafficking and herded/ immigrated and our economic collapse could happen and our nation could descend into the needed crisis.
That is why I do not like all the games even the good media is playing on we the people.

madfranks

6th February 2018, 01:52 PM

I don't see how Trump gets through his 4 years without a recession hitting. We got 8 years of Obama borrowing trillions of dollars and the Fed keeping interest rates essentially at zero in order to keep the federal credit card doling out all the freebies, and the bubble grew and grew. The bubble in our economy today is bigger than it was before 2008-2009. Yes, it's going to come crashing down, and likely under Trump, which the MSM will love as they will get to blame it on him, instead of the real culprits, the Fed and Obama.

PatColo

6th February 2018, 02:40 PM

So far it appears, though not sure, President Trump is forcing his opponents into killing themselves. I just hope the President has rightly determined who exactly his opponent is.

As this Q/Storm thing has unfolded, the scenario which 'works' for me is, there has been a white-hat/patriot element, prolly even majority, within the intel & mil community, who've been pulling their hair out in frustration at the JWO subversion/takeover of the US; and these patriots, all Q-Clearanced & more fully aware of "the MAP (https://www.reddit.com/r/CBTS_Stream/comments/7vnn4h/q_map_very_large_file_but_detailed/)" than we'll ever be, worked out a plan of action to take the JWO cabal down. This plan was sitting on the shelf, waiting for a US prez who was on board. This plan was so elaborate, as to factor in the (((hostile media))), & include the current Q-Anon component, first establishing their cred & whispering sweet nothings to the online patriot community as to what (shit :D) was going down, to enlist their support, and to propagate to RW fam/friends as well as online.

This white hat element debuted in the 'counting' phase of the 11/8/16 fake election, when killery's JWO operatives were trying to steal the rigged election via fake/blackbox "results" from their rigged machines. JWO's MSM had worked for months already gaslighting the public, prepping them to accept the killery/prez "result" which defied what most people were seeing on the ground and online. Recall how loooong into early Wed 11/9/16 morning it was taking for certain states, obvious Trump states, to announce results? There was some kind of tug-of-war going on behind closed doors with the JWO trying to execute their pre-arranged election theft program, vs the patriots saying "oh no you won't!" The details of what went on behind those closed doors must be the stuff of an adventure novel.

Whatever happened behind those closed doors, the white hats came out on top, with an "official result" properly giving DJT the presidency... although with fake "photo finish" numbers apparently giving him "no mandate." IMHO, the real popular vote #s would have DJT with at least 60%, with a likely 50-state EC sweep.

"They never thought she would lose."
Q

But back to "the plan", guessing DJT was/isn't the mastermind, but that it was turnkey & waiting for a patriot in the Oval Office to execute. Did he single-handedly 'sell' all the )))top mil people((( below on his solo "Storm" brainchild? Or vice versa?

37s: https://www.youtube.com/watch?v=HH0AvaG3SqQ

https://www.youtube.com/watch?v=HH0AvaG3SqQ

Dachsie

6th February 2018, 03:12 PM

Always like to see such good thought, discussion and analysis.

Here is one other little thing that concerns me and that I fell prey to years ago in the late 1990s and early 2000s.

It is easy to see there is a coup and a cabal operating against the USA nation.

This makes all the calls from "the Right" and "the patriots" and "the military" seem vitally important.

We get riled up big time and the media urges and foments that riled up feeling among we the people.

For the media, even Disney owned Fox media, reved up Right wingers and rule of law and constitution rhetoric sells big time, especially when there is zero competition from the decidedly Lefty other MSM TV news media.

I believe "the Plan" goes way way back.

It is no accident that the American Revolution and the year 1776

is also the same year

as the founding of the Illuminati.

Getting people riled up to participate in a revolution is always useful to the workers of The Plan, even though there is a just use of good revolution in some instances. What we saw in the French Revolution of 1789 is how the people can be turned in the wrong direction and that is quite a big what has been arranged for the people of the USA.

NOT
Liberté, égalité, fraternité

BUT

Christus vincit! Christus regnat! Christus imperat!

Horn

7th February 2018, 09:23 AM

I see the peak of a deadcat bounce,

Nothing at all to do with politics, but with the exposure of Intel chip vulnrabilities and reactions there to.

The computing world has cast itself into a full on seizure with NSA meltdown flaws exploited.

Dachsie

7th February 2018, 09:25 AM

"Nothing at all to do with politics,"

Surely, you jest!

Horn

7th February 2018, 09:27 AM

Uncontrollable tailspin ensues :)

I've sat here for 2 hours watching my pc update to the latest safe version of windows 10.

Is stuck somewhere in the high 80% numbers.

osoab

10th October 2018, 03:40 PM

October surprise just beginning?

Horn

10th October 2018, 04:25 PM

Everyone bet that Hurricane Michael were not a major.

mamboni

10th October 2018, 10:58 PM

October surprise just beginning?I'm bullish "Depends." DJIA dropped another 800+ today. The insiders have been dumping stocks for weeks leaving the institutional investors/pension fund managers holding the bag. They are shitting their collective pants. Next shoe to drop is the bond market. And the idiots cannot buy the only safe haven investment: gold.

mamboni

11th October 2018, 04:51 PM

Another bloodbath DJIA down 546 on the day. Market was down 699 when massive buying commenced - obvious intervention by the PPT - also massive bond buying to suppress the 10y to 3.14 from 3.26 yesterday. Massive margin calls must have been triggered. Gold was up as much as $36 earlier - very encouraging because margin calls trigger massive liquidity calls and gold typically liquidated (cryptos got slaughtered) - not today! The markets look very fragile. We'll see if the PPT can keep this Ponzi propped up. I think this is it - we're in a bear market for stocks and bonds. The PPT can't hold back the tide (without massive QE).

Neuro

12th October 2018, 12:26 AM

Black Monday after the weekend?

mamboni

12th October 2018, 01:25 AM

Black Monday after the weekend?My gut feeling is the PPT will start quietly buying tomorrow AM (Friday) and keep the markets stable all day. I'll bet the major indexes finish Friday with little change. However, I think stocks are entering a bear market and will grind down slowly into Jan 2019. I say this because of the FED is committed to QT at 600B per annum and rising interest rates. The economy is stalling and there are lots of bankruptcies and store closings. I think the trade war will dampen any major foreign (Chinese) investment. So I don't see where more liquidity will come from to levitate these massively overvalued equity markets. Corporate debt levels are at nosebleed levels and all short term paper so rising interest rates will eviscerate earnings. The boomer 401k money stream, which heretofore was the major driver of the FAANGS spectacular gains via ETFs, is petering out due to aging demographics coupled with retirements and the continued loss of high paying jobs with private pensions. The millenials are not buying stocks - they're either saddled with obscene student debts, unemployed or working in low paying jobs. I don't see how the FED can fight this negative tide save for another round of QE - which would tank the dollar and light a match under the metals.

Neuro

12th October 2018, 04:56 AM

My gut feeling is the PPT will start quietly buying tomorrow AM (Friday) and keep the markets stable all day. I'll bet the major indexes finish Friday with little change. However, I think stocks are entering a bear market and will grind down slowly into Jan 2019. I say this because of the FED is committed to QT at 600B per annum and rising interest rates. The economy is stalling and there are lots of bankruptcies and store closings. I think the trade war will dampen any major foreign (Chinese) investment. So I don't see where more liquidity will come from to levitate these massively overvalued equity markets. Corporate debt levels are at nosebleed levels and all short term paper so rising interest rates will eviscerate earnings. The boomer 401k money stream, which heretofore was the major driver of the FAANGS spectacular gains via ETFs, is petering out due to aging demographics coupled with retirements and the continued loss of high paying jobs with private pensions. The millenials are not buying stocks - they're either saddled with obscene student debts, unemployed or working in low paying jobs. I don't see how the FED can fight this negative tide save for another round of QE - which would tank the dollar and light a match under the metals.

Impeccable analysis!

Horn

12th October 2018, 08:28 AM

mamboni

12th October 2018, 09:16 AM

If you were the PPT in the current atmosphere of rising interest rates,

wouldn't you let it crash further to buy the dip?

If that's your job to fund the 1% you should do it Liberally, then permit monopolies to ban private persons internet profiles who may know any difference.

Yes, that would be quick theft. But doing this fleecing of the people too fast could result in too much chaos that could spin out of their control and lead to expensive damage to infrastructure , riots, mass strikes. TPTB have succeeded in impoverishing the public into living in debt and paycheck to paycheck or subsistence on public assistance. The vast majority are simply unable to buy silver and gold - they are hanging by their financial fingertips. So now TPTB want the final plum: pensions and homes. They can steal this wealth slowly by gradually rising interest rates, a declining real stock market and inflation lest the frogs feel the heat and jump into revolt. Also, I believe that China has a lot more influence on this process than we are being told. China is our major creditor and they want an orderly transition to the reset and bankruptcy reorganization of the USA.

Horn

12th October 2018, 09:30 AM

China is our major creditor and they want an orderly transition to the reset and bankruptcy reorganization of the USA.

True, and near zero has been done in real terms to correct China's monopoly on manufacturing.

No real incentive has been created U.S. side to make use of the increase in rates. Excepting those top 1% who already have their daggers in the pie and no need for the rates. Everything else is basically speculative up to this point.

My belief is both China and U.S. want to shed large swaths of the population to soak up inflation.

https://www.youtube.com/watch?v=CW2vFhQVMMc

Jewboo

12th October 2018, 11:09 AM

True, and near zero has been done in real terms to correct China's monopoly on manufacturing.

https://theloadstar.co.uk/wp-content/uploads//China-manufacturing-680x0-c-default.jpg http://www.appleinforma.com/wp-content/uploads/2012/11/empleadas-foxconn.jpg

We must bring back those fabulous American jobs!

:rolleyes:

Horn

13th October 2018, 12:38 AM

https://theloadstar.co.uk/wp-content/uploads//China-manufacturing-680x0-c-default.jpg http://www.appleinforma.com/wp-content/uploads/2012/11/empleadas-foxconn.jpg

We must bring back those fabulous American jobs!

:rolleyes:

Just think about the "greeness and CO2" point.

Shipping millions of raw materials 1/2 way across the globe to be shipped back as finished goods.

Its like 1/2 the blame for the state of the economy and nobody even tables the topic besides nonretailers.

PatColo

13th October 2018, 05:51 AM

You'da figgered (((deep state))) would manipulate a stocks fall this month leading up to midterm, in their broad spectrum war on POTUS; as "xx new stock market highs since I was elected!" has been a 'trophy' POTUS has waved around often.

Jewboo

4th November 2018, 09:25 AM

https://i.4pcdn.org/pol/1459292418355.jpg

StreetsOfGold

4th November 2018, 05:59 PM

https://i.4pcdn.org/pol/1459292418355.jpg

Incredibles 2 train

https://www.gannett-cdn.com/-mm-/abbb9a1185338250ef51fc43bead5a2e2ea619c2/c=459-0-4091-2731/local/-/media/2018/06/12/USATODAY/USATODAY/636644287348684952-I2-RGB-z292-205a-cs-pub.pub16.377.jpg?width=520&height=390&fit=crop

End Times

4th November 2018, 06:04 PM

https://i.4pcdn.org/pol/1459292418355.jpg

United States is more like:

https://media.npr.org/assets/img/2018/02/05/ap_18035705067121_wide-6a9b30abdf03bd75fb0b2f50027e92390ee6944b-s800-c85.jpg https://vignette.wikia.nocookie.net/trains-and-locomotives/images/8/82/Amtrak_wreck.jpg/revision/latest/scale-to-width-down/624?cb=20130927235952 https://static.seattletimes.com/wp-content/uploads/2017/12/12222017_amtrak-report_095800-780x520.jpg

Spectrism

18th March 2020, 04:39 AM

In 3 weeks the stock market lost 3 years of steep gains. More than 30% drop. This is historic. Will it continue down?
This is my 7777 post. I am back for the end of days. It is now time.

madfranks

18th March 2020, 09:10 AM

In 3 weeks the stock market lost 3 years of steep gains. More than 30% drop. This is historic. Will it continue down?
This is my 7777 post. I am back for the end of days. It is now time.When those bubbles pop, they tend to do so dramatically. A secure economy based on strong fundamentals would not be able to lose 30% of its "value" just like that. The virus just happened to be the needle that popped the bubble. If it wasn't this, it would have been something different.