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Diegetics • View topic - Gloom, Doom, or Boom? Finance and Economics

Gloom, Doom, or Boom? Finance and Economics

Keep us apprised of what is going on in our world.

Moderator: YMix

Re: Gloom, Doom, or Boom? Finance and Economics

Postby Tinker » Tue Jul 26, 2011 2:41 am

The canary didn't die because this mine is dangerous, it died because it's lazy and wasn't raised with a proper work ethic.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Tue Jul 26, 2011 3:02 am

Yes, but only one side created a completely false dire scenario that will blow up in their faces and will hurt them seriously in the polls. And it ain't my side. Both sides are teaching the country that you can't trust Obama or a Democrat, and the country appears to be learning that.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Tinker » Tue Jul 26, 2011 3:42 am

The canary didn't die because this mine is dangerous, it died because it's lazy and wasn't raised with a proper work ethic.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Tue Jul 26, 2011 4:56 am

Just wait.
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Interesting piece by Evans-Pritchard

Postby Alexis » Tue Jul 26, 2011 7:26 pm

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby skyhook77sfg » Tue Jul 26, 2011 7:56 pm

think you are right...

have noticed major change in tone of corporate media talking heads even at Fou News..

even tenacity in followup questions painting tea party kings and queens in to the loony corner.

their corporate masters have suddenly realized the golem/frankenstein (depending on your personal preference) they created is out of control

and needs to be brought back on the reservation before bottom lines go south with a giant sucking sound

still might need the peasants marching on the castle with pitchforks though to keep the bad kabuki

from turning into a coming attractions promo for the ultimate rocky horror picture show
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Tue Jul 26, 2011 9:42 pm

I guess all the people touting skyhook's doom scenario were just lying after all.

But I knew it all along! Couldn't fool me!
The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests Patrick Henry

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby skyhook77sfg » Tue Jul 26, 2011 10:04 pm

аппара́тчик

the scenario of mine you misquote and mangle in your rush to rePublican party paradise was and is based upon default/government shutdown/dollar devaluation.

DO ALL PERVERTS LIE ALL THE TIME?



AND HERE IS A THOUGHT FROM THE ONLY APPARENTLY FUNCTIONAL ECONOMY AMONG THE WESTERN INDUSTRIAL NATIONS

translated from the original German at BILD just for the philologically inept such as yourself...

and i quote verbatim et litteratim :


"The Republicans have turned a dispute over a technicality into a religious war"
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Tue Jul 26, 2011 10:08 pm

Whatever. You were peddling the scare stories, pulling plugs on old people, watching them die (but you can't watch!), which you now acknowledge won't happen. You were lying, you knew better.

Deal with it.
The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests Patrick Henry

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby skyhook77sfg » Tue Jul 26, 2011 10:22 pm

аппара́тчик

amazing how you know what i know

when i dont know how you reactionary retrograde republican robber baron useful idiots

will actually play all this out when it comes to what we call nut cuttin time out on the range

cause from every indication the tail thats waggin your dog is more like a loose cannon on deck

that threatens to take all hands overboard with the next pitch of the ship...


glad im not on your ship of fools
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Re: Interesting piece by Evans-Pritchard

Postby Colonel Sun » Tue Jul 26, 2011 11:29 pm

Last edited by Colonel Sun on Fri Jul 29, 2011 11:36 am, edited 1 time in total.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Colonel Sun » Fri Jul 29, 2011 11:36 am

Never criticize anyone until you've walked several kilometres in their shoes.
Because

1. You're now several kilometres away; and

2. You've got their shoes.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Colonel Sun » Fri Jul 29, 2011 11:50 am



Merkel as a geisha. Ow, my eyes.
Never criticize anyone until you've walked several kilometres in their shoes.
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2. You've got their shoes.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby noddy » Fri Jul 29, 2011 3:03 pm

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby AzariLoveIran » Fri Jul 29, 2011 4:23 pm

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Colonel Sun » Fri Jul 29, 2011 5:24 pm

Never criticize anyone until you've walked several kilometres in their shoes.
Because

1. You're now several kilometres away; and

2. You've got their shoes.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Fri Jul 29, 2011 8:17 pm

The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests Patrick Henry

John Boner has brought change to America
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Fri Jul 29, 2011 10:49 pm

Reuters reporting all data from 2007-2009 has also been revised downward, but does not post the revisions.

http://www.reuters.com/article/2011/07/ ... I420110729
The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests Patrick Henry

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Colonel Sun » Fri Jul 29, 2011 10:49 pm

Never criticize anyone until you've walked several kilometres in their shoes.
Because

1. You're now several kilometres away; and

2. You've got their shoes.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Mr. Perfect » Fri Jul 29, 2011 10:50 pm

You're telling me. Before the Democrats convinced me under Bush that one man controlled everything that happens in the world I had radically different beliefs.
The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests Patrick Henry

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Demon of Undoing » Fri Jul 29, 2011 11:18 pm

It was known going into this quarter that the earthquake/tsunami was going to roll everybody. Obama's a dork, but I don't think he is Poseidon.

Very bad timing, though. Almost like Murphy has a grudge.
Don't know what it is, but I'm agin'it.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby noddy » Sat Jul 30, 2011 4:49 am

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Re: Gloom, Doom, or Boom? Finance and Economics

Postby Colonel Sun » Sun Jul 31, 2011 1:55 pm

Never criticize anyone until you've walked several kilometres in their shoes.
Because

1. You're now several kilometres away; and

2. You've got their shoes.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby noddy » Sun Jul 31, 2011 2:05 pm

interesting, thanks for that - it is more than asia thats currently favouring german engineering and they arent as dependant on the asian boom as i thought.
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Re: Gloom, Doom, or Boom? Finance and Economics

Postby YMix » Mon Aug 01, 2011 2:20 am



Jack Barnes: Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.

In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.

The massive trade wasn’t placed in bonds themselves; it was placed in the futures market.

The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.

The value of the trade was about $850 million dollars. In simple terms, if that was a direct bond buy, no one would be talking about it.

However, with the use of futures, you have to have margin capacity behind the trade. That means with a single push of a button someone was willing to commit more than $1 billion of real capital to this trade with expectations of a 10-to-1 return ratio.

You only do this if you see an edge.
This means someone is confident that the United States is either going to default or is going to lose its AAA rating. That someone is willing to bet the proverbial farm that U.S. interest rates will be going up.

I believe what happened is a debt-ceiling deal was done in Washington and leaked to a major proprietary trader. Everyone knows the debt negotiations in Washington have been an extreme game of brinksmanship between political parties, but now someone knows how that game played out.

This had the hallmarks of one of the largest bond shops in the world knowing something the rest of the market didn’t.

The number of shops or even central banks that can take on this level of market risk is extremely small. Some that come to mind are hedge fund manager John Paulson, Bill Gross’s PIMCO, and the U.S. and Chinese central banks.

Paulson already scored big – about $6 billion big – on a similar trade years ago when he bet against subprime mortgages, the investments that helped bring down Lehman Bros. and many other investors.

Whoever was behind it wanted a trade on ASAP, and didn’t care about the ripples they would cause.

You can see how this trade caused fear to be unleashed in the market once it got out and the implications hit by looking at U.S. Treasuries. People who were long 30-year Treasuries panicked as they saw the huge short put on the futures market, and started to unwind their long exposure.

What you, as investors, should do now is look at the bond exchange-traded funds (ETFs) that provide a positive rate of return when U.S. Treasuries drop in value. Yields are going up sooner rather than later, if the person behind this Armageddon trade is correct.
Humanity ought to be the first order of interest for humans.
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