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31.07.2011, 21:53
Pat Gorman on How to Protect Your Wealth, Invest for Success and Protect Your Family

Sunday, July 31, 2011 – with Anthony Wile

The Daily Bell is pleased to present this exclusive interview with Pat Gorman.

Introduction: Mr. Gorman has been actively extolling the virtues of honest money for nearly 30 years, the last fifteen of which he has spent as president of Resource Consultants, a Phoenix, Arizona based wealth advisory firm. Mr. Gorman has hosted the longest-running financial talk radio show in the Phoenix area, Hard Money Watch. And for the past 14 years, he has hosted an annual two-day wealth protection seminar attracting today's top free-market minds. Additionally, Mr. Gorman is the author of the 'Net best-selling book, The Value of Honest Money as well as a monthly investment newsletter outlining asset protection strategies. He is also a member of the board of directors of a public mining company.

A brief synopsis:

Daily Bell: You are no doubt following the metals' markets as usual. Give us a sense of where gold and silver are headed, in terms of purchasing power.

Pat Gorman: Up.

Daily Bell: Let us ask you some fundamental questions. How high will they go in your opinion?

Pat Gorman: I would be surprised not to see Gold well over US$5000 per ounce and Silver over US$100 per ounce within the next 2 ½ to 3 years. If I'm wrong, my timing is just off and it will happened sooner.

Daily Bell: Is the US dollar dead?

Read More (http://www.thedailybell.com/2744/Anthony-Wile-Pat-Gorman-on-How-to-Protect-Your-Wealth-Invest-for-Success-and-Protect-Your-Family) http://www.thedailybell.com/images/blackRightArrow.gif

31.07.2011, 22:39

31.07.2011, 22:57

White House And Republicans Reach Tentative Deal To Raise Debt Ceiling (http://thinkprogress.org/politics/2011/07/31/283881/deal-reached-debt-ceiling/)

By Alex Seitz-Wald (http://thinkprogress.org/author/alex-seitz-wald/) on Jul 31, 2011 at 12:34 pm

Less than three days from potential default, the White House and Congressional Republicans reached a potential deal to raise the debt ceiling and lower the deficit late last night. Republican Senate Leader Mitch McConnell (R-KY) said on CNN’s State of the Union today that both sides were “very close (http://www.politico.com/blogs/politicolive/0711/McConnell_Very_close_to_3_trillion_deal.html?showall)” to a deal that will cut $3 trillion over 10 years, saying negotiators have made “dramatic progress” over the weekend. Democrats appear (http://blogs.abcnews.com/thenote/2011/07/white-house-republicans-strike-tenative-deal-to-raise-debt-ceiling-.html) less confident that the deal will hold, but still expressed optimism...

.....As ThinkProgress’ Matt Yglesias notes, the fallout from this deal may extend far beyond the plan itself (http://thinkprogress.org/yglesias/2011/07/31/283862/compromise-in-the-works/):
[A]t this point the biggest damage is to the overall system of government. Obama has successfully transformed massive debt ceiling hostage taking from an act of breathtakingly irresponsible brinksmanship into a proven effective negotiating tactic. Suppose he gets re-elected in 2012. What’s he going to do when this issue recurs in 2013? Every time the president’s party has fewer than 60 votes in the Senate, we may face a recurrence of this crisis.

The emergence of a deal may, however, prevent a downgrade (http://www.politico.com/blogs/politicolive/0711/Zandi_Deal_should_avoid_downgrade.html?showall) from the credit rating agencies.


31.07.2011, 23:07
Risse in der Front gegen Ghadhafi (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Risse-in-der-Front-gegen-Ghadhafi/story/25306111)

http://files.newsnetz.ch/story/2/5/3/25306111/17/teaserbreit.jpg?1312145449 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Risse-in-der-Front-gegen-Ghadhafi/story/25306111) Neue Gefechte in den eigenen Reihen zeugen von verschärften Rivalitäten zwischen den libyschen Aufständischen. Spekuliert wird zudem, welche Rolle der ermordete Militärchef Junes tatsächlich hatte. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Risse-in-der-Front-gegen-Ghadhafi/story/25306111)

Aktualisiert vor 12 Minuten

....auch das noch :mad

01.08.2011, 08:57
http://s0.2mdn.net/viewad/817-grey.gif (http://ad.doubleclick.net/click;h=v8/3b56/0/0/%2a/b;44306;0-0;0;41429699;25461-938/200;0/0/0;u=938x200%7Chomepage%7Ccurtain%7C%7C%7C%7CD%7C%7C%7C%7C;%7Eokv=;global=1;cap_12=n;qcs=D;;plat=mac;br=ff;bv=5;subbv=0;load_mode=inline;page_type=homepage;pos=curtain;social=all_on_everywhere;dcopt=ist;u=938x200%7Chomepage%7Ccurtain%7C%7C%7C%7CD%7C%7C%7C%7C;sz=938x200;tile=3;bsg=103671;bsg=103672;bsg=103673;bsg=104353;bsg=105235;bsg=115778;bsg=115779;bsg=115780;;%7Eaopt=2/1/4c/1;%7Esscs=%3f) 'IT'S ALL CUTS' (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal_n_914538.html)
Deal Would Slash Trillions, Create Super Congress.. No Unemployment Benefits Extension.. (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal_n_914538.html) Paul Krugman: The President Surrenders (http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html)
http://i.huffpost.com/gen/319102/thumbs/r-DEBT-DEAL-huge.jpg (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal_n_914538.html)
Debt Ceiling Deal That Cuts Trillions, Creates 'Super Congress' Announced By Party Leaders

WASHINGTON -- Congressional leaders and President Obama on Sunday night announced they've cut a deal to avert a historic U.S. default, saying they have assembled a framework that cuts some spending immediately and uses a "super Congress" to slash more in the future.

The deal calls for a first round of cuts that would total $917 billion over 10 years and allows the president to hike the debt cap -- now at $14.3 trillion -- by $900 billion, according to a presentation (http://www.speaker.gov/UploadedFiles/3-7-31-11-Debt-Framework-Boehner.pdf) that House Speaker John Boehner (R-Ohio) made to his members. Democrats reported those first cuts (http://www.whitehouse.gov/fact-sheet-victory-bipartisan-compromise-economy-american-people) at a figure closer to $1 trillion. It was unclear Sunday night why those two estimates varied.

The federal government could begin to default on its obligations on Aug. 2 if the measure is not passed..........

U.S. Still Could Lose AAA Credit Rating.. (http://www.huffingtonpost.com/2011/07/31/debt-deal-nations-aaa_n_914554.html) Pelosi Does Not Promise Support.. GOP Senator Threatens Filibuster.. Dem Congressman: 'If I Were A Republican, I Would Be Dancing In The Streets'.. (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal-reached_n_905841.html#liveblog) LATEST UPDATES (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal-reached_n_905841.html#liveblog)

Comments (8,306) (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal_n_914538.html#comments)
| Health Care (http://www.huffingtonpost.com/news/health-care)
MisterNOitALL (http://www.huffingtonpost.com/social/MisterNOitALL?action=comments)
27 Fans (http://www.huffingtonpost.com/social/MisterNOitALL)
2 minutes ago (2:45 AM)
Washington will NEVER succeed in the formation of a "Super Congress" because their is a total and absolute lack of Super Congressme*n to fill the seats
http://www.huffingtonpost.com/images/trans.gif (http://www.huffingtonpost.com/social/Welease_Wodewick?action=comments) Welease Wodewick (http://www.huffingtonpost.com/social/Welease_Wodewick?action=comments) What's her name? Virginia Plain!
754 Fans (http://www.huffingtonpost.com/social/Welease_Wodewick)
0 minute ago (2:47 AM)
I have an 'election' slogan, for president Obama to use, in 2012.
YES - (to everything the Republican Party wants).
WEAK - (has NO ability, to defend Americans, against the Wrong-Wing*).
CAN'T - (my Republican friends, say 'NO').
.....dem Gesichtsausdruck nach des obigen Herrn ist zu schliessen, dass das Volk wieder mal über den Tisch gezogen wird - falls denn alles in trockenen Tüchern ist - noch fehlt die finale Bestätigung :oo

01.08.2011, 09:00
1.August - Schweizer Nationalfeiertaghttp://www.tell.ch/wap/ch.gif ....nix Börse ;):oo

01.08.2011, 09:03
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Bipartisan Debt Deal Fact Sheet: A "Victory" For The Republicans, The Democrats And, Of Course, The White House (http://www.zerohedge.com/news/bipartisan-debt-deal-fact-sheet-victory-republicans-democrats-and-course-white-house)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/01/2011 - 00:43 Congressional Budget Office (http://www.zerohedge.com/category/tags/congressional-budget-office) default (http://www.zerohedge.com/taxonomy/term/7) Medicare (http://www.zerohedge.com/category/tags/medicare) national security (http://www.zerohedge.com/category/tags/national-security) ratings (http://www.zerohedge.com/category/tags/ratings) Ratings Agencies (http://www.zerohedge.com/category/tags/ratings-agencies) recovery (http://www.zerohedge.com/category/tags/recovery) Unemployment (http://www.zerohedge.com/category/tags/unemployment) Unemployment Insurance (http://www.zerohedge.com/category/tags/unemployment-insurance) White House (http://www.zerohedge.com/taxonomy/term/223) Hot off the presses, here is the White House's very own (http://www.whitehouse.gov/fact-sheet-victory-bipartisan-compromise-economy-american-people?utm_source=wh.gov&utm_medium=shorturl&utm_campaign=shorturl)"debt deal" fact sheet, which is apparently a "win for the economy and budget discipline." Which is great since we already know it is a win for the GOP and the Democrats. In other words, the only thing better than a Win-Win, is a Win-Win-Win... in which the only loser, of course, is America. We caution readers on high blood pressure medication, on blood thinners, those on dialysis, and those prone to incontinence or murderous acts of rage to please skip this post.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/435969+--+From+ZeroHedge:+The%20Bipartisan%20Debt%20Deal%20Fact%20Sheet:%20A%20%22Victory%22%20For%20The%20Republicans,%20The%20Democrats%20And,%20Of%20Course,%20The%20White%20House)
Comments: 95 (http://www.zerohedge.com/news/bipartisan-debt-deal-fact-sheet-victory-republicans-democrats-and-course-white-house#comments)
New Comments:
Reads: 4,602

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Complete Transcript Of Obama's Not So Grand Compromise (http://www.zerohedge.com/news/complete-transcript-obamas-not-so-grand-compromise)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/01/2011 - 00:39 Consumer Confidence (http://www.zerohedge.com/category/tags/consumer-confidence) default (http://www.zerohedge.com/taxonomy/term/7) Medicare (http://www.zerohedge.com/category/tags/medicare) My fellow Americans...

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/435968+--+From+ZeroHedge:+Complete%20Transcript%20Of%20Obama%27s%20Not%20So%20Grand%20Compromise)
Comments: 27 (http://www.zerohedge.com/news/complete-transcript-obamas-not-so-grand-compromise#comments)
New Comments:
Reads: 1,347

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Obama Says Debt Deal Reached, America To Avoid Default, Or "Hank Gave Us A 3 Page Term Sheet; Boehner Gives Us A 7 Slide Powerpoint" (http://www.zerohedge.com/news/obama-says-debt-deal-reached-america-avoid-default)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 07/31/2011 - 21:03 Barack Obama (http://www.zerohedge.com/category/tags/barack-obama) Debt Ceiling (http://www.zerohedge.com/category/tags/debt-ceiling) default (http://www.zerohedge.com/taxonomy/term/7) Reuters (http://www.zerohedge.com/category/tags/reuters) Term Sheet (http://www.zerohedge.com/category/tags/term-sheet) White House (http://www.zerohedge.com/taxonomy/term/223) In a much anticipated statement, Obama just announced that he has struck a deal with Boehner on the debt and the deficit, which will allow the US to avoid default. And also, as Reuters adds, Obama said that spending cuts included in deal to raise the debt ceiling will not happen so quickly that they will drag on the fragile U.S. economy. In other words, there will be no cuts for the immediate future. But there will be a single $2.4 trillion debt ceiling raise (based on a Joint Committee green light, LOL) just as Obama desired. And of course, there will be no tax hikes. Bottom line: there will be about $40 billion in actual, real spending cuts until the next, $16.7 trillion debt ceiling limit is hit some time in Q1 2013, at which point it will have to be raised to $20+ trillion. But no really, they are cutting spending and all that.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/435965+--+From+ZeroHedge:+Obama%20Says%20Debt%20Deal%20Reached,%20America%20To%20Avoid%20Default,%20Or%20%22Hank%20Gave%20Us%20A%203%20Page%20Term%20Sheet;%20Boehner%20Gives%20Us%20A%207%20Slide%20Powerpoint%22)
Comments: 337 (http://www.zerohedge.com/news/obama-says-debt-deal-reached-america-avoid-default#comments)
New Comments:
Reads: 13,159

01.08.2011, 09:05
This is your country on oxycontin. Get used to it. h/t Ilene.

http://2.bp.blogspot.com/-Uz0trk-BFEk/TjXuvHObUfI/AAAAAAAARag/uJuuNxdfugE/s640/teapartiers.jpg (http://2.bp.blogspot.com/-Uz0trk-BFEk/TjXuvHObUfI/AAAAAAAARag/uJuuNxdfugE/s1600/teapartiers.jpg)

Posted by Jesse at 7:59 PM (http://jessescrossroadscafe.blogspot.com/2011/07/us-debt-limit-and-debt-versus-gold-in.html)

01.08.2011, 09:10
DeBT CeiLiNG CeLeBRaTioN! (http://www.zerohedge.com/contributed/debt-ceiling-celebration)
Posted by : williambanzai7 (http://www.zerohedge.com/users/williambanzai7)
Post date: 07/31/2011 - 23:26
There's a drunken debt party going on right here...

01.08.2011, 11:20
Irans Atomprogramm

Israels mörderische Sabotage-Strategie (http://www.spiegel.de/politik/ausland/0,1518,777197,00.html)

Ein Nuklearforscher nach dem anderen fällt in Iran einer Mordserie zum Opfer. Will der Mossad so den Bau einer iranischen Atombombe sabotieren? Israel dementiert das nicht. Noch rigoroser wollen israelische Generäle vorgehen: Sie fordern immer vehementer einen Luftangriff......

Unschuld beteuert man anders: "Israel antwortet nicht", sagte Israels Verteidigungsminister Ehud Barak (http://www.spiegel.de/thema/ehud_barak/), als er Anfang vergangener Woche gefragt wurde, ob sein Land in den jüngsten Mord an einem iranischen Atomwissenschaftler (http://www.spiegel.de/politik/ausland/0,1518,776254,00.html) verwickelt sei. Das Lächeln, das dabei seine Lippen umspielte, dürfte wohlkalkuliert gewesen sein. Israel lässt den Verdacht, es stecke hinter einer Mordserie an Physikern des umstrittenen iranischen Atomprogramms (http://www.spiegel.de/spiegel/print/d-76397407.html), gern im Raum stehen........

.....Rezaie ist seit Beginn 2010 der dritte iranische Atomphysiker, der seinen Beruf mit dem Leben bezahlt:

Im Januar 2010 stirbt der Kernphysiker Massud Ali Mohammadi, als eine ferngezündete Motorradbombe neben seinem Auto explodiert (http://www.spiegel.de/politik/ausland/0,1518,671438,00.html) . Nach westlicher Einschätzung gehörte Mohammadi zur Elite der iranischen Nuklearforscher.
Am 29. November 2010 verüben Unbekannte zwei Anschläge, bei denen Motorradfahrer während der Fahrt Sprengsätze an die Autos ihrer Opfer heften. Madschid Schahriari, Professor für Atomphysik mit dem für den Bau von Atombomben relevanten Spezialgebiet Neutronentransport, überlebt die Explosion seines Wagens nicht. Seine Frau wird schwer verletzt.
Gleichzeitig wird Feridun Abbasi angriffen. Der Experte für Isotopentrennung bemerkt den verdächtigen Motorradfahrer jedoch und springt mit seiner Frau aus dem Auto. Die Detonation verletzt beide. Nach Abbasis Genesung ernennt Präsident Mahmud Ahmadinedschad (http://www.spiegel.de/thema/mahmud_ahmadinedschad/) ihn zum Chef der Atomenergiebehörde und zum Vizepräsidenten.
Von Ulrike Putz, Beirut mehr... (http://www.spiegel.de/politik/ausland/0,1518,777197,00.html)


01.08.2011, 11:26
....trotz Beginn des Ramadan :confused:mad

Politik: 1. August 2011, 11:13

Granaten auf Hama (http://www.nzz.ch/nachrichten/politik/international/granaten_hama_syrien_1.11728453.html)

Mit Panzern gegen Proteste in Syrien

Den zweiten Tage in Folge haben syrische Regierungstruppen die Protesthochburg Hama mit Panzergranaten beschossen. Auch aus der östlichen Stadt Deir az-Zor wurden wieder heftige Schiessereien gemeldet. ... (http://www.nzz.ch/nachrichten/politik/international/granaten_hama_syrien_1.11728453.html)


http://images.zeit.de/politik/ausland/2011-08/assad-galgen/assad-galgen-148x84.jpg (http://www.zeit.de/politik/ausland/2011-08/aufstand-syrien-gewalt) Aufstand in Syrien
Assads Schergen kennen nur noch Gewalt

Syriens Machthaber wissen es genau: 30 Tage Ramadan können zu 30 Tagen Massenprotest werden. Dass sich das Regime reformieren kann, glaubt niemand, kommentiert M. Gehlen. [weiter…] (http://www.zeit.de/politik/ausland/2011-08/aufstand-syrien-gewalt)


01.08.2011, 12:31

Feinde im System (http://www.spiegel.de/politik/ausland/0,1518,777201,00.html)

Sie verachten Kompromisse, politisches Miteinander interessiert sie nicht: Die radikale Tea-Party-Bewegung hat im US-Schuldenstreit gezeigt, wie Demokratie in ihrer aggressivsten Form ein ganzes Land blockieren kann. Doch am Ende werden die Erzkonservativen scheitern - am Wähler. Eine Analyse von Gregor Peter Schmitz, Washington mehr... (http://www.spiegel.de/politik/ausland/0,1518,777201,00.html) [ Video (http://www.spiegel.de/video/video-1141121.html) | Forum (http://forum.spiegel.de/showthread.php?t=40950) ]

:gruebel da kann man nur hoffen :rolleyes:schwitz bei diesen :schaf:schaf:schaf

01.08.2011, 17:21
Rebellen nehmen 63 Ghadhafi-Anhänger fest (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Rebellen-nehmen-63-GhadhafiAnhaenger-fest/story/31384132)

http://files.newsnetz.ch/story/3/1/3/31384132/6/teasersmall16x9.jpg?1312211707 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Rebellen-nehmen-63-GhadhafiAnhaenger-fest/story/31384132) Die libysche Opposition hat in Benghazi über 60 mutmassliche Anhänger von Ghadhafi gefangen genommen. Die Festnahmen erfolgten bei einer grossangelegten Razzia der Aufständischen in einem Fabrikgebäude....

....Die Rebellen hatten in einer grossangelegten Razzia ein Fabrikgebäude gestürmt, in dem sich den Angaben zufolge eine Gruppe Bewaffneter versteckt hielt. Die Männer sollen Befehle von Ghadhafi erhalten haben und für zwei Gefängnisausbrüche in der vergangenen Woche verantwortlich sein. Dabei waren nach Angaben eines Vertreters der Rebellenarmee auch einige «hochrangige Kriegsgefangene» entkommen.

Einige konnten zuerst entkommen

Die Gruppe wird den Angaben zufolge auch verdächtigt, hinter der Ermordung des Rebellen-Militärchefs Abdel Fatah Junes zu stecken......Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Rebellen-nehmen-63-GhadhafiAnhaenger-fest/story/31384132)

Aktualisiert um 14:12 Uhr 1 Kommentar (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Rebellen-nehmen-63-GhadhafiAnhaenger-fest/story/31384132#kommentar)

01.08.2011, 17:26
Die enttäuschten Hardliner (http://www.tagesanzeiger.ch/ausland/amerika/Die-enttaeuschten-Hardliner/story/21316829)

http://files.newsnetz.ch/story/2/1/3/21316829/13/teaserbreit.jpg?1312211706 (http://www.tagesanzeiger.ch/ausland/amerika/Die-enttaeuschten-Hardliner/story/21316829) :rolleyes Ultrakonservative Republikaner und liberale Demokraten kritisieren die Einigung im US-Schuldenstreit. Sie drohen damit, im Senat gegen den Kompromiss zu stimmen. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Die-enttaeuschten-Hardliner/story/21316829)

Aktualisiert um 15:45 Uhr 4 Kommentare (http://www.tagesanzeiger.ch/ausland/amerika/Die-enttaeuschten-Hardliner/story/21316829#kommentar)
hans scholl - 16:47 Uhr
Ich bin kein Freund der Tea Party, aber das Problem sind grunds. nur deren extreme Exponenten. Wie bspw. bei der schw. SVP (bin kein SVP-Wähler) sind die Grundanliegen/-bedürfnisse/-ängste der entspr. Wählerschaft durchaus ernst zu nehmen. Das Problem liegt in der Radikalisierung und dem Einnehmen nicht-kompromissbereiter Positionen. Politische (und intelektuelle) Blockade ist verhängnisvoll.

01.08.2011, 18:03
...wie gewonnen - so zerronnen :rolleyes:oo

01.08.2011, 18:31
WATCH: CNN Host's Very Heated Clash With Tea Party Senator (http://www.huffingtonpost.com/2011/07/31/don-lemon-rand-paul-cnn-debt-ceiling_n_914246.html)

http://i.huffpost.com/gen/318888/thumbs/s-DON-LEMON-RAND-PAUL-large300.jpg (http://www.huffingtonpost.com/2011/07/31/don-lemon-rand-paul-cnn-debt-ceiling_n_914246.html)


01.08.2011, 18:47
European Pressphoto Agency

Egyptian Forces Roust Tahrir Square Sit-In (http://www.nytimes.com/2011/08/02/world/middleeast/02egypt.html?ref=global-home)

By HEBA AFIFY and RICK GLADSTONE 34 minutes ago

CAIRO — Authorities forcibly cleared central Tahrir Square of the remnants of a three-week-old sit-in on Monday, tearing down tents and sending about 200 protesters running into nearby streets.....

.....The eviction came less than two days before Mr. Mubarak, 83, is to go on trial on charges of corruption and ordering the killing of protesters before he was ousted. The judge who will oversee the trial said Sunday that the proceeding would be held in a large Cairo hall and broadcast on Egyptian television. However, it remained unclear whether Mr. Mubarak would be present. The former president, a cancer survivor, has been held in custody in a hospital in Sharm el Sheik, the Sinai resort where he has a summer home. He has complained of numerous maladies, and doctors reported last week that he had refused to eat solid food.

Officials have said he his too weak to be jailed, but many Egyptians see his illnesses as ploys to avoid prosecution. On Sunday, state radio, quoting hospital officials, said Mr. Mubarak’s health was “satisfactory.”

....mit sich selber scheint er viel sensibler umzugehen als mit seinen Bürgern :rolleyes:mad

01.08.2011, 19:11
THE REAL CRISIS (http://www.huffingtonpost.com/2011/08/01/unemployed-debt-ceiling-deal_n_914801.html)
Nation's Unemployed Hung Out To Dry In Debt Ceiling Deal (http://www.huffingtonpost.com/2011/08/01/unemployed-debt-ceiling-deal_n_914801.html)

WASHINGTON -- The long-term unemployed have been left out of a deal between congressional negotiators and the White House to enact massive spending cuts and raise the nation's debt ceiling before its borrowing limit is reached on Tuesday.

Under the so-called grand bargain President Obama tried to strike with House Speaker John Boehner (R-Ohio), federal unemployment benefits would have been extended (http://www.huffingtonpost.com/2011/07/12/extended-unemployment-on-_n_896252.html) beyond January 2012, when they are set to expire.

But those negotiations collapsed in July. On Sunday, congressional leaders and the administration crafted a not-so-grand bargain that will cut spending without raising taxes or preserving stimulus programs like federal unemployment insurance.

Asked Sunday night why spending to help the unemployed had been left out of the deal, a White House official said, "because it had to be part of a bigger deal to be part of this."......

Pelosi Undecided On Debt Bill.. Deal Would Reduce Deficit By $2.1 Trillion.. Romney And Pawlenty Oppose Bill.. (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal-reached_n_905841.html) LIVE UPDATES (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal-reached_n_905841.html)

Comments (509) (http://www.huffingtonpost.com/2011/08/01/unemployed-debt-ceiling-deal_n_914801.html#comments)
| Unemployment Extension (http://www.huffingtonpost.com/news/unemployment-extension)
kenhamlett (http://www.huffingtonpost.com/social/kenhamlett?action=comments)
942 Fans (http://www.huffingtonpost.com/social/kenhamlett)
2 minutes ago (1:00 PM)
Our two parties and their leaders have made a deal that benefits business, the rich, and, of course, their own self-inter*ests. As a lifelong Democrat, I am not surprised that the Republican*s stood firmly in favor of such a deal, but I sure anticipate*d more fight and a different result from my own party. Then again, all the signals were there. Both parties have been largely ignoring our employment crisis since it began, so how can we be really surprised that it has happened again? This crisis needs courageous and selfless leadership*, but our political system seems to have lost its ability to produce someone with the ability to offer it.

01.08.2011, 19:21
1. August 2011, 17:29 Uhr

Blagoweschtschensk: Tornado verwüstet russische Stadt

Es sind Aufnahmen, die selbst beim Zuschauen noch Angst machen: Ein Tornado hat am Sonntag in der russischen Stadt Blagoweschtschensk gewütet. Innerhalb von rund 13 Minuten wurden über 150 Bäume entwurzelt, Häuser abgedeckt und Autos umgedreht. Welche Kraft der Wirbelsturm dabei entwickelte, zeigt ein nun veröffentlichtes Video....



01.08.2011, 19:23
Warten auf die Tea Party (http://www.tagesanzeiger.ch/ausland/amerika/Warten-auf-die-Tea-Party/story/26776019)

http://files.newsnetz.ch/story/2/6/7/26776019/13/teaserbreit.jpg?1312219102 (http://www.tagesanzeiger.ch/ausland/amerika/Warten-auf-die-Tea-Party/story/26776019) Das Weisse Haus kann noch nicht aufatmen: Die Abgeordneten müssen den Kompromiss im US-Schuldenstreit zuerst absegnen. Nun herrscht Unsicherheit darüber, wie die Ultrakonservativen abstimmen werden. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Warten-auf-die-Tea-Party/story/26776019)

Aktualisiert vor 47 Minuten

01.08.2011, 19:23
....er hat's gut :cool


01.08.2011, 19:33
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Goldman On The Dax Flash Crash (http://www.zerohedge.com/news/goldman-dax-flash-crash)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/01/2011 - 12:57 Everyone appears to be confounded by the Dax futures flash crash as noted previously. Here is Goldman's Mark Bellak responding to client inquiries, confirming that even GS has no clue what just happened.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/435996+--+From+ZeroHedge:+Goldman%20On%20The%20Dax%20Flash%20Crash)
Comments: 21 (http://www.zerohedge.com/news/goldman-dax-flash-crash#comments)
New Comments:
Reads: 3,004
:gruebel :confused :rolleyes

01.08.2011, 21:05
01 August 2011

This Week's US Economic Calendar - July NonFarm Payrolls on Friday (http://jessescrossroadscafe.blogspot.com/2011/08/this-weeks-us-economic-calendar.html)

As a reminder, in addition to the Debt Ceiling Fandango, the real economy continues to chug along.

The market was shocked a bit by the miss in the ISM number this morning.

There are a few more important numbers being reported this week that have the potential to influence the markets, especially the Non-Farm Payrolls.

The July Non-Farm Payrolls report is interesting because like January it is one of the few monthly reports in which the raw actual number is revised significantly higher using a seasonality factor. This provides a fair amount of leeway in reporting the headline number, which itself is likely to be revised a month or two later.

As a reminder, isolated numbers, rather than the running trend, tend to be an integral part of the Wall Street/Washington magic lantern of perception modification.

I always like to look at the forecast from Briefing.com in addition to the consensus of economist forecasts. They run hot and cold like all individuals including myself, but it is good input nonetheless.

http://3.bp.blogspot.com/-9mlOPQm3vRc/Tjbhxf5dCbI/AAAAAAAARak/-j7-HP2C8dk/s640/economiccalendar.PNG (http://3.bp.blogspot.com/-9mlOPQm3vRc/Tjbhxf5dCbI/AAAAAAAARak/-j7-HP2C8dk/s1600/economiccalendar.PNG)

http://3.bp.blogspot.com/-dxJ2_McijNE/Tjbj06_xRvI/AAAAAAAARao/_7shYX1lXd8/s640/nfp.PNG (http://3.bp.blogspot.com/-dxJ2_McijNE/Tjbj06_xRvI/AAAAAAAARao/_7shYX1lXd8/s1600/nfp.PNG)

http://2.bp.blogspot.com/-0hyZaBB2r-I/TjblYo8CT3I/AAAAAAAARas/yJwbYR1fqR8/s640/nfptrend.PNG (http://2.bp.blogspot.com/-0hyZaBB2r-I/TjblYo8CT3I/AAAAAAAARas/yJwbYR1fqR8/s1600/nfptrend.PNG)

Posted by Jesse at 1:29 PM (http://jessescrossroadscafe.blogspot.com/2011/08/this-weeks-us-economic-calendar.html) :verbeug

02.08.2011, 03:13
The absurd debt ceiling deal: Catering to Wall Street (again), ignoring the jobs crisis

Read more: http://www.nydailynews.com/opinions/2011/08/01/2011-08-01_the_absurd_debt_ceiling_deal_catering_to_wall_street_again_ignoring_the_jobs_cri.html#ixzz1TpUoYmtC


Yet consider this: Last year's Social Security (http://www.nydailynews.com/topics/Social+Security) shortfall was $29 billion (that kind of thing will happen when a fund has been raided repeatedly under both parties and there are fewer employed to pay into it). To put that into perspective, annual interest payments on the debt since the financial crisis equal about half the annual budget of the Social Security program. As part of that, $36 billion of interest goes to the banks for the extra $1.6 trillion in Treasuries they have parked at the Fed (http://www.nydailynews.com/topics/U.S.+Federal+Reserve), rather than use to lend to small businesses or help people renegotiate their mortgages.

That's not fair or smart.


02.08.2011, 09:25
".....That's not fair or smart....."

....leider nicht vorhanden im Vokabular der Politiker :rolleyes:mad

02.08.2011, 09:42
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
A Modest Proposal: Cut 15% Of The Federal Government Workforce, Save $1.4 Trillion In Ten Years (http://www.zerohedge.com/news/modest-proposal-cut-15-federal-government-workforce-save-14-trillion-ten-years)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/01/2011 - 23:31 While Washington is baffling everyone with male cow manure, presenting 7-slide powerpoints full of talking points and empty of actual actionable cost-cutting proposals, while draping the melodrama in ever more evanescent haute couture of "emperor's clothing" du jour, the one true solution to all our problems is so simple that it is perfectly logical that it would have been avoided like the plague by D.C. In a nutshell: do to the government, what the privates sector has done to itself in the past 3 years, and fire 15% of the federal government workforce. After all everyone, even the government, complains about the bloat in the system. Here is the chance to fix it. And the benefits, unlike the back-end loaded and extremely loose "bipartisan plan", which happens to invoke such pseudo-totalitarian constructs as the "Super Congress", can be quantified immediately, with the applicable savings made abundantly clear to all from day one. In this case - slimming the US government ever so modestly, by just 15%, would generate savings of $117.4 billion a year, of $1.4 trillion over the next 10 years. And no, these are not reductions in future spendings: these are real actionable cuts from the day they are enacted, with fungible cash able to be used for any other, much more needed purposes, up to and including economically stimulative projects, which actually generate jobs for the private sector.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436023+--+From+ZeroHedge:+A%20Modest%20Proposal:%20Cut%2015%%20Of%20The%20Federal%20Government%20Workforce,%20Save%20$1.4%20Trillion%20In%20Ten%20Years)
Comments: 130 (http://www.zerohedge.com/news/modest-proposal-cut-15-federal-government-workforce-save-14-trillion-ten-years#comments)
New Comments:
Reads: 2,184
Pay Day Today (http://www.zerohedge.com/users/pay-day-today) http://www.zerohedge.com/sites/default/files/pictures/picture-63459.png (http://www.zerohedge.com/users/pay-day-today)
Doesn't anyone around here see roads and bridges falling apart? Doesn't anyone care that airtraffic control systems, powergrids and subways are all running on their last legs?
Work needs to be done, there is plenty of excess labour around to do it, sort it out and make some jobs, WPA style! .....http://en.wikipedia.org/wiki/Works_Progress_Administration - dann müssten ja die Beamten arbeiten :rolleyes:oo

02.08.2011, 09:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
House Passes Debt Ceiling Vote (http://www.zerohedge.com/news/house-passes-debt-ceiling-vote)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/01/2011 - 19:09 Debt Ceiling (http://www.zerohedge.com/category/tags/debt-ceiling) default (http://www.zerohedge.com/taxonomy/term/7) Reuters (http://www.zerohedge.com/category/tags/reuters) http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/ES%208.1.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/ES%208.1.jpg)

And like that the Congressional circus is over 269 to 161. Market reaction? ES sells off 5, then rallies 3, and now is selling off again. Next up - the Senate but that is a given. So now that we know that America is not going to file for bankruptcy tomorrow on we go to the economic collapse.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436015+--+From+ZeroHedge:+House%20Passes%20Debt%20Ceiling%20Vote)
Comments: 238 (http://www.zerohedge.com/news/house-passes-debt-ceiling-vote#comments)
New Comments:
Reads: 7,403
.....einige ganz gruselige comments :bad

02.08.2011, 10:46
GETTING CHILLY (http://www.huffingtonpost.com/2011/08/01/debt-ceiling-obama-labor-unions_n_915454.html)
Labor's Discontent With Obama Surfaces Yet Again With Debt Deal (http://www.huffingtonpost.com/2011/08/01/debt-ceiling-obama-labor-unions_n_915454.html)

WASHINGTON -- The debt ceiling bill set to be voted upon Monday evening has left labor advocates in yet another precarious -- and deeply frustrated -- position. A president who began his term with the promise to not only stem the tide of job loss but also reconfigure the wealth disparity in the country has been bitten by the austerity bug. Moreover, there seem to be fewer and fewer legislative or political outlets for unions to explore......

MORE: Debt Ceiling Deal A Major Setback For American Labor Market (http://www.huffingtonpost.com/2011/08/01/debt-ceiling-deal-unemployment_n_915375.html)

Comments (2,447) (http://www.huffingtonpost.com/2011/08/01/debt-ceiling-obama-labor-unions_n_915454.html#comments)
| Debt Ceiling (http://www.huffingtonpost.com/news/debt-ceiling)

http://i.huffpost.com/profiles/1298395-2.png?20101209070907 (http://www.huffingtonpost.com/social/JacksonAndy78?action=comments) JacksonAndy78 (http://www.huffingtonpost.com/social/JacksonAndy78?action=comments) Usury Interest is Over
1438 Fans (http://www.huffingtonpost.com/social/JacksonAndy78)
4 minutes ago (4:32 AM)
The Democratic Platform - Ignored by the DEMOCRATS!

Progressives-Unite (http://www.huffingtonpost.com/social/Progressives-Unite?action=comments) Never vote against your interests.
145 Fans (http://www.huffingtonpost.com/social/Progressives-Unite)
7 minutes ago (4:29 AM)
The one thing I have observed with President Obama is that we keep hoping he will keep his campaign promises, but each time an issue of importance comes out to his base, he gives them a lick and a promise then sells them out. I can no longer support him financiall*y or with my vote. I made that decision when his justice department refused to prosecute Bush, Cheney & Rumsfield and then proceeded to ramp up the war in Afghanista*n and extended the Bush tax cuts to the wealthy. I would never vote Republican but I would welcome a primary challenge against President Obama. Plain and simple, President Obama does not represent my interests.

02.08.2011, 11:01
Euro sinkt vorübergehend unter 1.10 Franken

http://www.cash.ch/services/img/news/235/6729_Franken.jpg (http://www.cash.ch/news/topnews/euro_sinkt_voruebergehend_unter_110_franken-1062386-771)
02.08.11, 10:10
(http://www.cash.ch/news/topnews/euro_sinkt_voruebergehend_unter_110_franken-1062386-771)Der Kurs des Euro ist am Dienstag nach der Talfahrt vom Vortag weiter zurückgefallen. Dies machte den Franken noch härter. Zeitweise tauchte die Gemeinschaftswährung unter 1.10 Franken. (http://www.cash.ch/news/topnews/euro_sinkt_voruebergehend_unter_110_franken-1062386-771)mehr » (http://www.cash.ch/news/topnews/euro_sinkt_voruebergehend_unter_110_franken-1062386-771)


02.08.2011, 11:02
Politik: 2. August 2011

«Unsere Waffen sind zwei Wörter: Allahu akbar» (http://www.nzz.ch/nachrichten/politik/international/unsere_waffen_sind_zwei_woerter_allahu_akbar_1.11734480.html)

http://www.nzz.ch/images/syrien_pipeline_tell_kalakh_29072011_small_1.11736839.1312268285.jpg (http://www.nzz.ch/nachrichten/politik/international/unsere_waffen_sind_zwei_woerter_allahu_akbar_1.11734480.html) Syrische Flüchtlinge in Nordlibanon berichten über die Brutalität der Sicherheitsorgane des Asad-Regimes

Nach inoffiziellen Angaben haben sich im Nordosten Libanons in den letzten Wochen gegen 8000 syrische Flüchtlinge niedergelassen. Sie berichten über die Repression durch das Regime und die Methoden des Widerstands. ...


02.08.2011, 11:08
Anwalt: Breivik bittet um japanischen Psychiater (http://www.tagesanzeiger.ch/ausland/europa/Anwalt-Breivik-bittet-um-japanischen-Psychiater/story/20766366)

http://files.newsnetz.ch/story/2/0/7/20766366/15/teasersmall16x9.jpg?1312275772 (http://www.tagesanzeiger.ch/ausland/europa/Anwalt-Breivik-bittet-um-japanischen-Psychiater/story/20766366) Der norwegische Attentäter Anders Behrig Breivik möchte offenbar von einem japanischen Psychiater untersucht werden. Der Wunsch habe mit dem Ehrbegriff seines Mandanten zu tun, erklärte sein Anwalt. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Anwalt-Breivik-bittet-um-japanischen-Psychiater/story/20766366)

Aktualisiert vor 1 Minute 9 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Anwalt-Breivik-bittet-um-japanischen-Psychiater/story/20766366#kommentar)

...Ehrbegriff :dumm :bad

02.08.2011, 17:35
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Bill Gross' Latest: Here Is How The "Debt Man Walking", aka Uncle Sam, Plans To Steal From You (http://www.zerohedge.com/news/bill-gross-latest-here-how-debt-man-walking-aka-uncle-sam-plans-steal-you)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/02/2011 - 09:03 Bill Gross (http://www.zerohedge.com/taxonomy/term/194) Botox (http://www.zerohedge.com/category/tags/botox) Brazil (http://www.zerohedge.com/category/tags/brazil) Congressional Budget Office (http://www.zerohedge.com/category/tags/congressional-budget-office) CPI (http://www.zerohedge.com/category/tags/cpi) Creditors (http://www.zerohedge.com/category/tags/creditors) Debt Ceiling (http://www.zerohedge.com/category/tags/debt-ceiling) default (http://www.zerohedge.com/taxonomy/term/7) fixed (http://www.zerohedge.com/category/security-name/fixed) Ford (http://www.zerohedge.com/category/tags/ford) Germany (http://www.zerohedge.com/taxonomy/term/8300) Greece (http://www.zerohedge.com/category/tags/greece) Gross Domestic Product (http://www.zerohedge.com/category/tags/imf-strategists/imf/gse/gorelick/gm/ge/gdp/gbp/activist/gross-domestic-product) Medicare (http://www.zerohedge.com/category/tags/medicare) Mexico (http://www.zerohedge.com/category/tags/mexico) New Normal (http://www.zerohedge.com/category/tags/new-normal) PIMCO (http://www.zerohedge.com/taxonomy/term/195) Purchasing Power (http://www.zerohedge.com/taxonomy/term/8749) ratings (http://www.zerohedge.com/category/tags/ratings) Real Interest Rates (http://www.zerohedge.com/category/tags/real-interest-rates) Reality (http://www.zerohedge.com/category/tags/reality) Tim Geithner (http://www.zerohedge.com/taxonomy/term/299) In his latest letter, Kings of the Wild Frontier (http://www.pimco.com/EN/Insights/Pages/Kings-of-the-Wild-Frontier.aspx), crushes the optimism of all those, roughly 4 altogether in the entire world whose combined IQ barely breaks into triple digit territory, who believe that the debt ceiling "compromise" does anything at all for US spending patterns, weather it is for total marketable debt, or the $66 trillion in NPV of future liabilities. Gross, however, does show us the 5 ways (well, 4 plus default) that the "debt man walking", aka Uncle Sam and his tens of trillions of future liabilities, plans to rob from you: dear taxpayer, in order to minimize the present value of these unmanageable future liabilities. To wit:

Balance the budget and/or grow out of it
Unexpected inflation
Currency depreciation
Financial repression via low/negative real interest rates
All of these guarantee that investor pocketbooks will be dramatically affected... Adversely. Let's dig in...

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436036+--+From+ZeroHedge:+Bill%20Gross%27%20Latest:%20Here%20Is%20How%20The%20%22Debt%20Man%20Walking%22,%20aka%20Uncle%20Sam,%20Plans%20To%20Steal%20From%20You)
Comments: 68 (http://www.zerohedge.com/news/bill-gross-latest-here-how-debt-man-walking-aka-uncle-sam-plans-steal-you#comments)
New Comments:
Reads: 8,062
Tue, 08/02/2011 - 09:14 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/bill-gross-latest-here-how-debt-man-walking-aka-uncle-sam-plans-steal-you#comment-1516371) Dr. Gonzo (http://www.zerohedge.com/users/dr-gonzo)
http://www.zerohedge.com/sites/default/files/pictures/picture-25233.jpg (http://www.zerohedge.com/users/dr-gonzo)
Investing your money today is not about opportunity or growth anymore. It's about not losing it through inflation, taxes, confiscation or defaults. Everybody is focused on not being cheated, or not winding up the sucker in the room. Good luck with that everyone. This is the American financial system. One gigantic con game and fraud. Oh look Gold at $1640. Wonder why?

02.08.2011, 18:47

US-Senat winkt Schuldenkompromiss durch (http://www.spiegel.de/politik/ausland/0,1518,778030,00.html)

Aufatmen in Washington: Auch der US-Senat hat nun für das historische Sparpaket gestimmt, auf das sich Republikaner und Demokraten geeinigt hatten. Die Staatspleite ist damit abgewendet, die politische Auseinandersetzung geht weiter. mehr... (http://www.spiegel.de/politik/ausland/0,1518,778030,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41062) ]

:winke :rolleyes

02.08.2011, 18:55
WATCH: Jon Stewart Rips Obama's Debt Ceiling 'Dealageddon' (http://www.huffingtonpost.com/2011/08/02/jon-stewart-reacts-to-debt-ceiling-deal-video_n_915826.html)

http://i.huffpost.com/gen/319984/thumbs/s-JON-STEWART-DEBT-CEILING-large300.jpg (http://www.huffingtonpost.com/2011/08/02/jon-stewart-reacts-to-debt-ceiling-deal-video_n_915826.html) :cool


02.08.2011, 19:15
«Für mich waren 1.10 Franken immer das untere Ende» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Fuer-mich-waren-110-Franken-immer-das-untere-Ende/story/19434569)

http://files.newsnetz.ch/story/1/9/4/19434569/29/teaserbreit.jpg?1312304603 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Fuer-mich-waren-110-Franken-immer-das-untere-Ende/story/19434569) Schuldenkrisen beidseits des Atlantiks und die Angst vor einer weltweiten Rezession haben den Franken gegenüber Euro und Dollar weiter gestärkt. Schweizer Ökonomen halten dennoch an ihren guten Prognosen fest. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Fuer-mich-waren-110-Franken-immer-das-untere-Ende/story/19434569)

Aktualisiert vor 28 Minuten 128 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Fuer-mich-waren-110-Franken-immer-das-untere-Ende/story/19434569#kommentar) :eek da legen sich die Bürger ganz schön Zeug

02.08.2011, 19:21
Konjunkturangst lässt SMI einbrechen :(

http://www.cash.ch/services/img/news/235/4815_B%C3%B6rse%5FSIX%5FAmpel%5Frot.jpg (http://www.cash.ch/news/topnews/konjunkturangst_laesst_smi_einbrechen-1062574-771)
02.08.11, 17:30
(http://www.cash.ch/news/topnews/konjunkturangst_laesst_smi_einbrechen-1062574-771)Die Schweizer Börse ist am Dienstag über 4 Prozent abgesackt. Enttäuschende US-Konjunkturdaten versetzten der Marktstimmung erneut einen gehörigen Dämpfer. (http://www.cash.ch/news/topnews/konjunkturangst_laesst_smi_einbrechen-1062574-771)mehr » (http://www.cash.ch/news/topnews/konjunkturangst_laesst_smi_einbrechen-1062574-771)

02.08.2011, 19:58
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Market Reaction? 30 Year Just Hit 3.99% As Stock Selloff Accelerates, Gold At All Time Record, Swiss Franc Flash Smashes (http://www.zerohedge.com/news/market-reaction-30-year-just-hit-399-stock-selloff-accelerates)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/02/2011 - 12:44 Ben Bernanke (http://www.zerohedge.com/category/tags/ben-bernanke) NASDAQ (http://www.zerohedge.com/category/tags/nasdaq) Swiss Franc (http://www.zerohedge.com/category/tags/swiss-franc) To see what the market thinks of the economic prospects for the economy look no farther than the 30 Year which just dropped below 4.00% and is trading at 3.99% right now. The market is effectively pricing in a major economic contraction, with long-end deflation now expected. Which means that Bernanke just got yet another carte blanche to proceed with the only thing he know. And validating it is the equity market which at last check not only did not react favorably to the Senate vote, but has been fading all the news all day, and is now trading at the lows, with the S&P, Nasdaq and Dow all down more than 1% now and plunging. Next up, even as Obama prepares to talk, everyone is once again looking at an imploding Europe which will need its second bailout in a month (and third overall) shortly... or else.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436052+--+From+ZeroHedge:+Market%20Reaction?%2030%20Year%20Just%20Hit%203.99%%20As%20Stock%20Selloff%20Accelerates,%20Gold%20At%20All%20Time%20Record,%20Swiss%20Franc%20Flash%20Smashes)
Comments: 102 (http://www.zerohedge.com/news/market-reaction-30-year-just-hit-399-stock-selloff-accelerates#comments)
New Comments:
Reads: 6,160
Tue, 08/02/2011 - 13:51 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/market-reaction-30-year-just-hit-399-stock-selloff-accelerates#comment-1517467) MoneyWise (http://www.zerohedge.com/users/moneywise)
http://www.zerohedge.com/sites/default/files/pictures/picture-63159.jpg (http://www.zerohedge.com/users/moneywise)
I like that USDCHF chart, let those b..chez buy
another paper ( swissy ) like it's any better
than the rest of it? EURCHF at 1.08...
I think Market will rally soon, have little stretch
down to do 11750 on DJI My calculation..
Not scared at all.. If there is really "Recession"
Then Silver will drop below $20 like a rock.
There is enough liquidity in the Market..
Sell, sell ,sell :) Looking for greed to activate soon. :rolleyes

02.08.2011, 20:21
BEHIND CLOSED DOORS (http://www.huffingtonpost.com/2011/08/02/super-congress-debt-reduc_n_916151.html)
Super Congress Could Make Debt Reduction Calls Away From Public Eye (http://www.huffingtonpost.com/2011/08/02/super-congress-debt-reduc_n_916151.html)
(http://www.huffingtonpost.com/2011/08/02/super-congress-debt-reduc_n_916151.html)WASHINGTON -- The proposed so-called "super Congress (http://www.huffingtonpost.com/2011/07/31/debt-ceiling-deal_n_914538.html)," created by congressional leaders in the debt deal and required to find $1.5 trillion in debt reduction over the next ten years, could wind up making those decisions behind closed doors, away from the public eye.

The text of the budget deal reached by President Barack Obama and congressional leaders contains few specific public disclosure provisions for the committee. The standing committees of Congress are allowed to send suggestions for ways to reduce the debt to the super committee members, but there is, as yet, no provision for the disclosure of those reports. The final report is required to be publicly disclosed upon completion, however there is no requirement that the report be placed online. There are also no official requirements for web-casting of committee meetings.

"Anything that they are getting should be made public," Steve Ellis, vice president of Taxpayers for Common Sense (http://www.taxpayer.net/), said to HuffPost. "If someone is going to send something to the committee and say, 'this is what our opinions are,' the public has a right to know that.".......

Comments (http://www.huffingtonpost.com/2011/08/02/super-congress-debt-reduc_n_916151.html#comments)
| Claire McCaskill (http://www.huffingtonpost.com/news/claire-mccaskill)
marka (http://www.huffingtonpost.com/social/marka?action=comments)
220 Fans (http://www.huffingtonpost.com/social/marka)
0 minute ago (2:14 PM)
This is a championsh*ip bad idea. There is too much power in too few hands in the constructi*on of this so-called Super Congress.

02.08.2011, 21:07
DeBT CeiLiNG CiRCuS SiDe SHoW (http://www.zerohedge.com/contributed/debt-ceiling-circus-side-show)
Posted by : williambanzai7 (http://www.zerohedge.com/users/williambanzai7)
Post date: 08/02/2011 - 13:40
Ladies and Gentlemen, presenting the Greatest Farce on Earth...

"The government of my country snubs honest simplicity, but fondles artistic villainy, and I think I might have developed into a very capable pickpocket if I had remained in the public office a year or two."

Mark Twain

02.08.2011, 21:25
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Treasury Curve Pancaking As Stocks Approach 1252 Support (http://www.zerohedge.com/news/treasury-curve-pancaking-stocks-approach-1252-support)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/02/2011 - 14:13 [/url]

[url="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/UST%20Curve.jpg"]http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/UST%20Curve.jpg (http://www.zerohedge.com/taxonomy/term/166)

The worst possible news for financials, which basically never managed to tick higher in all of 2011, is now here as the entire Treasury curve has virtually pancaked today, making sure that the perfect storm for banks is here, with nobody trading (no sales revenue), prop trading dismantled (no trading revenue), and no lending revenue soon either (2s10s heading to 0%). The closed loop will send even more money into the 10 and 30 Year, causing even more pain for banks, and so on ad inf until Bernanke relents. And you can be certain that the CEOs of the TBTFs are on the phone with the New York Fed as we speak. Luckily, the next FOMC meeting is August 9 which means the market will only have to deal with this non QE3 uncertainty for a few days. Naturally when QE3 is announced, gold will promptly leave $2000 in the rearview mirror.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436056+--+From+ZeroHedge:+Treasury%20Curve%20Pancaking%20As%20Stocks%20Approach%201252%20Support)
Comments: 66 (http://www.zerohedge.com/news/treasury-curve-pancaking-stocks-approach-1252-support#comments)
New Comments:
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bigdumbnugly (http://www.zerohedge.com/users/bigdumbnugly) http://www.zerohedge.com/sites/default/files/pictures/picture-17328.jpg (http://www.zerohedge.com/users/bigdumbnugly)
then it comes to be that the soothing light at the end of your tunnel
was just a freight train coming your way.
(said best here by one of the best bands in the world).

Tue, 08/02/2011 - 14:21 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/treasury-curve-pancaking-stocks-approach-1252-support#comment-1517620) Mr Lennon Hendrix (http://www.zerohedge.com/users/mr-lennon-hendrix)
http://www.zerohedge.com/sites/default/files/pictures/picture-11319.jpg (http://www.zerohedge.com/users/mr-lennon-hendrix)
Major prop desks are shorting, and buying puts, now that they know they have a blank check to do what they want. They are doing this to make sure Bernanke issues QE 3, and because they will buy the very same trades on the low.

Tue, 08/02/2011 - 14:22 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/treasury-curve-pancaking-stocks-approach-1252-support#comment-1517627) The Limerick King (http://www.zerohedge.com/users/limerick-king)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/limerick-king)
The flattening yield curve is real
So how does that make the banks feel?
When asked for his view
Jamie shared what he knew:
"It makes it much harder to steal"

02.08.2011, 21:39
The Shi*show Globally Whacking Stocks (http://market-ticker.org/akcs-www?singlepost=2646881)
The Market Ticker ® - Commentary on The Capital Markets (http://market-ticker.org/akcs-www?blog=Market-Ticker)

Posted 2011-08-02 11:32
by Karl Denninger (http://market-ticker.org/akcs-www?email-send=genesis)

http://market-ticker.org/akcs-www?get_gallerynr=87 Anyone who thinks that "deficits don't matter" needs to look at the absolute slaughter going on in Europe.

It is often said that Europe "isn't like us" because they can't print money. Oh, but they can - they just need to do it in a coordinated fashion, just like our 50 states do (through the Federal Government.)

The problem is that printing doesn't work. It simply debases the currency. No nation has ever managed to print its way to prosperity - or even stabilization.

We tried it in 1933 and it didn't work. It was 1941 before we found "stability", and then only because we went to war and bombed to dust our global competitors' ability to produce.....

.....Just be aware of one thing: The next big collapse in the markets leaves The Fed and government with no ammunition to counteract it – rates are at zero and QE didn’t work except to crank up the price of food and energy. You think this won’t happen eh? Ok, go ahead and believe that. Go ahead and believe that “we’re special.” It worked out real well for you in 2008 and the value of your IRA or 401k, didn’t it?

Remember that in 2009 we were told by everyone that the recession “ended.” Well how come Feldstein is on CNBC right now saying that we’re still in a recession?

Oh really? Still in one eh? I thought we were all done with recession in 2009? Paul Krugman where are you? Oh yeah, speaking of him, his solution is to print up yet more money and drive energy and food prices even higher, so we can be like the Chinese and starve 1/4 of the population, then try to figure out how to keep them from rioting! You want to know how it’s stopped? You stop the debasement – by force if necessary by Congress removing Bernanke via emergency legislation – and perhaps by removing The Fed itself. We will no more allow the dollar to be destroyed in that fashion than the Chinese will allow their people to starve as a result of our policies.

Four years ago this was solvable with a lot of pain but it would have been bearable and resolvable. Today it’s worse. If we don’t cut this crap out there will be no resolution at all and the ultimate result will be severe, widespread and potentially revolutionary civil unrest.....

02.08.2011, 23:05
Credit Suisse sieht Ende der Frankenstärke nahen

Dienstag, 2. August 2011, 17:11 Uhr
Der Euro hat gegenüber dem Franken ein neues Rekordtief erreicht. Er sackte am Morgen vorübergehend unter die Marke von 1.10 Franken. Credit Suisse-Chefökonom Martin Neff hält ein vorübergehendes, weiteres Erstarken des Frankens zwar für möglich. Er geht aber auch davon aus, dass die «massive Überbewertung» des Frankens in absehbarer Zeit korrigiert wird....

Videoplayer CS-Chefökonom Martin Neff zur Frankenstärke (sf)


03.08.2011, 09:05
Unter 1,08 Franken - der Euro fällt ohne Ende

03.08.11, 07:05
Am frühen Mittwochmorgen wurde der Euro zu einem neuen Allzeittief gehandelt. Eine Einheit der Gemeinschaftswährung war für 1,0799 Franken zu haben. mehr » (http://www.cash.ch/news/topnews/unter_108_franken_der_euro_faellt_ohne_ende-1062715-771)

...wenn ich an meine € und $ Anlagen denke - wird mir :bad na ja, vielleicht kommt's mal upside down :oo;)

03.08.2011, 09:07
SP 500 and NDX Futures Daily Charts (http://jessescrossroadscafe.blogspot.com/2011/08/sp-500-and-ndx-futures-daily-charts.html)

As much as one can be, I was a little impressed that the NDX reached down to hit the support level I had drawn last Friday, some distance from where it had been. And the SP has also fallen to clear support.

These short term trends are now a bit extended, but the eyes will be on the economic data, especially the NonFarm Payrolls on Friday, and not the buffoonery in Washington with the Tea Party and the bought and paid for politicians.

There really is only one solution, and the prerequisite is political campaign reform. Partisanship is poison. But change cannot occur in times of influence peddling, bribery and corruption. So things must get worse before they get better.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained recovery.

http://4.bp.blogspot.com/-6wRYZxQNB_M/TjhmzdKOVqI/AAAAAAAARbw/oc8NxdCOgIw/s640/spfutuesdaily6.PNG (http://4.bp.blogspot.com/-6wRYZxQNB_M/TjhmzdKOVqI/AAAAAAAARbw/oc8NxdCOgIw/s1600/spfutuesdaily6.PNG)

http://4.bp.blogspot.com/-vWCn_4EOJKY/Tjhm0PRIxiI/AAAAAAAARb0/aoDqcfv6NXg/s640/ndxdaily6.PNG (http://4.bp.blogspot.com/-vWCn_4EOJKY/Tjhm0PRIxiI/AAAAAAAARb0/aoDqcfv6NXg/s1600/ndxdaily6.PNG)

http://1.bp.blogspot.com/-bA3uYC0a_3A/TjhnO0A8BBI/AAAAAAAARb4/g2ypPxygncg/s640/vix.png (http://1.bp.blogspot.com/-bA3uYC0a_3A/TjhnO0A8BBI/AAAAAAAARb4/g2ypPxygncg/s1600/vix.png)

Posted by Jesse at 5:08 PM (http://jessescrossroadscafe.blogspot.com/2011/08/sp-500-and-ndx-futures-daily-charts.html) :verbeug

03.08.2011, 10:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Food Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In May (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/02/2011 - 18:52 BLS (http://www.zerohedge.com/category/tags/bls) Bureau of Labor Statistics (http://www.zerohedge.com/category/tags/bureau-labor-statistics) Gross Domestic Product (http://www.zerohedge.com/category/tags/gross-domestic-product) http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/may_foodstamps.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/may_foodstamps.jpg)It appears that GDP data revisions are not the only thing that the administration enjoys fudging with in order to make the Chinese ministry of Truth seem like a real ministry of truth. After last month the data for April food stamp recipients (http://www.zerohedge.com/article/record-447-million-people-celebrate-geithners-departure-and-end-qe2-through-foodstamps)indicated the we may, just may, be reaching an inflection point in the foodstamp participation following a mere 60 thousand jump in those receiving Supplemental Nutrition Assistance Program (SNAP), today's just released data (http://www.fns.usda.gov/pd/29SNAPcurrPP.htm)confirmed that the BLS and BEA may have had a hand or two when determining this latest data series. Because the just announced jump in foodstamp usage of over 1.1 million is entirely out of the blue, and as the chart below shows, is the highest single monthly jump in Foodstamp participation since mid 2009, when eligibility requirements were adjusted. Yes, that's 45.8 million people (obviously an all time record) living on foodstamps which amount to the whopping $133.80 per person (an increase of $0.54 M/M) and $283.65 (an increase of $1.29) per household. Obviously, annualizing the latest monthly rate of 1.1 million people, it means that over 13 million Americans will live on about one third what the cheapest iPad costs in about a year. But wait, there's more. Digging into the numbers reveals something pecuiliar: virtually the entire surge in monthly SNAP participation is due to one state alone: Alabama, which saw those living on foodstamps jump from 868K to 1.762MM. That's 36% of Alabama's population.

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Comments: 287 (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may#comments)
New Comments:
Reads: 7,087

Tue, 08/02/2011 - 19:01 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may#comment-1518810) Cheesy Bastard (http://www.zerohedge.com/users/cheesy-bastard)
http://www.zerohedge.com/sites/default/files/pictures/picture-31966.jpg (http://www.zerohedge.com/users/cheesy-bastard)

Tue, 08/02/2011 - 19:10 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may#comment-1518840) CompassionateFascist (http://www.zerohedge.com/users/compassionatefascist)
http://www.zerohedge.com/sites/default/files/pictures/picture-57205.jpg (http://www.zerohedge.com/users/compassionatefascist)
No, black-ish. In Alabama just about 100%.

Tue, 08/02/2011 - 23:27 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may#comment-1519458) Die Weiße Rose (http://www.zerohedge.com/users/die-wei%C3%9Fe-rose)
http://www.zerohedge.com/sites/default/files/pictures/picture-34104.jpg (http://www.zerohedge.com/users/die-wei%C3%9Fe-rose)
Like I said, most of the wealth of the once so proud British Empire and iit's various pirated colonies including the USA

was achieved on the back of slave trading and human trafficking including child-labour and slave labour. To add insult to injury you then have some white trash thugs posting their small-dick racsist shit on here like that Idiot "compassionate Fascist".

No fucking Idea of culture and no fucking Idea of where he came from. The US is truly fucked not because of African Americans on food-stamps, but because they are white trash Europeans that invaded America 200 years ago, plundered murdered and robbed their way through the Land by slave-trading and stealing the Land of the Indigenous People, and now 200 years later they have blown it, they are fucked and their fanatical american dream is slowly turning into a fascist nightmare caused by their total moral and financial bankruptsy.

So you blame "black People" living in Poverty and Foodstamps for your own stupidity and incompetence ?

With dickless cretins like you, it comes to no surprise to anyone in the world that the USA is fucked.

Tue, 08/02/2011 - 19:02 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/food-stamp-use-surges-most-years-alabama-foodstamp-recipients-double-may#comment-1518811) Mr. Mandelbrot (http://www.zerohedge.com/users/mr-mandelbrot)
http://www.zerohedge.com/sites/default/files/pictures/picture-4679.jpg (http://www.zerohedge.com/users/mr-mandelbrot)
As an Alabamian, it's disturbing we have as many food stamp recipients when we're one of a few states with the topography and climate to not only produce enough food to feed ourselves but to have the ability to produce enough to export.

03.08.2011, 10:12
Politik: 3. August 2011, 09:47

Mubarak zu seinem Prozess in Kairo eingetroffen (http://www.nzz.ch/nachrichten/politik/international/mubarak_auf_dem_weg_zum_prozess_1.11753320.html)

Anklage wegen Amtsmissbrauch und tödlicher Gewalt gegen Demonstranten

.....was da wohl rauskommt :rolleyes :confused :schwitz

03.08.2011, 10:43

03.08.2011, 11:09
Nationalbank will den starken Franken bändigen (http://www.tagesanzeiger.ch/wirtschaft/geld/Nationalbank-will-den-starken-Franken-baendigen/story/12051613)

http://files.newsnetz.ch/story/1/2/0/12051613/37/teaserbreit.jpg?1312361473 (http://www.tagesanzeiger.ch/wirtschaft/geld/Nationalbank-will-den-starken-Franken-baendigen/story/12051613) Die Nationalbank will den starken Franken nicht mehr tatenlos hinnehmen: Die Liquidität am Geldmarkt wird massiv erhöht. Der Franken schwächte sich sogleich etwas ab. Experten bleiben skeptisch.....
Die Schweizerische Nationalbank (SNB) ergreift Massnahmen gegen den starken Franken: Sie strebt ab sofort einen Dreimonats-Libor so nahe bei Null wie möglich an und verengt das Zielband entsprechend. Zudem wird sie die Liquidität am Franken- Geldmarkt massiv erhöhen, wie sie mitteilt.

Sie beabsichtigt, die Giroguthaben der Banken bei der SNB (http://www.tagesanzeiger.ch/wirtschaft/geld/organisation/snb/s.html) (Mehr... ("]SNBN[/url] 1255 -1.57%) von derzeit rund 30 Milliarden Franken auf 80 Milliarden Franken auszudehnen. Mit sofortiger Wirkung wird die SNB darum auslaufende Repos und SNB Bills nicht mehr erneuern und ausstehende SNB Bills zurückkaufen, bis der angestrebte Girobestand erreicht ist.

Beim Dreimonats-Libor, über den die SNB den Zins steuert, strebt sie einen tieferen Satz an. Sie verengt das Zielband von 0–0,75 Prozent auf 0–0,25 Prozent........


Aktualisiert vor 13 Minuten 48 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/geld/Nationalbank-will-den-starken-Franken-baendigen/story/12051613#kommentar) Update folgt...

Kurt Gerber - 10:37 Uhr
Ich wünscht ich wär ne Bank. Bei der SNB Kredit zu 0,25% aufnehmen und zu 25% an Griechenland weiterverleihen. Und wenn's in die Hose geht, zahlt der Steuerzahler. Die freie Marktwirtschaft lebe hoch.

markus karrer - 09:58 Uhr
Schrott-EURO kaufen - innerer Wert des CHF verwässern - Abschreibungen auf den Anlagen der SNB buchen - Verlust des SNB-Eigenkapitals provozieren - EK SNB wieder erhöhen - höhere Steuern einkassieren. Alles zulasten von Sparern und Steuerzahlen. Danke SNB!
Wieso kauft ihr nicht Gold - aber das widerspricht wohl dem eingebauten UNI-Technokraten Denkchip.

Peter Wolf - 09:39 Uhr
Eigentlich eine positive Massnahme, wenn sie nicht von UBS, CS und Co. dazu genutzt wird, nun wieder in riskante Gambling-Geschäfte zu gehen.

Peter Hunziker - 10:07 Uhr
Welche Inflation? Momentan kriegt man in unseren Nachbarländern über 20% mehr Auto, mehr Lebensmittel, mehr Fernseher, mehr Computer, mehr Hotel etc. für den gleichen Franken wie vor einem Jahr...

George Freeman - 10:51 Uhr
@Hunziker: Warten wir ab und reden in 2-3 Jahren nochmals, vielleicht haben sie dann zwischenzeitlich ihre Meinung geändert. Wovon sie reden ist importierte Deflation, aber schauen sie im Inland: Krankenkassen, Mieten, Immobilienpreise, Nahrungsmittel etc. und dies wird nun noch zusätzlich angeheizt.Auf Fernseher, Computer, Hotel und Auto kann man in der Not verzichten, auf Miete und KK nicht

03.08.2011, 11:36
Ferret (http://goldtent.org/?p=80143)

-> Posted by goldielocks @ 1:38 am on August 3, 2011
Government and banksters. Not only that but JPM outsourced the call centers to India that Obama condoned while he’s out telling people he’s concerned about American jobs.
It turns out that JP Morgan also provides child support debit cards in 15 U.S. states and they also provide unemployment insurance benefit debit cards in seven states.

Apparently states have found that they can save millions of dollars by “outsourcing” the provision of these benefits to big financial firms like JP Morgan.

So what happens if you have a problem with your food stamp debit card?

Well, you call up a JP Morgan service center. When you do this, there is a very good chance that you are going to be helped by a JP Morgan call center employee in India.

That’s right – it turns out that JP Morgan is saving money by “outsourcing” food stamp customer service calls to India.

When ABC News asked JP Morgan about this, the company would not tell ABC News which states have customer service calls sent to India and which states have them handled inside the United States….

JP Morgan is the only one today still operating public-assistance call centers overseas. The company refused to say which states had calls routed to India and which ones had calls stay domestically. That decision, the company said, was often left up to the individual states.

JP Morgan has been moving some of these call center jobs back inside the United States due to political pressure, but this whole situation is a really good example of what the “global economy” is doing to middle class Americans.

Just try to imagine the irony – a formerly middle class American that has lost a job to outsourcing calls up to get help with food stamp benefits only to be answered by a call center employee in India.

Welcome to the global economy, eh?

But wait, there is more.

It has just been announced that JP Morgan has admitted that they wrongly foreclosed on over a dozen military families and that they have been overcharging “thousands” of other military families on their mortgages.

...der smarte :kotzJamie

03.08.2011, 12:54
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Moody's Sells Out As Usual: Leaves US At AAA, Puts Outlook On Negative Not To Appear Overly Corrupt Or Incompetent (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/02/2011 - 18:00 Baseline Scenario (http://www.zerohedge.com/taxonomy/term/7855) Bond (http://www.zerohedge.com/category/security-name/bond) Borrowing Costs (http://www.zerohedge.com/category/tags/borrowing-costs) default (http://www.zerohedge.com/taxonomy/term/7) Gross Domestic Product (http://www.zerohedge.com/category/tags/gross-domestic-product) Israel (http://www.zerohedge.com/category/tags/israel) Rating Agency (http://www.zerohedge.com/category/tags/rating-agency) ratings (http://www.zerohedge.com/category/tags/ratings) As that uber-sycophant, Mark Zandi (who has yet to be right about one thing in his entire career), put it so well a few days ago (http://www.zerohedge.com/news/moodys-chief-economist-says-proposed-deal-will-avoid-us-downgrade), when discussing the deal that will bring the US to 110% debt/GDP within a year "I'm not in the rating agency... but listening to what they have to say, I think this would be sufficient... but this is substantive and should avoid a big downgrade." Sure enough, the former Moody's top "economist" certainly knows his own, and as of several minutes ago Moody's has confirmed it will not touch America's AAA rating. However, it will put the rating outlook on negative. That should shut them up. Full report of how to sell out like the best of them is attached. And the kicker: "Moody's has also confirmed the Aaa ratings of certain US government-guaranteed bonds issued by the governments of Israel and Egypt, which had been on review for possible downgrade as a result of the review of the US government's bond rating." Well at least America's direct protectorate states (as opposed to its indirect ones) can sleep well.

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Comments: 117 (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt#comments)
New Comments:
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Tue, 08/02/2011 - 23:44 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt#comment-1519486) trav7777 (http://www.zerohedge.com/users/trav7777)
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are you tards paying attention to the TLT? I mean, shit bonds been goin up up up...how you can call these types of yields OTHER than AAA is beyond me.
The ridiculous yields of USTs warrant a AAAA rating, IMO. And, yes, I am fully aware that we are fuckin bankrupt. The market will set the paper price, fuck the raters.

Tue, 08/02/2011 - 19:16 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt#comment-1518861) dwdollar (http://www.zerohedge.com/users/dwdollar)
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Come on now. America won't be AAA forever. The rating agencies will give you fair warning of AA status a full 2-4 hours before financial armageddon and complete collapse into a Mad Max scenario. Just don't make the mistake of being asleep more than 4 hours at a time.

Tue, 08/02/2011 - 19:51 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt#comment-1518988) Raymond Reason (http://www.zerohedge.com/users/raymond-reason)
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Just don't make the mistake of being asleep more than 4 hours at a time. Good strategy. I think i'll see if i can get on Moody's email notification list.

Tue, 08/02/2011 - 18:21 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/moodys-sells-out-usual-leaves-us-aaa-puts-outlook-negative-not-appear-overly-corrupt#comment-1518672) bigdad06 (http://www.zerohedge.com/users/bigdad06)
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Moody's is not going to downgrade the debt rating unless they get the go ahead from JP Morgan and GS, who will be short treasuries of course. Check out the new video here


03.08.2011, 13:14
«Ich habe diese Verbrechen nicht begangen» (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Ich-habe-diese-Verbrechen-nicht-begangen/story/19384478)

http://files.newsnetz.ch/story/1/9/3/19384478/75/teasersmall16x9.jpg?1312369366 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Ich-habe-diese-Verbrechen-nicht-begangen/story/19384478) Mubarak wird der Prozess gemacht: Der Ex-Staatschef muss sich für den Tod von Hunderten Demonstranten während der Revolution verantworten. Nun ist er tatsächlich vor Gericht erschienen – ein historischer Moment. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Ich-habe-diese-Verbrechen-nicht-begangen/story/19384478)

Aktualisiert vor 1 Minute 7 Kommentare (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Ich-habe-diese-Verbrechen-nicht-begangen/story/19384478#kommentar) Update folgt...

.....ich weiss nicht so recht, ob dieses im Gitterkäfig zur Schau stellen nicht kontraproduktiv ist, hoffentlich bringt es nicht seine Anhänger wieder auf die Beine :gruebel :rolleyes natürlich soll er verurteilt werden - aber er wird wohl kaum davon rennen :oo

03.08.2011, 18:22
03 August 2011

The Longer End of the US Treasury Curve Looks Over Extended (http://jessescrossroadscafe.blogspot.com/2011/08/long-end-of-us-treasury-curve.html)

The longer end of the US Treasury curve (20+) looked quite overextended, at least in the short term, in the first hour's trade this morning. How could I resist for at least a day or so trade?

I still do not like the equity market yet, and would view this as a technical support area, until it proves itself otherwise. And that is probably going to have to wait for the US Non Farm Payrolls.

I am not saying Treasuries are a long term short just yet. I would have to see some real appearance of inflation and higher rates before that would be the case, and so far nothing. There is also sound economic theory that allows for lower interest rates here, and for what could be a protracted period of time.

I have reduced all my short term positions, but as always hold all the long term positions, because this is my 'vacation.' Scraping, cleaning, taping, painting, rewiring and installing new outlets and lights. I do not mind this, preferring to do it myself with help from the boy. It is good to teach him how to do these things. And the jalousie porch is not so naturally efficient as to take care of itself.

http://3.bp.blogspot.com/-9Ir873_ZuxU/Tjlm_X1Wx0I/AAAAAAAARcE/FLgEWJ_5Re4/s640/tlt.png (http://3.bp.blogspot.com/-9Ir873_ZuxU/Tjlm_X1Wx0I/AAAAAAAARcE/FLgEWJ_5Re4/s1600/tlt.png)

Posted by Jesse at 11:20 AM (http://jessescrossroadscafe.blogspot.com/2011/08/long-end-of-us-treasury-curve.html) :verbeug

03.08.2011, 18:49
....und noch ein Föteli...

Panorama: 3. August 2011, 18:01

Vor 200 Jahren die Unschuld verloren (http://www.nzz.ch/nachrichten/panorama/jungfrau_besteigung_200_jahre_1.11759160.html)

Industriellensöhne und Gemsjäger erklimmen die Jungfrau

Vor 200 Jahren haben zwei Aargauer Industriellensöhne und zwei Walliser Gemsjäger die Jungfrau im Berner Oberland erklommen. Damit haben sie die Geburtsstunde des Bergsteigens als eigenständige Tätigkeit eingeläutet. ...


03.08.2011, 18:53
....und wieder ein Trauerspiel :(:mad

Hunderte Panzer belagern Hama (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Hunderte-Panzer-belagern-Hama/story/14302620)

http://files.newsnetz.ch/story/1/4/3/14302620/35/teasersmall16x9.jpg?1312390146 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Hunderte-Panzer-belagern-Hama/story/14302620) In Syrien ist die Armee erneut gewaltsam gegen Regimegegner in der Stadt Hama vorgegangen. Der UN-Sicherheitsrat hat sich auf eine gemeinsame Haltung zu Syrien geeinigt......

.....Das Staatsfernsehen zeigte ein Amateurvideo, auf dem zu sehen ist, wie Leichen von einer Brücke in einen Fluss geworfen werden. Nach Angaben des Fernsehens handelt es sich bei den Leichen um von Regierungsgegnern getötete Sicherheitskräfte. Menschenrechtler sagten dagegen, die Opfer seien von der Armee getötete Demokratieaktivisten......

Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Hunderte-Panzer-belagern-Hama/story/14302620)

Aktualisiert vor 11 Minuten 12 Kommentare (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Hunderte-Panzer-belagern-Hama/story/14302620#kommentar)

03.08.2011, 19:00
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Watch Berlusconi Address Parliament Live (http://www.zerohedge.com/news/watch-berlusconi-address-parliament-live)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/03/2011 - 11:26

Those wishing to watch the guaranteed comedy that is Berlusconi address the lower house of Italy's parliament can do so here. As a reminder, the time of the original address was strategically rescheduled to after the Italian market close. Too bad the US market will be open for the duration of the entire address unless of course it is rescheduled to after 10 pm local time (oops, it may impact Asian trading then...)

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Comments: 28 (http://www.zerohedge.com/news/watch-berlusconi-address-parliament-live#comments)
«Alarm der Finanzmärkte ist unbegründet» (http://www.tagesanzeiger.ch/ausland/europa/Alarm-der-Finanzmaerkte-ist-unbegruendet/story/10011092) :rolleyes

http://files.newsnetz.ch/story/1/0/0/10011092/110/teasersmall16x9.jpg?1312390536 (http://www.tagesanzeiger.ch/ausland/europa/Alarm-der-Finanzmaerkte-ist-unbegruendet/story/10011092) Regierungschef Berlusconi hat in einer Rede vor dem Parlament die Schuldenprobleme Italiens relativiert. Und er kündigte ein Impulsprogramm für die Wirtschaft an. Tagesanzeiger.ch/Newsnetz berichtete live. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Alarm-der-Finanzmaerkte-ist-unbegruendet/story/10011092)

Aktualisiert vor 3 Minuten

03.08.2011, 19:07
BODY BLOW (http://www.huffingtonpost.com/2011/08/03/layoffs-us-firms-jobs-july_n_916934.html)
Planned Layoffs At U.S. Firms Surge To Sixteen-Month High (http://www.huffingtonpost.com/2011/08/03/layoffs-us-firms-jobs-july_n_916934.html)

The early days of the recession were characterized by massive layoffs across industries, and while economists caution that the labor market isn't there yet, a surge of private sector layoffs in July may indicate that the American recovery is stalling out.

This week has been a worrisome one for economists who monitor the health of the U.S. economy, with mounting signs all pointing in the same direction: For the average American worker, a rebound will not be soon forthcoming. In fact, things seem to be moving in the other direction.

GDP growth is weak; new hiring is not keeping pace with populations growth (http://www.huffingtonpost.com/2011/08/03/adp-jobs-report-only-1000_n_916924.html), according to fresh data; and growth in manufacturing -- which once lead the recovery -- has practically ground to a halt. But most worrisome of all the signs, perhaps, is the return of mass layoffs.

For the past three months, American companies have been cutting their workforce in increasing numbers, according to a new report from Challenger, Gray & Christmas, an outplacement consultancy group in Chicago. In July, the number of planned job cuts surged to a 16-month high of 66,414 -- a 60 percent increase from June......

Comments (4,073) (http://www.huffingtonpost.com/2011/08/03/layoffs-us-firms-jobs-july_n_916934.html#comments)
| Unemployment (http://www.huffingtonpost.com/news/unemployment)
.....und die Firmen horten die billige Kohle :gomad

03.08.2011, 19:10
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Volume Surges, 63% Above Average, On Way To Hit 1 Year High (http://www.zerohedge.com/news/volume-surges-63-above-average-way-hit-1-year-high)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/03/2011 - 13:06 goldman sachs (http://www.zerohedge.com/taxonomy/term/126) Goldman Sachs (http://www.zerohedge.com/taxonomy/term/197) For all those lamenting the disappearance of stock trading volume in 2011, that would be Goldman Sachs first and foremost, today you get a reprieve. In anticipation of a 9-th consecutive down day, which will be the longest losing streak since 1978, volume through 1:00 pm is about 63% above the 30 day moving average, and 30% higher through this time yesterday. Run-rating today's volume over the remaining three hours of trading would imply a whopping 12 billion shares, which would be the highest since June 25, 2010, when 13.9 billion shares traded (the catalyst being the Congressional watering down of the financial reform bill; this time the catalyst is the ending of the Ponzi). Incidentally, the longest losing streak in US markets history is 12 days, recorded in both 1941 and 1968. This means we are just three more days of Eurocontagion from making history.


03.08.2011, 19:16
Ab Berlin und zum Mieten: Fernbusse in Deutschland


ganzer Artikel: http://newsticker.sueddeutsche.de/list/id/1188244

...zwar geht es länger - dafür viel günstiger - Umwelt :rolleyes

03.08.2011, 19:29
03.08.2011 - 18:29 Uhr
Chinas aufmüpfige Blogger

Nach der Zugkollision mit 39 Toten und Vertuschungsversuchen der Behörden wächst die Kritik am Tempo des Wirtschaftswachstums.


ganzer Artikel: http://jetzt.sueddeutsche.de/texte/anzeigen/528705

...jetzt wurde eben im ZDF berichtet, dass der Staat die Blogger-Seiten löscht und versucht alle negativen Berichte zu unterbinden/verbieten :mad
ja - das nennt man Presse-Freiheit :gomad

03.08.2011, 19:38
SNB http://socaldem.smugmug.com/Other/GIFs/lighthouses/4009301_qAQNE-O-1.gif :confused :nw

03.08.2011, 21:58
Höchstes Gebäude der Welt :rolleyes

Saudis bauen Kilometer-Turm (http://www.spiegel.de/reise/aktuell/0,1518,778180,00.html)

Geht's noch höher? Mit dem Kingdom Tower in Saudi-Arabien will Prinz Walid Bin Talal die 1000-Meter-Grenze knacken - jetzt wurde der Bauvertrag für den Giganten unterschrieben. mehr... (http://www.spiegel.de/reise/aktuell/0,1518,778180,00.html)

Fotostrecke: So soll der höchste Turm der Welt aussehen (http://www.spiegel.de/fotostrecke/fotostrecke-71161.html)

03.08.2011, 22:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Wall Street Warns Tim Geithner That The Dollar Is Starting To Lose Its Reserve Status (http://www.zerohedge.com/news/wall-street-warns-tim-geithner-dollar-staring-lose-its-reserve-status)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/03/2011 - 14:50

The Treasury's Borrowing Advisory Committee, chaired (http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Pages/members-index.aspx)by such luminaries as JPMorgan and Goldman Sachs, which according to some (and by some we mean anyone who cares about such things) is the brains behind the decision-making process of US debt issuance has released its quarterly minutes (http://www.treasury.gov/press-center/press-releases/Pages/tg1265.aspx), in which it has issued one of the most stark warnings about the fate of the US Dollar to date. While it is now a daily occurrence for China and Russia to bash the dollar, for the most part still powerless to provide an alternative (but rapidly gaining), the same warning coming from Jamie and Lloyd has to be taken far, far more seriously. Which is precisely what happened today. As Bloomberg reports, "The Treasury Borrowing Advisory Committee... said the outperformance of haven currencies and those from emerging nations has aided in the debasement of the dollar’s reserve status, according to comments included in discussion charts presented ahead of the quarterly refunding. The Treasury published the documents today. “The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar (http://topics.bloomberg.com/u.s.-dollar/) is a hollow victory and perhaps portends a deteriorating fate.”"

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Comments: 88 (http://www.zerohedge.com/news/wall-street-warns-tim-geithner-dollar-staring-lose-its-reserve-status#comments)
New Comments:
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Wall Street Warns...
Huh? Wall Street represents perpetual dollar selling...which threatens the US dollar as reserve currency status. This one is rich.
We will never get out of this with these same crooks at the helm. There is simply no way the US can normalize as long as this banking cartel remains intact.
We are so screwed.

Wed, 08/03/2011 - 15:01 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/wall-street-warns-tim-geithner-dollar-staring-lose-its-reserve-status#comment-1521589) BaBaBouy (http://www.zerohedge.com/users/bababouy)
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QE3 = More Fiats Money For Sacks ...
More Food Stamps for the US Sheeple ...

03.08.2011, 22:33
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Investors Withdraw Most From Domestic Equities Since The Flash Crash (http://www.zerohedge.com/news/investors-withdraw-most-domestic-equity-first-flash-crash)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/03/2011 - 15:42

The ICI fund flow data is out and it is ugly: in the past week, investors pulled money from every single strategy for a total outflow of $10.4 billion. As usual the biggest drop was in domestic equities, which saw $8.76 billion in withdrawals, the largest since the Flash Crash when investors yanked $13.4 billion. This is the 15th consecutive week of outflows, and brings the year's total cumulative outflow to $50 billion. Add to this the $98 billion in withdrawals in 2010 and one can see why the mutual fund ponzi, which is already facing record low cash levels, is desperately relying on further stock appreciation as any additional capital withdrawals will result in a toxic downward spiral of selling. Because should the cash balance of about 3% of assets be used up, there will be no other way to satisfy redemption requests than with accelerated selling. In other news, taxable bond funds saw $67 million in withdrawals, a very rare outflow from fixed income, while muni funds saw $147 million in outflows.

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Comments: 43 (http://www.zerohedge.com/news/investors-withdraw-most-domestic-equity-first-flash-crash#comments)
New Comments:

04.08.2011, 09:08
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
More On The 2011 Edition Of US-Japan Open Currency Warfare: "This Is Just The Beginning" (http://www.zerohedge.com/news/more-2011-us-japan-open-currency-warfare-just-beginning)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/03/2011 - 21:57

According to Credit Suisse, this is just the beginning of Transpacific central banking warfare. Per Dow Jones: "The Japanese Ministry of Finance's JPY-selling operation Thursday may be the first in a series of interventions over the coming weeks to curb further rises in the unit, and may have come Thursday in part as the Swiss National Bank's move Wednesday to weaken its own currency made it easier for Japan also to step in, says Koji Fukaya, director of fixed income and global foreign exchange research at Credit Suisse. "This may be the start of a number of actions, depending on the yen moves in the weeks ahead," Fukaya says. The SNB's move Wednesday means Japan's own move "could be considered as a kind of coordinated action" in response to broad USD weakness, he says. As traders say the MOF has so far sold under Y500 billion, Fukaya says the total size ahead could rise as high as Y2 trillion, though the move Thursday should be enough to send USD/JPY above 79.00 later, where it should stabilize in coming sessions. The pair is now at 78.32, from 77.10 earlier." To anyone trading in these 100% correlated markets, which are now nothing but a battleground for those who yield the global electronic fiat printing presses, good luck.

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Comments: 90 (http://www.zerohedge.com/news/more-2011-us-japan-open-currency-warfare-just-beginning#comments)
New Comments: 90 (http://www.zerohedge.com/news/more-2011-us-japan-open-currency-warfare-just-beginning#new)
Wed, 08/03/2011 - 22:11 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/more-2011-us-japan-open-currency-warfare-just-beginning#comment-1522677) new ZX (http://www.zerohedge.com/users/zx)
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Vote up!
(http://www.zerohedge.com/vote/comment/1522677/1/vote/upanddown/041a11a08d617b2be5ef3623d843a57a) 8
Vote down!
(http://www.zerohedge.com/vote/comment/1522677/-1/vote/upanddown/5d66901835e4564d28a3c45d42f49c9d) 0
let the games begin. japan can print as much fiat as anyone; . earn nothing and watch your "safe" and you'd think "scarce", (given the price trajectory) "prudent" investment wither under the waterfall of freshly printed nippon ginkos... why not as much as it takes ? ditto that for the land of alpenhorns and chocolate. did someone say "competitive devaluations". what to do with all that paper.. there's too much, and there's nothing can be done about it other than to watch the market face off against the central bankers. no prize for guessing the winnner.

04.08.2011, 09:21
Schweizer Franken reagiert auf Japans Interventionen (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Schweizer-Franken-reagiert-auf-Japans-Interventionen/story/17669584)

http://files.newsnetz.ch/story/1/7/6/17669584/10/teasersmall16x9.jpg?1312441798 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Schweizer-Franken-reagiert-auf-Japans-Interventionen/story/17669584) Die Interventionen der japanischen Zentralbanken bremsen vorübergehend auch den Aufwärtsdruck auf den Schweizer Franken. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Schweizer-Franken-reagiert-auf-Japans-Interventionen/story/17669584)

Aktualisiert um 07:25 Uhr 2 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Schweizer-Franken-reagiert-auf-Japans-Interventionen/story/17669584#kommentar)

...hoffentlich nicht nur vorübergehend :rolleyes

04.08.2011, 09:41
50. Geburtstag von Barack Obama Ein bisschen ergraut, aber immer noch fit

Von seinen Anhängern gefeiert als erster afro-amerikanischer Präsident der USA, von seinen Gegnern übelst beschimpft und als Kriegs- und Krisenpräsident in der harten Realität Washingtons angekommen: Barack Obama wird heute 50 Jahre alt. tagesschau.de blickt auf Stationen seines Lebens zurück.


http://www.tagesschau.de/image/icon_bilder_c3d1eb.gif Barack Obama wird 50 (http://www.tagesschau.de/multimedia/bilder/barackobama140.html) Ein Porträt in Bildern [mehr (http://www.tagesschau.de/multimedia/bilder/barackobama140.html)]

http://www.tagesschau.de/image/icon_video_d5e0f7.gifBarack Obama feiert seinen 50. Geburtstag [M. Schmickler, ARD Washington] (http://www.tagesschau.de/multimedia/video/ondemand100_id-video955272.html)

04.08.2011, 15:09
IWF-Chefin vor Verfahren wegen Amtsmissbrauchs (http://www.cash.ch/news/front/iwfchefin_vor_verfahren_wegen_amtsmissbrauchs-1063407-449)

04.08.11, 14:08

Die Chefin des Internationalen Währungsfonds (IWF), Christine Lagarde, muss sich in Frankreich einem Verfahren wegen Amtsmissbrauchs stellen. mehr » (http://www.cash.ch/news/front/iwfchefin_vor_verfahren_wegen_amtsmissbrauchs-1063407-449)

....kein Politiker ohne Dreck am Stecken :rolleyes

04.08.2011, 15:14
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Initial Claims Print At 400K, Last Week's 398K Revised Upward To 401K, 18 Straight Weeks Over 400K (http://www.zerohedge.com/news/initial-claims-print-400k-last-weeks-398k-revised-upward-401k-18-straight-weeks-over-400k)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 08:39

As we predicted last week (http://www.zerohedge.com/news/initial-claims-print-sub-400-398k-be-revised-above-400k-next-week-nsa-claims-plunge-104k-past-w)when we reported that the surprise 398K claims beat was "quite amusing as next week's upward revision will mean the 400k+ streak will continue", we were again correct: today's print of 400K (which will be revised to 404K or so next week) allegedly beat expectations modestly, but the kicker is that last week's 398K was pushed up to 401K, meaning that the unbroken streak of 400K+ prints is now at 18 weeks. Welcome to the depression. Continuing claims came in worse than expected at 3,730K on consensus of 3,700K, from an upward (of course) revised 3,703K to 3,720K. In other words, whatever happens at tomorrow's NFP will happen, without any feedback either positive or negative from today's claims number. In other news, those on extended benefits and EUCs declined by 44K in the week ended July 16. The state breakdown is amusing because while there was not one state with an increase in layoffs of more than 1,000K, there were 18 states with drops of over 1,000K led by California at 23,689 due to "fewer layoffs in the service industry." Said otherwise: the jobless, homeless, marginless, stagflationary depression continues. Bring on QE3 which will seal the coffin of the once great US of A for good.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436140+--+From+ZeroHedge:+Initial%20Claims%20Print%20At%20400K,%20Last%20Week%27s%20398K%20Revised%20Upward%20To%20401K,%2018%20Straight%20Weeks%20Over%20400K)
Comments: 53 (http://www.zerohedge.com/news/initial-claims-print-400k-last-weeks-398k-revised-upward-401k-18-straight-weeks-over-400k#comments)
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Reads: 1,733
Thu, 08/04/2011 - 08:55 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/initial-claims-print-400k-last-weeks-398k-revised-upward-401k-18-straight-weeks-over-400k#comment-1523337) new WonderDawg (http://www.zerohedge.com/users/wonderdawg)
http://www.zerohedge.com/sites/default/files/pictures/picture-49096.jpg (http://www.zerohedge.com/users/wonderdawg)
I've got a QEzy feeling this might be when the BTFDer's get burned. It's a confidence game, and confidence in TPTB has crumbled and I detect some doubts about another round of QE having the same impact that the first two had. Time will tell, but it definitely feels "different this time".

04.08.2011, 15:18
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
ECB Buys Italian Bonds, Third Major Central Bank Intervention In Past 24 Hours (http://www.zerohedge.com/news/ecb-buys-italian-bonds-third-major-central-bank-intervention-past-24-hours)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 09:13

At exactly 9 am, half an hour into Trichet's press conference, the world's most undercapitalized hedge fund: the European Central Bank, demonstratively came in and started buying Italian bonds in hopes the market will forget just how broke the European continent truly is. This is the third major intervention by a central bank in capital markets in the past 24 hours following the SNB and the BOJ. Next up the Fed, and everything going to hell. Because even as Italian bond yields drop below 6%, the selloff in Portugal bonds is accelerating and the 10 Year yield is now 15 bps wider at 11.34%. We have a question: at what point does the ECB have to officially start printing Euros before its capitalization goes negative?

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New Comments:
Reads: 1

04.08.2011, 16:34
............ schon wieder :mad

04.08.2011, 17:07
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
ITALY BREAKS: Entire FTSE MIB Is Now Suspended (http://www.zerohedge.com/news/italy-breaks-entire-ftse-mib-now-suspended)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 10:05 Italy (http://www.zerohedge.com/category/tags/italy) Market holiday bitchez. "Further notice will follow." Don't hold your breath.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436147+--+From+ZeroHedge:+ITALY%20BREAKS:%20Entire%20FTSE%20MIB%20Is%20Now%20Suspended)
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ES Plummets To Fresh 2011 Low, Next Support In Middle 1100s On Global Risk Capitulation (http://www.zerohedge.com/news/es-plummets-fresh-2011-low-next-support-middle-1100s-global-risk-capitulation)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 10:21

Complete capitulation in the market, accentuated by feedback from one of our Italian PM sources, whose comment on the Italian market says enough: "UTTER PANIC - DEGROSSING ACROSS THE BOARD. DELEVERAGING. RISK MANAGERS IN CONTROL." Which is why bouncing cat dip buying may commence shortly. In the meantime, the Swiss Stock market just entered bear market territory after dropping 20% from the February high. :(

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436148+--+From+ZeroHedge:+ES%20Plummets%20To%20Fresh%202011%20Low,%20Next%20Support%20In%20Middle%201100s%20On%20Global%20Risk%20Capitulation)
Comments: 30 (http://www.zerohedge.com/news/es-plummets-fresh-2011-low-next-support-middle-1100s-global-risk-capitulation#comments)
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Reads: 4,348

04.08.2011, 17:19
Vorankündigung: Marc Faber bei cash

04.08.11, 16:07

Daniel Hügli - Marc Faber, Herausheber des Glom Boom & Doom Reports, ist am Freitag exklusiver Gast bei cash.ch......

.....Er glaubt, dass die US-Zentralbank ein weiteres Programm zum Aufkauf von Staatsanleihen starten wird und nennt im cash-Interview den Zeitpunkt dazu. Das Faber-Interview ist ab Mitternacht auf www.cash.ch (http://www.cash.ch/) zu sehen...... mehr » (http://www.cash.ch/news/topnews/vorankuendigung_marc_faber_bei_cash-1063496-771)

04.08.2011, 17:39
WATCH: Jon Stewart Takes On The Super Congress (http://www.huffingtonpost.com/2011/08/04/jon-stewart-takes-on-the-super-committee-video_n_918013.html)


04.08.2011, 18:53
License to Debase U.S. Dollar Further

By Jim Willie (http://www.financialsense.com/contributors/jim-willie) 08/03/2011

The US Federal Reserve has no monetary options whatsoever. They have been backed into the corner since 2007. It was coerced to reduce interest rates as the subprime mortgage crisis morphed into an absolute bond crisis, as the Jackass loudly stated during that fateful summer. The US bank leaders claimed it was contained. It was not. The USFed was backed into the corner in 2009, unable to raise interest rates from near 0% (the Zero Interest Rate Policy disease) and put into effect its propaganda theme of an Exit Strategy. The US bank leaders knew the longest period of time for the Fed Funds rate to stick at 0% was nine months, ensuring a future disaster. They saw it. They claimed a move toward normalcy. It did not come. The Jackass called them liars with a message of deception to manage the USTreasury Bond and stock market. They did not hike rates, as their bluff was called. The USFed looked weak as a result. They began to shed thick layers of prestige. The USFed was backed into the corner in 2010, unwilling to use printed money to monetize USTBonds, giving birth to the second dreaded Quantitative Easing disease. They did anyway. So the ZIRP & QE twin scourges became part of the landscape of ruin. The USFed denied they would embark on QE. The Jackass called them liars with a message of deception. They did embark on QE, then QE Lite, then QE2, all replete with denials. The USFed has lost all its prestige, all its credibility, and all its respect for economic analysis. They are actually a central office for the Syndicate. They are the focal point of the failure of the central bank franchise model.....

.....Worse, the players on the global debt debate stage exposed the USGovt as Greece times one hundred. The veil of ruin and arrogance has been lifted for all to see, the deep blemishes and skin cancer visible for all to see. The USGovt borrowing costs are near 0% for the same reason that the Greek borrowing costs are at 30%. BOTH NATION'S FINANCES ARE BROKEN.......

.....For the small investor (http://www.financialsense.com/contributors/jim-willie/2011/08/03/license-to-debase-u-s-dollar-further#), the safest is precious metals with no paper securities and thus no counter-party risk. The GLD & SLV funds are both fraudulent, to be revealed in time, if not already for those with discerning eyes......

....The USFed realizes to their dismay that debt monetization does not stimulate the USEconomy. They will be pushed into purchase of USTreasurys for a simple reason. Another big lie of past Quantitative Easing motivated to stimulate the USEconomy has come to light from direct exposure. The QE process will become an integral part of the monetary policy. The purpose for its continuation has been and will continue to be to prevent USTreasury auction failures which would paint a global billboard sign of USGovt insolvency, ruin, and default. The events from this week have profound meaning. The deliberations over the lifted debt ceiling were interwoven in toxic fashion with the budget debate. USGovt expenditures and taxation issues were hotly debated, enough to produce a stalemate that clearly continues. The main message behind the imminent new budget & debt limit deal is that the USGOVT IS GIVEN FREE REIN TO DEBASE THE USDOLLAR CURRENCY, while nothing has been done to reduce the $1.5 trillion deficit.....

.....Nothing changed since the COMEX ambush of naked shorting in early May, the avalanche that prompted the parade of deceptive analysts to proclaim the end of the Gold trade, the end of the Anti-US$ trade. They were wrong, loud wrong, and we called them wrong. Mark Twain defined 'dogmatic' as wrong at the top of the voice. How true! How appropriate! Nothing changed on the endless spew of debt, the endless spew of bank welfare, the endless spew of budget deficits, the endless spew of wrecked toxic sovereign bonds, the relentless rise of costs, the relentless lost job security, the relentless assault on households. The debt crisis has moved into new ground, with the USGovt debt moving onto the same stage as Greece, Portugal, and Ireland. The next broken legs to walk on stage will be Italy and Spain. The biggest surprise will be the entry on stage by France, which looks much more like a PIGS nation than the others......

......The Strong Dollar Policy of the 1990 decade resulted in a gutting of US industry. Many jobs were sent off-shore. The primary emphasis became the clean industry behind the financial sector, whose size grew markedly, leading up to the 2000 tech telecom bust. Then came the housing bubble then bust, and the deadly aftermath of insolvency that plagues the nation. The Weak Dollar policy engineered in the last two years as part of the Quantitative Easing programs has resulted in more gutting of US industry. The great majority of households and businesses are suffering from a uniformly rising cost structure, but not rising wages. The support of the banker largesse bailouts and USTreasury Bond debt monetization has lifted the entire cost structure......

full story: http://www.financialsense.com/contributors/jim-willie/2011/08/03/license-to-debase-u-s-dollar-further

ziemlich viel zu lesen ---> :supi

04.08.2011, 19:50
04 August 2011

Bank Of New York Mellon To Pay Negative Interest Rate for Very Large Cash Deposits (http://jessescrossroadscafe.blogspot.com/2011/08/bank-of-new-york-mellon-to-charge-fee.html)

The Bank of New York Mellon will begin paying negative interest rates on very large cash savings deposits, over $50 million, this week.

As an aside, we wonder why the Fed does not similarly reduce the interest they pay on bank reserve deposits with them to zero from the current .25 percent?

It should be noted that Bank of New York Mellon has a current dividend yield of 2.06%. Are those dividends taxable? Will depositors be able to claim a lost on the negative interest they pay to BNY Mellon?

Not a sign of deflation if you understand it, although I am sure some will tease that conclusion out of this. Negative real interest rates are the hallmark of quantitative easing, which are artificially low interest rates and the creation of non-organic money, printing paper if you will. It is just they are nominally positive on the longer end of the curve. When they go nominally negative on the short end for a sustained period, you know we are not in Kansas anymore, Toto.

This is a clear sign of a topsy turvy financial system, of dysfunctional markets, of predatory banking, distorted risks and returns, and a broken economy with negative real interest rates that are likely to become...more negative. The US can get by with this because of who they are, and what the dollar represents to world trade.

There is a major bear raid on gold today, capping the earlier flight to safety. I think this is more indicative of extremes at the short term in the trends of stocks, bonds and dollars. But the Non Farm Payrolls are tomorrow, and the market is watching them and the situation in Europe rather nervously.

Remember this story the next time someone says that the problem with gold bullion is that it pays no interest, and there are costs to store it.

If the Fed can create it, they can also confiscate it, and transfer it to their friends, creating winners and losers, and sometimes almost at will. And that is the problem with fiat money and the banking cartel that surrounds it.WSJ (http://online.wsj.com/article/SB10001424053111903366504576488123965468018.html)
BNY Mellon to Charge for Some Deposits Above $50 Million

Bank of New York Mellon Corp. is preparing to charge some large depositors to hold their cash, in the latest sign of the worries roiling global markets.

The biggest U.S. custodial bank said this week in a note to clients that it will begin slapping a fee next week on customers that have vastly increased their deposit balances over the past month.

The bank cited the massive dollar deposits it has received over recent weeks, as investors and corporations retreat from financial markets amid Europe's debt crisis and the recent debate over U.S. government ...

Posted by Jesse at 12:07 PM (http://jessescrossroadscafe.blogspot.com/2011/08/bank-of-new-york-mellon-to-charge-fee.html) :verbeug

04.08.2011, 19:53
Politik: 4. August 2011, 18:13

Israel forciert Siedlungsbau (http://www.nzz.ch/nachrichten/politik/international/israel_forciert_siedlungsbau_1.11777586.html)

Fast 1000 neue Wohnungen für Juden in Ostjerusalem

Israel hat den Bau von weiteren 930 Wohnungen im arabischen Ostteil Jerusalems genehmigt. Die Wohnungen sollen am Südrand der Stadt gebaut werden, auf 1967 besetztem Gebiet. ...



04.08.2011, 20:07
Börsen stürzen weltweit ab – Franken erstarkt wieder (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Boersen-stuerzen-weltweit-ab--Franken-erstarkt-wieder/story/10751933)

http://files.newsnetz.ch/story/1/0/7/10751933/36/teasersmall16x9.jpg?1312480551 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Boersen-stuerzen-weltweit-ab--Franken-erstarkt-wieder/story/10751933) Nach den kritischen Äusserungen von EU-Kommissionspräsident José Barroso zum Euro-Rettungsfonds befinden sich sämtliche Börsen und der Euro wieder im Sinkflug. Die Schweizer Nationalbank schaut zu – vorerst. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Boersen-stuerzen-weltweit-ab--Franken-erstarkt-wieder/story/10751933)

Von Bernhard Fischer (http://www.tagesanzeiger.ch/stichwort/autor/bernhard-fischer/s.html). Aktualisiert vor 52 Minuten 73 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Boersen-stuerzen-weltweit-ab--Franken-erstarkt-wieder/story/10751933#kommentar)

Aschy Furrer - 18:17 Uhr
Offenbar arbeitet Geld nicht ... :cool (http://%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0Antworten%20:cool%20%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0%C2%A0)

04.08.2011, 20:56
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
What A Day (http://www.zerohedge.com/news/what-day)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 14:16


The U.S. remains hopeful that QE3 is coming. The tone of messages I get seems to be of people caught long (possibly recently) trying to show that market isn't really that weak. We tried the "Europe has gone home rally" and it pushed SPX cash all the way up to 1229, but since then we have faded. I think people will get more and more nervous about NFP as we head into the close. It is not just the number tomorrow that people are worrying about, but possibly massive downward revisions. Is it possible we get a 10% unemployment rate print tomorrow? Probably not, but given the price action, the fact that too many people still seem to be hoping for QE3 (I was one of those overnight and early today), and the NFP revisions fear, I think we will see a new low today before we close.

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Comments: 11 (http://www.zerohedge.com/news/what-day#comments)
New Comments: 11 (http://www.zerohedge.com/news/what-day#new)
Reads: 472

04.08.2011, 20:57
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Macro Commentary: The Damned If We Do, Damned If We Don’t Global Economy (http://www.zerohedge.com/news/macro-commentary-damned-if-we-do-damned-if-we-don%E2%80%99t-global-economy)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 14:50

QE2 is dead. Long live QE3! Markets rebounded yesterday when Ben Bernanke’s BFF at the WSJ Jon Hilsenrath published an article that quoted senior officials at the Fed as saying that they would give “very serious consideration” to a new round of bond purchases, aka QE3. Not to toot my own horn or anything, but I published a note back on February 2nd called Go All In On Bernanke’s Weak QE3 Hand where I said, “The problem the Fed and Chairman Bernanke now face is that the so-called wealth effect of the rising stock market has been dependent on the existence of QE2 and removing that punch bowl could cause the party to end and reverse the gains, both economic and market, that we have seen in the last 5 months.” At the time, you’ll recall, the market was solidly convinced that QE2 would be the last and final round of QE from the Fed. I disagreed. Unfortunately, it’s starting to look like I was right. However, as a long-time buyer of gold and silver, I have to admit that these never ending rounds QE are a gift from the (finance) Gods. But why should the market get excited about a policy that’s essentially failed, twice, to do anything except temporarily juice stocks higher? I think it’s very simple, the Fed cannot afford to be seen as helpless, they must do something, anything. Otherwise, why have them as Ron Paul might ask? And besides, at this point in the game, what else can they do? Lower rates? Nope, zero-bound already. Lower reserve requirements? Not likely, our TBTF banks are already scraping by with mark-to-model accounting on real estate assets that are currently worth less than they were in 2008 yet still somehow are marked at or close to par. Lowering reserve requirements would likely cause the banking panic currently growing in Europe to quickly jump the pond and land on our shores. Which leaves us with QE3/asset purchases.

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04.08.2011, 21:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Watch Barton Biggs Predict The Rosy Future: The Sequel (http://www.zerohedge.com/news/watch-barton-biggs-predict-rosy-future-sequel)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/04/2011 - 14:59

For those who didn't get their share of laughs listening to Barton Biggs yesterday on CNBC, and his prediction of a 7-9% rally in three weeks (make that 9-11% as of today), here is your repeat chance to do just that as he has a 3:00 pm appearance on Bloomberg TV today. Incidentally, Barton will be absolutely correct if next Tuesday the Fed announces that QE3 is starting. Of course gold will be at $2000 to celebrate the Fed pushing its balance sheet over $4 trillion. Otherwise, the outlook is not so rosy...

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04.08.2011, 22:13

Index Value:11,383.76 Trade Time:4:06PM EDT

aha Change We Can Believe In :rolleyes Change:http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 512.68 (4.31%)

05.08.2011, 08:59
exklusiv Marc Faber: «Börsen werden weiter fallen»:wein

Aktualisiert vor 32 Minuten
(http://www.cash.ch/news/topnews/marc_faber_boersen_werden_weiter_fallen-1063556-771)Daniel Hügli - Laut Marc Faber wird die US-Börse weitere 15 Prozent verlieren. Im cash-Börsen-Talk äussert sich Faber auch zu Staatsverschuldung, Dollar, SNB - und zeigt am «Sirupglas»-Beispiel die Geldentwertung. (http://www.cash.ch/news/topnews/marc_faber_boersen_werden_weiter_fallen-1063556-771)mehr » (http://www.cash.ch/news/topnews/marc_faber_boersen_werden_weiter_fallen-1063556-771)

05.08.2011, 09:17
Marc Faber uf schwiezerdütsch gibt Anschauungsunterricht :supi ;)

die Verdünnung der Währungen anhand von Sirup :D von rechts nach links: Gold - CHF - € - $
.................................................der $ müsste eigenlich in eine Badewanne :oo

sollte man sich anhören :cool

05.08.2011, 10:01
Neue Mars-Bilder

Rinnsale im roten Sand (http://www.spiegel.de/wissenschaft/weltall/0,1518,778385,00.html)

Auf dem Mars fließendes Wasser zu entdecken - darauf hoffen Astronomen seit Jahren. Jetzt haben sie endlich eine heiße Spur: Dunkle Linien, die sich an sonnigen Abhängen bilden, könnten durch viele kleine Rinnsale entstehen. mehr... (http://www.spiegel.de/wissenschaft/weltall/0,1518,778385,00.html) [ Video (http://www.spiegel.de/video/video-1076908.html) | Forum (http://forum.spiegel.de/showthread.php?t=41201) ]

...na dann können wir ja beruhigt in die Zukunft sehen :oo http://www.stock-channel.net/stock-board/attachment.php3?attachmentid=109714&stc=1

05.08.2011, 10:15
Panikverkäufe gehen weiter (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Panikverkaeufe-gehen-weiter/story/24353513)

http://files.newsnetz.ch/story/2/4/3/24353513/47/teaserbreit.jpg?1312531704 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Panikverkaeufe-gehen-weiter/story/24353513) Der Handel an der Schweizer Börse hat begonnen. Der SMI liegt tiefrot im Minus. Die UBS-Aktie war zeitweise nur noch 10.50 Franken wert. Auch der deutsche DAX rasselt in die Tiefe. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Panikverkaeufe-gehen-weiter/story/24353513)

Aktualisiert vor 3 Minuten 11 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Panikverkaeufe-gehen-weiter/story/24353513#kommentar) Update folgt...

Hildegard Montz - 09:03 Uhr
Welche Geschmacklosigkeit angesichts der vielen Menschen, die derzeit unschuldig ihr Leben lassen müssen, 4% weniger Überfluss auch nur in die Nähe des Wortes Blutbad zu bringen. Welche Hilflosigkeit angesichts der tatsächlichen globalen Realität spricht daraus!

05.08.2011, 10:19
Sohn Ghadhafis angeblich bei Luftangriff getötet (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Sohn-Ghadhafis-angeblich-bei-Luftangriff-getoetet/story/29919150)

http://files.newsnetz.ch/story/2/9/9/29919150/11/teasersmall16x9.jpg?1312532049 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Sohn-Ghadhafis-angeblich-bei-Luftangriff-getoetet/story/29919150) Bei einem Luftangriff der Nato ist nach Angaben der libyschen Rebellen Khamis al-Ghadhafi getötet worden. Frankreich räumt inzwischen ein, den libyschen Machthaber unterschätzt zu haben. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Sohn-Ghadhafis-angeblich-bei-Luftangriff-getoetet/story/29919150)

Aktualisiert vor 4 Minuten

....angeblich :rolleyes hoffentlich hat das endlich ein Ende :rolleyes

05.08.2011, 11:07
....und hier nochmals MF ;) ....die comments sind allgemein nicht so positiv :rolleyes

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Marc Faber: "Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur" (http://www.zerohedge.com/news/marc-faber-next-week-we-will-see-if-bernanke-true-money-printer-or-just-amateur)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 03:51

"The whole world is mad" - so says Marc Faber when beginning his latest observations of the markets in the attached Bloomberg TV interview. "Stocks will be dropping 30%, then rallying 20%, and dropping another 30% - that's going to be the pattern. And whoever can't live with that shouldn't be buying equities at all." And while the publisher of the Gloom, Boom & Doom report, said "there is a case to be ultrabearish about everything, and markets are going to go lower" he notes that markets are "extremely oversold" and he expects a "snap-back" rally in the U.S. Standard & Poor's 500 Index of about 40-50 points. That said, Faber sees no new highs in 2011. He concludes that he can already smell QE3, and that the next week will be important to see if Bernanke is a true money printer or an amateur, and if he is a true money printer he will start printing soon." Couldn't have said it better ourselves.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436186+--+From+ZeroHedge:+Marc%20Faber:%20%22Next%20Week%20We%20Will%20See%20If%20Bernanke%20Is%20A%20True%20Money%20Printer%20Or%20Just%20An%20Amateur%22)
Comments: 26 (http://www.zerohedge.com/news/marc-faber-next-week-we-will-see-if-bernanke-true-money-printer-or-just-amateur#comments)
New Comments: 26 (http://www.zerohedge.com/news/marc-faber-next-week-we-will-see-if-bernanke-true-money-printer-or-just-amateur#new)
Reads: 3,695
Fri, 08/05/2011 - 04:37 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/marc-faber-next-week-we-will-see-if-bernanke-true-money-printer-or-just-amateur#comment-1525958) new Alex2245 (http://www.zerohedge.com/users/alex2245)
http://www.zerohedge.com/sites/all/themes/images/bagicon.png (http://www.zerohedge.com/users/alex2245)
Interesting alert from economic prism.
When The Voters Get WHACKED - Again
Horrible debt celing deal and then stock market crashes 500 points.. Thank you congress!
http://theintelhub.com/2011/08/05/economic-prism-when-the-voters-get-wha... (http://theintelhub.com/2011/08/05/economic-prism-when-the-voters-get-whacked-again/)


05.08.2011, 12:00
+++ Liveticker +++

Anleger flüchten in US-Staatsanleihen :ichnicht

Kaum Gewinner, viele Verlierer: Am Vormittag notieren fast alle 30 Dax-Titel im Minus. In Amerika setzen Investoren bevorzugt auf US-Staatsanleihen und Bargeld - die Einlagen bei Banken stiegen um 85 Prozent. Die Entwicklungen an den Märkten im Liveticker. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,778532,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41227) ]

05.08.2011, 12:25
THE RICH GET RICHER (http://www.huffingtonpost.com/2011/08/04/irs-incomes_n_918458.html)
IRS: Over 1,400 Millionaires Paid No Income Taxes In 2009 (http://www.huffingtonpost.com/2011/08/04/irs-incomes_n_918458.html)

New tax data from the Internal Revenue service shows that in 2009, incomes fell, unemployment claims rose, and the U.S. economy shed nearly two million taxpayers.

And of the 235,413 taxpayers who earned $1 million or more in 2009, 1,470 of them paid no taxes. :bad

According to the data, the average income for American taxpayers fell to $54,283 -- a drop of $3,516, or about 6.1 percent, between 2008 and 2009. Not only that, but the overall number of taxpayers -- that is, individuals or married couples filing with the IRS -- fell by almost two million.

"What you're seeing is the devastation of the massive loss of jobs and the effects of the real recession on real Americans," said Ed Kleinbard, a law professor at the University of Southern California.....

Comments (4,158) (http://www.huffingtonpost.com/2011/08/04/irs-incomes_n_918458.html#comments)
| The Recession (http://www.huffingtonpost.com/news/recession)
LouisEuropeanLiberal (http://www.huffingtonpost.com/social/LouisEuropeanLiberal?action=comments)

44 Fans (http://www.huffingtonpost.com/social/LouisEuropeanLiberal)

0 minute ago (6:10 AM)

Republican*s have an answer to the wealthy not paying any income tax.

Give them another tax break.

http://i.huffpost.com/profiles/1574314.png?20110723091409 (http://www.huffingtonpost.com/social/MikeCm?action=comments) MikeCm (http://www.huffingtonpost.com/social/MikeCm?action=comments)

121 Fans (http://www.huffingtonpost.com/social/MikeCm)

0 minute ago (6:10 AM)

It is interestin*g that 1400 millionair*es pay zero taxes.

This article fails to mention, however, the massive increase in wealth concentrat*ion. Of the 235,000 millionair*es, 400 of them now hold roughly half the wealth of this country. Stated differentl*y, there are 400 people in this country who could literally wipe their asses with $10,000 bills everyday for the next twenty generation*s and not even dent the equity they earn on that wealth.

And most importantl*y, note that there are far fewer millionair*es today than ever before which is a direct consequenc*e of this concentrat*ion in wealth.

In summary, we have finally reached the point in this country where it is correct to say that the ultra rich are getting richer while the ordinary rich are getting poorer.
LouisEuropeanLiberal (http://www.huffingtonpost.com/social/LouisEuropeanLiberal?action=comments)

44 Fans (http://www.huffingtonpost.com/social/LouisEuropeanLiberal)

5 minutes ago (6:05 AM)

The Rich that pay no taxes offer a solution to the Homelessne*ss and Hunger in America.

Feed the homeless to the hungry.
http://i.huffpost.com/profiles/376056-2.png?20100810232135 (http://www.huffingtonpost.com/social/ponderingmuch?action=comments) ponderingmuch (http://www.huffingtonpost.com/social/ponderingmuch?action=comments)

556 Fans (http://www.huffingtonpost.com/social/ponderingmuch)

4 minutes ago (6:06 AM)

Feed the rich to the homeless and the hungry. (...gäbe wohl Magenverstimmung :rolleyes)

05.08.2011, 16:15
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
NFP Prints At 117K, Beats Expectations Of 85K, Unemployment Rate Down To 9.1% (http://www.zerohedge.com/news/nfp-prints-117k-beats-expectations-85k)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 08:27

Change in Non-Farm Payrolls M/M 117K vs. Exp. 85K (Prev. 18K)
Change in Private Payrolls (Jul) M/M 154K vs. Exp. 113K (Prev. 57K)
Change in Manufacturing Payrolls (Jul) M/M 24K vs. Exp. 10K (Prev. 6K)
US Average Hourly Earnings (Jul) M/M 0.4% vs. Exp. 0.2% (Prev. 0.0%)
US Unemployment Rate (Jul) M/M 9.1% vs. Exp. 9.2% (Prev. 9.2%)

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Labor Force Participation Rate Drops To 63.9%, Lowest Since January 1984 (http://www.zerohedge.com/news/labor-force-participation-rate-drops-639-lowest-january-1984)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 08:59

While we still await for BLS.gov to finally come back up online half an hour after printing the actual NFP number, here is the one data point that we know for a fact: the labor force participation rate, and the reason why the general unemployment rate declined to 9.1%, just dropped to 63.9%, the lowest in 16 years, or matches the participation rate from January 1984.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436196+--+From+ZeroHedge:+Labor%20Force%20Participation%20Rate%20Drops%20To%2063.9%,%20Lowest%20Since%20January%201984)
Comments: 62 (http://www.zerohedge.com/news/labor-force-participation-rate-drops-639-lowest-january-1984#comments)
New Comments: 62 (http://www.zerohedge.com/news/labor-force-participation-rate-drops-639-lowest-january-1984#new)
Reads: 5,284
Fri, 08/05/2011 - 09:06 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/labor-force-participation-rate-drops-639-lowest-january-1984#comment-1526413) new Dr. Richard Head (http://www.zerohedge.com/users/dr-richard-head)

http://www.zerohedge.com/sites/default/files/pictures/picture-10274.jpg (http://www.zerohedge.com/users/dr-richard-head)

The new job in Amerika has become one receiving SNAP, Unemployment Insurance, and eating of iPods. One can plainly see that government can create jobs - for JP Morgan. The processing of 45.8 million in food stamps is mother fucking hard work.

05.08.2011, 16:23
new bania (http://www.zerohedge.com/users/bania) http://www.zerohedge.com/sites/default/files/pictures/picture-31689.jpg (http://www.zerohedge.com/users/bania)

An out-of-work broker asked a friend who owned a circus for work. His friend said the circus gorilla had recently died, and if the broker wanted to get into the gorilla's skin, swing around, growl, and amuse the children, he could have the job. Things went well until one day the rope the “gorilla” was swinging on snapped and catapulted him into the lions cage. The lion let out a roar, which the “gorilla” answered with a timid yelp. The lion roared louder, and the “gorilla” lost his nerve and started screaming for help. The lion came closer and whispered “Shut up, you damned fool, you're not the only broker out of a job.”


05.08.2011, 18:15
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
USDCHF Plunges To Record Low Following Generali CEO Comments Eurozone Faces Risk Of Breakup, Flight To Safety Resumes (http://www.zerohedge.com/news/usdchf-plunges-record-low-following-generali-ceo-comments-eurozone-faces-risk-breakup-flight-sa)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 10:43

Yep. Europe again. Following comments from Generali's CEO Giovanni Perissinotto based on a transcript from a conference call earlier that the Eurozone is at risk of breakup (something which everyone knows, but nobody dares to say, especially not anyone whose CDS is trading in lockstep with those of Italy), the USDCHF just plunged to fresh all time lows. And so all the goodwill created by the robotic buying on the NFP headlines is gone.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436201+--+From+ZeroHedge:+USDCHF%20Plunges%20To%20Record%20Low%20Following%20Generali%20CEO%20Comments%20Eurozone%20Faces%20Risk%20Of%20Breakup,%20Flight%20To%20Safety%20Resumes)
Comments: 75 (http://www.zerohedge.com/news/usdchf-plunges-record-low-following-generali-ceo-comments-eurozone-faces-risk-breakup-flight-sa#comments)
New Comments: 75 (http://www.zerohedge.com/news/usdchf-plunges-record-low-following-generali-ceo-comments-eurozone-faces-risk-breakup-flight-sa#new)
Reads: 4,885
Fri, 08/05/2011 - 10:46 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/usdchf-plunges-record-low-following-generali-ceo-comments-eurozone-faces-risk-breakup-flight-sa#comment-1526783) Hedgetard55 (http://www.zerohedge.com/users/hedgetard55)

http://www.zerohedge.com/sites/default/files/pictures/picture-43732.jpg (http://www.zerohedge.com/users/hedgetard55)

I'm glad my FXF is backed by Nestle's Gold Chocolate bars.

05.08.2011, 18:32
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Stocks, Euro Surge On Another Central Bank Intervention Announcement: ECB Ready To Buy Italian, Spanish Bonds (http://www.zerohedge.com/news/stocks-euro-surge-another-central-bank-intervention-announcement-ecb-ready-buy-italian-spanish-)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 12:18

More central bank intervention headlines, and the euro and stocks, which earlier were plunging without a floor, surge:

ECB ready to buy Italian and Spanish bonds if Berlusconi commits to bring forward specific reforms according to sources
ECB expects Italy to fast-track welfare reform, fiscal rule for bond purchases according to sources close to talks
EU leaders applying intensive pressure on Berlusconi to make an announcement according to sources
Said otherwse, open the QE floodgates. Globally. Central banks now control it all. Net result, a 100 pip surge in the EURUSD, and a halt to the market plunge. For at least a few more minutes...

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436209+--+From+ZeroHedge:+Stocks,%20Euro%20Surge%20On%20Another%20Central%20Bank%20Intervention%20Announcement:%20ECB%20Ready%20To%20Buy%20Italian,%20Spanish%20Bonds)
Comments: 4 (http://www.zerohedge.com/news/stocks-euro-surge-another-central-bank-intervention-announcement-ecb-ready-buy-italian-spanish-#comments)
New Comments: 4 (http://www.zerohedge.com/news/stocks-euro-surge-another-central-bank-intervention-announcement-ecb-ready-buy-italian-spanish-#new)
Reads: 255

05.08.2011, 18:34
Diese Börse hatte den grössten Wochenverlust

05.08.11, 17:53

Die Furcht vor einer Rezession und einer Ausweitung der europäischen Schuldenkrise haben zu einem Ausverkauf an den internationalen Aktienmärkten geführt. Die Tabelle mit den Wochenverlierern. mehr » (http://www.cash.ch/news/topnews/diese_boerse_hatte_den_groessten_wochenverlust-1063966-771)

05.08.2011, 18:47
POTUS THE MaGiCiaN (http://www.zerohedge.com/contributed/potus-magician)

Posted by: williambanzai7 (http://www.zerohedge.com/users/williambanzai7)

Post date: 08/05/2011 - 11:25

Where are we...

05.08.2011, 19:03
+++ Liveticker +++ :rolleyes

Dax schließt tief im Minus (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,778532,00.html)

Es war eine der grässlichsten Wochen in der Geschichte des Dax: Der Index schließt tief im Minus - seit Montag hat er rund 13 Prozent an Wert eingebüßt. Auch der Dow Jones verliert, Händler fürchten eine Herabstufung von Amerikas Bonitätsbewertung. Alle Entwicklungen im Liveticker. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,778532,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41227) ]

05.08.2011, 19:13
«Die nächste Finanzblase platzt bestimmt» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Die-naechste-Finanzblase-platzt-bestimmt/story/10108687)

http://files.newsnetz.ch/story/1/0/1/10108687/36/teasersmall16x9.jpg?1312563736 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Die-naechste-Finanzblase-platzt-bestimmt/story/10108687) Börsenguru Mark Mobius im Exklusiv-Interview über lauernde Spekulationsgefahren auf den Weltmärkten, das Erfolgsprojekt Euro und die Sinnlosigkeit von Nationalbank-Massnahmen. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Die-naechste-Finanzblase-platzt-bestimmt/story/10108687)

Interview: Bernhard Fischer (http://www.tagesanzeiger.ch/stichwort/autor/bernhard-fischer/s.html). Aktualisiert um 16:01 Uhr 16 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Die-naechste-Finanzblase-platzt-bestimmt/story/10108687#kommentar)

:nw nicht so toll - meine Meinung :rolleyes:oo

05.08.2011, 19:16
Panorama: 5. August 2011, 16:27

Massenproteste nach Freitagsgebet in Syrien (http://www.nzz.ch/nachrichten/panorama/massenproteste_freitagsgebet_1.11790003.html)

Sicherheitskräfte eröffnen Feuer auf Demonstranten

(http://www.nzz.ch/nachrichten/panorama/massenproteste_freitagsgebet_1.11790003.html)Zehntausende von Demonstranten haben nach den Freitagsgebeten in Syrien gegen das Regime von Präsident Asad protestiert, woraufhin Sicherheitskräfte das Feuer eröffneten. In einem Vorort von Damaskus sollen dabei mindestens drei Demonstranten ums Leben gekommen sein.




05.08.2011, 20:10
Gerettete chilenische Bergarbeiter

Was vom Wunder übrigblieb (http://www.spiegel.de/panorama/gesellschaft/0,1518,778510,00.html)

69 Tage lang waren 33 Kumpel aus Chile vor einem Jahr in der Kupfermine San José eingeschlossen. Die Zeit unter Tage hat die Männer verändert: Auf die Euphorie nach der Bergung folgte für viele der soziale Absturz. Von Klaus Ehringfeld, Mexiko-Stadt mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,778510,00.html) [ Video (http://www.spiegel.de/video/video-1141913.html) ]


05.08.2011, 20:14
Amy Winehouse's Final Recording To Be Released As Charity Single (http://www.huffingtonpost.com/2011/08/05/amy-winehouse-tony-bennett_n_918974.html)

.....finde ich :supi

05.08.2011, 21:30
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Quote Stuffing Surges ==> Market Plunges (http://www.zerohedge.com/news/quote-stuffing-surges-market-plunges)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 15:11

If: quote stuffing spike = true; then: market plunge. Over and over and over and over.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436217+--+From+ZeroHedge:+Quote%20Stuffing%20Surges%20==%3E%20Market%20Plunges)
Comments: 15 (http://www.zerohedge.com/news/quote-stuffing-surges-market-plunges#comments)
New Comments: 15 (http://www.zerohedge.com/news/quote-stuffing-surges-market-plunges#new)
Reads: 1,427
new buzzsaw99 (http://www.zerohedge.com/users/buzzsaw99) http://www.zerohedge.com/sites/default/files/pictures/picture-3639.png (http://www.zerohedge.com/users/buzzsaw99)

HFTs happily play pattycake amongst themselves but when the booger man wants to join in they run away.

05.08.2011, 21:49
:thanx Hawkeye (http://www.goldismoney2.com/member.php?51-Hawkeye)

06.08.2011, 08:22
WAS COMING' (http://www.huffingtonpost.com/2011/08/05/downgrade-us-standard-and-poors_n_919867.html)
U.S. Prepares For Markets' Reaction To S&P's Downgrade (http://www.huffingtonpost.com/2011/08/05/downgrade-us-standard-and-poors_n_919867.html)
[/url]WASHINGTON — The United States has lost its sterling credit rating from Standard & Poor's. The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion – a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.....

[url="http://krugman.blogs.nytimes.com/2011/08/05/sp-and-the-usa/"]Paul Krugman: 'S&P Is Just Making Stuff Up'.. (http://www.huffingtonpost.com/2011/08/05/downgrade-us-standard-and-poors_n_919867.html) What This Means For The Real Economy.. (http://abcnews.go.com/Business/sp-drops-us-credit-rating-aa-easy-understand/story?id=14244259) S&P's Full Release (http://blogs.wsj.com/marketbeat/2011/08/05/sp-downgrades-u-s-debt-rating-press-release/)

Comments (30,658) (http://www.huffingtonpost.com/2011/08/05/downgrade-us-standard-and-poors_n_919867.html#comments)
| Most Popular (http://www.huffingtonpost.com/news/mostpopular)
.....na dann wird's ja am Montag rund gehen :xyz

06.08.2011, 08:23
05 August 2011

Standard and Poor's Downgrades US Long Term Sovereign Debt From AAA to AA+ (http://jessescrossroadscafe.blogspot.com/2011/08/standard-and-poors-downgrades-us.html)

It appears that my suspicions about a hidden agenda and undercurrent in today's trade were correct. There were prints of something significant but undisclosed all over the tape, yesterday and today.

The official line will try to downplay this next week, and they may attempt to tinker with the market to support that story line. They have positioned Treasuries and the metals to help them do this. They did not quite succeed with gold.

It appears that this information known earlier on by at least some market participants, as the "government prepared for the downgrade" as reported to ABC news. S&P delayed the release this afternoon (http://www.nytimes.com/2011/08/06/business/us-debt-downgraded-by-sp.html)as the Treasury found 'a 2 trillion mathematical error' in S&P's figures.

Are you kidding me?

The US rating remains unchanged at Fitch and Moody's. This may ameliorate the effects of the downgrade.

There are no coincidences in politics, and international financial ratings. Watch and see how they never 'waste a crisis.'

The currency and class wars will intensify.
United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative

· We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

· We have also removed both the short- and long-term ratings from CreditWatch negative.

· The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

· More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

· Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon.

· The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case. Read the full report here (http://www.ft.com/intl/cms/af2c4fac-bfc2-11e0-90d5-00144feabdc0.pdf).

Posted by Jesse at 9:06 PM (http://jessescrossroadscafe.blogspot.com/2011/08/standard-and-poors-downgrades-us.html) :verbeug

06.08.2011, 08:26
...sollte vor dem vorherigen posting stehen :oo

SP 500 and NDX Futures Daily Charts - US Debt Downgrade Looming? (http://jessescrossroadscafe.blogspot.com/2011/08/sp-500-and-ndx-futures-daily-charts_05.html)

Since the end of QE2 the stock market is down about ten percent.

Do not think that this is lost on Bernanke and the FOMC which meets next week.

After the bell there were stories that the US government is preparing for a sovereign debt downgrade by S&P. See the blog entry above for details.

I am not so sure that they will formally announce a QE3 on Tuesday, but I think that it is a good bet that between the Congress and the Fed there will be even more subsidies and supports for the banks and the corporations that surround them.

And these will be paid for the bottom 85 percent of the American people.

Posted by Jesse at 4:25 PM (http://jessescrossroadscafe.blogspot.com/2011/08/sp-500-and-ndx-futures-daily-charts_05.html)

Category: NDX Daily Chart (http://jessescrossroadscafe.blogspot.com/search/label/NDX%20Daily%20Chart), SP Daily Chart (http://jessescrossroadscafe.blogspot.com/search/label/SP%20Daily%20Chart)

Here Comes the 'Freedom to Invest Act' (http://jessescrossroadscafe.blogspot.com/2011/08/here-comes-freedom-to-invest-act.html)

As a general rule of thumb, any law in America that contains the word 'Freedom' or 'Patriot' in its title is brazenly promoting a crime, or a fraud, or some self serving corruption of the common good.

I suppose that this indirect level of freedom will just have to do until a bipartisan committee can come up with a plan to more directly 'free up' your IRA and 401k for the use of corporate America.

At least you are still free to vote, although the corporations get to pick the candidates and count the votes.

Some animals are more equal than others.Rolling Stone (http://www.rollingstone.com/politics/blogs/taibblog/evil-corporate-tax-holiday-deal-still-alive-20110804)
Evil Corporate Tax Holiday Deal Still Alive
By Matt Taibbi
August 4, 9:29 AM ET

There was some talk that a corporate tax holiday might be rolled up somehow into the debt-ceiling deal. I heard that from a few quarters in DC in the weeks leading up to Obama’s Bighornesque debt/supercommittee massacre.

However, the tax holiday turned out to not be part of that deal. That does not mean, however, that the proposal is dead. In fact, calling around in the last few days, I’m hearing that it is very much alive.

The action revolves around a bill sponsored in May by Texas Republican Kevin Brady (and co-sponsored by Utah Democrat Jim Matheson) called the Freedom To Invest Act, which would “temporarily” lower the effective corporate tax rate to 5.25 percent for all profits being repatriated.

Essentially, this is a one-time tax holiday rewarding companies for systematically offshoring their profits since 2004 – the last time they did this “one-time” deal...

Posted by Jesse at 3:09 PM :verbeug

06.08.2011, 08:30
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Bread, Circuses, Spending Cuts, Unicorns And The Appearance Of Wealth (http://www.zerohedge.com/news/guest-post-bread-circuses-spending-cuts-unicorns-and-appearance-wealth)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 15:59

Juvenal makes reference to the Roman practice of providing free wheat to Roman citizens as well as costly circus games and other forms of entertainment as a means of gaining political power through populism. Roman politicians devised a plan in 140 B.C. to win the votes of the poor: giving out cheap food and entertainment, “bread and circuses”. The Roman politicians realized this would be the most effective way to rise to power and stay in power. With the revolting display of political theater in the last few weeks, I couldn’t help but consider the parallels between the Roman Empire and the American Empire. The entire debt ceiling farce was a circus on an epic scale – The Greatest Show on Earth. The American public was treated to high wire acts of near debt experiences, Senators putting their heads into the mouths of lions, and hundreds of clowns riding tiny bikes with squeaking horns. In the end, American politicians did what they do best - pretended to solve a spending problem without cutting spending. Only in America could politicians put the country on course to increase its national debt from $14.5 trillion to $23 trillion by 2021 and declare they are cutting spending. For those that need to visualize the lies of politicians, take a gander at this chart and try to find the cuts in spending.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436220+--+From+ZeroHedge:+Guest%20Post:%20Bread,%20Circuses,%20Spending%20Cuts,%20Unicorns%20And%20The%20Appearance%20Of%20Wealth)
Comments: 148 (http://www.zerohedge.com/news/guest-post-bread-circuses-spending-cuts-unicorns-and-appearance-wealth#comments)
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Presenting Today's 21 (At Least) Mini Flash Crashes (http://www.zerohedge.com/news/presenting-todays-21-least-mini-flash-crashes)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 17:47

Think you were the only one who could not get within 100 feet of any liquidity in today's market which bounced up and down by 5 points on any chatic whim? Think again. The day after the market saw 844 stocks (http://www.securitiestechnologymonitor.com/news/clearwire-trips-circuit-breaker-844-short-sale-restrictions-triggered-28596-1.html?ET=securitiesindustry:e2693:180629a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=SIN_DailyClose__080511)trigger short-sale restrictions (meaning they dropped more than 10% in one day), not even the robots were able to pull a rabbit out of a hat and at least 21 stocks ended up flash crashing for a millisecond or much longer during today's trading session. Below are the charts of the 21 identified victims of overzealous ask-side algos, as usual courtesy of Nanex.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436223+--+From+ZeroHedge:+Presenting%20Today%27s%2021%20%28At%20Least%29%20Mini%20Flash%20Crashes)
Comments: 31 (http://www.zerohedge.com/news/presenting-todays-21-least-mini-flash-crashes#comments)
New Comments: 31 (http://www.zerohedge.com/news/presenting-todays-21-least-mini-flash-crashes#new)
Reads: 4,668

06.08.2011, 08:34
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
S&P Downgrades US To AA+, Outlook Negative - Full Text (http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 20:27

Well, so much for the conspiracies. S&P has just released a scathing critique of the total chaos that this country's government has become. "The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability." What to expect on Monday: " it is possible that interest rates could rise if investors re-price relative risks. As a result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year bond yields relative to the base and upside cases from 2013 onwards. In this scenario, we project the net public debt burden would rise from 74% of GDP in 2011 to 90% in 2015 and to 101% by 2021." And why all those who have said the downgrade will have no impact on markets will be tested as soon as Monday: "On Monday, we will issue separate releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors." Translation: unpredictable consequences: you are welcome!

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436226+--+From+ZeroHedge:+S&P%20Downgrades%20US%20To%20AA+,%20Outlook%20Negative%20-%20Full%20Text)
Comments: 624 (http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text#comments)
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And Just Because.... "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk" (http://www.zerohedge.com/news/and-just-because-there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 20:49

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”

Geithner’s response: “No risk of that.”

“No risk?” Barnes asked.

“No risk,” Geithner said.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436227+--+From+ZeroHedge:+And%20Just%20Because....%20%22Is%20There%20A%20Risk%20The%20US%20Could%20Lose%20Its%20AAA%20Rating?%22%20Tim%20Geithner:%20%22No%20Risk%22)
Comments: 133 (http://www.zerohedge.com/news/and-just-because-there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk#comments)
New Comments: 133 (http://www.zerohedge.com/news/and-just-because-there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk#new)
Reads: 6,730
Fri, 08/05/2011 - 23:36 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/and-just-because-there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk#comment-1529463) new Manthong (http://www.zerohedge.com/users/manthong)

http://www.zerohedge.com/sites/default/files/pictures/picture-48809.gif (http://www.zerohedge.com/users/manthong)

No Risk = No Clue

...no risk - no fun :mad

06.08.2011, 08:40
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Joint Statement By The Fed, The FDIC, NCUA And OCC (http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/05/2011 - 22:16 credit union (http://www.zerohedge.com/category/tags/credit-union) Federal Deposit Insurance Corporation (http://www.zerohedge.com/category/tags/federal-deposit-insurance-corporation) Federal Reserve (http://www.zerohedge.com/category/tags/federal-reserve-0) Rating Agency (http://www.zerohedge.com/category/tags/rating-agency) Savings And Loan (http://www.zerohedge.com/category/tags/savings-and-loan) Presenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself. And for your corresponding pleasure, below are the media contact of note: Federal Reserve Susan Stawick (202) 452-2955; FDIC David Barr (202) 898-6992; NCUA David Small (703) 518-6336; OCC Bryan Hubbard (202) 874-5307

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436228+--+From+ZeroHedge:+Joint%20Statement%20By%20The%20Fed,%20The%20FDIC,%20NCUA%20And%20OCC)
Comments: 193 (http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ#comments)
New Comments: 119 (http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ#new)
Reads: 7,349
Sat, 08/06/2011 - 00:12 | http://www.zerohedge.com/sites/all/modules/slashcomments/images/permalink.gif (http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ#comment-1529549) new XenoFrog (http://www.zerohedge.com/users/xenofrog)
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It's hilarious that last week, the threat of a downgrade was all doom and gloom from these folks, and tonight it has changed to, "Fuck S&P and their ratings we don't care."

06.08.2011, 08:42
Der Giftcocktail beginnt zu wirken (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Der-Giftcocktail-beginnt-zu-wirken/story/28186094)

http://files.newsnetz.ch/story/2/8/1/28186094/7/teaserbreit.jpg?1312612786 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Der-Giftcocktail-beginnt-zu-wirken/story/28186094) Die Aktienmärkte sind in Aufruhr. Tiefe Verunsicherung, Misstrauen gegenüber der Politik und Pessimismus schaukeln sich gegenseitig hoch. Hilfe ist allenfalls noch von zwei Seiten zu erwarten. Eine Analyse......Die Finanzmärkte, und mit ihnen die Weltwirtschaft, stehen an einem Scheideweg. In nächster Zeit sind von allen Akteuren gute Nerven gefragt – immerhin diese Prognose kann bedenkenlos gewagt werden. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Der-Giftcocktail-beginnt-zu-wirken/story/28186094)

Von Robert Mayer. Aktualisiert um 07:31 Uhr

...gute Nerven :nw :rolleyes

06.08.2011, 11:09
America's Sovereign Debt Credit Rating and Interest Rate Imponderables

By James Wesley, Rawles (http://www.survivalblog.com/) on August 4, 2011 8:41 PM

I'm frequently asked what is going to happen when the U.S. Treasury's AAA credit rating is downgraded.

First, consider this news article: Moody’s Affirms U.S. Rating, Warns of Downgrade (http://www.bloomberg.com/news/2011-08-02/u-s-aaa-rating-faces-moody-s-downgrade-on-debt-economic-slowdown-concern.html).

Here are my predictions, in a nutshell:

We can expect continued credit market volatility. The recent debt limit increase did nothing to correct the basic problem. The U. S. government spends more than it takes in, so its residual payments are growing, inexorably. As this insanity continues, at some point U.S. Treasury paper will lose its AAA luster. that will initiate a very ugly chain of events that will play out something like this:

One of the major credit rating agencies will drop the credit rating, most likely to the AA+ level.
All of the other rating agencies will immediately follow suit.
Subsequent Treasury auctions may fail, or more likely rates will have to jump by 100 basis points (1%), or more.
This higher rate will ripple through the global credit market.
As the cost of borrowing money goes up, several things happen:

Global credit shrinks to the point where a full-blown liquidity crisis could develop.
Marginal enterprises fail.
Economies slow.
Stocks tumble.
Municipalities begin to declare bankruptcy.
Commercial and residential real estate both take another leg down and more foreclosures will hit the market. This will lengthen the duration of the housing slump.
Notes are called. This can cause a secondary squeeze, as everyone begins calling as many notes of their own as possible, to cover their creditor's calls.

The next phase is difficult to predict, but there are several possible outcomes:

There could be more failed public debt auctions, followed by further credit rating cuts. If that happens, the interest rates will rise repeatedly, as the cleansing of the debt market continues: "Lather, rinse, repeat." In the long run, all of the bad debt will be driven out of the system, but it will be a slow, agonizing process. Government meddling will only prolong the agony. Meanwhile, precious metals prices will rise. If there are repeated ratings cuts of U.S. Treasury paper, then I would not be surprised to see $90 per ounce silver and $1,950 per ounce gold.....

full story: http://www.survivalblog.com/2011/08/americas_sovereign_debt_credit.html

...und jetzt ist es ja passiert :oo
:thanx http://www.eldorado-edelmetalle.de/images/online.gif tomson (http://www.eldorado-edelmetalle.de/include.php?path=userinfo&id=182)

06.08.2011, 11:12
Wirtschaft: 6. August 2011, 10:26

China richtet deutliche Worte an die USA (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/china_usa_rating_bonitaet_herabstufung_1.11798062.html)

Grösster Gläubiger Amerikas kritisiert Schuldenpolitik des Landes scharf

(http://www.nzz.ch/nachrichten/wirtschaft/aktuell/china_usa_rating_bonitaet_herabstufung_1.11798062.html)Mit scharfer Kritik an der US- Schuldenpolitik hat China auf die Herabstufung der Kreditwürdigkeit der USA reagiert. Die Zeiten, als sich die USA ihre Probleme einfach durch neues Schuldenmachen vom Hals hätten schaffen können, seien endgültig vorbei.



06.08.2011, 11:31
Downgraded (http://maxkeiser.com/2011/08/06/downgraded/)

Posted on August 6, 2011 (http://maxkeiser.com/2011/08/06/downgraded/) by maxkeiser (http://maxkeiser.com/author/maxkeiser/)| 99 Comments (http://maxkeiser.com/2011/08/06/downgraded/#comments)
Stacy Summary: As Max has said over and over, the U.S. would be downgraded. And so it begins.

For first time in history, US is downgraded (http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html)

Lowering the nation’s rating one-notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.” It said the bi-partisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings later on.

Most recent appearance in which Max said American debt would be downgraded:


alan | August 6, 2011 at 8:24 am (http://maxkeiser.com/2011/08/06/downgraded/comment-page-2/#comment-353916) | More trouble every day

06.08.2011, 11:47
http://www.marcotempest.com/ :supi :supi :supi


06.08.2011, 19:29
Hiroshima unter dem Eindruck von Fukushima (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Hiroshima-unter-dem-Eindruck-von-Fukushima/story/31600996)

[/url]In Hiroshima fand das Gedenken an die Opfer des Atombombenabwurfs vor 66 Jahren erstmals unter dem Eindruck der AKW-Katastrophe in Fukushima statt. Der Ministerpräsident ging auf Distanz zur Atomenergie. Mehr... (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Hiroshima-unter-dem-Eindruck-von-Fukushima/story/31600996)

Aktualisiert um 10:02 Uhr


06.08.2011, 19:32
Der bisher schwerste Schlag der Taliban gegen US-Truppen (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Der-bisher-schwerste-Schlag-der-Taliban-gegen-USTruppen/story/25233428)

Die Taliban haben im Osten Afghanistans einen Nato-Helikopter abgeschossen und dabei 31 Amerikaner und sieben afghanische Soldaten getötet – so viele wie bei keinem anderen Zwischenfall seit Kriegsbeginn. Mehr... (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Der-bisher-schwerste-Schlag-der-Taliban-gegen-USTruppen/story/25233428)

Aktualisiert um 17:58 Uhr


06.08.2011, 19:41
Der rechte Abschied von der Politik (http://www.tagesanzeiger.ch/ausland/amerika/Der-rechte-Abschied-von-der-Politik/story/22710602)

http://files.newsnetz.ch/story/2/2/7/22710602/4/teasersmall16x9.jpg?1312651863 (http://www.tagesanzeiger.ch/ausland/amerika/Der-rechte-Abschied-von-der-Politik/story/22710602) Mit bisher unbekannter Radikalität bewirtschaftet in den USA eine neue Rechte die Krise, die sie selbst zu verantworten hat. Das stösst auch altgediente Konservative ab, für die Reagan ein Idol war.....

.....Moore schreibt: «Ich habe mehr als 30 Jahre gebraucht, um mir diese Frage zu stellen. Aber heute muss ich es tun: Hat die Linke doch Recht?» Und fährt fort: «Die Reichen werden reicher, aber die Löhne sinken. Die Freiheit, die dadurch entsteht, ist allein ihre Freiheit. Fast alle arbeiten heute härter, leben unsicherer, damit wenige im Reichtum schwimmen. Die Demokratie, die den Leuten dienen sollte, füllt die Taschen von Bankern, Zeitungsbaronen und anderen Milliardären.».....

.......Was Brooks entsetzte, war, dass die Republikaner einen gigantischen Sieg aus der Hand gaben. Sie lehnten einen fast selbstmörderischen Vorschlag Präsident Obamas ab, das Defizit durch brutale Einsparungen zu reduzieren. Und zwar, weil dabei auch Steuerlöcher gestopft werden sollten. Es war ein Vorschlag, der ihnen alles schenkte: einen Sieg ihrer Sparpolitik plus eine Spaltung der gegnerischen Partei. Stattdessen riskierten sie den Bankrott des eigenen Landes......

.....Es lohnt sich, gegen die neue Recht anzutreten: Sie sind keine konservative Partei, sondern eine revolutionäre. Sie sind eine Gefahr für die Wirtschaft. Sie sind Totengräber der Mittelklasse. Und Verbündete einer neuen Oligarchie des Geldes. Sie sind die Feinde der Zivilisation.

Ein Kommentar. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Der-rechte-Abschied-von-der-Politik/story/22710602)


Von Constantin Seibt (http://www.tagesanzeiger.ch/stichwort/autor/constantin-seibt/s.html). Aktualisiert um 15:41 Uhr 32 Kommentare (http://www.tagesanzeiger.ch/ausland/amerika/Der-rechte-Abschied-von-der-Politik/story/22710602#kommentar)

06.08.2011, 19:47
Ex-Obama Adviser Drops F-Bomb After U.S. Ratings Downgrade (http://www.huffingtonpost.com/2011/08/06/christina-romer-downgrade-standard-and-poors-bill-maher_n_920152.html)

On the same night that Standard and Poor's downgraded the United States' top-level credit rating (http://www.huffingtonpost.com/2011/08/05/downgrade-us-standard-and-poors_n_919867.html) for the first time in history, Christina Romer (http://en.wikipedia.org/wiki/Christina_Romer), former chair of Obama's Council of Economic Advisers, didn't mince words when asked of downgrade's potential consequences. (h/t NewsBusters) (http://newsbusters.org/blogs/noel-sheppard/2011/08/06/former-obama-economic-adviser-downgrade-were-pretty-darn-f-ked)

The U.S. is "pretty darn f**ked," Romer said during a segment on Real Time with Bill Maher called “How F**ked Are We?”, after Maher asked what the new could mean for the U.S. economy.

"I’ve been hanging around [Treasury Secretary] Tim Geithner too long," Romer said, explaining her foul language. Geithner, she says, swears "like a seventh grade boy."......

Watch the Real Time segment below: VIDEO

http://i.huffpost.com/profiles/148043.png?20100902114044 (http://www.huffingtonpost.com/social/blindhammer?action=comments)

blindhammer (http://www.huffingtonpost.com/social/blindhammer?action=comments)
587 Fans (http://www.huffingtonpost.com/social/blindhammer)
0 minute ago (1:40 PM)
At least someone is being honest.

06.08.2011, 21:27
Er will doch nur spielen! (http://www.tagesanzeiger.ch/zuerich/stadt/Er-will-doch-nur-spielen/story/10765087)

Es ist erstaunlich, wie viel Empörung der Hafenkran produzieren kann. Dabei gehört umstrittene Kunst zu einer ambitionierten Stadt wie Zürich. Ein Kommentar. Mehr... (http://www.tagesanzeiger.ch/zuerich/stadt/Er-will-doch-nur-spielen/story/10765087)

Von Jürg Rohrer (http://www.tagesanzeiger.ch/stichwort/autor/juerg-rohrer/s.html). Aktualisiert um 12:54 Uhr

07.08.2011, 10:12
RIOT ROCKS LONDON (http://www.huffingtonpost.co.uk/2011/08/06/tottenham-protest-turns-n_n_920271.html)
Police Cars Attacked.. Double Decker Bus Torched.. Protest Turns Violent As Protesters Clash With Police Officers (http://www.huffingtonpost.co.uk/)

.....Trouble flared after members of the community took to the streets to demand "justice", after Mark Duggan, 29, was shot dead by police on Thursday.............A local woman, who declined to give her name, said: "There's a theory going on that the man who was shot had dropped his gun, but they still shot him. I'm hearing that most of the shops in the High Road are being burgled and robbed.".....

Comments (957) (http://www.huffingtonpost.co.uk/2011/08/06/tottenham-protest-turns-n_n_920271.html#comments)
http://i.huffpost.com/profiles/1169113.png?20100816143023 (http://www.huffingtonpost.co.uk/social/captainpoco?action=comments) captainpoco (http://www.huffingtonpost.co.uk/social/captainpoco?action=comments)

1306 Fans (http://www.huffingtonpost.co.uk/social/captainpoco)

28 minutes ago (3:31 AM)

http://www*.guardian.*co.uk/uk/2*011/aug/06*/tottenham*-riots-pro*testers-po*lice (http://www.guardian.co.uk/uk/2011/aug/06/tottenham-riots-protesters-police)"
It started out as a peaceful demonstrat*ion. The police shot a guy here last week and they lied about what happened. They said he pulled a gun but he wouldn't have done that with armed police. They shot him so badly that his mother could not recognise him."
True or not, this is how many of the people there feel. A lot of these communitie*s just don't trust the police.
.....die Welt wird mehr und mehr zu einem Pulverfass :rolleyes kein Wunder :oo es gibt bald nur noch oben und unten - die Mitte wird ausgemerzt :mad

07.08.2011, 10:13
Massenproteste in Israel

Hunderttausende demonstrieren für soziale Gerechtigkeit (http://www.spiegel.de/politik/ausland/0,1518,778798,00.html)

Es sind die größten Sozialproteste, die Israel je erlebt hat: Mehr als 250.000 Menschen sind am Samstag in Tel Aviv und anderen Städten auf die Straße gegangen. Sie fordern mehr soziale Gerechtigkeit. Regierungschef :kotzNetanjahu gerät zunehmend unter Druck - und kündigt schnelle Reformen an. mehr... (http://www.spiegel.de/politik/ausland/0,1518,778798,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41316) ]

Fotostrecke: Wut auf den Straßen Israels (http://www.spiegel.de/fotostrecke/fotostrecke-71305.html)

07.08.2011, 10:14
Politik: 6. August 2011, 20:34

Aufständische erobern strategischen Ort vor Tripolis (http://www.nzz.ch/nachrichten/politik/international/libyen_aufstaendische_vormarsch_1.11803046.html)

http://www.nzz.ch/images/libyen_small_1.11803096.1312655515.jpg (http://www.nzz.ch/nachrichten/politik/international/libyen_aufstaendische_vormarsch_1.11803046.html) Erfolge 80 Kilometer vor der libyschen Hauptstadt sowie aus Brega gemeldet

Die Aufständischen in Libyen haben nach eigenen Angaben den strategisch bedeutsamen Ort Bir al-Ghanam an den Ausläufern des Nafusa-Gebirges eingenommen. Dieses liegt westlich von Tripolis und dient den Rebellen als Ausgangspunkt für den Angriff auf die Hauptstadt. ...


Ghadhafi-Sohn: Gerüchte und Dementi um Tod (http://www.nzz.ch/nachrichten/politik/international/geruechte_und_dementi_um_tod_von_khamis_al-ghadhafi_1.11785707.html)

07.08.2011, 10:22
Politik: 7. August 2011, 09:12

«Die Republikaner kämpfen mit politischen Atomwaffen» (http://www.nzz.ch/nachrichten/politik/international/fareed_zakaria_1.11806317.html)

Der ehemalige Chef von «Newsweek» Fareed Zakaria über die Krise in den USA

http://www.nzz.ch/images/fareed_zakaria_lead_1.11806753.1312700624.jpg (http://www.nzz.ch/nachrichten/politik/international/fareed_zakaria_1.11806317.html) Im Interview mit NZZ Online spricht Fareed Zakaria, der ehemalige Chef von «Newsweek», über die Krise in Wirtschaft und Politik der USA, die erheblich zu den jüngsten Kurseinbrüchen an den Weltmärkten beigetragen hat. ...



07.08.2011, 10:27
Weshalb man in Libyen eingreift und in Syrien zuschaut (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Weshalb-man-in-Libyen-eingreift-und-in-Syrien-zuschaut/story/26347552)

In Libyen waren die westlichen Kampfjets sofort zur Stelle. Der Gewalt in Syrien hingegen wird nichts entgegengesetzt. Das habe mit Bashar al-Assads mächtigen Freunden zu tun, sagt ein Experte.....

......Ghadhafi habe es sich mit den Ländern der arabischen Welt verscherzt, weil er als unberechenbarer und unzuverlässiger Exzentriker gilt, sagt Schoch. Unter al-Assad und seinem Vater Hafis galt Syrien hingegen als zumindest verlässlicher und berechenbarer Spieler im Nahen Osten. Angesichts des prekären Machtgleichgewichts im Libanon und des Nahostkonflikts überwiegen bei den arabischen Staaten offenbar die Stabilitätsinteressen.....

Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Weshalb-man-in-Libyen-eingreift-und-in-Syrien-zuschaut/story/26347552)

Aktualisiert am 06.08.2011

07.08.2011, 10:32
TWiSTeD PLaNeT oF THe APeS (http://www.zerohedge.com/contributed/twisted-planet-apes)

Posted by: williambanzai7 (http://www.zerohedge.com/users/williambanzai7)

Post date: 08/06/2011 - 23:28

I'm no better than the animals sitting in the zoo man..

.....die Affengalerie :eek:rolleyes sollte man sich ansehen :oo

07.08.2011, 10:35
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Official Calls For Change Roll In: "Fire Geithner" (http://www.zerohedge.com/news/official-calls-change-start-rolling-fire-geithner)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/06/2011 - 13:51

The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster." Zero Hedge fully endorses this perspective.

Comments: 285 (http://www.zerohedge.com/news/official-calls-change-start-rolling-fire-geithner#comments)
New Comments: 285 (http://www.zerohedge.com/news/official-calls-change-start-rolling-fire-geithner#new)
Reads: 5,304

07.08.2011, 16:25
Saturday, August 6, 2011

DOWNGRADE! WHAT'S NEXT? (http://kliguy38depression2news.blogspot.com/2011/08/downgrade-whats-next.html)

Under cover of weekend darkness the dreaded and much telegraphed downgrade of the U.S....S&P, one of the three major credit-rating firms, downgraded its rating for US debt Friday night – a move that has the potential to further spook global markets and drive up borrowing costs in the US. The reason for the downgrade, S&P said, was congressional dysfunction. headlines CSM...

If you think this was all initiated by the rating agencies.......think again. This is the same group that was present giving triple A ratings to all of the debt and companies that were literally bankrupted in 2008. Where were they rating Lehman...AIG...Bear Sterns....GE...GM...etc...?? these banks and companies were loaded with toxic debt to the tune of TRILLIONS that was collapsing under the weight of home prices and they did NOTHING. It was leveraged to the tune of 100:1 in some of these institutions. The initial drop of only 10% in home prices left them immediately bankrupted but there was NO action by the credit ratings agencies to warn us before it happened....or during the initial home price collapse. Many of you may be asking the question of what effect this will have on the system from a practical standpoint. The Fed is totally prepared for this event. We are in a DELEVERAGING cycle from unprecedented massive debt. This deleveraging is being engineered as well as any central agency can manage a catastrophe. Right now they are going to continue kicking the can while the deleveraging continues in the real economy.

Our economy is going through a structural collapse and rebuilding that will last for a decade. We have no one politically managing the fiscal side of policy. It is a disaster. Anyone that looks at this as a blame game for the current administration alone (and they do deserve plenty of blame) is ignorant of the past 30 years of public policy that destroyed the regulations and allowed an out of control banking industry to pump hundreds of Trillions of ponzi liquidity into the world. The same people that oversimplify the current situation as a democrat or republican problem still don't recognize that the entire political system is completely corrupted now. All three branches of government are now controlled by the influence of the largest corporations and a handful of "elites" (as Beck calls them) that have managed world banks and countries for more years than Count Drakula has existed. You aren't going to change that and it will continue long after this current debt debacle is over........

07.08.2011, 16:27
http://4.bp.blogspot.com/_YMBMbPxU7UQ/TM7aE7c8VXI/AAAAAAAAAEY/DYyQFoNPPSc/S45/darth-vader-face.jpg (http://www.blogger.com/profile/00694442242807509636)
kliguy38 (http://www.blogger.com/profile/00694442242807509636) said... Every trade has two events. One is in and the other may be diversification. I dedicate myself to seeing that clearly for you. A virtual reserve currency is coming. You will not be able to own or trade that virtual reserve currency as you have been able with the dollar. Gold will be attached to that virtual reserve currency via a broad measure of world liquidity. It will be something akin to a planetary measure of liquidity as M3 was in the past for the dollar. That linkage, which is not convertibility, will translate into price, but no central bank of any nation will need to add to or delete from their then reserves.
The Goldmans of the world will invent OTC derivatives and maybe even a listed second derivative to speculate on word liquidity via the gold price. There will be no 1980 type collapse in the gold price. Over valuation which occurs in all bull markets might be by 20%. This will result in producing gold mining shares becoming the utilities of 2016 onward.


THIS is from Santa

August 6, 2011 10:19 AM (http://kliguy38depression2news.blogspot.com/2011/08/downgrade-whats-next.html?showComment=1312643949681#c6216619888118769408)

07.08.2011, 17:09
Sen. John Kerry: This Is The ‘Tea Party Downgrade’ (http://thinkprogress.org/politics/2011/08/07/289962/sen-john-kerry-its-the-tea-party-downgrade/) | Appearing on Meet the Press today, Sen. John Kerry (D-MA) slammed Republicans’ and the Tea Party’s intransigence and hostage taking on negotiating over the debt, calling S&P’s downgrade of U.S. debt the “Tea Party downgrade”:

Visit msnbc.com for breaking news (http://www.msnbc.msn.com/), world news (http://www.msnbc.msn.com/id/3032507), and news about the economy (http://www.msnbc.msn.com/id/3032072)

Indeed, S&P said (http://thinkprogress.org/economy/2011/08/05/289861/breaking-s-p-downgrades-u-s-credit-for-the-first-time-in-history-repeatedly-cites-gop-intrasigence-on-taxes/) it made the move in part because Republicans took the debt ceiling hostage and refused to consider raising taxes.

By Alex Seitz-Wald (http://thinkprogress.org/author/alex-seitz-wald/) on Aug 7, 2011 at 10:36 am

07.08.2011, 18:09
07 August 2011

It's the Unfunded Wars and the Financial Fraud, and the Unwillingness to Reform (http://jessescrossroadscafe.blogspot.com/2011/08/its-unfunded-wars-and-financial-fraud.html)

Yes, the US has some long term issues with Social Security and Medicare.

Social Security is being strangled by the refusal to raise the income limit on the Social Security withholding tax in response to the gradual creep of inflation. If this limit was raised periodically the Social Security 'problem' would be resolved.

One could consider 'means-testing,' not providing benefits to the wealthy, but that strikes to the heart of the program, which is not an 'entitlement' but as an insurance trust, distributed uniformly to all participants.

Medicare and in particular the drug portions of the program added by the Bush II administration are driving costs much higher. And this is more of a problem because of the structural cost problems in US healthcare system. Big Pharma in the US is a powerful lobbying force, and Americans pay MUCH higher costs per benefit for their health care services. This is inhibiting the steps that are needed to restructure the US healthcare system.

But Social Security and Medicare, without the drug program, have not substantially changed since the 1990's, when the US was running a budget surplus, and then Fed Chairman Greenspan was reassuring the public that the Fed had a plan to deal with the lack of debt.

So what changed?

The repeal of Glass-Steagall and the growth of unregulated financial products, the co-opting of the regulatory agencies, the growth of corporate influence in Washington, and two unfunded and very costly wars of long duration, based largely on lies and distortions based on a terror attack by a small group of people, coupled with tax cuts for the wealthy.

There is relatively little discussion, much less investigation, indictments and convictions, from one of the largest financial frauds in history.

And within twelve months of the crisis breaking, Wall Street bonuses were back to record levels, even as the rest of the country began its long downward spiral into debt, downgrade, and despair.

That is the long and short of it. And it bodes ill that these issues are so infrequently mentioned in the political and economic discussions circling Washington and New York today.

Rational discussion and factual analysis has been overwhelmed by a well funded program of propaganda and sloganeering, and bought and paid for politicians and media which serve to direct the discussions according to the program of the monied interests.

And this is why the outlook for the US is so negative. Governance has failed, the system has been thoroughly corrupted or co-opted, and the planning and discussions cannot gain traction. Some have recently referred to Obama's clarity gap because it is so unclear what he stands for, what principles he is willing to fight for.

The politicians of both parties, the media, and the business leadership are caught in a credibility trap in which the root causes cannot even be discussed, must less addressed, because they have all been involved in or benefited from a massive injustice in the financial frauds. They are complicit, and cannot act openly and honestly for fear of losing control of the debate, and of subsequent discovery."Every thing secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity."

Lord Acton
And who do we see on American television this morning, providing economic advice and promoting the Wall Street prescription for a cure through a return to more bank deregulation? The angel of economic death, Alan Greenspan, a man without shame or honor as one of the great authors of the misrepresentations and mismanagement that led US into the financial crisis which rewarded the few at the expense of the many.

The real issue at the end of the day is reform. The US has been led down a dark alley and strangled in what history may recognize as a financial coup d'etat, and a campaign of economic war against the common people.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained recovery.

Posted by Jesse at 10:51 AM (http://jessescrossroadscafe.blogspot.com/2011/08/its-unfunded-wars-and-financial-fraud.html) :verbeug:supi

07.08.2011, 18:32
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Citi Battens Down The Hatches, Prepares For Global Risk Offness In A Few Short Hours (http://www.zerohedge.com/news/citi-which-battens-down-hatches-prepares-global-risk-offness)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/07/2011 - 11:43 Australia (http://www.zerohedge.com/category/tags/australia) Brazil (http://www.zerohedge.com/category/tags/brazil) CDS (http://www.zerohedge.com/taxonomy/term/142) Central Banks (http://www.zerohedge.com/category/tags/central-banks) Debt Ceiling (http://www.zerohedge.com/category/tags/debt-ceiling) default (http://www.zerohedge.com/taxonomy/term/7) European Central Bank (http://www.zerohedge.com/category/tags/european-central-bank) Eurozone (http://www.zerohedge.com/category/tags/eurozone) Federal Reserve (http://www.zerohedge.com/category/tags/federal-reserve-0) France (http://www.zerohedge.com/category/tags/france) Gross Domestic Product (http://www.zerohedge.com/category/tags/gross-domestic-product) International Monetary Fund (http://www.zerohedge.com/category/tags/imf-strategists/imf/gse/gorelick/gm/ge/gdp/gbp/activist/international-monetary-fund) Italy (http://www.zerohedge.com/category/tags/italy) Market Sentiment (http://www.zerohedge.com/category/tags/market-sentiment) Mexico (http://www.zerohedge.com/category/tags/mexico) None (http://www.zerohedge.com/taxonomy/term/118) Norway (http://www.zerohedge.com/category/tags/norway) Price Action (http://www.zerohedge.com/category/tags/price-action) Rating Agencies (http://www.zerohedge.com/category/tags/rating-agencies) ratings (http://www.zerohedge.com/category/tags/ratings) Steven Englander (http://www.zerohedge.com/category/tags/steven-englander) Citi's head FX guy Steven Englander is barely back to the US, and already is pouring the daily dose of fire and brimstone (much deserved) into a market that after nearly 2.5 years of unprecedented complicity, is about to realize that every escalator action has an equal and opposite express elevator reaction (oh, and those same HFTs that make money in an upward momentum environment, are just as effective at putting a minus sign in front of all their signals, wink wink). Some key soundbites from his just released note on what to expect (spoiler alert: nothing good): "The accelerated timing is a surprise and comes at a point at which global market sentiment is extremely weak, so it seems more likely that the reaction in markets will be negative than positive" ..."there may be concern in FX markets that the EUR AAAs are not solid, given the political and economic issues facing the euro zone and how conditions have worsened since the agencies last commented on ratings"..."a downward shock to markets is likely to be USD positive in the near term. This is hardly USD positive once things settle down, but before they settle down, the short term will likely dominate the long-term"..."The odds are that the week will start with FX investors challenging the SNB and MoF to intervene in size"... most importantly, why Europe is sweating bullets after the last bailout attempt announced from Friday has now gone up in flames and the EFSF is seen as being on edge of functionality: "In terms of FX market impact, the biggest would come from a downgrade of one of the AAA eurozone countries who back the EFSF’s AAA rating. This would mean either dropping the EFSF AAA or increasing the contributions of the remaining AAA."and on the topic of everyone's most favorite Federal Reserve: "A Fed response is likely to emerge only if there is turmoil in markets." And here we were warning anyone who cared to listen that the Fed needs a 25% correction before QE3 comes. Well, you may just get it very soon.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436257+--+From+ZeroHedge:+Citi%20Battens%20Down%20The%20Hatches,%20Prepares%20For%20Global%20Risk%20Offness%20In%20A%20Few%20Short%20Hours)
Comments: 14 (http://www.zerohedge.com/news/citi-which-battens-down-hatches-prepares-global-risk-offness#comments)
New Comments: 15 (http://www.zerohedge.com/news/citi-which-battens-down-hatches-prepares-global-risk-offness#new)
Reads: 615

07.08.2011, 19:08
Posse um einen angeblichen Rechenfehler (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Posse-um-einen-angeblichen-Rechenfehler/story/26778477)

http://files.newsnetz.ch/story/2/6/7/26778477/7/teaserbreit.jpg?1312736394 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Posse-um-einen-angeblichen-Rechenfehler/story/26778477) Die US-Regierung wirft Standard & Poor's vor, sich bei der Herabstufung der Kreditwürdigkeit um zwei Billionen Dollar verrechnet zu haben. Darauf komme es auch nicht mehr an, kontert die Ratingagentur.....

.....Auch für Milliardär Warren Buffett hat die Entscheidung von Standard & Poors keinen Sinn. «Wenn es eine vierfache A-Note gäbe, würde ich sie den USA geben», sagte Buffett. :rolleyes

Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Posse-um-einen-angeblichen-Rechenfehler/story/26778477)

Aktualisiert vor 3 Minuten

...na dann wird Moodys wohl A(lles)A(m)A(rsch) (gracias salazie ;)) beibehalten :oo

07.08.2011, 19:12
Russland fordert von Israel Baustopp in Ostjerusalem (http://www.extremnews.com/nachrichten/weltgeschehen/7ee5138f6202084)

http://www.extremnews.com/nachrichten/weltgeschehen/7ee5138f6202084/708e138f63b4992/image_article (http://www.extremnews.com/nachrichten/weltgeschehen/7ee5138f6202084) Das russische Außenministerium hat Israel am Samstag dazu aufgerufen, sämtliche Bauaktivitäten in Ostjerusalem zu stoppen. Moskau werte die israelische Siedlungspolitik als einen Versuch, neue Realitäten zu schaffen und auf die Verhandlungen mit den Palästinensern über den Status der Region einzuwirken, so das Moskauer Außenamt. Weiter ... (http://www.extremnews.com/nachrichten/weltgeschehen/7ee5138f6202084)
06.08.2011 17:50

07.08.2011, 19:15
Israel: "Volk will soziale Gerechtigkeit"

Israels Mittelstand will sich mit den steigenden Kosten für Wohnung und Lebensmittel nicht mehr abfinden.

Letztes Update am 07.08.2011, 17:30

http://kurier.at/mmedia/2011.08.07/1312730916_5.jpg Fotostrecke: 12 Bilder (http://kurier.at/multimedia/bilder/4067503.php) Mit Kochtöpfen und Transparenten marschierten Hunderttausende Israelis gegen soziale Ungerechtigkeit
Es sind die größten sozialen Proteste in Israel. In der Nacht auf Sonntag gingen mehr als 300.000 Menschen in Tel Aviv und in anderen Städten auf die Straßen, um auf ihre Not mit den Lebenshaltungskosten aufmerksam zu machen. Die Regierung ist unter Druck und hat nun einen Expertenrat eingesetzt. Er soll die Forderungen der Demonstranten prüfen und konkrete Lösungen sowie Reformen ausarbeiten. Vorsorglich warnte Premier Benjamin Netanjahu: "Wir können unmöglich alle erfüllen."....

ganzer Artikel: http://kurier.at/nachrichten/4067568.php

07.08.2011, 19:20
Blutiger Sonntag in Syrien (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Blutiger-Sonntag-in-Syrien/story/19748052)

http://files.newsnetz.ch/story/1/9/7/19748052/5/teasersmall16x9.jpg?1312736394 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Blutiger-Sonntag-in-Syrien/story/19748052) Verschiedenen Quellen zufolge haben syrische Sicherheitskräfte heute über 50 Menschen getötet. Die Regierung verspricht baldige «freie und faire» Wahlen – doch international verschärft sich der Ton. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Blutiger-Sonntag-in-Syrien/story/19748052)

Aktualisiert vor 27 Minuten


07.08.2011, 21:44
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Joint Statement From Merkel And Sarkozy On Global Financial Crisis (http://www.zerohedge.com/news/joint-statement-merkel-and-sarkozy-global-financial-crisis)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/07/2011 - 15:03 European Central Bank (http://www.zerohedge.com/category/tags/european-central-bank) Italy (http://www.zerohedge.com/category/tags/italy) Nicolas Sarkozy (http://www.zerohedge.com/category/tags/nicolas-sarkozy) Below is the full text of the joint French-German statement attempting to prevent another European market collapse. Next up are comparable statements from the ECB and from theG7. We expect many more before the night is out.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436267+--+From+ZeroHedge:+Joint%20Statement%20From%20Merkel%20And%20Sarkozy%20On%20Global%20Financial%20Crisis)
Comments: 55 (http://www.zerohedge.com/news/joint-statement-merkel-and-sarkozy-global-financial-crisis#comments)
New Comments: 55 (http://www.zerohedge.com/news/joint-statement-merkel-and-sarkozy-global-financial-crisis#new)
Reads: 1,014

07.08.2011, 21:48
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen (http://www.zerohedge.com/news/dollar-tumbling-record-low-against-swiss-franc-new-lows-against-yen)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/07/2011 - 15:24 Capital Markets (http://www.zerohedge.com/category/tags/capital-markets) Swiss Franc (http://www.zerohedge.com/category/tags/swiss-franc) Yen (http://www.zerohedge.com/category/tags/yen) http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Screen%20shot%202011-08-07%20at%202.55.05%20PM.png

For an early look at the risk aversion gripping the market look no further than the USDCHF and the USDJPY, the first of which just took out 0.75, and the second now almost at BOJ intervention levels. Ironically, since the math Ph.D.s have still not recalibrated their models, it is very likely that the collapse in the dollar will lead to an explosion in ES courtesy of the inverse correlation, which will once and for all confirm that global capital markets and now nothing but a robotic circus.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436268+--+From+ZeroHedge:+Dollar%20Tumbling%20To%20Record%20Low%20Against%20Swiss%20Franc,%20New%20Lows%20Against%20Yen)
Comments: 19 (http://www.zerohedge.com/news/dollar-tumbling-record-low-against-swiss-franc-new-lows-against-yen#comments)
New Comments: 19 (http://www.zerohedge.com/news/dollar-tumbling-record-low-against-swiss-franc-new-lows-against-yen#new)
Reads: 472
by RedPirate (http://www.zerohedge.com/users/redpirate)
on Sun, 08/07/2011 - 15:33
#1533579 (http://www.zerohedge.com/news/dollar-tumbling-record-low-against-swiss-franc-new-lows-against-yen#comment-1533579)
I guess you could reach mr. Hildebrand now in his office, if you tried...:rolleyes

07.08.2011, 22:14
THe S&P RaTiNG MoDeL SiMPLiFieD (http://www.zerohedge.com/contributed/thhe-sp-rating-model-simplified)

Posted by: williambanzai7 (http://www.zerohedge.com/users/williambanzai7)
Post date: 08/07/2011 - 13:04
So simple Einstein can understand it...

07.08.2011, 22:15
....morgen ist ein neuer Tag :ignore

08.08.2011, 07:00
....scheint alles doch (noch) nicht so schlimm zu sein :rolleyes

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
China Enters Bear Market (http://www.zerohedge.com/news/china-enters-bear-market)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/07/2011 - 23:09 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/SHCOMP.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/SHCOMP.jpg)That is all.

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Comments: 95 (http://www.zerohedge.com/news/china-enters-bear-market#comments)
New Comments:

08.08.2011, 07:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels (http://www.zerohedge.com/news/so-much-qe2-futures-indexed-dollar-devaluation-are-now-back-jackson-hole-levels)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/07/2011 - 23:34 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/ES%208.7.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/ES%208.7.jpg)

While the notional level of the market is still modestly higher than late August 2010, when indexed for that other component which everyone always forgets, yet which is an integral part of any net purchasing power calculation, the devaluation of the dollar, the S&P is now precisely at the levels at which Bernanke let QE2 loose with his Jackson Hole speech. Which means the time for QE3 has come. Of course, the notional value at the end will be that little bit higher, offset by yet another major drop in the value of the AA+ (outlook negative) US currency.

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Comments: 70 (http://www.zerohedge.com/news/so-much-qe2-futures-indexed-dollar-devaluation-are-now-back-jackson-hole-levels#comments)
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08.08.2011, 07:06
Politik: 8. August 2011, 06:23

Saudiarabien zieht Botschafter aus Syrien ab (http://www.nzz.ch/nachrichten/politik/international/saudiarabien_zieht_botschafter_aus_syrien_ab_1.11819520.html)

http://www.nzz.ch/images/bashar_al-asad_koenig_abdullah_small_1.11819676.1312777028.jpg (http://www.nzz.ch/nachrichten/politik/international/saudiarabien_zieht_botschafter_aus_syrien_ab_1.11819520.html) Der weltweite Druck auf das Asad-Regime wird intensiviert

(http://www.nzz.ch/nachrichten/politik/international/saudiarabien_zieht_botschafter_aus_syrien_ab_1.11819520.html)Angesichts des brutalen Vorgehens der syrischen Führung gegen regierungskritische Demonstranten zieht Saudiarabien seinen Botschafter aus Damaskus ab. Der saudiarabische Botschafter in Syrien werde «zu Konsultationen» abgezogen, erklärte König Abdullah.

(dpa/sda/afp) Der internationale Druck auf das Regime des syrischen Präsidenten Bashar al-Asad wird stärker. Nach Uno-Generalsekretär Ban Ki Moon, Papst Benedikt XVI. und führenden westlichen Politikern hat nun auch der saudische König Abdullah zu raschen und radikalen Reformen in Syrien aufgerufen. «Die Todesmaschinerie und das Blutvergiessen müssen gestoppt werden», verlangte Abdullah in einer vom staatlichen Fernsehen übertragenen Rede am Sonntagabend.....

....endlich eine klare Stellungnahme :oo


08.08.2011, 07:08
+++ Liveticker +++:rolleyes

Asien-Börsen auf breiter Front im Minus (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,778883,00.html)

Trotz aller Krisengespräche und Stabilisierungsbemühungen auf höchster Ebene - der Kursrutsch an den Börsen geht weiter. Die Indizes in Japan, Hongkong und Australien verlieren bis zu vier Prozent. Die Entwicklungen an den Märkten im Liveticker. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,778883,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41362) ]

08.08.2011, 07:14
Martin Armstrong meint:

DID Standard & Poor Shoot itself in the foot by downgrading the USA from AAA to AA+?

Copyright August 6th, 2011

.....The credit rating agency Standard & Poor's has stripped the USA of its top-notch AAA credit rating, downgrading it to AA+ and WARNING of further future LONG-TERM downgrades because of political and economic uncertainty within the nation. This was a bold unilateral move no doubt, and one that seems to be a desperate action to perhaps regain a reputation that was tarnished by the Mortgage Crisis. Now they are strangely trying to get out in front of the curve. It most assuredly appears to be political in nature and can backfire for this is dealing with the RESERVE CURRENCY upon which the entire world is constructed. This ain’t Kansas, Greece, Spain, or Ireland for that matter Dorothy!
The astonishing downgrade by S&P, one of the three credit agencies in opposition to its competition, concerns the world's RESERVE CURRENCY and teetering Financial Capital of the World. To do this on anticipation was questionable but it came late on Friday night but it was obviously running around the halls of Wall Street in advance. S&P notified the US Treasury on Friday afternoon that it was planning to lower the credit rating, according to government officials, and the company sent a draft of its analysis to the White House. The White House sprang into action trying to convince S&P that its figures were faulty. Any hint of this news was confined to the rumor mill as it did not appear on TV. White House officials argued they discovered a $2 trillion hole in their calculations and briefed journalists. Nonetheless, they failed to win a delay from S&P that proceeded with the downgrade. Defending itself against attack by the Treasury, S&P later issued a statement flatly rebutting the criticism, saying it "had no impact on the rating decision" and effectively they dug in their heels. Whether or not this has any future impact upon the US debt market remains debatable since it is ONLY one out of three credit ratings. This means that nothing has to be changed insofar as can US Treasurys be acceptable in REPO and as collateral at exchanges. That is a given since these markets would not exist without US Treasurys. Thus, S&P will just be ignored.
In this respect, S&P may have shot themselves in the foot for it is unlikely that suddenly the markets will follow S&P’s lead. The intraday price action shows professionals covered shorts after 12noon. Where else do you park big money? TBills are acceptable by exchanges for collateral. If they stopped accepting Treasurys there would be no market and the hedge funds would be out of business. So it is hard to see precisely what S&P stood to gain except bravado and such bragging rights could be turned on their head into an allegation that they now caused the problem.....

full story: http://www.martinarmstrong.org/files/Standard and Poors Downgrade 08-06-2011.pdf (http://www.martinarmstrong.org/files/Standard%20and%20Poors%20Downgrade%2008-06-2011.pdf)

08.08.2011, 07:21
(http://www.huffingtonpost.com/2011/08/07/geithner-sp-showed-terrible-judgment_n_920648.html) Turbulenzen an Finanzmärkten

Industriestaaten kämpfen gegen den Crash (http://www.spiegel.de/wirtschaft/0,1518,778884,00.html)


Erst kündigte die EZB Schritte zur Beruhigung der Finanzmärkte ein, jetzt haben sich auch die sieben führenden Industriestaaten eingeschaltet: Sie einigten sich auf ein gemeinsames Programm gegen extreme Kursschwankungen - doch die Börsen in Asien starteten erneut mit Verlusten. mehr... (http://www.spiegel.de/wirtschaft/0,1518,778884,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41366) ]

08.08.2011, 07:22
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Japan Rice Futures Surge 40%, Trigger Circuit Breaker On Concerns Fukushima Radiation Will Destroy Crops (http://www.zerohedge.com/news/japan-rice-futures-surge-40-trigger-circuit-breaker-concerns-fukushima-radiation-will-destroy-c)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 00:22 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Rice%20Futures.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Rice%20Futures.jpg)

70 years after rice futures trading was halted on the Tokyo Grain Exchange, it was finally reopened today... only to be halted immediately. The reason: concerns that Fukushima radiation would destroy rice crops and collapse supply sent the contract price soaring from the reference price of Y13,500 to a ridiculous Y18,500 at which point it was halted. Note the tick chart below which puts any of our own stupid vacuum tube-induced HFT algos to outright shame. That said, the move should not come as a surprise at least to our readers after we predicted the day Fukushima blew up (and even before (http://www.zerohedge.com/article/rice-next)) that very soon rice prices would surge to record highs. Little by little, that realization is dawning on everyone.

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Comments: 77 (http://www.zerohedge.com/news/japan-rice-futures-surge-40-trigger-circuit-breaker-concerns-fukushima-radiation-will-destroy-c#comments)
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08.08.2011, 07:27
Beschränkte Börsen-Verluste nach G7-Zusagen (http://www.cash.ch/news/front/beschraenkte_boersenverluste_nach_g7zusagen-1064225-449)

http://www.cash.ch/services/img/news/235/7687_B%C3%B6rse%5FBoerse%5FTokyo%5FAsien.jpg 08.08.11, 04:59

Trotz aller internationalen Bemühungen um eine Beruhigung der Finanzmärkte hat sich die Talfahrt der Börsen auch zu Wochenbeginn in Fernost fortgesetzt. Allerdings nicht so schlimm wie erwartet. mehr » (http://www.cash.ch/news/front/beschraenkte_boersenverluste_nach_g7zusagen-1064225-449)

Momentaufnahme: http://finance.yahoo.com/intlindices?e=asia

08.08.2011, 07:33
Franken gegen Euro stabil - neuer Rekord zum Dollar (http://www.cash.ch/news/front/franken_gegen_euro_stabil_neuer_rekord_zum_dollar-1064224-449)

http://www.cash.ch/services/img/news/235/5183_Franken%5FDollar%5FGeld.jpg Aktualisiert vor 26 Minuten

Daniel Hügli - Der Franken hat im frühen Handel in Fernost am Montag gegen den Dollar einen neuen Rekord erzielt. Gegen den Euro hielt sich der Franken auf konstantem Niveau. mehr » (http://www.cash.ch/news/front/franken_gegen_euro_stabil_neuer_rekord_zum_dollar-1064224-449)


08.08.2011, 07:43
Magazin: Bürgerrechtler Jesse Jackson greift Präsident Obama an (http://www.extremnews.com/nachrichten/weltgeschehen/6a6138fc6fac47)

http://www.extremnews.com/nachrichten/weltgeschehen/6a6138fc6fac47/6ea7138fc716c80/image_article (http://www.extremnews.com/nachrichten/weltgeschehen/6a6138fc6fac47) Als Barack Obama im November 2008 im Grant Park von Chicago seine Wahl zum Präsidenten der USA annahm, da gehörte zu den Hunderttausenden Zuhörern auch der Bürgerrechtler Jesse Jackson, der damals vor Rührung hemmungslos weinte. Heute, so sagt er, sei "von der positiven Energie dieser Nacht nicht mehr viel übrig". Weiter ... (http://www.extremnews.com/nachrichten/weltgeschehen/6a6138fc6fac47)
08.08.2011 07:15

......"bislang einfach nicht genug Rückgrat gezeigt" - leider :rolleyes:mad

08.08.2011, 07:52
G7-Finanzminister wollen Märkte stabilisieren

http://www.cash.ch/services/img/news/235/5825_Devisen%5FEuro%5FFranken%5FDollar.jpg (http://www.cash.ch/news/topnews/g7finanzminister_wollen_maerkte_stabilisieren-1064245-771)
08.08.11, 06:32
(http://www.cash.ch/news/topnews/g7finanzminister_wollen_maerkte_stabilisieren-1064245-771)Die Finanzminister der G7 haben sich in einer Telefonkonferenz in der Nacht zum Montag zu ihrer Verantwortung für stabile Aktienmärkte bekannt. (http://www.cash.ch/news/topnews/g7finanzminister_wollen_maerkte_stabilisieren-1064245-771)

Die G7 würden bei Bedarf "koordiniert eingreifen", um Liquidität zu sichern und um das Funktionieren der Finanzmärkte zu unterstützen, heisst es unter anderem in einer am Morgen in Tokio verbreiteten gemeinsamen Erklärung. Wie Japans Finanzminister Yoshihiko Noda erklärte, hatte er kurz vor Handelsbeginn an der Tokioter Börse mit seinen Kollegen telefoniert.

Die Minister vereinbarten zudem, dass sie in den kommenden Wochen weitere Stabilisierungsmassnahmen erörtern wollten. "Wir bleiben in den kommenden Wochen in engem Kontakt werden entsprechend kooperieren, bereit zum Eingreifen, um Stabilität und Liquidität der Finanzmärkte zu sichern", heisst es in der Erklärung weiter.

Die Finanzminister und Zentralbankchefs der G7 seien sich einig, dass eine übermässige Unbeständigkeit der Märkte die Weltwirtschaft gefährden könne. Zur G7 gehören Japan und die USA, sowie Deutschland, Italien, Grossbritannien, Frankreich und Kanada.

08.08.2011, 07:59
...muss ich auch festhalten ;)

08.08.2011, 08:12
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Bill Gross Tells The Truth: "S&P Finally Got It Right. They Are Enforcing Some Discipline. My Hat Is Off To Them" (http://www.zerohedge.com/news/bill-gross-tells-truth-sp-finally-got-it-right-they-are-enforcing-some-discipline-my-hat-them)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 00:59 After all the hollow rhetoric and scapegoating over the past few days about S&Ps "treasonous act" from Friday, we were delighted to finally hear one person say the truth. "I have been criticizing them and Moody's and Fitch for a long time. Moody's and Fitch are on the "S" list. I think S&P finally demonstrated some spin. S&P finally got it right. They spoke to a dysfunctional political system and deficits as far as the eye can see. They are enforcing some discipline. My hat is off to them." The person in question: PIMCO's Bill Gross, who says what everyone is thinking but afraid to say it for fear it would insult our oh so sensitive, and so incompetent, administration. Because if criticizing S&P over being far too late to the subprime party is justified, at least they have the guts (unlike those tapeworms from Moody's) to finally step against the tide of conventional sycophantic wisdom and tell everyone even a modest part of the whole truth. If that is not the first step toward penitence, then nothing is. And yes, America's real credit rating at the current level of deficit accumulation most certainly does not begin with the letter A, or B or even C for that matter. Because what America is doing is heading straight for default, however not by officially filing in the Southern District of New York, but by terminally hobbling its own currency in hopes of stimulating rampant inflation thereby cutting its debt load through devaluation. A sad side effect of that of course is the wipe out of its own middle class as well. But all is fair in love and preserving the wealth of the status quo.


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08.08.2011, 08:32
Reis nur aus dem Vorjahr

In Tokio hat das Erdbeben vom 11. März nur wenige sichtbare Schäden angerichtet. Die langfristigen Folgen prägen inzwischen jedoch das Leben in Japans Hauptstadt. :rolleyes

Von Christoph Neidhart, Tokio

Wenn Tokioter Familien am Samstagabend essen gehen, dann zum «Koreaner», wo sie Fleisch auf einem Tischgrill selber braten. Vor allem Rindfleisch. Wird der «Koreaner» von Japanern geführt, heisst er «Yaki-nikku», «gebratenes Fleisch». Aber auch die Yaki-nikku servieren koreanische Küche.

Beim Amiyakitei, einem grossen Yakinikku in Sakuragaoka an der achten Ringstrasse, musste man bisher auf einer Bank eine Stunde Schlange sitzen. Nun ist das Lokal zu zwei Dritteln leer. Im kleinen Noto-ichi in der Nähe sassen am Samstag trotz Sonderangeboten nur vier Studenten. Gefragt, woher das Rindfleisch komme, holt der Kellner den Chef. «Nicht aus Fukushima», versicherte dieser. Mehr will er nicht sagen.

Weil man im Landwirtschaftsministerium nicht merkte, dass Reisstroh, wenn es im Freien gelagert wird, auch radioaktiv verseucht sein dürfte, wenn das Blattgemüse aus der Region kontaminiert ist, sind die Schlachtkörper von mehr als 3000 Rindern, die mit verstrahltem Stroh gefüttert wurden, in den Handel gelangt, und da das Stroh weiterverkauft wurde, nicht nur Rindfleisch aus Fukushima, sondern aus etwa zehn Präfekturen. Deshalb gehen viele Japaner, die den Versicherungen der Regierung, alles sei harmlos, nicht mehr trauen, nicht mehr zum Yaki-nikku.

Das grosse Erdbeben vom 11. März hat in Japans Hauptstadt nur geringe Schäden angerichtet. Wenige Gebäude wurden beschädigt; einige Strassen waren vorübergehend gesperrt, manche Dächer mussten repariert werden, Gartenmauern sind instabil geworden. Nach jedem der vielen, meist schwachen Nachbeben, die Tokio noch immer erschüttern, prüft der Hausbesitzer die sich immer stärker neigende Mauer.

Die Regierung beruhigt

Dem flüchtigen Betrachter präsentiert sich Tokio, als sei alles beim Alten. Blickt er genauer hin, entdeckt er, wie beim Yaki-nikku, viele Kleinigkeiten, die sich geändert haben. Im Soba-Restaurant gibt es seit dem Tsunami kein Mekabu mehr: junge Seealgen, die im Sommer zu kalten Buchweizen-Nudeln gegessen werden. Es wird lange dauern, bis die Aquakulturen im Nordosten wiederaufgebaut sind. Auch Sushi vom Sanma, der «pazifischen Hechtmakrele», auch ein Sommergericht, sucht man vergeblich.

Nicht nur beim Yaki-nikku, auch im Supermarkt machen sich vor allem Mütter Sorgen um verstrahlte Lebensmittel. Sie bleiben lange vor den Fisch- und Gemüseregalen stehen und prüfen die Herkunft der Waren. Und lassen auch Lebensmittel aus den Nachbarpräfekturen von Fukushima liegen. Milch und Butter von der Nordinsel Hokkaido dagegen ist oft ausverkauft. Ist welche da, kaufen sie Vorräte. Seine Frau tue dies auch, bekennt ein Regierungsbeamter im privaten Gespräch, der als Amtshandlung im Frühjahr demonstrativ Gemüse aus Fukushima ass. Doch als eine junge Mutter auf einer Einladung erzählt, sie meide Lebensmittel aus Tohoku, weist eine ältere Dame sie zurecht: Darüber rede man nicht.

Obwohl die Regierung die Menschen zu beruhigen versucht, reden immer mehr Leute von der Radioaktivität, die in Lebensmitteln stecken könnte. Sie sind verunsichert, wissen nicht, wieweit sie der Regierung glauben sollen, die sagt, alles sei ungefährlich. In ganz Japan organisieren sich «Mütter zum Schutze der Kinder vor Radioaktivität». Das ist noch keine politische Bewegung, aber die Frauen sind mobilisiert.

In vielen kleinen Gärten von Tokio verfaulen die Früchte, Biwa und Pflaumen, die im Frühsommer reifen, heuer an den Bäumen. Die Leute wagen nicht, sie zu ernten, weil sie in den Tagen sprossen, als die Radioaktivität auch in Tokio etwas erhöht war. Ist nicht der Tee aus einer Gegend weit westlich von Tokio auch verstrahlt?, fragt ein Nachbar.

Und am Samstag wurde bekannt, dass die Reisläden, spezialisierte Geschäfte, die nichts anderes verkaufen als Reis, in denen es im Juli und August normalerweise ruhig ist, heuer doppelt so viel Reis verkaufen als im Vorjahr. Die Japaner, notorisch heikle Konsumenten, wollen kurz vor der neuen Ernte eigentlich keinen Reis vom vorigen Jahr. Doch nun horten sie «alten» Reis, jenen aus dem Vorjahr, weil sie fürchten, der neue sei verstrahlt. Das Versprechen der Regierung, den neuen Reis zu testen, vermochte das Horten nicht zu stoppen.

Tokio spart Strom

Auf den ersten Blick wirken auch die Strassen, Bahnhöfe und Läden, als sei alles beim Alten. Bis einem auffällt: Die Werbung leuchtet zwar, aber selbst im Vergnügungsviertel Ikebukuro bleibt jede zweite Strassenlaterne ausgeschaltet. Viele Rolltreppen stehen still – in Stationen und Kaufhäusern leuchten weniger Lampen. Da nur noch 16 von 54 Reaktoren am Netz hängen, muss Japan – besonders Tokio – Strom sparen; «Setsuden» heisst das, zweifellos das Schlagwort der Saison.

Die Schulen haben Setsuden-Merkblätter abgegeben; sie drillen die Kinder, die Lichter zu löschen und selbst bei Hitze möglichst auf Klimaanlagen zu verzichten. Dabei hilft, wie immer in Japan, der Gruppendruck. Ämter, Institute, Fitnessstudios und Büros werden höchstens noch auf 28 Grad Celsius heruntergekühlt. Cool-Biz – die Kleiderordnung für den Sommer, die es den Angestellten in Firmen und Ämtern seit einigen Jahren erlaubt, im Kurzarmhemd ohne Krawatte zu arbeiten – ist weiter gelockert worden: Theoretisch darf man nun in Hawaiihemd und Shorts ins Büro.

Tokio konsumiert derzeit 20 bis 25 Prozent weniger Elektrizität als voriges Jahr. Von einer Regierungs-Website (Setsuden.go.jp) wissen die Leute jederzeit, wie viel Strom gerade fliesst. Am Freitag stieg der Verbrauch bei 33 Grad im Versorgungsgebiet von Tepco auf 41,5 Gigawatt: 82 Prozent der Kapazität. Die Getränkeautomaten, die überall stehen, sind tagsüber nicht mehr beleuchtet, die Getränke weniger kalt. Nur die Pachinko-Hallen mit ihren Spielautomaten sind so hell und laut wie eh und je.

Der Industrie und anderen Grossbetrieben schrieb die Regierung eine Reduktion des Stromverbrauchs von 20 Prozent vor. Viele Fabriken arbeiten von Samstag bis Mittwoch, um den Spitzenbedarf zu reduzieren. In Wohnheimen und Unis machen mahnende Hausmeister die Runde. Der Handel hat rasch reagiert: Er pusht Ventilatoren, weil diese viel weniger Energie verbrauchen als Klimaanlagen, auch sogenannte Dyson-Fans – neuartige Ventilatoren ohne Propeller. Und Kühlkleider für Menschen – und Hunde.

Kaufhäuser klagen

Obwohl die S- und U-Bahnen in den flauen Zeiten des Tages noch immer reduziert verkehren, sind sie weniger besetzt als zuvor. Die Kaufhäuser klagen, sie hätten weniger Kunden; und die, die kommen, geben weniger Geld aus. Auch in die Ferien fahren die Tokioter heuer noch weniger als sonst. Höchstens für einige Tage auf die kühle Nordinsel Hokkaido, wo man keine Klimaanlage braucht. Dort sind die Hotels besser ausgebucht als andere Jahre.

Gefragt, woher das Rindfleisch komme, sagt der Chef: «Nicht aus Fukushima.» In vielen Gärten verfaulen die Früchte, weil niemand es wagt, sie zu ernten.


Hiroshima 2011: Gedenken an den Atombombenabwurf 1945. Foto: Toru Yamanaka (AFP)

08.08.2011, 08:52
Herr der Lüfte

TA) Foto: Reuters
Man nennt ihn den Prinzen der Seiltänzer – den 27-jährigen Uiguren Saimaiti Aishan. Nur er schaffte es bislang, ein 15 Meter langes Seil zwischen zwei Heissluftballonen zu überschreiten.


08.08.2011, 09:37
:eek:eek:eek ich glaub es kaum - na ja, auch schnell festhalten as long as it lasts ;)

08.08.2011, 10:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The First Euro Bond Prints Are In, And The Loser Is... (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 02:42 On Friday, when we discussed that the EFSF could potentially be expanded to a ridiculous E3.5 trillion, we made the following observation (http://www.zerohedge.com/news/explaining-how-just-announced-ecb-market-rescue-pledged-133-german-gdp-cover-all-europes-bad-de) in advance of the prediction that Germany would eventually throw up all over the creeping euro bailout proposal, we said: "In the meantime, short Bunds (or to borrow a Gartmanism, go long gold in Bund terms) ahead of the market's realization that peak risk transfer from the periphery to the core is now in process." Well, the first eurobond prints are in (we already know where gold is trading), and the losers (and winners) are...

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436294+--+From+ZeroHedge:+The%20First%20Euro%20Bond%20Prints%20Are%20In,%20And%20The%20Loser%20Is...)
Comments: 25 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comments)
New Comments:
by Snidley Whipsnae (http://www.zerohedge.com/users/snidley-whipsnae)
on Mon, 08/08/2011 - 03:45
#1536142 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536142)
The real objective of Benny is to destroy the Euro Currency... but he must do it while appearing to offer a helping hand... That is the way the game is played and it's called hardball.

by chump666 (http://www.zerohedge.com/users/chump666)
on Mon, 08/08/2011 - 03:20
#1536124 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536124)
sell on rallies, EUR is bid. we got major ECB bond buying. that idoit Trichet is trying to knock down the 5 and 10yr Italian and Spanish spreads. Bet on, he gets maybe three days...then back to doomsday.

by TK7936 (http://www.zerohedge.com/users/tk7936)
on Mon, 08/08/2011 - 03:21
#1536131 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536131)
Foot the Bill ? But we got everything insured in the United Safe of America. And if AIG cant pay the FED will.

by boattrash (http://www.zerohedge.com/users/boattrash)
on Mon, 08/08/2011 - 03:47
#1536145 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536145)
Spot-On TK! BOHICA. It's like running a liquor store and buying life insurance on the Skid Row drunks out in front.

by gwar5 (http://www.zerohedge.com/users/gwar5)
on Mon, 08/08/2011 - 03:47
#1536146 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536146)
Germany is not going to go for this, it's a suicide mission.
The people are already pissed about the other stuff.
Germans can't afford to bail out Italy and Spain now, and it'll get worse.
Good bye EU, wasn't soon enough. Don't forget to take the flag with you.

by lolmao500 (http://www.zerohedge.com/users/lolmao500)
on Mon, 08/08/2011 - 03:50
#1536149 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536149)
Well guess what boy, the ECB rules and everyone must lick their boots, especially the Germans! The German must either put Merkel's head on a pike or be enslaved and suffer the hardest depression the world has ever seen when it all comes down.

by ZeroPower (http://www.zerohedge.com/users/zeropower)
on Mon, 08/08/2011 - 03:51
#1536150 (http://www.zerohedge.com/news/first-euro-bond-prints-are-and-loser#comment-1536150)
Tons of buying here this am from the ECB - basically lifting every offer on our IT, ES paper.
Spain CDS open: 400/412 -->314/334 last. Lol.

08.08.2011, 10:25
THE REAL PROBLEM (http://www.huffingtonpost.com/2011/08/08/economy-not-debt-rating-w_n_920731.html)
Economy, Not Debt Rating, Remains Major Issue Facing Markets (http://www.huffingtonpost.com/2011/08/08/economy-not-debt-rating-w_n_920731.html)
http://i.huffpost.com/gen/323909/thumbs/r-WALL-ST-huge.jpg (http://www.huffingtonpost.com/2011/08/08/economy-not-debt-rating-w_n_920731.html)

Comments (560) (http://www.huffingtonpost.com/2011/08/08/economy-not-debt-rating-w_n_920731.html#comments)
| Economy (http://www.huffingtonpost.com/news/economy)
Lolie Culley (http://www.huffingtonpost.com/social/Lolie_Culley?action=comments)
120 Fans (http://www.huffingtonpost.com/social/Lolie_Culley)
0 minute ago (4:10 AM)
Anyway, good credit rating will not feed our family. One reason why the housing market is s-u-cks because not too many Americans have good credit and few have a good job.
http://i.huffpost.com/profiles/339049.png?20091111070614 (http://www.huffingtonpost.com/social/PhilipTaylor?action=comments) HUFFPOST SUPER USER
PhilipTaylor (http://www.huffingtonpost.com/social/PhilipTaylor?action=comments) Legalized Bribery is an Oxymoron - must END
4447 Fans (http://www.huffingtonpost.com/social/PhilipTaylor)
14 minutes ago (3:55 AM)
Asian Markets are down 2% to 3+%!
http://i.huffpost.com/profiles/1306675-2.png?20110213182511 (http://www.huffingtonpost.com/social/tristrixi?action=comments) tristrixi (http://www.huffingtonpost.com/social/tristrixi?action=comments) Hon, Ministry of Love agents are at the door!
362 Fans (http://www.huffingtonpost.com/social/tristrixi)
9 minutes ago (4:01 AM)
In the end for the financiers it as the Rolling Stones sang, "Time Is On My Side." Sadly, oh well, let's give it a listen as an interlude.*..
XzcWwmwChVE&feature (http://www.youtube.com/watch?v=XzcWwmwChVE&feature=related)

08.08.2011, 10:34
Hintergrund: 8. August 2011, 06:00

Jamey Stillings: Die Brücke beim Hoover-Damm (http://www.nzz.ch/nachrichten/hintergrund/tableau/jamey_stillings_die_bruecke_beim_hoover-damm_1.11791524.html)

http://www.nzz.ch/images/jamey_stillings_5_wide_1.11791523.1312776107.jpg (http://www.nzz.ch/nachrichten/hintergrund/tableau/jamey_stillings_die_bruecke_beim_hoover-damm_1.11791524.html)Mit einer Spannweite von 320 Metern ist die Brücke über den Colorado River, welche die US-Bundesstaaten Nevada und Arizona verbindet, die längste Betonbogenkonstruktion in der westlichen Hemisphäre. Der Fotograf Jamey Stillings hat die Entstehung des kühnen Bauwerks während zwei Jahren mit der Kamera begleitet. ...

(http://www.nzz.ch/nachrichten/hintergrund/tableau/jamey_stillings_die_bruecke_beim_hoover-damm_1.11791524.html)Der Brückenbogen der Mike O’Callaghan – Pat Tillman Memorial Bridge wurde aus insgesamt 106 vor Ort gegossenen Betonelementen erstellt. So perfekt waren diese gefertigt und verarbeitet, dass die Fehldistanz zwischen den beiden vollendeten Bogenhälften ganze 9,5 Millimeter betrug. (Bild: Jamey Stillings)

08.08.2011, 11:03

Zentralbank stützt Krisenländer mit Notaktion (http://www.spiegel.de/wirtschaft/soziales/0,1518,778909,00.html)

http://www.spiegel.de/images/image-246041-breitwandaufmacher-uxid.jpg (http://www.spiegel.de/wirtschaft/soziales/0,1518,778909,00.html)

Die Euro-Wächter stemmen sich gegen die Krise: Nach langem Zögern kauft die Europäische Zentralbank nun doch spanische und italienische Staatsanleihen, um die Schuldenkrise der Risikoländer zu mildern. Die Industriestaaten der G7 kündigen gemeinsame Schritte gegen die Marktturbulenzen an. mehr... (http://www.spiegel.de/wirtschaft/soziales/0,1518,778909,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=41376) ]

Heute, 09:04 Darjaan (http://forum.spiegel.de/member.php?u=21950)
das war klar dass wir diesen Schrott auch noch bezahlen... aber ok, ich hab mich mittlerweile damit abgefunden... je schneller hier die Kassen auch leer werden, umso schneller crasht das ganze System sowieso...
deshalb sehe ich diesen ganzen Rettungswahn auch mit einem lachenden Auge... eigentlich gehts so sogar noch schneller..

08.08.2011, 16:28
:mecker von kurz nach 11Uhr bis jetzt ohne Telefon - ohne Internet :mecker
und dann musste ich mich noch anpflaumen lassen - nota bene 2 x auf sehr strammes Hochdeutsch :oo bei der Swisscom :rolleyes

08.08.2011, 17:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
S&P To About Commence Cutting Corporates (http://www.zerohedge.com/news/sp-about-start-cutting-corporates-well)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 09:58 Those who were hoping only government and government-related entities are about to be skewered by S&P, we have some unpleasant news: according to Reuters Insider: "Announcements should be expected this morning about effects to corporations from S&P’s downgrade of U.S. credit rating, David Beers, head of S&P’s sovereign ratings." This means financials, the corporate group most at risk to the US downgrade, are about to be shellacked. And, as we pointed out previously, a 2 notch downgrade in Morgan Stanley will result in a $1.4 billion margin call. We haven't done the math on the other TBTFs but something tells us Bank of America is in the same boat (and isn't it ironic if AIG also ends up seeing a collateral spring as a result of the US downgrade). Are we about to see the first (of many) truly unexpected consequence of the US downgrade? Stay tuned.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436311+--+From+ZeroHedge:+S&P%20To%20About%20Commence%20Cutting%20Corporates)
Comments: 85 (http://www.zerohedge.com/news/sp-about-start-cutting-corporates-well#comments)
New Comments:

08.08.2011, 17:11
Faule Kredite: AIG verklagt Bank of America

08.08.11, 15:38
Der US-Versicherungskonzern American International Group (AIG) verklagt die Bank of America auf mehr als zehn Milliarden Dollar Schadenersatz.

Als Grund nannte das Unternehmen "massiven Betrug" mit faulen Immobilienkrediten, wie aus der Klageschrift hervorgeht, in die Reuters am Montag Einblick hatte. Die Klage wurde an einem Gericht in Manhattan eingereicht. Bank of America (http://www.cash.ch/boerse/kursinfo/fullquote/748628/65/333) wies die Anschuldigungen zurück.

AIG (http://www.cash.ch/boerse/kursinfo/fullquote/906483/65/333) war auf dem Höhepunkt der Hypothekenkrise von der US-Regierung mit 182 Milliarden Dollar vor dem Zusammenbruch bewahrt worden. Das Unternehmen befindet sich noch immer weitgehend in staatlicher Hand.



08.08.2011, 17:12
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Meanwhile In "This Is A Gamechanger" Italy... (http://www.zerohedge.com/news/meanwhile-gamechanger-italy)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 10:30 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Fiat%20IM.jpg

Fiat (F IM) and Pirelli (PC IM) shares suspended for excessive losses. That is all.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436314+--+From+ZeroHedge:+Meanwhile%20In%20%22This%20Is%20A%20Gamechanger%22%20Italy...)
Comments: 55 (http://www.zerohedge.com/news/meanwhile-gamechanger-italy#comments)
New Comments:

08.08.2011, 18:35
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: The Stock Market And The Dollar: There Are Only Three Possibilities (http://www.zerohedge.com/news/guest-post-stock-market-and-dollar-there-are-only-three-possibilities)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 11:15 Since the stock market is in the news (perhaps as a result of trillions of dollars/euros/yen/yuan/quatloos having suddenly vanished from millions of accounts), it seems timely to examine the key correlation between stocks and the U.S. dollar. As I have often noted here, this "big picture" correlation is a simple see-saw: when the dollar is scraping bottom, stocks are at their highs, and when the dollar is up then stocks are tanking. At the risk of alienating chart-averse readers, I've marked up the charts of the S&P 500 (SPX) and the U.S. dollar index (DXY). For those who aren't going to look at the charts, what they suggest is that there are really only three possibilities in play:

A. Stocks go up and the dollar drops to new lows

B. Stocks fall and the dollar rises significantly, a pattern that has repeated several times since 2007

C. The see-saw breaks and stocks and the USD rise or fall together.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436316+--+From+ZeroHedge:+Guest%20Post:%20The%20Stock%20Market%20And%20The%20Dollar:%20There%20Are%20Only%20Three%20Possibilities)
Comments: 48 (http://www.zerohedge.com/news/guest-post-stock-market-and-dollar-there-are-only-three-possibilities#comments)
New Comments:

08.08.2011, 18:50

08.08.2011, 19:15
Politik: 8. August 2011, 18:09

Fluglotsenstreik in Deutschland von Gericht genehmigt (http://www.nzz.ch/nachrichten/politik/international/deutsche_fluglotsen_wollen_streiken_1.11819971.html)

Es wird mit dem Ausfall Hunderter von Flügen zwischen 6 und 12 Uhr gerechnet

(http://www.nzz.ch/nachrichten/politik/international/deutsche_fluglotsen_wollen_streiken_1.11819971.html)Das Arbeitsgericht Frankfurt hat den für Dienstag geplanten Fluglotsenstreik in Deutschland genehmigt. Gegen die Entscheidung ist aber noch Berufung beim Landesarbeitsgericht möglich, dessen zuständiger Richter sich für eine späte Verhandlung am Abend bereithielt.

(dpa) Es sei kein Verstoss gegen die Friedenspflicht zu erkennen, begründete die zuständige Arbeitsrichterin am Montag ihr Urteil. Sie regte vor dem Urteil vergeblich eine Schlichtung an, was die die deutsche Flugsicherung (DFS) ablehnte und eine Entscheidung verlangte.

Die Gewerkschaft der Fluglotsen hat die Beschäftigten für den Dienstagmorgen zu einem sechsstündigen Streik aufgerufen, mit dem nahezu der gesamte deutsche Flugverkehr lahmgelegt werden könnte. Neben mehr Gehalt verlangt sie mehr Einfluss auf Stellenbesetzungen und Arbeitsbedingungen der mehr als 5000 Tarifbeschäftigten bei der Flugsicherung. Rund 1900 von ihnen sind Fluglotsen.

Während der Verhandlung beschuldigte Verhandlungsführer der Gewerkschaft die Flugsicherung, mit falschen Karten zu spielen. Die DFS habe den Fluggesellschaften längst zugesagt, auf jeden Fall in die Schlichtung zu gehen, falls man vor Gericht scheitere, sagte der Rechtsanwalt. Diesen Vorwurf wiesen die Vertreter des bundeseigenen Unternehmens scharf zurück....

...also nicht nur an der Börse Chaos :rolleyes:oo


08.08.2011, 19:31
08 August 2011

This Week's US Economic Calendar (http://jessescrossroadscafe.blogspot.com/2011/08/this-weeks-us-economic-calendar_08.html)

The short term trends are very over-extended, with stocks down and Treasuries higher. Gold has unjoyed a spectacular rally. The financial sector has been crushed.

I am looking for some thing that will reverse this process, and perhaps with some gusto. But that is what might happen ordinarily. How ordinary is this?

So for now the trend is the trend, and it would not be wise to get in front of it. But I have trimmed some profits, and opened the way for new opportunities if they come.

http://4.bp.blogspot.com/-NnJoKsxsC6w/TkAUbuK1K5I/AAAAAAAARfg/U0HCZmEas90/s640/economiccalendar.PNG (http://4.bp.blogspot.com/-NnJoKsxsC6w/TkAUbuK1K5I/AAAAAAAARfg/U0HCZmEas90/s1600/economiccalendar.PNG)

Posted by Jesse at 12:53 PM (http://jessescrossroadscafe.blogspot.com/2011/08/this-weeks-us-economic-calendar_08.html) :verbeug

08.08.2011, 20:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Watch Obama Convey The Teleprompter's Thoughts On the S&P Downgrade Live (http://www.zerohedge.com/news/watch-obama-convey-teleprompters-thoughts-sp-downgrade-live)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 13:00 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Obama%20Japan.jpg

Update: the meeting scheduled for 1:00 pm has been delayed until 1:30 pm. Summary: "It's all the sandtrap at 18's fault"

The daily teleprompted appearance you have all been waiting for. Summary: "It's all S&P's fault"

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436323+--+From+ZeroHedge:+Watch%20Obama%20Convey%20The%20Teleprompter%27s%20Thoughts%20On%20the%20S&P%20Downgrade%20Live)
Comments: 324 (http://www.zerohedge.com/news/watch-obama-convey-teleprompters-thoughts-sp-downgrade-live#comments)
New Comments: 324 (http://www.zerohedge.com/news/watch-obama-convey-teleprompters-thoughts-sp-downgrade-live#new)

08.08.2011, 20:43
190 (http://www.zerohedge.com/news/shocker-jpm-sees-gold-2500-year-end#new) http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
KABOOOM: BERKSHIRE HATHAWAY INC OUTLOOK TO NEGATIVE FROM STABLE BY S&P (http://www.zerohedge.com/news/kabooom-berkshire-hathaway-inc-outlook-negative-stable-sp)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 12:17 More shortly. And yes, just as ZH predicted an hour ago (https://twitter.com/#%21/zerohedge/status/100581096948895744).

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436320+--+From+ZeroHedge:+KABOOOM:%20BERKSHIRE%20HATHAWAY%20INC%20OUTLOOK%20TO%20NEGATIVE%20FROM%20STABLE%20BY%20S&P)
Comments: 129 (http://www.zerohedge.com/news/kabooom-berkshire-hathaway-inc-outlook-negative-stable-sp#comments)
New Comments: 129 (http://www.zerohedge.com/news/kabooom-berkshire-hathaway-inc-outlook-negative-stable-sp#new)
:eek...das wird ihm aber gar nicht schmecken :mad

08.08.2011, 21:32
Politik: 8. August 2011, 21:12

«Die Probleme der USA sind lösbar» (http://www.nzz.ch/nachrichten/politik/international/die_probleme_der_usa_sind_loesbar_1.11833725.html)

Präsident Obama zeigt sich trotz herabgestuftem Rating seines Landes optimistisch

http://www.nzz.ch/images/obama_lead_1.11833698.1312827826.jpg (http://www.nzz.ch/nachrichten/politik/international/die_probleme_der_usa_sind_loesbar_1.11833725.html)Präsident Obama zeigt sich trotz der herabgestuften US-Kreditwürdigkeit und jüngster Börsenturbulenzen optimistisch für die Zukunft des Landes. Die Probleme der USA seien «lösbar», sagte Obama am Montag in Washington.

(dpa/dpa ) «Egal, was eine Ratingagentur meint, wir waren immer und werden immer ein AAA-Land sein», betonte er. Die Ratingagentur Standard & Poor's hatte am Freitag den USA die Bestnote «AAA» entzogen und die Bonität auf «AA+» abgestuft. Die Agentur begründete dies mit dem jüngsten Schuldenabkommen.

Fehlender Wille

Das Problem der USA sei nicht die Glaubwürdigkeit des Landes als Schuldner, sondern, ob man auf lange Sicht das Schuldenproblem in den Griff bekomme, sagte der Präsident. Dazu gebe es eine ganze Reihe von Ideen. Woran es fehle, sei der politische Wille zu Lösungen. Eine viel unmittelbarere Sorge der Amerikaner, aber auch der Märkte sei die hohe Arbeitslosigkeit und das schwache Wachstum......

.....Moody's warnt

Kurz vor Obamas Rede verkündete die zweite der drei grossen Ratingagenturen, Moody's, dass sie eine Herabstufung der USA vor dem Jahr 2013 für möglich halte. Dazu könne es kommen, wenn die Wirtschaft sich verschlechtere und der gegenwärtige Defizit-Plan des Kongresses keine glaubwürdigen Ergebnisse liefere.....

....bei ihm fehlt aber auch der Durchsetzungswille :rolleyes


08.08.2011, 21:41
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: So Why Is The Initial Reaction Of The S&P Downgrade Of Treasuries For Treasury Bond Prices To Go Up? (http://www.zerohedge.com/news/guest-post-so-why-initial-reaction-sp-downgrade-treasuries-treasury-bond-prices-go)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 14:59 The S&P downgrade was not as much a comment on the numbers of credit service as a comment on the political process. The political process is about confronting the probability of a hyper-inflationary collapse of our currency if fiscal irresponsibility, entitlement spending and bank bailout mentality are not addressed. If the credit rating firms had continued the charade of AAA quality, it would merely enable the not sustainable march toward hyper-inflation. Ultimately, the S&P downgrade of Treasuries is a downgrade of all dollar denominated assets. If we can print dollars to pay Treasury debt, it is the currency that is at risk. A nominal default of Treasury obligations is not going to happen. Yet, a real default as a currency event is the risk. In order to save the currency, we must sacrifice the money center banks. A sacrifice of the international banking system is a deflationary event. For Treasuries to rally in a flight to quality as a market reaction to their own downgrade is a flight to the relative safety that remains. Anticipation of the deflationary political discipline of an S&P downgrade is the rational reaction of capital flight away from securities propped up by the reflationary status quo.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436326+--+From+ZeroHedge:+Guest%20Post:%20So%20Why%20Is%20The%20Initial%20Reaction%20Of%20The%20S&P%20Downgrade%20Of%20Treasuries%20For%20Treasury%20Bond%20Prices%20To%20Go%20Up?)
Comments: 27 (http://www.zerohedge.com/news/guest-post-so-why-initial-reaction-sp-downgrade-treasuries-treasury-bond-prices-go#comments)
New Comments: 27 (http://www.zerohedge.com/news/guest-post-so-why-initial-reaction-sp-downgrade-treasuries-treasury-bond-prices-go#new)

08.08.2011, 22:00
Das sind die grössten Verliereraktien seit Mai 2011 (http://www.cash.ch/news/front/das_sind_die_groessten_verliereraktien_seit_mai_2011-1064436-449)

http://www.cash.ch/services/img/news/235/4200_SIX%5FB%C3%B6rse%5FSchweiz.jpg Aktualisiert um 17:19 Uhr

Frédéric Papp - Seit dem 31. Mai 2011 geht es mit dem Swiss Market Index bergab. Keine Aktie liegt seither im Plus, nur wenige sind es im Swiss Performance Index. Wo können Anleger bei den teils rekordtiefen Kursen einsteigen? mehr » (http://www.cash.ch/news/front/das_sind_die_groessten_verliereraktien_seit_mai_2011-1064436-449)

...und morgen sieht's noch mieser aus :rolleyes

08.08.2011, 22:13

09.08.2011, 08:12
LONDON'S BURNING (http://www.huffingtonpost.com/2011/08/08/london-riot-tottenham-arrests_n_920806.html)
Violence Continues For Third Day.. Unrest Spreads To Other Cities (http://www.huffingtonpost.com/2011/08/08/london-riot-tottenham-arrests_n_920806.html)
http://i.huffpost.com/gadgets/slideshows/41166/slide_41166_325166_splash.jpg (http://www.huffingtonpost.com/2011/08/08/london-riot-tottenham-arrests_n_920806.html)

http://i.huffpost.com/gadgets/slideshows/41166/slide_41166_325162_small.jpg http://i.huffpost.com/gadgets/slideshows/41166/slide_41166_325169_small.jpg http://i.huffpost.com/gadgets/slideshows/41166/slide_41166_325167_small.jpg http://i.huffpost.com/gadgets/slideshows/41166/slide_41166_325179_small.jpg

PHOTOS: Riots, Looting Rock England's Capital.. (http://www.huffingtonpost.com/2011/08/08/london-riots-third-day-of_n_921536.html)
A Dispatch From Inside The Chaos (http://www.gadling.com/2011/08/08/london-is-burning-a-dispatch-from-inside-of-the-riots-looting/)

http://i.huffpost.com/profiles/1797540.png?20110716133120 (http://www.huffingtonpost.com/social/rolor?action=comments) HUFFPOST SUPER USER
rolor (http://www.huffingtonpost.com/social/rolor?action=comments) 'round and 'round we go
148 Fans (http://www.huffingtonpost.com/social/rolor)
2 minutes ago (2:03 AM)
The people who are sitting comfortabl*y on their high horses condemning the lack of justificat*ion for such violence are seriously missing the boat on understand*ing how such a thing can occur.
This isn't about passing judgment on what is right or wrong but in understand*ing how conditions lead to causes which lead to consequenc*es.
The facts of the matter are that people have been trying harder to get by and are only getting further behind while those who are living in luxury appear to be getting handouts from government*s at their expense; and to add insult to injury, they are being told they must give up even more while getting less... and there is no end in sight because the future seems only to promise further hardship for average people while giving even more to the wealthy.
The saddest part is that this is only going to get worse while people pontificat*e their detached wisdoms.

.....arbeitslos, keine Perspektive :rolleyes

09.08.2011, 08:23
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: Where Is This Market Headed? (http://www.zerohedge.com/news/guest-post-where-market-headed)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/08/2011 - 22:19

As I've stated before I wish I could be more definitive here. This market really showed its hand today. The late day selloff was a sign of funds and or individual investors waiting for a chance to sell into strength to meet margin and or redemption calls only to find lower prices and forced to sell at the close. Bank Of America remains a wild card as well and the companies statement today basically said the market had it wrong. Not the calming words long investors want to hear. What the fall 2008 pattern shows us is this market can remain oversold for a very long time. Initiating short positions at these levels is very difficult unless one is using hedged option trades such as vertical spreads. The volatility could easily turn a winning trade into a losing one. Lastly, remember it is human nature for others to relay their fears and limitations upon an event beyond their control. I'm listening to Carl Icahn right now say how this selloff is way overdone. He doesn't see it lastly any longer but what basis does he have for saying that? Other than talking his book he has none. Don't be greedy and don't be a hero. There may very well be more selling ahead of this market.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436347+--+From+ZeroHedge:+Guest%20Post:%20Where%20Is%20This%20Market%20Headed?)
Comments: 75 (http://www.zerohedge.com/news/guest-post-where-market-headed#comments)
New Comments: 75 (http://www.zerohedge.com/news/guest-post-where-market-headed#new)
by Peter_Griffin (http://www.zerohedge.com/users/petergriffin-0)
on Mon, 08/08/2011 - 23:36
#1541021 (http://www.zerohedge.com/news/guest-post-where-market-headed#comment-1541021)

The official story is starting to come together. US as victim.

Victim because our credit rating shouldn't have been downgraded? I think we were deserving of it my friend.

by WonderDawg (http://www.zerohedge.com/users/wonderdawg)
on Mon, 08/08/2011 - 23:50
#1541060 (http://www.zerohedge.com/news/guest-post-where-market-headed#comment-1541060)
Of course we were deserving, but you don't expect that to be the official story do you? No, US as victim plays much better for the administration, don't you think?

by rosiescenario (http://www.zerohedge.com/users/rosiescenario)
on Mon, 08/08/2011 - 22:27
#1540653 (http://www.zerohedge.com/news/guest-post-where-market-headed#comment-1540653)
With the budget crisis now behind us and smooth sailing ahead:

81 congressmen going to Israel on break

Perhaps seeking a salty dip in the Dead Sea to end a stressful debt debate, nearly one in five members of the House of
Representatives will use their summer recess period to visit Israel, The Jerusalem Post reports. Of the 81 heading over,
55 are Republicans and 26 are Democrats, The Post reports. Half of the freshmen Republican reps - 47 of them - make
up that group, and many of them will be visiting Israel for the first time.

Among the Democrats heading over is Illinois Congressman Jesse Jackson Jr., who will be there for an eight-day visit, the
Associated Press reports. Jackson, like most congressmen on the sponsored trip, is scheduled to meet with both Israeli
and Palestinian leaders. The famous civil rights leader's son told the AP that he's looking forward to learning about Israel's
business and commercial sectors as well as the latest tools and technology the country is using in its fight against terror.

Almost all of the week-long trips are sponsored by the American Israel Education Foundation, which promotes similar trips for
Congress every other August, the Post reports. House Democratic Whip Steny Hoyer will head the Democratic delegation,
and House Majority Leader Eric Cantor will lead one of the Republican groups.

American Israel Education Foundation is a supporting organization of the American Israel Public Affairs Committee, or AIPAC,
which describes itself on its website as "America's leading pro-Israel lobby...AIPAC works with both Democratic and Republican political leaders to enact public policy that strengthens the vital U.S.-Israel relationship." :bad

by Goatboy (http://www.zerohedge.com/users/goatboy)
on Mon, 08/08/2011 - 23:05
#1540855 (http://www.zerohedge.com/news/guest-post-where-market-headed#comment-1540855)
Maybe they want to join protests in Israel and promote human rights, peace and cooperation? :oo

09.08.2011, 08:28
Wirtschaft: 9. August 2011, 06:14

Talfahrt der Börsen geht weiter (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/asiatische_boersen_bauen_ihre_verluste_weiter_aus_1.11837301.html)

Inflation in China schürt Angst vor Rezession zusätzlich - Politik kann nicht beruhigen

http://www.nzz.ch/images/boerse_asien_lead_1.11837313.1312863570.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/asiatische_boersen_bauen_ihre_verluste_weiter_aus_1.11837301.html) Die Politik kann die Talfahrt der Börsen rund um den Globus wegen der Schuldenkrise in den USA und Europa nicht mehr bremsen. Nach den Kursstürzen der Wall Street erlebten die Börsen im Asien-Pazifik-Raum gleich nach Handelsbeginn neue Verluste.

(dpa) In Tokio notierte Nikkei-Index für 225 führende Werte zur Handelsmitte ein Minus von 403,25 Punkten oder 4,43 Prozent im Minus. Auch in China und Hongkong rutschten die Börsen am Dienstag weiter kräftig ins Minus. Der Hang Seng-Index in Hongkong eröffnete 6,25 Prozent niedriger, während die chinesischen Aktienmärkte in Shanghai und Shenzhen zum Auftakt um 2,33 Prozent beziehungsweise 2,7 Prozent fielen.....

Momentaufnahme - immerhin auch etwas grün ;)

09.08.2011, 08:31
Wieso Optionen derzeit nur schlecht hebeln (http://www.cash.ch/news/front/wieso_optionen_derzeit_nur_schlecht_hebeln-1064590-449)

http://www.cash.ch/services/img/news/235/3298_ubs%5Faktienkurse%5Fpassanten.jpg Aktualisiert vor 20 Minuten Pascal Meisser - Anleger spekulieren wieder vermehrt mit Calls auf eine Erholung der Börse. Angesichts der rekordhohen Volatilität gibt es aber sinnvollere Instrumente als Optionen. mehr » (http://www.cash.ch/news/front/wieso_optionen_derzeit_nur_schlecht_hebeln-1064590-449)

09.08.2011, 08:33
Schweizer Konsumentenstimmung schwächt sich ab

http://www.cash.ch/services/img/news/235/6795_Einkaufen%5FMigros.jpg (http://www.cash.ch/news/topnews/schweizer_konsumentenstimmung_schwaecht_sich_ab-1064697-771) 09.08.11, 08:28
(http://www.cash.ch/news/topnews/schweizer_konsumentenstimmung_schwaecht_sich_ab-1064697-771)Die Stimmung unter den Schweizer Konsumenten hat sich in den letzten drei Monaten weiter abgeschwächt. Besonders die Erwartungen zur konjunkturellen Entwicklung fielen negativer aus. (http://www.cash.ch/news/topnews/schweizer_konsumentenstimmung_schwaecht_sich_ab-1064697-771)mehr » (http://www.cash.ch/news/topnews/schweizer_konsumentenstimmung_schwaecht_sich_ab-1064697-771)

....kein Wunder bei diesen Preisen :mad

09.08.2011, 08:47
Gibt es den «richtigen» Eurokurs? (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Gibt-es-den-richtigen-Eurokurs/story/10541883)

http://files.newsnetz.ch/story/1/0/5/10541883/5/teaserbreit.jpg?1312871129 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Gibt-es-den-richtigen-Eurokurs/story/10541883) Nationalbank-Präsident Philipp Hildebrand hält den Franken für massiv überbewertet. Die Wirtschaftstheorie stützt seine Aussage nicht. Laut ihren Kriterien könnte der Franken gegenüber dem Euro auch noch im Wert steigen......


Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Gibt-es-den-richtigen-Eurokurs/story/10541883)

Von Res Strehle (http://www.tagesanzeiger.ch/stichwort/autor/res-strehle/s.html). Aktualisiert um 06:54 Uhr 3 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Gibt-es-den-richtigen-Eurokurs/story/10541883#kommentar)

George Freeman - 08:20 Uhr
Das FPMM ist das gebräuchlichste Modell ist ein 2-Stufen Modell, es geht dort aber nicht nur um Kaufkraftparität (PPP) sondern auch die aggregierte reale Geldnachfrage wird berücksichtigt. Jedes Modell kann historisch verglichen werden, und man weiss, dass dies relativ gut funktioniert aber nur sehr langfristig. Von daher ist die SNB nicht ganz daneben mit ihrer Einschätzung.

FPMM - hab gegoogelt, kam aber eine für mich nicht so verständliche Formel raus :rolleyes:gruebel
.....den Aussie hat's ja sehr verhauen in den letzten Tagen :rolleyes

09.08.2011, 09:00
«Diese Firma machts eigentlich verdammt clever» :no:mad (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Diese-Firma-machts-eigentlich-verdammt-clever/story/14523074)

http://files.newsnetz.ch/story/1/4/5/14523074/31/teasersmall16x9.jpg?1312872611 (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Diese-Firma-machts-eigentlich-verdammt-clever/story/14523074) Auf den Produkten des Küchengerätherstellers Kuhn Rikon prangt das Schweizer Kreuz. Zu unrecht, meint der Unternehmer Thomas Minder und reicht Klage ein :supi
.....«Dabei stammen die Produkte aus China und Italien». Im Video (siehe oben) zeigt er auf, wie Konsumenten in die Irre geführt werden.....
Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Diese-Firma-machts-eigentlich-verdammt-clever/story/14523074)

Von Jan Derrer (http://www.tagesanzeiger.ch/stichwort/autor/jan-derrer/s.html). Aktualisiert am 08.08.2011

....da ärgere ich mich auch sehr :gomad man meint noch indirekt etwas für die Tibeter zu tun - eigentlich eine riesige Unverschämtheit ausgerechnet in China produzieren zu lassen :gomad

.....Als die Schweiz 1964 1’000 Flüchtlinge aus dem Tibet (http://de.wikipedia.org/wiki/Tibet) aufnahm, stellten Henri und Jacques Kuhn Arbeitsplätze und Firmenwohnungen zur Verfügung. 1967 gründeten sie auf Rat des Dalai Lama (http://de.wikipedia.org/wiki/Dalai_Lama), den Henri Kuhn in Indien traf, die Stiftung Tibet-Institut Rikon, welche sie mit 100’000 Franken und dem notwendigen Bauland ausstatteten. Bereits 1968 konnte das Tibet-Institut Rikon eingeweiht werden, das sich zu einem bedeutenden religiösen Zentrum für Tibeter in der Schweiz und im angrenzenden Ausland entwickelte.[1] (http://de.wikipedia.org/wiki/Kuhn_Rikon#cite_note-0) Noch heute sind unter den Angestellten der Kuhn Rikon viele Arbeitnehmer tibetischer Abstammung.......

09.08.2011, 09:06
http://www.spiegel.de/images/image-246288-videothumbmultimedia-htug.jpghttp://www.spiegel.de/static/sys/v8/buttons/play-trans_37x37.png (http://www.spiegel.de/video/video-1142344.html)

Süße Träume: Kampf für den Hanf (http://www.spiegel.de/video/video-1142344.html)
....aber die Pharma Lobby kämpft eben mit härteren Bandagen :gomad

09.08.2011, 09:59
...denen fällt ja gar nix Neues ein :rolleyes:mad

09.08.2011, 10:06
..jetzt hat auch der Tagi einen Börsenticker :rolleyes


SMI macht Kapriolen (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-macht-Kapriolen/story/12558111)

http://files.newsnetz.ch/story/1/2/5/12558111/64/teasersmall16x9.jpg?1312876905 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-macht-Kapriolen/story/12558111) Der Swiss Market Index startete freundlich in den Handel – nun dreht der Wind aber bereits wieder. Zuvor hatten auch die asiatischen Börsen einen turbulenten Tag hinter sich. Gold setzt die Rekordjagd fort. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-macht-Kapriolen/story/12558111)

Aktualisiert vor 13 Minuten 4 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-macht-Kapriolen/story/12558111#kommentar)

Stephan Wiesner - 09:44 Uhr
Was bei den ganzen Panik-Diskussionen zu kurz kommt ist die Info, dass man als Kleinanleger teilweise gar nicht mehr handeln kann. Das treibt doch Ängste weiter :-(
Swissquote z.B. ist mal wieder häufig nicht erreichbar und schreibt:
"Die aktuelle Marktsituation generiert einen überdurchschnittlich hohen Zugang zu unserer Plattform. Dadurch ergeben sich zurzeit einige Verzögerungen. Um Ihnen ..."

09.08.2011, 10:59
10.36 Uhr – UBS UBS fällt unter zehn Franken

Panik macht sich breit: Soeben ist die UBS-Aktie unter zehn Franken getaucht. Sie notiert knapp fünf Prozent im Minus. Auch der SMI ist nach einem freundlichen Start vollends abgestürzt. Er tendiert zwischen vier und fünf Prozent schwächer als noch gestern.
...der Herr Grübel ist jetzt wohl am grübeln :rolleyes

09.08.2011, 11:52
...wie lange noch :confused:rolleyes:mad

09.08.2011, 15:47
BlackRock investiert Gold- und Bondgewinne in Aktien (http://www.cash.ch/news/front/blackrock_investiert_gold_und_bondgewinne_in_aktien-1064891-449)

http://www.cash.ch/services/img/news/235/4322_Blackrock.jpg 09.08.11, 14:09 Der weltgrösste Vermögensverwalter BlackRock nutzt den Kurssturz an den globalen Aktienmärkten zur Schnäppchenjagd. mehr » (http://www.cash.ch/news/front/blackrock_investiert_gold_und_bondgewinne_in_aktien-1064891-449)

09.08.2011, 16:36
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Goldman Crashes To Earth: Reports 24% Trading Day Losses In Q2, Compared to 1% In Q1 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 08:50 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/GS%20Trading%20Profits%20Q2.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/GS%20Trading%20Profits%20Q2.jpg)

What a difference a quarter makes. Back in Q1 (http://www.zerohedge.com/article/one-trading-loss-day-q1-between-goldman-jpmorgan-and-bank-america-combined), Goldman reported one (1) day in which it had a trading loss out of 62. It also reported 32 days on which it made over $100 million. Oh how the times have changed. According to the just released 10-Q, Lloyd Blankfein's firm suffered an epic implosion, recording 15 trading day losses out of 63, or a stunning 24% loss rate. And far worse: only 4 days in which Goldman recorded profits of $100 million. And that's why the stock is floundering. The only question is whether this was premeditated to shift the public anger away from Goldman which back in 2010 barely had any trading day losses in the entire year. And if not, what is the systemic change that caused this worst quarterly performance for Goldman in years?

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436365+--+From+ZeroHedge:+Goldman%20Crashes%20To%20Earth:%20Reports%2024%%20Trading%20Day%20Losses%20In%20Q2,%20Compared%20to%201%%20In%20Q1)
Comments: 51 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#comments)
New Comments: 51 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#new)
by MsCreant (http://www.zerohedge.com/users/mscreant)
on Tue, 08/09/2011 - 09:21
#1542149 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#comment-1542149)
Don't know who is and is not a bank or TBTF any more, but my first thought was that they "knew" some or all of this down grade stuff was coming and they needed to:
1. Look like they are doing bad to help the drama along
2. Needed to look bad so that they could have their hand out for a hand out.
3. Last time they did it under the cover of not needing it but needing to take it so that bad banks could take it and not look bad. The took shit for that when it was revealed later they were sinking.

by Bob (http://www.zerohedge.com/users/bob)
on Tue, 08/09/2011 - 09:35
#1542174 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#comment-1542174)
Seems to me that the downgrade sets up the TBTF's to blame what follows upon a "spendthrift government." It will then be "only fair" that the government should once again cover TBTF losses when the SHTF . . . while, of course, social spending gets cut past the bone 'cuz "we're broke." They'll get to play the victim this time.

by Cognitive Dissonance (http://www.zerohedge.com/users/cognitive-dissonance)
on Tue, 08/09/2011 - 09:51
#1542227 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#comment-1542227)
I suggested over the weekend that S&P was allowed to downgrade for ulterior reasons. I was booed off stage. If people want to believe that the rating agencies are not tools of state then go ahead and believe whatever you want. But during a time when plausible deniability and moral suasion needs to be re-manufactured, the downgrade opens up all kinds of doors to places previously closed.

by Bob (http://www.zerohedge.com/users/bob)
on Tue, 08/09/2011 - 10:03
#1542276 (http://www.zerohedge.com/news/goldman-crashes-earth-reports-24-trading-day-losses-q2-compared-1-q1#comment-1542276)
Yup. This looks to me like a manufactured "moral reset," where government becomes the scapegoated bag man. There will be no shortage of tools desperately appreciative of the opportunity to impose austerity upon a population manipulated to blame itself for its unrepresentative government's actions.
I wonder if this is how things played out on the ground level in Greece and Ireland.

09.08.2011, 16:39
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
China National Development And Reform Commission Joins The Party, Says QE3 Likelihood Appears High (http://www.zerohedge.com/news/china-national-development-and-reform-commission-joins-party-says-qe3-likelihood-appears-high)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 10:06 Just in case there was any concern which way China is leaning ahead of today's meeting, here is the missing clue:

China's NDRC official says likelihood of US QE3 appears highs
China's NDRC official says US QE3 will push up commodity prices and will intensify hot money flows
China's NDRC official says QE3 will threaten Chinese price stability
Of course, China is quite adept at saying one thing and meaning another. And with inflation there continuing to surge, and no chance of a loose monetary policy any time soon, China will be very delighted to see the Fed to another round of easing. After all by the time, exported inflation hits China it will be at least 3-6 months down the line, by which point China should have its inflation problem under control. So with Goldman and China both egging Bernanke on, we doubt there is much surprise left in today's 2:15pm announcement.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436370+--+From+ZeroHedge:+China%20National%20Development%20And%20Reform%20Commission%20Joins%20The%20Party,%20Says%20QE3%20Likelihood%20Appears%20High)
Comments: 69 (http://www.zerohedge.com/news/china-national-development-and-reform-commission-joins-party-says-qe3-likelihood-appears-high#comments)
New Comments: 69 (http://www.zerohedge.com/news/china-national-development-and-reform-commission-joins-party-says-qe3-likelihood-appears-high#new)

09.08.2011, 16:58
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
European Funding Concerns Keep Kneejerk Euphoria In Check (http://www.zerohedge.com/news/european-funding-concerns-keep-kneejerk-euphoria-check)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 10:33 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Euribor%20OIS.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Euribor%20OIS.jpg)

The same robots that accelerated the selloff yesterday, are in charge of the buying this morning, as the mean reversion signals kick in, potentially with a helping hand from the Citadel/FRBNY JV. Yet the "all clear" is nowhere to be found, and in fact confidence continues to evaporate.Today, investors and risk managers have once again shifted their attention across the Atlantic, where the epicenter of this morning's unease is to be found once again in the form of European funding concerns. Exhibit A is the Euribor/OIS spread which at +5.4 bps, and rising, is now at 46.8 bps, the highest since June 2009 (see chart below). Add to this yet another day of unprecedented strength in the Swiss Franc which has now undone all SNB intervention from last week, courtesy of ongoing bank runs across Europe which will be disclosed to the broader public only once it is too late, and we are fairly confident that absent very encouraging language from the Fed, the market's focus will once again shift to Europe and its ridiculously insolvent bad bank, the ECB, at which point the algos will have no chance against yet another onslaught of global selling.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436371+--+From+ZeroHedge:+European%20Funding%20Concerns%20Keep%20Kneejerk%20Euphoria%20In%20Check)
Comments: 3 (http://www.zerohedge.com/news/european-funding-concerns-keep-kneejerk-euphoria-check#comments)
New Comments: 3 (http://www.zerohedge.com/news/european-funding-concerns-keep-kneejerk-euphoria-check#new)
by DormRoom (http://www.zerohedge.com/users/dormroom)
on Tue, 08/09/2011 - 10:39
#1542412 (http://www.zerohedge.com/news/european-funding-concerns-keep-kneejerk-euphoria-check#comment-1542412)
QE3 will stop the bleeding.. Then China will come in and buy up the expanded EFSF. Euroland is saved.

by Sudden Debt (http://www.zerohedge.com/users/sudden-debt)
on Tue, 08/09/2011 - 10:41
#1542421 (http://www.zerohedge.com/news/european-funding-concerns-keep-kneejerk-euphoria-check#comment-1542421)
Germany just announced that the EFSF won't be expanded.
Looks like the info still needs to trickle down a bit more before the markets get the clue :)

09.08.2011, 17:07
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Macro Commentary: The Endgame Of TBTF Banks And Rising Rates (http://www.zerohedge.com/news/macro-commentary-endgame-tbtf-banks-and-rising-rates)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 10:49 Global markets are stabilizing a bit after authorities worldwide are pulling out all the stops to stem the bloody tide. Greece and South Korea have followed Italy’s recent lead and even banned the short-selling of equities. Brazilian Finance Minister Mantega said the G-20 was prepared to take action to calm the global crisis. The concerns over the debt levels of Italy, a country which is Too-Big-To-Bailout, are quickly spreading to the US as Citigroup and Bank of America both fell over 15% yesterday...No matter which way you turn, all roads lead to the TBTF banks, their leverage and the $700tr derivatives market. Until these issues are resolved, we will continue to go through bouts of panic, instability and market routs. The entire global economic system is threatened by the continued status quo regarding our TBTF banks and the global derivatives market. Everything else is just noise. Governments can be upgraded or downgraded, currencies can rise and fall and equity markets can rally or sell-off. But if one of the TBTF banks collapses, the game will change immediately to one of fear and collapse as the size of the potential asset write-downs that will follow is simply overwhelming.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436372+--+From+ZeroHedge:+Macro%20Commentary:%20The%20Endgame%20Of%20TBTF%20Banks%20And%20Rising%20Rates)
Comments: 8 (http://www.zerohedge.com/news/macro-commentary-endgame-tbtf-banks-and-rising-rates#comments)
New Comments: 8 (http://www.zerohedge.com/news/macro-commentary-endgame-tbtf-banks-and-rising-rates#new)
by Cdad (http://www.zerohedge.com/users/cdad)
on Tue, 08/09/2011 - 11:02
#1542517 (http://www.zerohedge.com/news/macro-commentary-endgame-tbtf-banks-and-rising-rates#comment-1542517)

all roads lead to the TBTF banks
Until such time as these hideously corrupt institutions are broken up, we shall continue to flounder within the Greater American Depression. Their soul function is that of front running and skimming any glimmer of economic hope in this country. As such, they will continue to thwart what we really need now...true capital formation.
Capital will not form in banks as corrupt as ours. Pink slips, please. 100,000 terminated criminal syndicate Wall Street bankers would be a good start.

09.08.2011, 17:23
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Volume Speaks Volumes... Again (http://www.zerohedge.com/news/volume-speaks-volumes-again)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 11:01 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/volume%208.9.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/volume%208.9.jpg)

The levitation resumes. And as expected, the second this happens the volume divergence from average goes red. Good to see that no matter how big of a beating they experience, the robots will always be here, apocalypse or shine. In the meantime, the carbon-based whales are sitting on the sidelines until 2:15 pm. Anything less than the expected from the gospel of St. Chairsatan will promptly push the volume bar from red to green, and the direction of stocks (inversely) appropriately.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436373+--+From+ZeroHedge:+The%20Volume%20Speaks%20Volumes...%20Again)
Comments: 28 (http://www.zerohedge.com/news/volume-speaks-volumes-again#comments)
New Comments: 28 (http://www.zerohedge.com/news/volume-speaks-volumes-again#new)
by Hedgetard55 (http://www.zerohedge.com/users/hedgetard55)
on Tue, 08/09/2011 - 11:03
#1542523 (http://www.zerohedge.com/news/volume-speaks-volumes-again#comment-1542523)
It's all on the Chairsatan this afternoon. The wrong statement and it's DOW 10k here we come. There may be a sell the news event anyway at 2:15. I'm sure the boyz have already been tipped off as to what is coming.

by hedgeless_horseman (http://www.zerohedge.com/users/hedgelesshorseman)
on Tue, 08/09/2011 - 11:05
#1542526 (http://www.zerohedge.com/news/volume-speaks-volumes-again#comment-1542526)

I'm sure the boyz have already been tipped off as to what is coming.
Giant Squid flat while other "banks" up big. Hmmmmm.

by fuu (http://www.zerohedge.com/users/fuu)
on Tue, 08/09/2011 - 11:12
#1542565 (http://www.zerohedge.com/news/volume-speaks-volumes-again#comment-1542565)
Zombie cats bouncin'.
BAC +7.0%
C +10.25%
WFC + 4.5%

09.08.2011, 17:50
Die Superreichen, die in Israel das Sagen haben (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Superreichen-die-in-Israel-das-Sagen-haben/story/16486553)

http://files.newsnetz.ch/story/1/6/4/16486553/24/teaserbreit.jpg?1312904216 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Superreichen-die-in-Israel-das-Sagen-haben/story/16486553) Israels Mittelschicht fordert die politische Macht zurück, die sie einer superreichen Minderheit überlassen hat: Rund 20 Familien kontrollieren Israels Wirtschaft. Ihr Einfluss auf die Politik ist immens......

.....Laut einer 2010 veröffentlichten Studie der Bank of Israel kontrollieren 22 grosse Unternehmensgruppen die Hälfte des Finanzmarktes und 70 Prozent des Handels und der Dienstleistungen. Gerade mal zehn einflussreiche Familien kontrollierten etwa 30 Prozent des Marktes. Es handle sich um eine pyramidenähnliche Struktur, so Konstantin Kosenko, der Autor der Studie, zu Haaretz.com. Eine Vielzahl von Unternehmen werde von grösseren Unternehmen kontrolliert, die wiederum von einer Person oder Familie kontrolliert werde. Die seien an Konkurrenz nicht interessiert, es gehe ihnen vielmehr darum, die Politik zu ihren Gunsten zu beeinflussen. «Wir gleichen Korea mehr als wir westlichen Ländern gleichen», sagte Kosenko im Juni 2010.

Wie stark die Tycoons Israels Politik beeinflussen, zeigt der Umstand, dass der israelische Premierminister Benjamin Netanyahu sich kurz nach Amtsantritt mit einigen der Top-Businessleute des Landes traf. Den grossen politischen Einfluss der wenigen Superreichen bezeichnete nicht nur der Bank-of-Israel-Ökonom als Gefahr für die Demokratie. «Wir sehen Reichtum durch das Parlamentsgebäude gehen», sagte laut Reuters im Juni 2011 der Parlamentssprecher Reuben Rivlin in einem Radiointerview. «Reichtum kontrolliert immer mehr das Urteilsvermögen der Leute, welche von der Öffentlichkeit gewählt wurden, um die Interessen Israels zu vertreten.».......(...das ist leider nicht nur in Israel so :mad)

Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Superreichen-die-in-Israel-das-Sagen-haben/story/16486553)

Von Monica Fahmy (http://www.tagesanzeiger.ch/stichwort/autor/monica-fahmy/s.html). Aktualisiert um 16:41 Uhr 34 Kommentare (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Superreichen-die-in-Israel-das-Sagen-haben/story/16486553#kommentar)

Marc Peer - 16:43 Uhr
Die beschriebene Hierarchie mit der eklatant ungleichen Reichtums- und Machtverteilung dürfte heute schätzungsweise auf jedes westliches Land zutreffen. Auch die Schweiz.

09.08.2011, 18:08
....ein wenig abgewandelt - so ist es leider :oo

«Reichtum kontrolliert immer mehr das Urteilsvermögen der Leute, welche von der Öffentlichkeit gewählt wurden, um die Interessen des Volks zu vertreten.»

09.08.2011, 18:19
Politik: 9. August 2011, 16:57

Verbaler Schlagabtausch zwischen Syrien und der Türkei (http://www.nzz.ch/nachrichten/politik/international/asad_weist_tuerkische_forderungen_strikt_zurueck_1.11847045.html)

http://www.nzz.ch/images/asad_small_1.11847249.1312899970.jpg (http://www.nzz.ch/nachrichten/politik/international/asad_weist_tuerkische_forderungen_strikt_zurueck_1.11847045.html) Asad lehnt Forderungen bei Besuch des türkischen Aussenministers in Damaskus ab

(http://www.nzz.ch/nachrichten/politik/international/asad_weist_tuerkische_forderungen_strikt_zurueck_1.11847045.html)Wegen der anhaltenden Gewalt gegen die Protestbewegung hat die Türkei ihren Druck auf Syriens Präsidenten Asad verstärkt. Dieser reagiert ungehalten auf Ankaras Warnungen und lehnt Kompromisse kategorisch ab. Der Krieg gegen das eigene Volk geht weiter .

(dpa/sda/afp) Schlagabtausch mit starken Worten in Damaskus: Als der türkische Aussenminister Davutoglu am Dienstag eine «ernste» Botschaft von Ministerpräsident Erdogan an Syriens Präsident Asad übergab, reagierte dieser ungehalten. «Wenn Sie wegen eines Kompromisses gekommen sind, dann lehnen wir ihn ab. Wenn Sie aber Krieg wollen, dann können Sie ihn haben - in der ganzen Region» :dumm zitierten ihn libanesische Medien in Beirut....

:gomad der tickt aber nicht einmal mehr halbwegs :gomad :kotzVisage

09.08.2011, 18:29
WATCH: Jon Stewart Calls U.S. Credit Rating Downgrade 'A Slap In The Face' (http://www.huffingtonpost.com/2011/08/09/jon-stewart-america-credit-rating-downgrade_n_921880.html)

http://i.huffpost.com/gen/324837/thumbs/s-STANDARD-AND-POORS-large300.jpg (http://www.huffingtonpost.com/2011/08/09/jon-stewart-america-credit-rating-downgrade_n_921880.html)

....Standard & Poor's ---> average and below average :oo:lach

Video: http://www.thedailyshow.com/watch/mon-august-8-2011/rise-of-the-planet-of-the-aas

09.08.2011, 19:17
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guest Post: The Best Looking Horse In The Glue Factory (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 12:01 http://www.cartoonstock.com/newscartoons/cartoonists/mgo/lowres/mgon117l.jpgThe politicians and bankers who control the developed world have made the choice to print money and create more debt as their solution to an un-payable debt problem. Europe, Japan, the U.S., and virtually every country in the world want to dev.alue their way out of a debt problem created over the last forty years. It has become a race to the bottom, with no winners. Every country can’t devalue their currency simultaneously without blowing up the entire worldwide monetary system. But, it appears they are going to try. The United States will never actually default on its debts. Ben Bernanke will attempt to default slowly by paying back the interest and principal to foreigners in ever more worthless fiat dovllvvars. This will work until the foreigners decide to pull the plug. For now interest rates are low and the U.S. is the best looking horse in the glue factory. But we all know what happens to all the horses in the glue factory – even Mr. Ed.

.....Buffett has since turned into a Wall Street/Washington apologist, talking his book. He declared this weekend the US deserves a quadruple A :dumm rating. He has tried to protect his investments in GE, Goldman Sachs, Moodys and Wells Fargo by declaring their businesses as sound and their balance sheets clean. He is now just a standard issue sellout spewing whatever will protect his vast fortune. Truth is now optional in Buffett World......


http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436377+--+From+ZeroHedge:+Guest%20Post:%20The%20Best%20Looking%20Horse%20In%20The%20Glue%20Factory)
Comments: 59 (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory#comments)
New Comments: 59 (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory#new)
by bigdumbnugly (http://www.zerohedge.com/users/bigdumbnugly)
on Tue, 08/09/2011 - 12:08
#1542815 (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory#comment-1542815)
still horseshit no matter how it looks

by lunaticfringe (http://www.zerohedge.com/users/lunaticfringe)
on Tue, 08/09/2011 - 12:39
#1542901 (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory#comment-1542901)
Absolutely loved this piece. I too have been witnessing Buffet 'sell out" and that makes sense.
The only way these asshats can make money is to keep you playing their game. Make no mistake about it- it is their game and you ain't gonna beat them at it. If you refuse to play their game, Warren has nobody to sell that paper to. So he has been selling out. Saying anything imaginable to keep the sheep from fleeing the game. Quadruple A rating? What a fucktard.
Sorry Warren, all you represent to me is one more lying, theiving ruling class member. Remember this- asshat. He who dies with the most toys- still dies. Muhahahah

by piceridu (http://www.zerohedge.com/users/piceridu)
on Tue, 08/09/2011 - 12:11
#1542826 (http://www.zerohedge.com/news/guest-post-best-looking-horse-glue-factory#comment-1542826)
JQ, nice post!
Is this even possible?
“It is true that liberty is not free, nor is it easy. But tyranny – even varying degrees of it – is much more difficult, and much more expensive. The time has come to rein in the federal government, put it on a crash diet, and let the people keep their money and their liberty.” Ron Paul
I guess you don't need a phd to know what the fuck is going on...

09.08.2011, 19:21
London Riots: Fourth Night Of Violence Feared (http://www.huffingtonpost.co.uk/2011/08/09/london-riots-450-arrested_n_921816.html)

http://i.huffpost.com/gen/324756/thumbs/s-LONDON-large300.jpg (http://www.huffingtonpost.co.uk/2011/08/09/london-riots-450-arrested_n_921816.html) 16,000 Police To Hit Streets.. LIVE UPDATES (http://www.huffingtonpost.co.uk/2011/08/09/london-riots-450-arrested_n_921816.html)

Comments (http://www.huffingtonpost.co.uk/2011/08/09/london-riots-450-arrested_n_921816.html#comments)
| Boris Johnson (http://www.huffingtonpost.com/news/boris-johnson)

09.08.2011, 19:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Meet America's New Largest Publicly Traded Company (If Only For A Few Minutes) (http://www.zerohedge.com/news/meet-americas-newest-largest-publicly-traded-company-if-only-few-minutes)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 13:47 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/AAPL%20XOM%202_0_0.jpg

Today we passed a historic milestone in which a company making niche fad products for the modern version of the Borg collective just surpassed in market cap a company extracting and processing the most valuable product for the modern industrial economy. We doubt this will be sustained (at some point Americans will be forced to pay their mortgages, probably after the TARP 2 rescue of Bank of America), but in the meantime, and for those collecting "first ever" charts, here is Apple trading above XOM in market cap, making it the largest publicly traded company in the US.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436381+--+From+ZeroHedge:+Meet%20America%27s%20New%20Largest%20Publicly%20Traded%20Company%20%28If%20Only%20For%20A%20Few%20Minutes%29)
Comments: 6 (http://www.zerohedge.com/news/meet-americas-newest-largest-publicly-traded-company-if-only-few-minutes#comments)
New Comments: 6 (http://www.zerohedge.com/news/meet-americas-newest-largest-publicly-traded-company-if-only-few-minutes#new)
...da bin ich bei $40 raus - vor dem Split :dumm schon eine Weile her :grrrr

09.08.2011, 21:12
By Kate Gibson Aug. 9, 2011, 2:51 p.m. EST
NEW YORK (Marketwatch) -- Wall Street erased strong gains and slid hard Tuesday after the Federal Reserve vowed to keep its benchmark interest rate low at least through mid-2013. The Federal Open Market Committee also said it had spoken about a range of tools to help the... Full Story (http://www.marketwatch.com/story/us-stocks-mostly-lower-in-wake-of-fed-statement-2011-08-09)


09.08.2011, 21:14
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Update: 2.04%..... 10 Year Drops To 2.17%, Lowest Since January 2009 (http://www.zerohedge.com/news/10-year-drop-217-lowest-january-2009)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 15:02 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/10%20Year_2.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/10%20Year_2.jpg)But shhhh, don't anybody tell stocks they are trading about 30% higher than where they should be based on this yield.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436389+--+From+ZeroHedge:+Update:%202.04%.....%2010%20Year%20Drops%20To%202.17%,%20Lowest%20Since%20January%202009)
Comments: 9 (http://www.zerohedge.com/news/10-year-drop-217-lowest-january-2009#comments)
New Comments:

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
And Plunge Resumes: ES Under 1100 (http://www.zerohedge.com/news/and-plunge-resumes-es-under-1100)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 14:48 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/ES%20double.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/ES%20double.jpg)

The several hour reprieve on expectations that the Fed's infinite moral hazard would continue unabated, runs out. Plunge resumes. Which means Bernanke needs to shock the living feces out of everyone before his repeat performance at Jackson Hole in 3 weeks. In the meantime, many more traders go bankrupt. Too bad none of them have discount window access.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436388+--+From+ZeroHedge:+And%20Plunge%20Resumes:%20ES%20Under%201100)
Comments: 33 (http://www.zerohedge.com/news/and-plunge-resumes-es-under-1100#comments)
New Comments:

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
And... Scramble For Safety (http://www.zerohedge.com/news/and-scramble-safety)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 14:37 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/CHF%208.9.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/CHF%208.9.jpg)

While stocks right now are trading based on mean reversion algos and other trivial and highly irrelevant drivers of noise, the scramble for safety spikes, with both the 10 Year yield plunging post the announcement (no forced steepening yet), and the USDCHF hitting fresh all time lows of 0.7185, and the EURCHF about to test parity even ahead of our aggressive timeline. That person crouched in a corner, crying violently in a helpless daze is none other than SNB president Philipp Hildebrand who has just thrown in the towel on fighting the Fed while playing by its rules.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436387+--+From+ZeroHedge:+And...%20Scramble%20For%20Safety)
Comments: 39 (http://www.zerohedge.com/news/and-scramble-safety#comments)
New Comments:

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Immediate FOMC Reaction - "The Face Your Rip Off" Unrally (http://www.zerohedge.com/news/immediate-fomc-reaction-face-your-rip-unrally)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 14:28 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Post%20FOMC.jpg

Market reponse in one chart. We expect about 10 more kneejerk reactions imminently before the market realizes this is not good

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436386+--+From+ZeroHedge:+Immediate%20FOMC%20Reaction%20-%20%22The%20Face%20Your%20Rip%20Off%22%20Unrally)
Comments: 49 (http://www.zerohedge.com/news/immediate-fomc-reaction-face-your-rip-unrally#comments)
New Comments:

09.08.2011, 21:29
+++ Liveticker +++

Fed garantiert Niedrigst-Leitzins bis Mitte 2013 (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,779106,00.html)

Die US-Notenbank Fed will der schwächelnden Wirtschaft noch lange unter die Arme greifen: Bis Mitte 2013 soll der Leitzins quasi bei null Prozent verbleiben. Ein sofortiges Anleihe-Kaufprogramm wird es aber offenbar nicht geben - der Dow Jones sinkt. Die Entwicklungen im Liveticker. mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,779106,00.html) [ Video (http://www.spiegel.de/video/video-1142458.html) | Forum (http://forum.spiegel.de/showthread.php?t=41444) ]

09.08.2011, 21:32

Euro-Franken-Parität nach Fed-Entscheid erreicht (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/EuroFrankenParitaet-nach-FedEntscheid-erreicht/story/12558111)

http://files.newsnetz.ch/story/1/2/5/12558111/186/teaserbreit.jpg?1312917608 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/EuroFrankenParitaet-nach-FedEntscheid-erreicht/story/12558111) Die Investoren an der Wall Street reagieren enttäuscht auf den Beschluss der US-Notenbank, vorerst keine weiteren Staatsanleihen zu kaufen. Der Franken erreichte um ein Haar die gefürchtete Parität zum Euro. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/EuroFrankenParitaet-nach-FedEntscheid-erreicht/story/12558111)

Aktualisiert vor 15 Minuten 95 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/EuroFrankenParitaet-nach-FedEntscheid-erreicht/story/12558111#kommentar)

21.03 - Parität zum Euro - Euro-Franken-Parität

Der Schweizer Franken hat mit einem Tief von 1,0075 die Parität zum Euro praktisch erreicht, aber immerhin noch nicht unterschritten. Im Anschluss an die Bekanntgabe des Zinsentscheides in den USA ist der Franken nochmals stärker geworden.

Kurz vor 21 Uhr wurde der Euro zu 1,0152 Franken gehandelt, der US-Dollar zu 0,7136 Franken. Das Tief des US-Dollars lag bei 0,7069 Franken. Der Franken hat allein während des Handels am heutigen Tag gegenüber dem Euro von gut 1,08 Franken im frühen Geschäft um beinahe acht Rappen zugelegt.


09.08.2011, 21:36
...............................:bad eine italienische VOGUE kostet CHF 19.90 :bad

09.08.2011, 21:42
http://frontal21.zdf.de/ZDF/img/labels/label_blog.gif (http://blog.zdf.de/zdfdasblog/2011/08/09/krisenmanagement-a-la-fukushima/)
http://frontal21.zdf.de/ZDFde/s_img/101/0,6992,7161061-render-O4-,00.jpg (http://blog.zdf.de/zdfdasblog/2011/08/09/krisenmanagement-a-la-fukushima/)
Krisenmanagement à la Fukushima :gomad:gomad:gomad
von Hilke Petersen

Erinnern Sie sich noch an den japanischen Regierungssprecher Yukio Edano? Nach dem Atomunfall in Fukushima am 11. März füllte er täglich die Nachrichten mit seinen beschwichtigenden Lageberichten. Keine direkten Gefahren für die Gesundheit, so sein Dauer-Kommentar. Er und die japanische Regierung haben die Lage verharmlost, Gefahren verschwiegen. (http://blog.zdf.de/zdfdasblog/2011/08/09/krisenmanagement-a-la-fukushima/)

http://frontal21.zdf.de/ZDFde/s_img/6/0,6992,7124102-render-O4-,00.jpg (http://frontal21.zdf.de/ZDFde/inhalt/1/0,1872,8316865,00.html)

[b]Zweierlei Maß in Ost und West (http://frontal21.zdf.de/ZDFde/inhalt/1/0,1872,8316865,00.html)

von Manka Heise und Wolfgang Kramer

Selbst über 20 Jahre nach der Wiedervereinigung gibt es noch Probleme bei der Überleitung der Alterssicherung der DDR in das bundesdeutsche Rentenrecht. Einzelne Gruppen leiden besonders unter der Ungleichbehandlung. Beispielsweise diejenigen, die zu DDR-Zeiten im Gesundheits- und Sozialwesen gearbeitet hatten. [mehr] (http://frontal21.zdf.de/ZDFde/inhalt/1/0,1872,8316865,00.html)


09.08.2011, 22:08
........................................................ Dow (http://finance.yahoo.com/q?s=%5EDJI)11,239.77+429.92+3.98%

09.08.2011, 22:20
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Goldman's Take: "Fed Returns To Monetary Easing" (http://www.zerohedge.com/news/goldmans-take-fed-returns-moentary-easing)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 15:25 BOTTOM LINE: Despite three dissents--the largest number since 1992--the committee adopted an even easier policy stance than expected: first, the committee now anticipates that rates will stay on hold "at least through mid-2013." Second, the committee effectively signaled an easing bias saying that it is prepared to employ additional easing steps as appropriate.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436391+--+From+ZeroHedge:+Goldman%27s%20Take:%20%22Fed%20Returns%20To%20Monetary%20Easing%22)
Comments: 91 (http://www.zerohedge.com/news/goldmans-take-fed-returns-moentary-easing#comments)
New Comments:
by Popo (http://www.zerohedge.com/users/popo)
on Tue, 08/09/2011 - 15:46
#1543591 (http://www.zerohedge.com/news/goldmans-take-fed-returns-moentary-easing#comment-1543591)
I'm not sure I agree with the analysis that "Goldman ordered it. Goldman got it".
There was no new round of QE announced today. Just some words about "standing at the ready".
What we just saw was what a lot of people expected we'd see: Jawboning and nothing else.
The Fed is out of bullets. Their last round of QE utterly failed in every possible way **and** wrecked the dollar to the tune of 20% of its value.
The Fed was faced with a crashing market and no bullets, so instead of shooting they pointed their gun and threatened to shoot.
So far, the market believes the skit that was just acted out on global television. But soon enough they'll figure out that it was only a skit.
Sure, it could still happen. But I sure didn't see Goldman getting QE3 just now...

by Stax Edwards (http://www.zerohedge.com/users/stax-edwards)
on Tue, 08/09/2011 - 15:31
#1543523 (http://www.zerohedge.com/news/goldmans-take-fed-returns-moentary-easing#comment-1543523)
No QE3. They got a statement that ZIRP lasts till 2013. I disagree that Goldman got what they wanted no matter how you try and spin it. As of today, No QE3 is the takeaway.
Even you (TD) claimed QE3 was coming yesterday.
About F'N time IMO.

by Tyler Durden (http://www.zerohedge.com/users/tyler-durden)
on Tue, 08/09/2011 - 15:32
#1543531 (http://www.zerohedge.com/news/goldmans-take-fed-returns-moentary-easing#comment-1543531)
Considering that it is Goldman itself saying they got more than it wanted, we fail to see the spin... And taking out 2 year of duration risk is effectively the same thing as Operation Twist 2. In case you missed it, the 2 Year is trading inside both IOER and Libor.
But yes, no LSAP.
That will come in due course.

09.08.2011, 22:25
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
A Look At How $58 Billion In USD Purchases Buys You 4 Days Of FX Intervention (http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 15:54 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/BOJ%20Intervention.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/BOJ%20Intervention.jpg)It was just 4 days ago that the BOJ purchased Y4.5 trillion (or $58 billion) worth of dollars in the open market to lower the Yen against the dollar. Well, that intervention last not even a full 4 days. As the chart below shows it is time for Shirakawa and Noda to start watching... watching... watching... the yen as it once again approaches all time highs against the dollar. But at least the equity market is confused enough to believe that 2 years of projected deflation is good for risk. Ben wins.... if only for a few hours. The irony is that everyone expected that a fixed inflation (or in this deflation) calendar language is the weakest of the Fed's options. Now that this is precisely what has been utilized, a soft form of Operation Twist 2 which locks in the rates on the 2 Years as explained previously, the market is cheering it deliriously. Once the market has slept on it, it will likely realize why it was so skeptical as recently as 2 hours ago on the viability of this approach.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436392+--+From+ZeroHedge:+A%20Look%20At%20How%20$58%20Billion%20In%20USD%20Purchases%20Buys%20You%204%20Days%20Of%20FX%20Intervention)
Comments: 12 (http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention#comments)
New Comments:
by Debtless (http://www.zerohedge.com/users/debtless)
on Tue, 08/09/2011 - 16:03
#1543660 (http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention#comment-1543660)
It's not like the $58 billion cost them anything. You get what you pay for i guess.

by reefermadness (http://www.zerohedge.com/users/reefermadness)
on Tue, 08/09/2011 - 16:04
#1543665 (http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention#comment-1543665)
And after that nothings changed much, buy gold.

by adr (http://www.zerohedge.com/users/adr)
on Tue, 08/09/2011 - 16:05
#1543668 (http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention#comment-1543668)
From 10627 to 11239. 612 points in an hour and fifteen minutes. WTF to infinity man. Nasdaq up 125 points.
That is just too much. GREAT HOCKEY STICK CLOSE PPT!!!

09.08.2011, 22:27
09 August 2011

Federal Open Market Committee Pledges Monetary Easing Through 2013 (http://jessescrossroadscafe.blogspot.com/2011/08/federal-open-market-committee-release.html)

http://3.bp.blogspot.com/-8PbzidR7uqs/TkGLAR8HmBI/AAAAAAAARhc/Au2kh5I2An4/s200/lloydflag.JPG (http://3.bp.blogspot.com/-8PbzidR7uqs/TkGLAR8HmBI/AAAAAAAARhc/Au2kh5I2An4/s1600/lloydflag.JPG)
About what one might have expected.

No specific action at this time, but reassurances that the Fed recognizes the downturn in the economy, with fresh evidence of this since their last meeting in June, and higher risks to recovery through lack of confidence in financial assets.

The Fed changed the wording from 'extended period' to 'through 2013.' I had expected them to say 2012 but since this is not a binding limit it is of little consequence.

There were three dissenting votes, from Plosser (Phila), Kocherlakota (Minn), and Fisher (Dallas), based according to reports primarily on this statement regarding longer term easing based on economic conditions. "...are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013." I tend to think that their dissent, if based solely on this, represented some sort of intellectual stand, as the statement clearly represents no firm commitment to rate policy, but is intended to put some meat in the reassurance. There is recent precedent for this approach in other central banks. It is intended to convey intent to reassure the longer term horizon of business decision, but is clearly not a commitment.

And if the dissent was based on a desire to RAISE rates, which I highly doubt, I would think that those governors might be operating in some alternate universe with different relationships and conditions. I am open to contrary arguments, but it is most likely that a desire to raise rates would be based on some ideological persuasion or first principle rather than on sound economic theory.

The dissenting votes may feed into the 'no confidence' in the governance of the country based on ideological differences and zombie economic theories that continue to hinder real recovery.

But at the end of the day its QE through 2013 and the markets will most likely recover from these extreme short term trends, barring new difficulties especially from Europe. How robust that recovery will be is another matter. The inability to reform is a significant impediment to growth and a return to normalcy.

Whether any sort of a sustained rally ensues is another matter. The system appears to be broken, corrupt, and dysfunctional. The solution may not appear until the suffering becomes more widespread, shaking the fortunate out of their comfortable complacency.

I should add here that if the equity market does not respond sufficiently we may see the entry of the Exchange Stabilization Fund and its house banks, either into the close or tomorrow. They tend to do this to reinforce some Fed action.

Federal Open Market Committee
Release Date: August 9, 2011

Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up. Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed. However, business investment in equipment and software continues to expand. Temporary factors, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan, appear to account for only some of the recent weakness in economic activity. Inflation picked up earlier in the year, mainly reflecting higher prices for some commodities and imported goods, as well as the supply chain disruptions. More recently, inflation has moderated as prices of energy and some commodities have declined from their earlier peaks. Longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Moreover, downside risks to the economic outlook have increased. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate further. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.

To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.

The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability. It will continue to assess the economic outlook in light of incoming information and is prepared to employ these tools as appropriate.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen.

Voting against the action were: Richard W. Fisher, Narayana Kocherlakota, and Charles I. Plosser, who would have preferred to continue to describe economic conditions as likely to warrant exceptionally low levels for the federal funds rate for an extended period. Posted by Jesse at 2:22 PM (http://jessescrossroadscafe.blogspot.com/2011/08/federal-open-market-committee-release.html) :verbeug

10.08.2011, 08:19
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Price Of A Big Mac Is Now $17.19 In Zurich :mad (http://www.zerohedge.com/news/price-big-mac-now-1719-zurich)(obwohl ich McD nicht auf meiner RestaurantListe habe :oo)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 18:24 It's all about supply and demand. Increased demand for the Swiss franc coupled with expanded supply of dollars and euros has caused the franc to surge over the last weeks and months. It wasn't too long ago that it would take 1.20 francs to buy a US dollar. Now it takes $1.40 to buy a single franc. I can think of a lot of words to describe the performance of the US dollar. Farce. Joke. Lunacy. Embarrassment. Disgusting. But it's more clearly summed up like this: the price of a Big Mac is in Zurich is now so high (at $17.19) that a minimum wage employee in Minneapolis, Minnesota, would have to work for nearly 4-hours in order to afford it. This is what stability looks like to Ben Bernanke.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436399+--+From+ZeroHedge:+The%20Price%20Of%20A%20Big%20Mac%20Is%20Now%20$17.19%20In%20Zurich)
Comments: 201 (http://www.zerohedge.com/news/price-big-mac-now-1719-zurich#comments)
New Comments:
by ElvisDog (http://www.zerohedge.com/users/elvisdog)
on Tue, 08/09/2011 - 20:16
#1544699 (http://www.zerohedge.com/news/price-big-mac-now-1719-zurich#comment-1544699)
although people in Switzerland would not thouch that crappy almost edible artificial semi-food item very often
I was in Lausanne last year and the McD's there was packed. It was October, not many tourists around.

by Hard1 (http://www.zerohedge.com/users/hard1)
on Tue, 08/09/2011 - 20:58
#1544802 (http://www.zerohedge.com/news/price-big-mac-now-1719-zurich#comment-1544802)
I heard that even Elvis' dog loves it in AAmerica

by KowPie (http://www.zerohedge.com/users/kowpie)
on Tue, 08/09/2011 - 18:42
#1544382 (http://www.zerohedge.com/news/price-big-mac-now-1719-zurich#comment-1544382)
Soooo..... If I invest in 100,000 big macs in minnesota and have them shipped to zurich I could roughly quadruple my investment? Hmmm... McFutures it is! :bad

10.08.2011, 08:32
Marc Faber on Fed Decision, Treasury Market, Gold

Marc Faber, publisher of the Gloom, Boom & Doom report, discusses today’s Federal Reserve policy decision and the prospects for another asset-purchase program by the Fed. Faber, talking with Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart,” also talks about the Treasury market and investing in gold.


....oder ausführlicher bei ZH (auch schon bei den Goldies)

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Marc Faber: "The Best Thing The Fed Could Do For Markets Wold Be To Collectively Resign" (http://www.zerohedge.com/news/marc-faber-best-thing-fed-could-do-markets-wold-be-collectively-resign)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/09/2011 - 19:16 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/faber%204.8.jpgIn a Bloomberg TV interview following today's quixotic "QE3/non-QE3 announcement, which is Operation Twist 2, but not LSAP, and ushers in economic recession, even as it sends risk assets soaring, and somehow pushes the 2 Year a whopping 20 bps tighter so buy,buy, buy" and is really very much ado about nothing, the always outspoken Marc Faber had some very choice words about life, the universe and especially the residents of the Marriner Eccles building. While there still appears to be some confusions as to whether today's Fed decision to peg rates at zero for 2 years is QE3 or not, Faber believes that the decision to not enact more Large Scale Asset Purchases is "the right thing" although when it comes to the market, it "is more likely to move still lower. We are very oversold. We can have a rebound like we did today, maybe we'll have a rebound next week or so, but in general I think we will test the July lows of last year, the S&P at 1,010. After that, probably we'll get probably a QE3 announcement." Naturally, Faber does not think gold is in a bubble, and as to what one can do with gold, his response is that "you give your girlfriend copper rings and I give them gold rings and I keep them longer." Indeed, no bubble there. Last but not least is his suggestion what the Fed should do: "The best [the Fed] could do for markets would be to collectively resign." Precisely, which is why it will never happen.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436401+--+From+ZeroHedge:+Marc%20Faber:%20%22The%20Best%20Thing%20The%20Fed%20Could%20Do%20For%20Markets%20Wold%20Be%20To%20Collectively%20Resign%22)
Comments: 195 (http://www.zerohedge.com/news/marc-faber-best-thing-fed-could-do-markets-wold-be-collectively-resign#comments)

10.08.2011, 09:04
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Goldman Sachs: "QE3 Is Now Our Base Case" (http://www.zerohedge.com/news/goldman-sachs-qe3-now-our-base-case)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 01:49
While there is speculation whether today's historic announcement by the Fed in which it dated the beginning of the end of ZIRP, and in reality just the beginning of the beginning, is some form of shadow QE3, what is certain is that there is no Large Scale Asset Purchasing component to it yet. As such while the market immediately discounted the impact of 2 years of duration risk elimination (roughly 70 ES point equivalent), this has now been priced in, and the market must now look to mechanisms by which the it will have to absorb ~ $2.0 trillion in debt issuance over the next year without Fed help (and to those sticking to some modified version of MMT, keep in mind there is only $1.6 trillion in excess reserves so even a full recycling thereof would be insufficient to match demand of funds). Enter Goldman Sachs which puts the argument to bed: "We now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012." Why? Because what was lost in the noise today is that the US economy is contracting and the unemployment rate is rising: i.e., we are reentering a recession. And what the Fed did today is absolutely powerless to change this even from the Fed's point of view. Quote Hatzius: "This would probably mean more QE if their forecast converged to our own modal view of a flat-to-higher unemployment rate through the end of 2012, let alone our downside risk case of a renewed recession." But what about the historic dissent? Ah, therein lies the rub: "We view Chairman Bernanke's willingness to live with the dissents as a strong signal that he and the rest of the Fed leadership view the need for renewed easing as more important than the institutional norm of consensus decisionmaking." So there you go. The market will wake up tomorrow with a hangover, and say the one word it always does: "More." Absent that, the slide will, as predicted, resume, and it is none other than Goldman Sachs who has once again, just like back in 2010, set the strawman up for the Fed doing simply more of the same which does nothing to actually fix the economy, but bring us all closer to that epic meltdown discussed by Andy Lees earlier, and by Zero Hedge over the past two and a half years.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436404+--+From+ZeroHedge:+Goldman%20Sachs:%20%22QE3%20Is%20Now%20Our%20Base%20Case%22)
Comments: 16 (http://www.zerohedge.com/news/goldman-sachs-qe3-now-our-base-case#comments)
New Comments:
by gwar5 (http://www.zerohedge.com/users/gwar5)
on Wed, 08/10/2011 - 02:48
#1545346 (http://www.zerohedge.com/news/goldman-sachs-qe3-now-our-base-case#comment-1545346)
Looks like the QE3 helicopter is warming up.

by darkstar7646 (http://www.zerohedge.com/users/darkstar7646)
on Wed, 08/10/2011 - 02:57
#1545354 (http://www.zerohedge.com/news/goldman-sachs-qe3-now-our-base-case#comment-1545354)
It took off about 2 PM Eastern yesterday (Tuesday) afternoon.
That was one of the most blatant PPT rig jobs I've seen ever.
The market was crapping all over the Fed's announcement, and was probably going to shed another 700 or so until the PPT stepped in and literally bought everything.

10.08.2011, 09:25
Airplane Banner: 'Thanks For The Downgrade. You Should All Be Fired' (http://www.huffingtonpost.com/2011/08/09/airplane-downgrade-wall-street-s-and-p_n_922565.html)

On Tuesday, less than a week after Standard and Poor's downgraded U.S. credit for the first time in history, a plane circled lower Manhattan with a banner that read: "Thanks for the downgrade. You should all be fired," according to a tweet by AmericanBanker (http://twitter.com/#%21/AmerBanker/status/100953643368448001). It has since come out that the stunt was paid for by an unnamed broker from St. Louis, according to Fortune (http://finance.fortune.cnn.com/2011/08/09/about-that-plane-over-sp/).

But if the patron had gotten her first choice, the plane would have been circling another city center.

"I originally wanted to fly it over Washington, D.C., but learned that you can't do that," she told Fortune (http://finance.fortune.cnn.com/2011/08/09/about-that-plane-over-sp/) anonymously, for fear of losing her job. "So I chose Wall Street instead, but didn't specifically intend it to fly over S&P.".......

http://i.huffpost.com/profiles/2043924.png?20110807210737 (http://www.huffingtonpost.com/social/Archie_Bonker?action=comments)
Archie Bonker (http://www.huffingtonpost.com/social/Archie_Bonker?action=comments)
17 Fans (http://www.huffingtonpost.com/social/Archie_Bonker)
32 minutes ago (2:42 AM)
darn it if you can afford a plane with a banner,you are not as bad off as the rest of us.

http://i.huffpost.com/profiles/719850.png?20090925150613 (http://www.huffingtonpost.com/social/tehixe?action=comments) HUFFPOST SUPER USER
tehixe (http://www.huffingtonpost.com/social/tehixe?action=comments)
318 Fans (http://www.huffingtonpost.com/social/tehixe)
51 minutes ago (2:23 AM)
Considerin*g S&P helped sell worthless securities*, then made a 2 billion dollar math error in rating the US's credit, I think they should be the first on the chopping block.

10.08.2011, 09:31
Randale in Großbritannien

Schwere Krawalle erschüttern Manchester (http://www.spiegel.de/panorama/0,1518,779340,00.html)

http://www.spiegel.de/images/image-246986-breitwandaufmacher-eeft.jpg (http://www.spiegel.de/panorama/0,1518,779340,00.html) http://www.spiegel.de/static/sys/v9/buttons/but_foto.png (http://www.spiegel.de/fotostrecke/fotostrecke-71409.html)http://www.spiegel.de/static/sys/v9/buttons/but_video.png (http://www.spiegel.de/video/video-1142665.html)

Brennende Häuser, zersplitterte Scheiben, geplünderte Läden: Hunderte Jugendliche haben in der Innenstadt von Manchester randaliert - die Krawalle erfassten auch andere britische Städte wie Nottingham und Birmingham. In London dagegen blieb es ruhig, dank eines Aufgebots von 16.000 Polizisten. mehr... (http://www.spiegel.de/panorama/0,1518,779340,00.html) [ Video (http://www.spiegel.de/video/video-1142665.html) | Forum (http://forum.spiegel.de/showthread.php?t=41496) ]

Heute, 06:36 Loewe_78 (http://forum.spiegel.de/member.php?u=89807)
Wer sozialen Unfrieden säht, erntet sozialen Unfrieden.
Die öffentliche Sicherheitundordnung einfach weggespart, im Geiz und in der Schonung derer, die diese am ehesten benötigen. Weil sie viel mehr besitzen als alle anderen zusammen. Von ihren Millionen und Milliarden aber nix abgeben wollen, dass alle anderen auch was haben können.
Schade nur, dass, wenn schon Häuser brennen müssen, nicht deren Häuser brennen.

10.08.2011, 10:02
Wirtschaft: 10. August 2011, 09:37

Kampf gegen starken Franken verstärkt (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/nationalbank_franken_staerke_kampf_1.11854405.html)

http://www.nzz.ch/images/nationalbank_snb_large_1.11854653.1312960389.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/nationalbank_franken_staerke_kampf_1.11854405.html)Schweizerische Nationalbank will Liquidität ausweiten

(http://www.nzz.ch/nachrichten/wirtschaft/aktuell/nationalbank_franken_staerke_kampf_1.11854405.html)Die Schweizerische Nationalbank ergreift weitere Massnahmen gegen den starken Franken. Gemäss einer Mitteilung soll die Liquidität ausgeweitet werden. Laut der Nationalbank stellt die starke Schweizer Währung eine Bedrohung für die Wirtschaftsentwicklung in der Schweiz dar

(sda) Die Schweizerische Nationalbank (SNB) unternimmt innerhalb von nur einer Woche einen weiteren Versuch zur Abschwächung des Frankens. Während der Kurs des Euro zum Franken in der Nacht fast auf 1:1 fiel, werfen die Währungshüter noch mehr Franken auf den Markt.

Massnahmen schnell verpufft

Die Nationalbank strebt einen raschen Anstieg der Sichtguthaben (Giroguthaben) der Banken bei der SNB auf 120 Mrd. Fr. an. Vor genau einer Woche hatte die Notenbank in einem aufsehenerregenden Schritt diese Menge von 30 Mrd. auf 80 Mrd. Franken angehoben, allerdings schien der Effekt der Massnahme schnell zu verpuffen und der Franken wurde noch stärker.

Vor einer Woche senkte die SNB ihr Ziel für den Leitzins auf möglichst nahe Null.....

....dann werden die Mieten noch teurer und noch mehr Spekulanten kaufen Häuser zu horrenden Preisen :bad niemand hat was gelernt :dumm


10.08.2011, 10:14
Moody´s: China versteckt hunderte Milliarden Dollar an Schulden (http://www.wirtschaftsfacts.de/?p=13030)

August 9, 2011

Nicht nur die USA oder Europa haben ein ihnen über den Kopf wachsendes Schuldenproblem. Chinas Verschuldung sei genauso hoch oder vielleicht noch höher als die der USA oder des insolventen Portugals. Offiziell erreichten Chinas Staatsschulden rund 17% seiner jährlichen Wirtschaftsleistung. Dem widerspricht Moody’s Investors Service, da das Land hunderte Milliarden Dollar seiner Schulden in unzähligen Staatsfirmen versteckt habe. Moody´s gab bekannt, Diskrepanzen in Chinas Bilanzführung entdeckt zu haben. Auf Basis eigener Analysen könnten die chinesischen Staatsschulden um rund $540 Milliarden höher liegen als durch staatseigene Unternehmensprüfer ausgewiesen....

......Selbst mit einem AA+ Rating haben die Vereinigten Staaten ein noch besseres Rating als China, das durch S&P mit der Bewertung AA- eingestuft wird. S&P habe die versteckten Schulden des Landes bereits im Länderrating Chinas berücksichtigt........

Weiterlesen» (http://www.wirtschaftsfacts.de/?p=13030#more-13030)


10.08.2011, 10:44
Massenklagen und Abmahnwellen nehmen rapide zu (http://www.extremnews.com/nachrichten/computer/a4491390873c023)

http://www.extremnews.com/nachrichten/computer/a4491390873c023/ea1f1390876d0ba/image_article (http://www.extremnews.com/nachrichten/computer/a4491390873c023) Erbittert wehrt sich die Medienindustrie gegen den wirtschaftlichen Schaden durch Piraterie. Mit entsprechend harten Bandagen geht sie immer häufiger gegen individuelle User vor, die Inhalte unerlaubt im Internet teilen. Massenklagen stehen insbesondere in den USA bereits an der Tagesordnung. Hierzulande machen Anwaltskanzleien primär mit Abmahnungen erfolgreich Jagd auf Filesharer. Die eröffneten Fälle haben dabei zuletzt neue Rekordwerte erreicht. Weiter ... (http://www.extremnews.com/nachrichten/computer/a4491390873c023)
10.08.2011 07:57

:rolleyes:schwitz man darf bald nix mehr veröffentlichen :mad die sollen doch froh sein wenn ihre Seite angeklickt wird :oo

10.08.2011, 10:46

Europas Börsen schwächeln bereits wieder (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Europas-Boersen-schwaecheln-bereits-wieder/story/16218129)

http://files.newsnetz.ch/story/1/6/2/16218129/63/teasersmall16x9.jpg?1312965840 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Europas-Boersen-schwaecheln-bereits-wieder/story/16218129) Die europäischen Börsen sind freundlich in den Handel gestartet. Der SMI legte zu Beginn kräftig zu. Nun dreht der Wind aber wieder. Der Nikkei-Index hat ein Prozent höher geschlossen. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Europas-Boersen-schwaecheln-bereits-wieder/story/16218129)

Aktualisiert vor 1 Minute :rolleyes:schwitz

10.08.2011, 11:23
August 10, 2011 3:37 AM (http://kliguy38depression2news.blogspot.com/2011/08/hallelujah.html?showComment=1312965475699#c1988450821287396301) http://4.bp.blogspot.com/_YMBMbPxU7UQ/TM7aE7c8VXI/AAAAAAAAAEY/DYyQFoNPPSc/S45/darth-vader-face.jpg (http://www.blogger.com/profile/00694442242807509636)
kliguy38 (http://www.blogger.com/profile/00694442242807509636) said....
http://www.msnbc.msn.com/id/21134540/vp/44079837#44079837 Good job to Ratigan, if he can keep this up without getting fired sign me up for his political campaign. If he does get fired.. I hereby pledge to personally set him up with some ramen noodles or Alpo (not clean drinking water though I'm not made of money). You won't starve Ratigan, you won't starve.. None of us will actually, of the few things the government is good at, preventing famine is one of them. We have the land and the guns to hold it, so we won't starve. The standard of living is VASTLY MORE FLEXIBLE THAN WE THINK but America will find a way to make it.

The magic of America is that our bread lines are always full of bread, our soup lines always full of soup. In the end, we do the right thing. Like Churchill said, once we've exhausted all other options, Americans do the right thing.


10.08.2011, 15:04
Deutschland und Schweiz legen Steuerstreit bei

http://www.cash.ch/services/img/news/120/5889_Deutschland%5FSchweiz%5FFlaggen.jpg Aktualisiert um 12:26 Uhr

Deutschland und die Schweiz haben nach ihren jahrelangen Streit um deutsche Schwarzgelder auf Konten eidgenössischer Geldinstitute beigelegt......

......In den Verhandlungen haben sich beide Seiten nun auf einen Satz von 26 Prozent geeinigt, wie verschiedene Medien schon im Vorfeld berichtet hatten. Dies entspricht dem in Deutschland geltenden Steuersatz für Kapitalerträge, wie das EFD schreibt.

Auskunftsgesuche mit Kundennamen

Steuerflüchtlinge aus Deutschland sparen künftig in der Schweiz also keine Steuern mehr, bleiben aber anonym. Damit wird das Bankgeheimnis gewahrt.

Um zu verhindern, dass neues unversteuertes Geld in der Schweiz angelegt wird, wurde vereinbart, dass die deutschen Behörden Auskunftsgesuche stellen können, die den Namen des Kunden, jedoch nicht zwingend den Namen der Bank enthalten müssen. Die Gesuche sind zahlenmässig beschränkt und bedürfen eines «plausiblen Anlasses», wie das EFD schreibt.

Nachbesteuerung für Altvermögen

Die seit Jahren auf Schweizer Konten liegenden Schwarzgelder sollen durch eine einmalige, pauschal bemessene Steuer legalisiert werden können. Der Steuersatz beträgt zwischen 19 und 39 Prozent des Vermögensbestandes. Sie wird aufgrund der Dauer der Kundenbeziehungen sowie des Anfangs- und Endbetrages des Kapitalbestandes festgelegt.

Anstelle eines solchen Zahlung sollen die Betroffenen die Möglichkeit haben, ihre Bankbeziehung in der Schweiz gegenüber den deutschen Behörden offenzulegen.....

mehr » (http://www.cash.ch/news/topnews/deutschland_und_schweiz_legen_steuerstreit_bei-1065296-771)

10.08.2011, 15:11
...eigentlich ist das doch total bescheuert :dumm

10.08.2011, 15:32
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Rule 48 Invoked (http://www.zerohedge.com/news/rule-48-invoked)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 09:17 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Rule%20548%208.10.jpg

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436421+--+From+ZeroHedge:+Rule%2048%20Invoked)
Comments: 28 (http://www.zerohedge.com/news/rule-48-invoked#comments)
New Comments:
by Sudden Debt (http://www.zerohedge.com/users/sudden-debt)
on Wed, 08/10/2011 - 09:25
#1545857 (http://www.zerohedge.com/news/rule-48-invoked#comment-1545857)



by JuicedGamma (http://www.zerohedge.com/users/juicedgamma)
on Wed, 08/10/2011 - 09:26
#1545858 (http://www.zerohedge.com/news/rule-48-invoked#comment-1545858)
"Dow Jones’ Kristina Peterson explained it pretty well in a story earlier this month. She writes that basically it means the designated market makers 'will not have to disseminate price indications before the bell, making it easier and faster to open stocks. The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.'"

10.08.2011, 16:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Goldman Goes Short The Dollar On QE3 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 09:45 Yesterday Goldman finally made it clear that Bill Dudley's marching orders are given: QE3 or no soup for you. Well, it didn't take long for the order from top to hit Goldman's FX desk, which has just issued this logical note: "Going short the USD on additional Fed easing." Odd, no easing has yet been announced, and according to so many none will come. But Goldman said so. So it must be.

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Comments: 29 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comments)
New Comments:
by HelluvaEngineer (http://www.zerohedge.com/users/helluvaengineer)
on Wed, 08/10/2011 - 09:47
#1545966 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1545966)
Why do I get this nagging feeling the real people in charge just threw Goldman under the bus?

by Smiddywesson (http://www.zerohedge.com/users/smiddywesson)
on Wed, 08/10/2011 - 09:54
#1546001 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1546001)
Everybody in financials got some sugar yesterday but them.
Their trading desk didn't get no lovin' last quarter either.
God's work isn't paying so well anymore, is it?

by Mactheknife (http://www.zerohedge.com/users/mactheknife)
on Wed, 08/10/2011 - 09:57
#1546027 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1546027)
Pretty sure the Bernank quit GS and went to work over at the JP Morgue. Somebody call Jamie and see what he says about it.

by TruthInSunshine (http://www.zerohedge.com/users/truthinsunshine)
on Wed, 08/10/2011 - 10:08
#1546082 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1546082)
This is the ultimate Goldman fade.
They won't get what they want.
Given the bad taste the name of Goldman Sachs, alone, produces in response to those who hear it, Goldman Sachs is being set up as the proverbial election year sacrificial lamb by ObaMao, who has cast his eyes upon Jamie Dimon (who claimed just yesterday that QE3 is not wanted or needed) and JP Morgan as the new de facto King of Finance (and King of Financing Obama's re-election).
Jamie Dimon has waited a long time to be able to eliminate Goldman Sachs and swallow up their client base.

by GetZeeGold (http://www.zerohedge.com/users/getzeegold)
on Wed, 08/10/2011 - 10:14
#1546116 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1546116)
Pardon me.....but doesn't Goldman run bartertown?

by EscapeKey (http://www.zerohedge.com/users/escapekey)
on Wed, 08/10/2011 - 09:47
#1545967 (http://www.zerohedge.com/news/goldman-goes-short-dollar-qe3#comment-1545967)
Well, there's a bullish signal. For the Dollar, that is.

....nicht, dass alle diese comments so toll finde - aber wenigstens sind sie unterhaltsam :oo:D

10.08.2011, 16:34
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
The Run On SocGen Begins? Bank Down 17% On Rumors It Is On The Verge (http://www.zerohedge.com/news/run-socgen-begins-bank-down-17-rumors-it-verge)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 09:56 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/SocGen.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/SocGen.jpg)Update: SOCGEN NOT IMMEDIATELY AVAILABLE FOR COMMENT: RTRS.

Following earlier news that French CDS hit a record high on a rumor of an imminent French downgrade, the bloodbath in financials, first started in Italy, with 3 consecutive halts in Intesa causing endless headaches for Italin investors, the red tide has now shifted over to France, where SocGen, three years after fooling the Chairsatan that the world was ending and pushing him to cut rates by an unprecedented 0.75% on what was a trader error, now succeeded in getting the chairsatan to extend ZIRP for two years... And still that is not helping. SocGen was down 17%21% as recently as minutes ago, on a repeat rumor that SocGen is indeed on the verge of insolvency, and that it participated in an extraordinary meeting convened by Sarkozy this morning. We are following the story and will let you know if we see any halt in the relentless selling of the bank which is rapidly becoming the next Lehman. Elsewgere, BNP was down over 8%10%, and Credit Agricole about -7.5%9.2%. "If credit default swaps on France are under attack that’s not a good sign,” said Yves Marcais, a sales trader at Global Equities in Paris. “That means that France is under attack and that’s worrisome. French banks hold a lot of French bonds." Translated: another vicious and quite toxic catch 22, stemming from the blow out in French CDS. When will they ever learn?

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Comments: 59 (http://www.zerohedge.com/news/run-socgen-begins-bank-down-17-rumors-it-verge#comments)
New Comments:
by EscapeKey (http://www.zerohedge.com/users/escapekey)
on Wed, 08/10/2011 - 09:57
#1546030 (http://www.zerohedge.com/news/run-socgen-begins-bank-down-17-rumors-it-verge#comment-1546030)
German taxpayers to the rescue!

by Ahmeexnal (http://www.zerohedge.com/users/ahmeexnal)
on Wed, 08/10/2011 - 10:19
#1546142 (http://www.zerohedge.com/news/run-socgen-begins-bank-down-17-rumors-it-verge#comment-1546142)

10.08.2011, 16:48
Today 07:05 AM #4147 (http://www.goldismoney2.com/member.php?33-Aussie) Aussie (http://www.goldismoney2.com/member.php?33-Aussie) :thanx

http://www.goldismoney2.com/images/icons/icon1.png From Bill H over at Le Metropole Cafe . . .

This pretty much sums up the current state of play quite well . . . .

To all; what can The Fed possibly say today? And what if the markets start unravelling again later today or this week? They really have no ammunition left and can only announce another round of QE but the sheeple investors only need look out their windows or at their portfolios and know that QE1 and 2 have done nothing and were complete abject failures. We stand directly in front of the biggest unravelling and financial panic in ALL of history, bar none!

The Fed has done anything and everything they could have possibly dreamed up over the last 3 years as the Federal government put the pedal through the floorboards with fiscal stimulus. Both The Fed and Treasury have completely ruined their balance sheets in the process. The Fed now has more than $1 Trillion of basically worthless assets that they took onto their books in 2008 and '09 to save the banks. And God only knows how much more as the recent $16 Trillion epiphany of secret loans revealed. The Treasury has finally hit the wall and Washington and Wall St. now know that "credit available" is not unlimited. My point is this, I have said all along that the entire system and nearly all of its' parts are a PONZI SCHEME and the system to survive continually needs more money and more credit. Both money and credit are (amounts and quality) are being called into question and thus the Ponzi is collapsing on itself which all have before and all will in the future. Ponzi schemes by definition all end in comple failure.

Gold ran to $1,780 overnight (has since backed off) and the stock markets are firm this morning on some short covering and "bargain" (bargain my ass) hunting. What happens immediately after the Fed announcement and the remainder of the week will be very telling. If The Fed does not talk QE3 the stock markets could unravel completely by this Friday. Please remember that everything is now computerized and literally $ Trillions can attempt to exit a window all at once with no buyers to be found. On the other hand, The Fed may offer another round of QE which will spook our foreign creditors and the Dollar and Treasury markets will implode. If markets react negatively, Gold will be seen by more and more as THE global safe haven.

You must understand that EVERYTHING and all kitchen sinks will be thrown at the markets this afternoon and this week. "They" absolutely know that they cannot allow in any way shape or form, even the appearance of weakness. "They" cannot allow ANY momentum to the downside here and now or ALL will be lost. When I say "all" I mean THE ENTIRE SYSTEM as we know it. Any downside momentum will overwhelm the remaining small firearms left to the Fed and Treasury, monetary canons and Treasury bazookas have already been fired. "The system" has gotten far too large for them to control anymore. "It" (the system) has gotten far too large by necessity as all Ponzi schemes must grow or die, period. In order to get to where we are now "they" had to "feed" the system, the only problem is that when you continue to feed the system it gets larger and larger and requires more and more food (credit). We are now at a point in time where the "food" requirement is larger than the sovereigns are able to provide. The "system" is now larger than any and all sovereign governments combined.

We will probably witness some very crazy financial happenings with just as crazy policy response. Remember, desperate people do desperate things and these are surely desperate times. This is not about whether the markets go up or down anymore, this is about the continuation of or discontinuation of the system as we know it. Bank stocks and Gold are telling you this if you are listening. Please remember that Bear Stearns was a " AAA" credit one Friday and did not exist 10 days later when the markets opened on Monday. Lehman Bros., same story only worse because they were " allowed" to fail. With the amounts of volatility over the last 2 weeks I can guarantee you that there are "walking dead" among us. By this I mean INSOLVENT. These "insolvents" are part of the derivatives daisy chain which invalidates, bankrupts, and makes $1Quadrillion+ worth of paper assets worse than suspect.

This $1 Quadrillion (only $600+ Trillion after governmental massaging/lying) is a huge black hole of NO VALUE. Just who the hell is going to pay $ Trillions upon a default? Who has the money? The short answer is NO ONE including the U.S. government or any other government on the planet. Yes, yes The Fed can create it as the lender of last resort but this doesn't "fix" the insolvent party. So the "winner" of the trade gets paid, the loser borrows and goes bankrupt and The Fed or Treasury gets stuck holding the bill. This was a "2008-09 synopsis" but we are again back to the very same place financially. Only this time with a seriously hobbled (read bankrupt) Treasury and central bank AND a system that has had 3 years to create MORE and MORE derivatives. Short and sweet, same exact problems only bigger and now no ability to do the same things again financially nor politically. So we sit and wait to hear The Fed spew babble which very well may spark further selling of paper assets and purchases of seriously finite Gold supplies. This is the exact "endgame" as predicted by the Austrian school of economics.

The "Austrians" have had this pegged all along. Yes of course they were laughed at early in the 2000's as they could not prove their theories that were "hidden" with Friedmanlike manipulations and Keynseian sleight of hand but they were, in the end exactly correct. The Austrians were correct then and are correct now, I do not even know why there is an "Austrian school" of economics, it should just be called the good old common sense that it is! Gold bugs and Austrians were called every name in the book and none of them good, all I can say is that The United States of America nor the rest of world would be facing today's moments had "the school of common sense" been attended, taught, followed and actually used. Maybe next time? It won't be too long now I assure you.

Regards, Bill H.

10.08.2011, 17:34
Syrische Armee nimmt Hochburg des Protests ein (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Syrische-Armee-nimmt-Hochburg-des-Protests-ein/story/24513966)

http://files.newsnetz.ch/story/2/4/5/24513966/10/teasersmall16x9.jpg?1312989649 (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Syrische-Armee-nimmt-Hochburg-des-Protests-ein/story/24513966) Vier Tage belagerten die Truppen die Stadt Deir al-Zor, nun sind die Soldaten ins Zentrum eingerückt. Die Versorgung ist offenbar zusammengebrochen. Es fehle Babynahrung, sagen Aktivisten. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Syrische-Armee-nimmt-Hochburg-des-Protests-ein/story/24513966)

Aktualisiert um 15:49 Uhr 1 Kommentar (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Syrische-Armee-nimmt-Hochburg-des-Protests-ein/story/24513966#kommentar)

.....das ist viel schlimmer als unsere Schei$$Börsen :gomad:oo

10.08.2011, 18:44
(http://2012.com.pa/)S&P erschüttert US-Papierimperium: Abstufung tausender Munibonds erfolgt (http://www.wirtschaftsfacts.de/?p=13048)

August 10, 2011

Nach Herabstufung der erstklassigen Bonitätseinschätzung der US-Bundesregierung senkte die Ratingagentur Standard & Poor’s nun auch die Kreditqualität tausender US-Kommunalanleihen. Da die betroffenen Kommunen größtenteils von Subventionen aus Washington abhängig sind, sei auch deren AAA-Rating nicht mehr zu rechtfertigen, wie es in einer Erklärung hieß. Der nominale Gesamtwert dieser Anleihen lässt sich derzeit zwar noch nicht genau feststellen, doch laut einer Mitteilung von Moody´s Investors Service von Mitte Juli handele es sich um mehr als 7.000 Munibonds mit einem nominalen Gesamtwert von rund $130 Milliarden.

Weiterlesen» (http://www.wirtschaftsfacts.de/?p=13048#more-13048)

....ob da eine Absicht dahinter steckt - wäre ja schon seit ewigen Zeiten fällig gewesen - nur jetzt haut's doppelt :rolleyes:confused:oo

10.08.2011, 18:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Guess what? It IS 2008, or at least late 2007! (http://www.zerohedge.com/news/guess-what-it-2008-or-least-late-2007)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 11:17 The market is selling off today on rumors and fears of some European bank being on the brink of default. Monday, it was BAC that was rumored to be in big trouble. Markets are moving again because of rumors of bank problems. That sounds a lot like 2007 and 2008 to me. People are shooting first, asking questions later again. Any of SocGen, Intesa, Dexia, BAC are big enough to provide the market with a “Lehman moment”. Notice the geographical diversification? The contagion was never really at the sovereigns, it is at the banks. I have argued over and over that each sovereign problem was relatively independent; whereas, the banks are all inter-connected.

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Comments: 133 (http://www.zerohedge.com/news/guess-what-it-2008-or-least-late-2007#comments)
New Comments: 133 (http://www.zerohedge.com/news/guess-what-it-2008-or-least-late-2007#new)
by Peter K (http://www.zerohedge.com/users/peter-k)
on Wed, 08/10/2011 - 11:33
#1546571 (http://www.zerohedge.com/news/guess-what-it-2008-or-least-late-2007#comment-1546571)
Hate to break the bad news to you Tyler, but the bank are in trouble because they bought soveriegn debt. They bought soveriegn debt because it was AAA paper, and because the governments told them that the debt had an implicit gurantee;) Now where have we heard that one before? GSE anyone?
But what killed the soveriegns is.... wait for it... socialism.
See how the puzzle fits together;)
BTW Socialism es muerte.

10.08.2011, 19:04
by PaperBugsBurn (http://www.zerohedge.com/users/paperbugsburn)
on Wed, 08/10/2011 - 11:47
#1546681 (http://www.zerohedge.com/news/gold-explodes-surges-new-record-over-1787#comment-1546681)


HSBC: The World’s Dirtiest Bank

August 10, 2011 — Dean Henderson

(Excerpted from Chapter 2: Big Oil & Their Bankers…)

In late July, First Niagara Financial Group announced that it would buy 195 retail bank branches in New York and Connecticut from HSBC for around $1 billion. [1] HSBC acquired the branches when it bought the spooky Marine Midland in 1980. According to Global Finance, the UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36 trillion in assets. [2] Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars. During the Vietnam War HSBC laundered CIA heroin proceeds.

In Saigon the opium junta which Lucien Conein and Ed Lansdale had installed instructed the South Vietnamese military to dole out heroin to Chinese Triad syndicates who moved it to Hong Kong. The CIA’s Thai Generals used the same Chui Chao Triads as mafia kingpin Santos Trafficante. The Thais often sent morphine to Hong Kong, which was refined into heroin by the Hong Kong police. [3]

Deak & Company was the major gold dealer in Hong Kong and its operations were crucial to the CIA guns for heroin trade. Founded by OSS operative Nicholas Deak, it became the largest currency and gold trader in the US after WWII. Deak financed CIA adventures in Vietnam, the Mossadegh coup in Iran and the CIA’s assassination of nationalist Prime Minister Patrice Lumumba in the Congo. Deak used a Swiss subsidiary, Foreign Commerce Bank of Zurich, and its US Deak Perera branch to lure flight capital from wealthy Third World elites, mainly cocaine money from Argentina. When Deak suddenly went bankrupt in 1985, its Hong Kong depositors were left in the lurch. [4]

Long before the Vietnam War, the British elite had made a healthy living smuggling opium from the region. Lord Shelbourne launched the Chinese opium trade in 1783 with Scottish merchants from the East India Company and members of the House of Windsor-allied Knights of St. John Jerusalem.

Shelbourne’s chief propagandist was Adam Smith who worked for East India, which emerged from the slave-trading Levant Company and later became known as Chatham House, home to the powerful Royal Institute for International Affairs (RIIA). East India worked with members of two secret societies – the Muslim Assassins and the Christian Knights Templar – in organizing the global drug trade. In 1776 the high seas pirate Adam Smith wrote Wealth of Nations, which became the bible of international capitalism.

In the Far East the British organized the Triad Society, also known as the Society of Heaven and Earth, to smuggle their opium. Beginning in 1788 the Freemason Grand Lodge of England established lodges in China, one of which was the Triad Society. Another was known as the Order of the Swastika.

The Triads were so named due to the significance of the pyramid to the global elite. The apex of a pyramid represents a king’s power to the ancient Freemasons, who promote monarchy as a form of government. The base of a pyramid represents the masses of workers who are the king’s subjects. Superimposed with an inverted pyramid representing godly powers, the two pyramids form the Star of David, an ancient symbol used by the Freemason predecessor Knights Templar and now associated with the occult, Zionism and the state of Israel. [5]

In 1839 William Jardine- a Canton-based opium trafficker- steered Britain into the first Opium War after Chinese officials confiscated his stash. The second Opium War lasted from 1858-1860. Lord Palmerston commanded both expeditions for the Brits. He was also the High Priest of Scottish Rite Freemasonry in the British Empire. [6]

Throughout the 19th century the British families of Matheson, Keswick, Swire, Dent, Inchcape, Baring and Rothschild controlled the Chinese heroin traffic. The Inchcape’s and Baring’s Peninsular & Orient Steam Navigation Company (PONC) transported the dope around the world. When a British subject named Mohandas Ghandi spoke out against the opium trade in 1921, he was jailed by India’s British rulers for “undermining the revenue”.

To the US West Coast, the families brought Chinese coolies to build JP Morgan’s railroads, slave laborers who were kidnapped (shanghaied) by the Triads. The Triads came along too, setting up opium dens in San Francisco and Vancouver and using a network of Chinatowns as a channel for heroin. This network exists today. To the US East Coast the families brought African slaves and cotton. These same families built plantations and became kings of southern cotton on the backs of shanghaied Africans.

The Sutherland family, first cousins to the Mathesons, was the most powerful of these cotton families. The Barings owned the clipper ships, which brought cotton to the Old World, while shipping opium and slaves back to the New World. The Rothschild and Lehman families both entered the US via the pre-Civil War cotton trade. [7] The Lehman’s made their fortune smuggling cotton to the Union and guns to the Confederacy. The southern cotton barons were the channel through which the British fomented the US Civil War.

The American families Perkins, Astor and Forbes made millions off the opium trade. The Perkins’ founded Bank of Boston, which is today known as Credit Suisse First Boston. The Perkins and Morgan families endowed Harvard University. William Hathaway Forbes was a director at Hong Kong Shanghai Bank shortly after it was founded in 1866. John Murray Forbes was the US agent for the Barings banking family, which financed most of the early drug trade. The Forbes family heirs later launched Forbes magazine. Steve Forbes ran for President in 1996. John Jacob Astor invested his opium proceeds in Manhattan real estate and worked for British intelligence. The Astor family home in London sits opposite Chatham House.

The British-organized Shanghai Green Gangs cooperated with Chiang Kai-Shek, whose KMT Army came into being from a merger of several other Triad secret societies modeled after Scottish Freemasonry. The Masons trace their history back to the construction of the Tower of Babel. King Henry VIII opened Freemasonry to people other than builders who became known as Speculative Masons. Scottish Rite Freemasonry has thirty-two degrees of initiation, followed by a 33rd degree, which represents the human head atop the thirty-two vertebrae of the human back. [8] 33rd degree Masons are said to be Illuminated. A British Crown-backed coalition of Chui Chao Green Gangs and KMT massacred trade unionists and socialists in Shanghai in 1927, putting into action the Masonic credo Ordo ab Chao (order out of chaos).

J. H. Keswick was a prominent figure in the British-run Shanghai International Settlements where his brother Sir William Johnston Keswick was chairman from the 1930’s until the 1949 Chinese Revolution. Following the revolution Chiang Kai-Shek landed in Taiwan and his KMT Army fled to Burma. Keswick and his Shanghai Green Gangs moved their heroin refineries into Hong Kong, which the British seized from Chinese revolutionaries.

Cantonese heroin trafficker William Jardine followed suit, combining forces with fellow Anglo-Scot hongs, the Keswicks and William Sutherland Matheson, to form Jardine Matheson. The families launched the Hong Kong Shanghai Bank Corporation (HSBC) after the second Opium War as a repository for their opium proceeds. HSBC, a subsidiary of the London-based HSBC Holdings, today prints 75% of Hong Kong’s currency, while the British Cecil Rhodes-founded Standard Chartered Bank prints the rest. HSBC’s Hong Kong headquarters sits next to a massive Masonic Temple.

Freemasonry is a highly secretive society, making it an ideal vehicle for global drugs and arms trafficking. According to 33rd Degree Mason Manly Hall, “Freemasonry is a fraternity within a fraternity – an outer organization concealing an inner brotherhood of the elect…the one visible and the other invisible. The visible society is a splendid camaraderie of ‘free and accepted’ men enjoined to devote themselves to ethical, educational, fraternal, patriotic and humanitarian concerns. The invisible society is a secret and most august fraternity whose members are dedicated to the service of an arcanum arcandrum (sacred secret).”

The bankrupt Deak & Company’s role in the Hong Kong gold trade was filled by Sharps Pixley Ward, which holds a monopoly over the Hong Kong gold market. Sharps is 49%-owned by the Sharps Pixley subsidiary of British merchant bank Kleinwort Benson and 51%-owned by HSBC. Kleinwort is cozy with the Oppenheimer family’s Rio Tinto, which was founded by the British Matheson family with money generated from opium sales and with help from Schroeder Bank, which also financed Adolph Hitler.

According to a July 13, 2007 article in the Financial Times, Rio Tinto recently bought Alcan to become the world’s largest aluminum producer. In 2010 they set their sights on BHP Billiton in what would be a merger of the world’s two biggest mining companies.

Matheson’s heirs through marriage with the Fraser family are the Keswick family who now run Jardine Matheson, a wide-ranging conglomerate of shipping and industrial interests which also happens to own the Hong Kong Jockey Club, a known venue for drug money laundering. The Swire family controls Hong Kong’s Cathay Pacific Airlines, while the Inchcape family still runs the Peninsular Orient Navigation Company (PONC). J. H. Keswick, J.K. Swire and Sir Mark Turner all served in Britain’s Ministry of Economic Warfare during WWII and are all members of the RIIA, which was founded by Rio Tinto’s first chairman Lord Alfred Milner. These families dominate the board of directors at HSBC. [9] Current Directors include Lord Inchcape and Henry Neville Lindley Keswick.

The British Bank of the Middle East that dominates the flourishing Dubai gold trade is 100% owned by HSBC. In 1999 HSBC bought Lebanese financier Edmund Safra’s Republic Bank, another major player in world gold markets. HSBC had already purchased the CIA-favorite Marine Midland Bank, which is clearing agent for the government of Panama and owns the Samuel Montagu gold trading firm in London.

The HSBC ruling families have intertwining interests with other international mega-banks, the global gold and diamond trade and the Anglo/Dutch half of the Four Horsemen – Royal Dutch/Shell and BP Amoco.

Lord Armstrong of Ilminster sits on the boards of Royal Dutch/Shell, N. M. Rothschild & Sons, Rio Tinto Zinc and Inchcape, the holding company that controls PONC. Shell director Sir Peter Orr joins Lord Armstrong on Inchape‘s board. Cathay Pacific Airlines owner Sir John Swire is a director at Shell, while Shell director Sir Peter Baxendell joins Lord Armstrong on the board of the Matheson-founded and Oppenheimer-controlled Rio Tinto. [10] Shell also controls BHP Billiton.

Shanghai Settlements veteran and HSBC insider William Johnston Keswick sits on the board of BP Amoco with PONC’s #2 man Sir Eric Drake, who joins Rio Tinto board member Sir Mark Turner on the board of Kleinwort Benson, which owns 49% of the Sharp’s Pixley Hong Kong gold monopoly. Turner joins David Keswick on the board of HSBC’s Samuel Montagu, one of five firms who gather daily at N. M. Rothschild & Sons in London to “fix” the price of gold.

Jardine Matheson’s current chairman David Newbigging sits on the international advisory board at JP Morgan Chase and is arguably Hong Kong’s most powerful man. The Chairman of Morgan et Cie, the bank’s international division is Lord Cairncatto who also sits on the London Committee of HSBC. Cairncatto is also chairman of Morgan Grenfell, which in 1989 was purchased by Deutsche Bank. Cairncatto sits on the Ruling Council at the London-based Royal Institute for International Affairs- the Crown-controlled foreign policy think tank, whose US affiliate is the Council on Foreign Relations.

Jardine Matheson and PONC also have interlocking directorates and originate from the same Mackay family. Jardine founder James Sutherland Matheson was the son of Katherine Mackay. Mackay is the family name of the Earls of Inchcape. The current Chairman of PONC is Sir Hugh Mackay-Tallack, who is also Deputy Chairman of Standard Chartered Bank. The 3rd Earl of Inchcape J. W. Mackay is a director at Standard Chartered. His predecessor, the 2nd Earl of Inchcape, had advocated opium trafficking in a 1923 PONC annual report.

In 2006, when controversy swirled over the potential sale of US port operations to Dubai firm DP World, virtually no media attention was paid to the current contractor – PONC. Today the old opium transport firm has split into two parts. P&O NedLloyd, the shipping arm, was bought by AP Meller-Maersk, the massive Danish shipping firm controlled by the billionaire Maersk family. P&O, the port operator arm, was bought in 2006 by DP World. Each arm had controlled part interest in the Port of New York. In 2007 it was announced that its port operations would be sold to insurance giant AIG. The next year AIG went belly up.

HSBC has a big presence in Vancouver, which is on the receiving end of most US-bound Southeast Asian heroin. Canada’s Hudson Bay Company is controlled by P&O NedLloyd and the Keswick family that controls Jardine Matheson. P&O’s #2 man Sir Eric Drake sits on the board at Hudson Bay, while HSBC and Jardine Matheson director Henry Neville Lindley Keswick sits on the board of Canadian paper giant MacMillan Bloedel, which the British Duke of Devonshire controls.

Beginning in the early 1990’s HSBC went on a global shopping spree. In 1994 HSBC formed HongKong Bank Malaysia Berhad. In 1997 it formed Brazilian subsidiary Banco HSBC Bamarindus S.A. and acquired Argentina’s Roberts S.A. de Inversiones. In 1999 it bought Malta’s biggest commercial bank. [11]

In 2000 it has acquired France’s CCF, Turkey’s Demirbank TES and the Egyptian British Bank. In 2002 it bought Mexico’s Grupo Financiero Bital S.A. de C.V. and Turkey’s Benkar Turketici Finansmani ve Kart Hizmetleri A.S. It took over Bank of Bermuda and acquired stakes in China’s Ping An Insurance, India’s UTI Bank and China’s Bank of Communications. [12]

By 2003 HSBC was the world’s second largest bank. In November 2003 the bank’s Istanbul, Turkey headquarters was destroyed in a suicide bombing. A separate bombing that same day killed the British consul general.

In 2005 HSBC bought Household International, a dirty Chicago bank which researcher Sherman Skolnick says was incarnated out of the remnants of Australia’s Nugan Hand Bank. [13] Household is a subprime mortgage lender and was intimately involved in creating the US property bubble.

[1] http://www.buffalonews.com/business/article507598.ece

[2] http://www.gfmag.com/tools/best-banks/10619-worlds-50-biggest-banks.html... (http://www.gfmag.com/tools/best-banks/10619-worlds-50-biggest-banks.html#axzz1UdIodZrE)

[3] Hot Money and the Politics of Debt. R.T. Naylor. The Linden Press/Simon & Schuster. New York. 1987. p. 199

[4] Ibid. p. 323

[5] Rule by Secrecy: The Hidden History That Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins. New York. 2000

[6] Dope Inc.: The Book that Drove Kissinger Crazy. The Editors of Executive Intelligence Review. Washington, DC. 1992. p.114

[7] Ibid. p.125

[8] Masonry: Conspiracy Against Christianity. A. Ralph Epperson. Publius Press. Tuscon, AZ. 1997.

[9] The Editors of Executive Intelligence Review. p.193

[10] Annual Report. Shell Transport & Trading Company, p.l.c. 1991

[11] http://www.hsbc.com.tr/eng/about_HSBC/hsbc_group

[12] Ibid

[13] http://www.skolnicksreport.com/tripwire.html

www.deanhenderson.wordpress.com (http://www.deanhenderson.wordpress.com/)

10.08.2011, 19:32
http://l.yimg.com/hv/api/res/1.2/t_u_BQ.4lQe.7PGcchLWSw--/YXBwaWQ9eWZpbmFuY2U7aD05NDtxPTg1/http://l.yimg.com/a/p/i/bcst/yp/cnbc2/18893/126280774.jpg (http://finance.yahoo.com/video/cnbc-22844419/santelli-amp-whitney-battle-over-munis-26241171;_ylt=AguINRe3wO.LJi4iK8t8ersJo9IF;_ylu=X3oDMTE2Y2ZkaXJ2BHBvcwMxBHNlYwN2aWRlb19jbGlwcwRzbGsDc2FudGVsbGlhbXB3) Up Next (http://finance.yahoo.com/video/cnbc-22844419/santelli-amp-whitney-battle-over-munis-26241171;_ylt=Ar603XgrFNY3FoIDBipH_z0Jo9IF;_ylu=X3oDMTEwaWFrOXBwBHBvcwMzBHNlYwN2aWRlb19jbGlwcwRzbGsDdXBuZXh0)

Santelli & Whitney: Battle Over Munis (http://finance.yahoo.com/video/cnbc-22844419/santelli-amp-whitney-battle-over-munis-26241171;_ylt=AnhaU72vNpYRbJ4FjrrlYX4Jo9IF;_ylu=X3oDMTE2azJobGhuBHBvcwM0BHNlYwN2aWRlb19jbGlwcwRzbGsDc2FudGVsbGlhbXB3)

2 hours ago

CNBC 0:50 | 2944 views

CNBC's Rick Santelli and Meredith Whitney, Meredith Whitney Advisory Group debate over munis, in a heated exchange.
:rolleyes :confused :nw

10.08.2011, 20:06
Finanznachrichten: 10. August 2011, 12:02

Abgeltungssteuer mit Deutschland ist unter Dach (http://www.nzz.ch/finanzen/nachrichten/abgeltungssteuer_mit_deutschland_ist_unter_dach_1.11856568.html)

http://www.nzz.ch/images/deutschland_schweiz_fahne_small_1.11857248.1312970383.jpg (http://www.nzz.ch/finanzen/nachrichten/abgeltungssteuer_mit_deutschland_ist_unter_dach_1.11856568.html) Schweizer Banken zahlen insgesamt 2 Milliarden Franken

(http://www.nzz.ch/finanzen/nachrichten/abgeltungssteuer_mit_deutschland_ist_unter_dach_1.11856568.html)Deutschland und die Schweiz haben sich über die offenen Steuerfragen geeinigt. Ein Kompromiss konnte ausgehandelt werden, beide Seiten können ihre Ziele erreichen. Künftig kauft Deutschland keine gestohlenen CDs mehr, erhält dafür leichter Informationen über Steuersünder.

Z.B. Die Unterhändler der Schweiz und Deutschlands haben am Mittwoch in Bern die Verhandlungen über offene Steuerfragen abgeschlossen und sich auf den Vertragstext eines Steuerabkommens geeinigt. Das von den Unterhändlern Michael Ambühl, Staatssekretär des Eidgenössischen Finanzministeriums, und Hans Bernhard Beus, Staatssekretär des Bundesministeriums für Finanzen, paraphierte Abkommen respektiere einerseits den Schutz der Privatsphäre von Bankkunden und gewährleiste andererseits die Durchsetzung berechtiger Steueransprüche. Dies meldet das Eidgenössische Finanzdepartement....

.....hab im Spiegel gar keinen Aufschrei gefunden :rolleyes (oder nicht richtig geguckt :confused)



10.08.2011, 20:24
THE POWER PLAYERS (http://www.huffingtonpost.com/2011/08/10/mcconnell-boehner-deficit-committee-appointments_n_923312.html)
GOP Leaders Announce 'Super Congress' Picks (http://www.huffingtonpost.com/2011/08/10/mcconnell-boehner-deficit-committee-appointments_n_923312.html)
http://i.huffpost.com/gen/326066/thumbs/r-GOP-SUPER-CONGRESS-huge.jpg (http://www.huffingtonpost.com/2011/08/10/mcconnell-boehner-deficit-committee-appointments_n_923312.html)

All Six Republicans Signed Pledge Not To Raise Taxes (http://www.huffingtonpost.com/2011/08/10/mcconnell-boehner-deficit-committee-appointments_n_923312.html)

Comments (3,195) (http://www.huffingtonpost.com/2011/08/10/mcconnell-boehner-deficit-committee-appointments_n_923312.html#comments)
| Paul Ryan (http://www.huffingtonpost.com/news/paul-ryan)
.....unangenehme Köpfe :rolleyes (meine Meinung :oo)

10.08.2011, 20:51
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Fractal Algo Strikes Again, This Time Impacts Popular Bond Bear ETF TBT (http://www.zerohedge.com/news/fractal-algo-strikes-again-time-impacts-popular-bond-bear-etf-tbt)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 14:03 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Fractal%20TBT.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Fractal%20TBT.jpg)

After previously testing its mettle in such markets as Natural Gas (http://www.zerohedge.com/article/story-berserk-nat-gas-algo-just-got-really-strange)and Crude Oil (http://www.zerohedge.com/article/fractal-algo-strikes-again-infect-crude-oil-trading), the fractal algo, just like the StuxNet virus, is now ready to progress to its real test: equity products, and specifically ETFs. Courtesy of Nanex' sharp eyes (and extremely complicated market scanners), today we have the first official spotting of the fractal algo moving away from commodities and into extremely popular ETFs, in this case the bearish bond synthetic CDS better known as the TBT. The pattern below is quite unmistakeable. It is quite amazing that just one algorithm can override the entire market and determine the trading pattern of some as hugely popular as an ETF which most hold. We expect that very shortly, we will be observing daily fractal patterns in that most liquid and traded product of all- the SPY, as the market proceeds to become nothing more than a real life version of Nuke-em Duke-em robots.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436444+--+From+ZeroHedge:+Fractal%20Algo%20Strikes%20Again,%20This%20Time%20Impacts%20Popular%20Bond%20Bear%20ETF%20TBT)
Comments: 24 (http://www.zerohedge.com/news/fractal-algo-strikes-again-time-impacts-popular-bond-bear-etf-tbt#comments)
New Comments: 24 (http://www.zerohedge.com/news/fractal-algo-strikes-again-time-impacts-popular-bond-bear-etf-tbt#new)
by Larry Darrell (http://www.zerohedge.com/users/larry-darrell)
on Wed, 08/10/2011 - 14:10
#1547391 (http://www.zerohedge.com/news/fractal-algo-strikes-again-time-impacts-popular-bond-bear-etf-tbt#comment-1547391)
Self aware and moving toward its final destination?
Gotta love a move of 1.5% in 2 seconds.

by spiral_eyes (http://www.zerohedge.com/users/spiraleyes)
on Wed, 08/10/2011 - 14:40
#1547531 (http://www.zerohedge.com/news/fractal-algo-strikes-again-time-impacts-popular-bond-bear-etf-tbt#comment-1547531)
"arbitrage opportunity"

10.08.2011, 21:25
10 August 2011

Lessons Forgotten (http://jessescrossroadscafe.blogspot.com/2011/08/lessons-forgotten.html)

I do not and can not condone violence, ever, except in the most dire and extreme circumstances in defense of home and family. The resort to violence in the case of a powerful oppressor is to give them what they desire, the intention of their provocations: the excuse to repression, murder, and genocide.

But non-violence, as Gandhi so eloquently observed, is the weapon of the strong, of the clear-headed, of the disciplined and devoted, and of the exceptionally brave whose courage is deeply grounded in something other than themselves. Without exceptional leadership, it rarely occurs naturally."There is no bravery greater than a resolute refusal to bend the knee to an earthly power, no matter how great, and that without bitterness of spirit, and in the fullness of faith that the spirit alone lives, nothing else does."So as a response to prolonged injustice, violence often occurs, sparking mindlessly. To try and understand it, where its roots lie, is not to condone it, but to determine what it is and why it might be happening. This is the path to a lasting remedy.

Is this some excess of youth fueled by drink and wild spirits, as in the aftermath of a sporting event, or is it something more profound than the wildness of men in groups?

There is little doubt in my mind about the nature of what we are seeing today. I forecast the progress of these events years ago, as far back as 2002.

I am appalled to see that things are following that course. I even forecast the burning of cities in Britain. People at the time were incredulous at this. And yet here we are.

When you suppress discussion and choice, and abuse reason and justice over a period of years, you will ultimately bring forth the madness. And those who would use such a crisis, who imagine that it will serve their purpose, they will find that the will to power serves none but itself."Our government teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy...If we desire respect for the law, we must first make the law respectable."

Louis D. Brandeis

"Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter, by peaceful or revolutionary means, into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it."

Frederic Bastiat

"And remember, where you have the concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that."

Lord Acton

"Those who make peaceful revolution impossible will make violent revolution inevitable."

John F. KennedyWhen the governance of a society refuses to listen to the calls for justice and reform over a long period of time, when it acts to ignore, co-opt, diffuse, and then suppress the voice of the reformers, when it uses the law as a means of legal plunder, that government and society will eventually answer not to reasoned dissent, not to principled calls for reforms, but to the rage of the mob.

And then that society may call for the strong man to come forward and bring these unruly other ones to heel, operating on his own and beyond the law, using whatever means he wishes, even to suspending of the law for the sake of expediency, and ultimately engaging in crimes against humanity for the sake of justice.

And that is always a Faustian bargain, a path of self-destruction. But in a people gripped by frustration, anger and fear, it is a powerful temptation.

Violence and expediency invites dark powers to rise and insinuate themselves among you. And then begins the downfall, and almost inevitable descent into a hell on earth.


(...auf youtube ist es einfacher ;) )

"One may dislike Hitler's system and yet admire his patriotic achievement. If our country were defeated, I hope we should find a champion as indomitable to restore our courage and lead us back to our place among the nations."

Winston Churchill, The Times, November 7, 1938

Tsar Nicholas II: I know what will make them happy. They're children, and they need a Tsar! They need tradition. Not this! They're the victims of agitators. A Duma would make them bewildered and discontented. And don't tell me about London and Berlin. God save us from the mess they're in!

Count Witte: I see. So they talk, pray, march, plead, petition and what do they get? Cossacks, prison, flogging, police, spies, and now, after today, they will be shot. Is this God's will? Are these His methods? Make war on your own people? How long do you think they're going to stand there and let you shoot them? YOU ask ME who's responsible? YOU ask?

Tsar Nicholas II: The English have a parliament. Our British cousins gave their rights away. The Hapsburgs, and the Hoehenzollerns too. The Romanovs will not. What I was given, I will give my son.

For his obsession with power and privilege Nicholas gave his son, his wife, and his daughters a hard death in a dark cellar. But their dresses were sewn with jewels.

Posted by Jesse at 1:58 PM :verbeug

10.08.2011, 22:30
Gewalt in England

Gerichte fertigen Plünderer im Eilverfahren ab (http://www.spiegel.de/panorama/justiz/0,1518,779559,00.html)

http://www.spiegel.de/images/image-247447-breitwandaufmacher-ukgx.jpg (http://www.spiegel.de/panorama/justiz/0,1518,779559,00.html) http://www.spiegel.de/static/sys/v9/buttons/but_foto.png (http://www.spiegel.de/fotostrecke/fotostrecke-71409.html)http://www.spiegel.de/static/sys/v9/buttons/but_video.png (http://www.spiegel.de/video/video-1142778.html)

Die Randalierer in England sollen schnell und hart bestraft werden, die Gerichte tagen deshalb rund um die Uhr. Die Prozesse erlauben Einblick in eine arme, frustrierte Parallelgesellschaft. Der wohl jüngste Plünderer ist erst elf Jahre alt. Aus London berichtet Matthias Gebauer mehr... (http://www.spiegel.de/panorama/justiz/0,1518,779559,00.html) [ Video (http://www.spiegel.de/video/video-1142778.html) | Forum (http://forum.spiegel.de/showthread.php?t=41565) ]

....Jesse schreibt im vorherigen posting wir das zustande kommt :rolleyes:schwitzman sollte sich nicht wundern :oo erhobene Zeigefinger und Polizisten en masse überbrücken die Kluft sicher nicht :mad

10.08.2011, 22:43
..................................... :rolleyes

10.08.2011, 22:52
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Special Notice: Obama To Vacation On Martha's Vineyard Following A Job Well Done (http://www.zerohedge.com/news/special-notice-obama-vacation-marthas-vineyard-following-job-well-done)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 15:56 We bring you this special announcement courtesy of the White House which has informed that American plebs that following a fantastic job well done, in which the market is now back to pre-QE2 levels, unemployment is near record highs, delays for presidential press meetings compare with Newark airplane take offs, pessimism is at record highs, America's credit rating has just been downgraded, the country was nearly bankrupted, and sales of end of the world provisions are through the roof (not to mention ammunition), president Obama is taking a well-deserved vacation at Martha's Vineyard at the end of the month. From Bloomberg: "President Barack Obama will vacation with his family in Martha's Vineyard at the end of this month as he's done in years past, the White House said Wednesday, despite the weak economy and negotiations on the nation's debt problem. Press secretary Jay Carney defended Obama's plans to take a break even as he's pledged urgent action on those issues. "I don't think Americans out there would begrudge that notion that the president would spend some time with his family," Carney said." Spot on, Jay, spot on.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436451+--+From+ZeroHedge:+Special%20Notice:%20Obama%20To%20Vacation%20On%20Martha%27s%20Vineyard%20Following%20A%20Job%20Well%20Done)
Comments: 142 (http://www.zerohedge.com/news/special-notice-obama-vacation-marthas-vineyard-following-job-well-done#comments)

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
DOW(N): 521 (http://www.zerohedge.com/news/down-521)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 16:05 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/DJIA%208.10.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/DJIA%208.10.jpg)

Remember when the Chairsatan announced that the US entered a recession yesterday and nobody noticed, even when Zero Hedge said it would take the market a day for the "sophisticated market players" to figure what just happened. No? We have one word... well, and one number: DOW(N): 521.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436452+--+From+ZeroHedge:+DOW%28N%29:%20521)
Comments: 162 (http://www.zerohedge.com/news/down-521#comments)
New Comments: 162 (http://www.zerohedge.com/news/down-521#new)

10.08.2011, 22:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Great News: Just 10% More Quote Churn And The Broken Market "Resets" (http://www.zerohedge.com/news/great-news-just-10-more-quote-churn-and-market-resets)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/10/2011 - 16:33 For all those wondering what may force the "GREAT RESET", we now know. According to the below email from the Nasdaq sent out 24 minutes before close, we were just 10% away from the Nasdaq essentially DKing all trades on one of its UTP channels, and "restarting the outbound message count. If the count is restarted, the UTP SIP will be unable to process any UQDF retransmission requests for the affected data channel..." All we need now are the HFT quote churners to put the empty churn knob on max tomorrow, and the market, well, breaks.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436454+--+From+ZeroHedge:+Great%20News:%20Just%2010%%20More%20Quote%20Churn%20And%20The%20Broken%20Market%20%22Resets%22)
Comments: 27 (http://www.zerohedge.com/news/great-news-just-10-more-quote-churn-and-market-resets#comments)
New Comments: 27 (http://www.zerohedge.com/news/great-news-just-10-more-quote-churn-and-market-resets#new)
by Eagle Keeper (http://www.zerohedge.com/users/eagle-keeper)
on Wed, 08/10/2011 - 16:36
#1548175 (http://www.zerohedge.com/news/great-news-just-10-more-quote-churn-and-market-resets#comment-1548175)
What would the market volume look like if there were no HFTs?

by Iriestx (http://www.zerohedge.com/users/iriestx)
on Wed, 08/10/2011 - 16:37
#1548185 (http://www.zerohedge.com/news/great-news-just-10-more-quote-churn-and-market-resets#comment-1548185)
Can you imagine, a market full of humans buying and selling? How un-American.

11.08.2011, 09:19
....es geschehen noch Zeichen und Wunder :confused :rolleyes :oo ;)


SMI startet stark (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-startet-stark/story/20607098)

http://files.newsnetz.ch/story/2/0/6/20607098/33/teasersmall16x9.jpg?1313046769 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-startet-stark/story/20607098) Der SMI ist soeben mit einem deutlichen Plus in den Handel gestartet. Die Kurse an den asiatischen Börsen haben sich nach Verlusten im Laufe des Handelstages wieder erholt. Gold befindet sich weiter auf Rekordjagd.....

......Die Schweizer Börse ist freundlich in den Handelstag gestartet. Der Swiss Market Index (SMI) notiert über zwei Prozent im Plus.

Auch der deutsche Aktienmarkt ist Kursgewinnen in den Handel gestartet. Der DAX machte mehr als die Hälfte des Kurssturzes vom Vortag wett. Gegen 9.05 Uhr stand der deutsche Leitindex mit einem Plus von 2,9 Prozent bei 5.776 Punkten......

Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/SMI-startet-stark/story/20607098)

Aktualisiert vor 9 Minuten

11.08.2011, 09:50
http://c5.zedo.com//ads2/f/964395/3840/0/0/305006573/305006573/0/305/1533/zz-V1-Figsd.html?a=s%3D1533%3Bg%3D29%3Bm%3D58%3Bw%3D26%3Bu%3DtQodQgoBADYAAAQCfRMAAAEO~031010%3Bi%3D0%3B;l=;p= (http://c5.zedo.com//ads2/f/964395/3840/0/0/305006573/305006573/0/305/1533/zz-V1-Figsd.html?a=s%3D1533%3Bg%3D29%3Bm%3D58%3Bw%3D26%3Bu%3DtQodQgoBADYAAAQCfRMAAAEO%7E031010%3Bi%3D0%3B;l=;p=)


11.08.2011, 10:01
...betrifft ja auch "scary"-people ;)

10 August 2011

CME Raises Margin Requirements on Gold and Treasuries and Energy and Swiss Francs (http://jessescrossroadscafe.blogspot.com/2011/08/cme-raises-margin-requirements-on-gold.html)

http://4.bp.blogspot.com/-rm5aAH33Qj8/TkMybC3Ok3I/AAAAAAAARiU/XecwtT3gQiI/s320/Titanic+lifeboat+pulling+up+to+the+Carpathia%252C+1912.JPG (http://4.bp.blogspot.com/-rm5aAH33Qj8/TkMybC3Ok3I/AAAAAAAARiU/XecwtT3gQiI/s1600/Titanic+lifeboat+pulling+up+to+the+Carpathia%252C+1912.JPG)

...and Pesos, Rubles, etc. etc.

CME Boosts Margins (http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-279.pdf) - CME Site Bulletin

WSJ - CME Boosts Margins on Forex, Treasuries (http://online.wsj.com/article/BT-CO-20110810-722597.html)

Ok gold I understand, kind of. I just wondered about that in my gold chart commentary this afternoon.

But Treasuries?

Why be subtle? Why not just machine gun the lifeboats?

Git some. Git some. Get back in them big caps, tech, and bank stocks you wussies.

I wonder if this applies to Shanghai's SME and London's LBMA. lol.

http://3.bp.blogspot.com/-0wsPUrGrw3c/TkMtgRSekHI/AAAAAAAARiQ/PlMb3uxiOro/s640/cmerascals.JPG (http://3.bp.blogspot.com/-0wsPUrGrw3c/TkMtgRSekHI/AAAAAAAARiQ/PlMb3uxiOro/s1600/cmerascals.JPG)
h/t to Lee at Wall Street Examiner (http://wallstreetexaminer.com/2011/08/10/cme-boosts-margins-on-gold-and-treasuries/) for the heads up.

Posted by Jesse at 9:09 PM (http://jessescrossroadscafe.blogspot.com/2011/08/cme-raises-margin-requirements-on-gold.html) :verbeug

Zum Original-Beitrag (showthread.php3?p=1402938#post1402938)

11.08.2011, 10:05
Politik: 11. August 2011, 06:39

Polizei und Regen sorgen für Ruhe in britischen Städten (http://www.nzz.ch/nachrichten/politik/international/polizei_und_regen_sorgen_fuer_ruhe_in_britischen_staedten_1.11864733.html)

http://www.nzz.ch/images/london_hackney_polizei_anwohner_small_1.11864732.1313036360.jpg (http://www.nzz.ch/nachrichten/politik/international/polizei_und_regen_sorgen_fuer_ruhe_in_britischen_staedten_1.11864733.html) Weitgehend ungestörte Nacht – Unterhaus tritt zu Sondersitzung zusammen

Tausende von Polizisten auf den Strassen und Gerichte, die Nachtschichten einlegen, haben für eine weitgehend ruhige Nacht in Grossbritannien gesorgt. Für das Ausbleiben ernsthafter Störungen mag aber auch heftiger Regen gesorgt haben. ...


Bürgersinn: Mit Besen gegen die Zerstörungswut (http://www.nzz.ch/nachrichten/politik/international/mit_besen_gegen_die_zerstoerungswut_1.11861002.html)

11.08.2011, 10:56
http://english.aljazeera.net/mritems/imagecache/89/135/mritems/Images/2011/8/11/20118117929732734_20.jpg (http://english.aljazeera.net/news/asia-pacific/2011/08/20118115463667944.html)
Bali bomb suspect extradited to Indonesia (http://english.aljazeera.net/news/asia-pacific/2011/08/20118115463667944.html)
Indonesian security chief says Umar Patek, captured in Pakistan in January, helped lead US to Osama bin Laden.
Last Modified: 11 Aug 2011 07:19 GMT

http://english.aljazeera.net/mritems/Images/2011/8/11/20118114859134734_4.jpg (http://english.aljazeera.net/video/africa/2011/08/201181135014315687.html) http://english.aljazeera.net/Media/ver2/Images/1pximage.png (http://english.aljazeera.net/video/africa/2011/08/201181135014315687.html)
Fuel shortage slows Libya rebel advance (http://english.aljazeera.net/video/africa/2011/08/201181135014315687.html)
As opposition fighters edge ever closer to Tripoli, long supply lines and a chronic lack of petrol is slowing them down.
Last Modified: 11 Aug 2011 04:47 GMT

'Casualties' in Beirut blast (http://english.aljazeera.net/news/middleeast/2011/08/201181183923383827.html)
Blast rips through suburb of Lebanese capital, killing at least one person, according to police official.
Last Modified: 11 Aug 2011 08:43 GMT
Read More (http://english.aljazeera.net/news/middleeast/2011/08/201181183923383827.html)

.....es gibt ja nicht nur Börsen:rolleyes fast möchte man sagen leider :(

11.08.2011, 16:25
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Swiss Franc Plunges By 600 Pips On Peg Speculation; Will It Succeed? (http://www.zerohedge.com/news/swiss-franc-plunges-600-pips-peg-speculation-will-it-succeed)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/11/2011 - 10:07 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/EURCHF.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/EURCHF.jpg)All those hoping that in the wilderness of fiat, the Swiss Franc would be to be a safe haven, are getting destroyed today, following speculation overnight that the SNB would implement a euro-swiss franc peg. The result: an unprecedented 600 pip plunge in the two key pairs, the EURCHF and USDCHF, since new overnight highs. The take home: for those seeing a safe haven from central banking stupidity, just go to where there is no counterparty: physical precious metals.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436474+--+From+ZeroHedge:+Swiss%20Franc%20Plunges%20By%20600%20Pips%20On%20Peg%20Speculation;%20Will%20It%20Succeed?)
Comments: 19 (http://www.zerohedge.com/news/swiss-franc-plunges-600-pips-peg-speculation-will-it-succeed#comments)
New Comments: 19 (http://www.zerohedge.com/news/swiss-franc-plunges-600-pips-peg-speculation-will-it-succeed#new)
by Stoploss (http://www.zerohedge.com/users/stoploss)
on Thu, 08/11/2011 - 10:11
#1550663 (http://www.zerohedge.com/news/swiss-franc-plunges-600-pips-peg-speculation-will-it-succeed#comment-1550663)
Im shocked it took this long. EUR/CHF parity was about to be real by tomorrow. Now you know why the margin hike for gold.

by Tyler Durden (http://www.zerohedge.com/users/tyler-durden)
on Thu, 08/11/2011 - 10:12
#1550668 (http://www.zerohedge.com/news/swiss-franc-plunges-600-pips-peg-speculation-will-it-succeed#comment-1550668)
CHF margins were also hiked.

11.08.2011, 16:42
Franken schwächt sich ab - SNB schweigt (http://www.cash.ch/news/front/franken_schwaecht_sich_ab_snb_schweigt-1065834-449)

http://www.cash.ch/services/img/news/235/6727_Franken.jpg 11.08.11, 15:35

Der Schweizer Franken fällt am Donnerstagnachmittag steil nach unten. mehr » (http://www.cash.ch/news/front/franken_schwaecht_sich_ab_snb_schweigt-1065834-449)


Franken klar schwächer – SMI plus vier Prozent (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Franken-klar-schwaecher--SMI-plus-vier-Prozent/story/20607098)

http://files.newsnetz.ch/story/2/0/6/20607098/140/teasersmall16x9.jpg?1313073143 (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Franken-klar-schwaecher--SMI-plus-vier-Prozent/story/20607098) Der Dow Jones ist im Plus in den Handel gestartet. Der SMI befand sich auf Berg-und-Tal-Fahrt. Der Euro kostet zurzeit wieder über 1.08 Franken. Merkel und Sarkozy berufen wegen der Finanzkrise ein Sondertreffen ein. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Franken-klar-schwaecher--SMI-plus-vier-Prozent/story/20607098)

Aktualisiert vor 3 Minuten 7 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Franken-klar-schwaecher--SMI-plus-vier-Prozent/story/20607098#kommentar)

....schweigen ist Gold :confused:rolleyes da würde man der SNB wohl zuviel zutrauen :oo
hoffentlich kaufen sie nicht wieder € :rolleyes oder verkaufen Gold :schreck

11.08.2011, 17:37
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Here Is What Happened When The SEC Banned Shorting Financial Companies In 2008 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/11/2011 - 10:36 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/XLF%20post%20ban.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/XLF%20post%20ban.jpg)

There are those who say the upcoming short selling ban in all stocks in Italy and France, which according to CNBC will take place as soon as after the close today, or in one hour, will be beneficial to stocks. Then there are facts. To those who may have forgotten, on September 18, the SEC banned the shorting of all financials here in the US. Below is a chart of the carnage that ensued... The same chart is coming to Europe first. End result: 48% drop in under a month.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436477+--+From+ZeroHedge:+Here%20Is%20What%20Happened%20When%20The%20SEC%20Banned%20Shorting%20Financial%20Companies%20In%202008)
Comments: 52 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#comments)
New Comments: 52 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#new)
by SparkySC (http://www.zerohedge.com/users/sparkysc)
on Thu, 08/11/2011 - 11:00
#1550884 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#comment-1550884)
Amazingly/mysteriously Washington Mutual Bank was left off the Short Selling List at that time and days later (though Solvent) it was seized by the OTS.
Hmmmmm coincidence? LOL
I think not.

by hedgeless_horseman (http://www.zerohedge.com/users/hedgelesshorseman)
on Thu, 08/11/2011 - 10:42
#1550809 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#comment-1550809)

...the SEC banned the shorting of all financials here in the US. Below is a chart of the carnage that ensued...

Correlation does not equal causation.

by swissaustrian (http://www.zerohedge.com/users/swissaustrian)
on Thu, 08/11/2011 - 10:48
#1550837 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#comment-1550837)
Reducing the cause of the plunge in 2008 to the short selling ban is way too simplistic.

by Debugas (http://www.zerohedge.com/users/debugas)
on Thu, 08/11/2011 - 10:42
#1550812 (http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008#comment-1550812)
NAKED short-selling is equivalent to counterfeighting and SHOULD BE BANNED
but covered short-selling is ok

11.08.2011, 18:31
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Visualizing The Halt Of America's Largest Publicly Traded Company Due To A HFT Glitch (http://www.zerohedge.com/news/visualizing-halt-americas-largest-publicly-traded-company-due-hft-glitch)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/11/2011 - 12:17 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/XOM%201.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/XOM%201.jpg)

Today, at 10:33:37 am, America's largest publicly traded company, Exxon Mobile (sorry, any surge in AAPL to the top market cap position in the US is truly the only realistic use of the word "transitory" in the past year) was halted after an errant trade printed outside of normal trading parameters and freaked out the artificial regulatory limiters. Naturally the trade was DKed, but for a few minutes one of the bellweather American stocks was out of commission due to the post-modern equivalent of a fat finger: an algo that was programmed to aggressively hit any bid, well below the NBBO. Luckily, this happened well after the rumor of a short selling ban was implanted in the traders' psyche, and markets were largley higher. Had XOM been halted as the S&P was down several percent, who knows what panic would have gripped the stock market forcing many to dump their holdings of viable stocks. And this will continue for as long as the SEC does not comprehend that the fact that US capital markets are broken is well and fully understood by most retail investors and which is why they have pulled over $160 billion from equity mutual funds since 2010.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436485+--+From+ZeroHedge:+Visualizing%20The%20Halt%20Of%20America%27s%20Largest%20Publicly%20Traded%20Company%20Due%20To%20A%20HFT%20Glitch)
Comments: 3 (http://www.zerohedge.com/news/visualizing-halt-americas-largest-publicly-traded-company-due-hft-glitch#comments)
New Comments: 3 (http://www.zerohedge.com/news/visualizing-halt-americas-largest-publicly-traded-company-due-hft-glitch#new)
by centerline (http://www.zerohedge.com/users/centerline)
on Thu, 08/11/2011 - 12:23
#1551241 (http://www.zerohedge.com/news/visualizing-halt-americas-largest-publicly-traded-company-due-hft-glitch#comment-1551241)
The modern battlefield, made more visible by Nanex and ZH.

....was hat das noch mit Börse zu tun :dumm hoffentlich fliegt mal einer dieser Sippe wirklich auf die Schnauze :gomad

11.08.2011, 18:50
Conflict minerals provision of Dodd-Frank – immediate implications and long-term opportunities for companies

The conflict minerals provision, contained in Section 1502 of the Dodd-Frank Act, has a direct bearing on reporting requirements on about one-half (at least 6,000) of all publicly traded companies in the United States. Complying with the due diligence requirements of the provision is daunting and unclear; many corporations are waiting for the SEC to issue the final rule before the end of 2011. However, several corporations and industry groups have begun to trace conflict materials in their supply chain, rather than wait for SEC’s final rules, due to the tight timeline for implementation once the ruling is finalized...


rare-earth Interessenten sollten es wohl lesen :rolleyes:schwitz

11.08.2011, 19:31
PHOTOS: Top 10 Architects' Homes (http://www.huffingtonpost.com/adel-zakout/top-10-architects-homes_b_920379.html)

11.08.2011, 20:03
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
"Horrible" 30 Year Bond Auction Prices With Unprecedented 11 bps Tail (http://www.zerohedge.com/news/horrible-30-year-bond-auction-prices-11-unprecedented-bps-tail)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 08/11/2011 - 13:16

The just completed auction of $16 billion in 30 Year bonds, was, as Rick Santelli said, "a failure (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/R_20110811_1.pdf)". And while this may be a little dramatic, this was without doubt one of the ugliest 30 Year auctions ever seen. The 30 year priced at 3.75%, a huge 11 bps tail to the When Issued which was trading at 3.64%, the Bid To Cover plunging from 2.80 to 2.05, the lowest since February 2009, and, most shockingly, the Indirect Bidders Imploded to a paltry 12.2%! Those wondering if Chinese posturing would led to anything more than just jawboning have their answer. The Indirect tendered bids were just $3 billion or about 20% of the total auction size, which resulted in a $2 billion take down. It was so bad that the Directs were for the first time in 30 Year history greater than the Indirects. And yes, while the yield was close to record low it won't stay there especially if as is now expected, August 26 will see the BEA report a second GDP revision of ~0.6% at 8:30 am, which will be promptly followed by Bernanke's 2011 Jackson Hole address. And so the yoyo continues: what today's auction has proven is that going forward the Fed will be forced to crash the market every day that there is a Treasury auction, while ramping stocks on days when Treasury does not need to fund its borrowing binge.

http://www.zerohedge.com/sites/all/themes/images/twitter.png (http://twitter.com/home/?status=http://www.zerohedge.com/node/436486+--+From+ZeroHedge:+%22Horrible%22%2030%20Year%20Bond%20Auction%20Prices%20With%20Unprecedented%2011%20bps%20Tail)
Comments: 51 (http://www.zerohedge.com/news/horrible-30-year-bond-auction-prices-11-unprecedented-bps-tail#comments)
New Comments: 51 (http://www.zerohedge.com/news/horrible-30-year-bond-auction-prices-11-unprecedented-bps-tail#new)

11.08.2011, 21:10
Politik: 11. August 2011, 18:16

Asads Panzer rollen weiter (http://www.nzz.ch/nachrichten/politik/international/asads_panzer_rollen_weiter_1.11872581.html)

http://www.nzz.ch/images/syrien_homs_11082011_small_1.11872848.1313078477.jpg (http://www.nzz.ch/nachrichten/politik/international/asads_panzer_rollen_weiter_1.11872581.html) Berichte über neue Massenfestnahmen und Tote

Die Truppen des syrischen Regimes haben zwei weitere Ortschaften unter ihre Kontrolle gebracht. Sie stiessen, so hiess es, mit Panzerwagen und Kleintransportern vor. Viele Leute wurden verhaftet, manche auch verletzt oder getötet. ...



11.08.2011, 21:24
CLOSING! (For One Year) (http://www.huffingtonpost.com/2011/08/11/statue-of-liberty-to-clos_0_n_924028.html)

Comments (179) (http://www.huffingtonpost.com/2011/08/11/statue-of-liberty-to-clos_0_n_924028.html#comments)
| U.S. Destinations (http://www.huffingtonpost.com/news/us-destinations).
lhanderson86 (http://www.huffingtonpost.com/social/lhanderson86?action=comments)
213 Fans (http://www.huffingtonpost.com/social/lhanderson86)
25 minutes ago (2:53 PM)
Do you know how many people visit the statue every day? 150,000. The ferry fee is $13 for adults. That's $195,000.0*0 A DAY. Way to be short-sigh*ted...

....würde doch dem Budget helfen :rolleyes:oo