Financial topics

[aeden]

Stagflation hit has already announced itself.
The rest is pandering.

[Higgenbotham]

What’s even more impressive is that the COMEX, after Monday’s follow-through beat down,
did what it always does to protect itself, it raised margin requirements on both gold and silver
to force even more liquidations from now exposed and under-water longs.

What the Fed is doing now is self-defeating. As they pump more leverage into the system, volatility increases dramatically, and the necessity to raise margin requirements sucks the liquidity back out of the system. Rinse and repeat and volatility grows even more.

Looking at just the volatility in silver, and no other factors, my conclusion is that margins weren't raised enough. With a $5 range in silver in one day last week, the margin requirement was only enough to keep a spec from a debit situation for less than a day.

A variation of the Interactive Brokers oil debacle on an industry wide basis seems possible to me.

[Higgenbotham]

Interactive Brokers Issues Statement on Crude Oil Contracts and Margin Loss

April 21, 2020 04:01 PM Eastern Daylight Time

GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR) today noted that, as has been widely reported, the energy markets yesterday exhibited extraordinary price activity in the New York Mercantile Exchange (NYMEX) West Texas Intermediate Crude Oil contract. The price of the May 2020 contract dropped to an unprecedented negative price of $37.63. This price was the basis for determining the settlement price for cash-settled contracts traded on the CME Globex and also on a separate, expiring cash-settled futures contract listed on the Intercontinental Exchange Europe (“ICE Europe”).

Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts. IBLLC has fulfilled the firm’s required variation margin settlements with the respective clearinghouses on behalf of its customers. As a result, the Company has recognized an aggregate provisionary loss of approximately $88 million.

The Company does not believe that any anticipated losses will have a material effect on its financial condition.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) today noted that, as has been widely reported, the energy markets yesterday exhibited extraordinary price activity in the New York Mercantile Exchange (NYMEX) West Texas Intermediate Crude Oil contract. The price of the May 2020 contract dropped to an unprecedented negative price of $37.63. This price was the basis for determining the settlement price for cash-settled contracts traded on the CME Globex and also on a separate, expiring cash-settled futures contract listed on the Intercontinental Exchange Europe (“ICE Europe”).

Never say never, I know, but this will never happen with silver (or most other commodities).

Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts.

However, this will happen in the future in many futures markets, in my opinion.

IBLLC has fulfilled the firm’s required variation margin settlements with the respective clearinghouses on behalf of its customers. As a result, the Company has recognized an aggregate provisionary loss of approximately $88 million.

But this will not.

If IB had been living on the edge, this may well have had a cascading effect. But since it didn't that just sets the system up for a bigger debacle.

[Higgenbotham]

https://www.youtube.com/watch?v=aLc3ehhPIKA

https://youtu.be/aLc3ehhPIKA?t=2541

https://youtu.be/aLc3ehhPIKA?t=3577

https://youtu.be/aLc3ehhPIKA?t=5254

[Higgenbotham]

https://youtu.be/QRRwBqwKWz4?t=3142

https://youtu.be/QRRwBqwKWz4?t=3670

[aeden]

They have known this since the SEC blathering missive since back-orifice was released and port sniffers redirect hacks.
They do not even begin to care now.
The light is seen before the sound as we watch this in real time we already conveyed.

Nobody could be as stupid as he is in running the city Mr. Brook conveyed.
We got one also now.

They are that stupid.
They will fall like leaves.

UBI has been here since FDR and yes they are that stupid.

[aeden]

https://www.gofundme.com/f/emergency-le ... lie-weaver

Showing riots are financially married together in finalizing the demshevik dictatorship is one of Her bourgeoisie thought crimes.
Red or Blue does not matter since the letter and book are simply noise to these cults.

https://www.newstatesman.com/politics/u ... geois-left

Relax, this isn't a Libertarian policy planning forum, it's a more of a leftist incompetence bulletin board.

Stage four was set in motion in march locally.

You missed the memo not us.

One day only the myth will remain.
It is self sufficiency they fear.

When you look at Punic coinage the script shows the world map. The copper came from our mines for the bow of the ships
to ram the pagan and gentile ships on the rise. The sites of the Baal cults follow lines to Lebanon. For those who knew who Dido was
at least you even had a clue. Once again Carthage must be destroyed. For those who studied the slag pits and metal supply routes
to make bronze and the routes for the Bantu metallurgy you are above the room temp discussions well under way for many decades.

The judgement windows stands unmolested. Decades we watch the carnage of the cults.

https://www.youtube.com/watch?v=_RjfRICu8UI

https://www.ancient-origins.net/news-hi ... le-0013338

We are just dating world trade routes once again. We also contract to thinking civilizations.

[aeden]

The anonymous message board 4Chan has once again proven to be one of the nations best intelligence services, as they have seemingly identified the man who dealt the final kick to a man who was savagely beaten by rioters in Portland on Sunday evening.

https://www.thegatewaypundit.com/2020/0 ... ead-video/

https://www.youtube.com/watch?v=my6bfA14vMQ

[aeden]

https://www.finviz.com/groups.ashx
https://www.youtube.com/watch?v=ZUqBglpHTO0

[aeden]

https://www.zerohedge.com/political/vir ... ers-arrest