Financial topics

[aedens]

http://finance.yahoo.com/news/qr-energy ... 00981.html

[vincecate]

Is anyone else enjoying the Yen's almost daily drop for the last 3 months?

[John]

Is anyone else enjoying the Yen's almost daily drop for the last 3 months?

Not Shinzo Abe.

[gerald]

and the games continue --

Senior Citi Banker Found Dead In Bathtub With Slashed Throat

http://www.zerohedge.com/news/2014-11-1 ... hed-throat

Bloomberg adds that "a 42-year-old man was found unconscious yesterday in the bathtub of his Greenwich Street apartment in lower Manhattan with a neck laceration and later pronounced dead,

"there was no knife recovered at the scene, leading officials to suspect the death was not a suicide, ---- ( not a suicide ? really? give that person a prize! )

An online profile under the man’s name calls him a “pioneer in sustainable finance” and a specialist in emerging markets at the International Finance Corp., part of the World Bank. Several former colleagues told The Post that Miller was well-liked.
( they are all well liked, but I guess not enough )
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getting a little hot in the kitchen?
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hmmm , but what do I know.

[gerald]

for humor --- sometimes you just have to laugh

Snowfalls are now just a thing of the past
http://www.independent.co.uk/environmen ... 24017.html
Monday 20 March 2000

Global warming, the heating of the atmosphere by increased amounts of industrial gases, is now accepted as a reality by the international community. Average temperatures in Britain were nearly 0.6°C higher in the Nineties than in 1960-90, and it is estimated that they will increase by 0.2C every decade over the coming century. Eight of the 10 hottest years on record occurred in the Nineties.

However, the warming is so far manifesting itself more in winters which are less cold than in much hotter summers. According to Dr David Viner, a senior research scientist at the climatic research unit (CRU) of the University of East Anglia, within a few years winter snowfall will become “a very rare and exciting event”.

“Children just aren’t going to know what snow is,” he said.

----------------------------------------
http://www.zerohedge.com/news/2014-11-1 ... w-expected
Stunning Photos Of Record Snow Covering Upstate New York: 100 Total Inches Of Snow Expected
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Just love to open my front door and face a wall of snow. nice photos

[gerald]

http://www.zerohedge.com/news/2014-11-2 ... -gold-card

As The "Sanctions War" Heats Up, Will Putin Play His 'Gold Card'

A GOLDEN ROUBLE?

One intriguing possibility is one which Russia has, in fact, contemplated before: Backing the currency with Russia’s gold reserves.

Well, let’s consider the international context. Were Russia to back the rouble with gold today, this would be a far more credible policy than it could ever have been back in 1989 or 1998, when Russia’s government was less stable and less popular, and Russia’s economy was less well-integrated with those of China, Germany and other major economies. Moreover, in recent years Russia has amassed a huge amount of gold reserves.[8] Indeed, at current market prices, Russia’s gold reserves would back a whopping 27% of the narrow rouble money supply! That is a high ratio, far in excess of any other major country and also in excess of the US Fed’s original stipulated gold coverage minimum. Moreover, Russia is a large net exporter, notwithstanding the sanctions, so Russia’s gold reserves, by implication, are likely to continue to grow, rather than decline.

This credibility is also reinforced by the Russian economy’s relatively low debt. Without a large debt to service, there is little temptation or need to inflate the currency. Indeed, Russian interest rates are currently around 10%, implying a generous relative return on rouble cash balances. Imagine the rouble were to be convertible into gold, AND rouble interest rates remained at 10%. This implies a nearly risk-free arbitrage of 10% between the rouble and gold. You can bet than a large number of international investors would quickly sell some gold, dollars, or other currencies, and acquire some roubles, pocketing the hefty interest rate differential. That would support the rouble, possibly leading to a large re-appreciation vis-à-vis the dollar and other currencies left unbacked by gold.

The implied upward pressure on US interest rates would be perhaps small initially, but even a small rise in US interest rates would spell trouble for a US economy that is so highly leveraged to low rates. Growth would slow. The Fed could try to offset this by engaging in renewed QE, but that could add fuel to the fire, resulting in aggressive selling of dollars in the foreign exchange markets. In an extreme but hardly impossible scenario, the dollar could lose reserve status entirely, something that would be devastating for the US economy.

Looks like a game of chicken --- https://answers.yahoo.com/question/inde ... 5122904584
====================================
add to that --

No One Told You When To Run, You Missed The Starting Gun

http://www.zerohedge.com/news/2014-11-2 ... arting-gun

Most Boomers and Xers chose to spend more than they made and financed the difference. When the average credit card balance is five times greater than the median retirement account balance, you’ve got a problem. The facts about our consumer empire of debt are unequivocal as can be seen in these statistics:

Average credit card debt: $15,593
Average debt: $153,184
Average student loan debt: $32,511
$11.62 trillion in total debt
$880.3 billion in credit card debt
$8.05 trillion in mortgages
$1.12 trillion in student loans
I don’t blame those in their 20’s and 30’s for not having retirement savings. Anyone who entered the workforce around the year 2000 has good reason to not trust the system or their elders. There have been two stock market collapses and every asset class is now extremely overvalued due to the criminal machinations of the Federal Reserve. There are far less good paying jobs. Real wages keep declining. They were convinced by their elders to load up on student loan debt, leaving them as debt serfs. The Wall Street/Federal Reserve scheme to boost home prices and repair their insolvent balance sheets has successfully kept young people from ever being able to afford a home. So you have young people unable to save, invest or spend. You have middle aged and older Americans with little or no savings, mountains of debt, low paying service jobs, and an inability to spend. The only people left with resources are the .1% who have captured the system, peddle the debt, and reap the rewards of consumption versus saving. They may be able to engineer a stock market rally to further enrich themselves, but they can not propel the real economy of 318 million people. Our consumer society is dying – asphyxiated by debt – shorter of breath and one day closer to death.

The 45 to 64 year old cohort who chose not to save can run and run to try and catch up with the sun, but it’s too late. It’s sinking. Their plans have come to naught. They are destined for lives of quiet desperation. There is nothing more to say.

hmmm

[aedens]

http://www.theamericanconservative.com/ ... -outdated/

It is my right to abstain from the bent of minds today. I also will not surrender the right to protect and serve others.

http://www.phillipjanderson.com/forecas ... on-effect/

I'll leave you with one final thought. All of this should be important to you, personally, because you are a black lesbian. If blind pursuit of short term goals achieves them at the cost of destroying the larger societal structure, and we fall into totalitarianism, what then? Can you name one totalitarian regime in history that has been kind to minorities or homosexuals? I can't think of any. Can you?

http://ace.mu.nu/archives/353314.php

You want Pirates now, or a cattle cars later? Decide now buttercups.

I have the Jan 13, 2013 sort of forum feeling H and the cantillon sector effects we just carved into.

[aedens]

No, the problem in Europe is not too little inflation in the short-run; it is staggering levels of taxes, public debt and interventionist dirigisme that represents a permanent, debilitating barrier to growth. Draghi already has driven deposit rates through the zero bound at the ECB deposit facility, and now its spreading rapidly through the banking system to businesses and consumers. stockman

http://www.zerohedge.com/news/2014-11-2 ... are-raging

http://www.businessinsider.com/r-specia ... ey-2014-11 zone melt downs.

[aedens]

Muslims in Indiana held a funeral service on Friday for Abdul- Rahman Kassig, formerly known as Peter, who was beheaded

Why do you seek our childrens blood.

http://www.amazon.com/Generational-Dyna ... 1594530483 in our t forumed heads

[aedens]

I live in Acapulco, and have lived and worked in Mexico for many years, from Baja, Colima, Veracruz, Jalisco and now Guerrero. The problems in Mexico are self-induced via a long standing culture of corruption, Fox tried to stem it, and to some extend it was briefly working, but as long under paid public servants are making ends meet by accepting kickbacks and the failure to reform the Mexican Court System nothing will ever change here. By the way, the students have taken over the toll booths between Acapulco and Mexico City and have been collecting “as they call it” denotations, I generally give them 50 Pesos, less than the corrupt toll operates charge…

Obama and the dimmcrats have imported more than a multiculturalism issue with a imported voter base some suspect.

Thinking Democrat's are seeing they are on less than thin ice and simple asension political Alinsky operatives.

Friedrich Nietzsche wrote: "Insanity in individuals is something rare - but in groups, parties, nations and epochs, it is the rule."

The swamp operatives know they are Befehl ist Befehl retards.