World economy talk

[Ry_Tower]

Grabe dami sigurong aspirin kelangan ng mga stock brokers nagyong araw! Suwerte nung bumili ng Gold ah.

[uls]

[Monseratto]

US Dollar Index



GOLD



NYMEX Crude

[uls]

looks like G7 threat of coordinated intervention is preventing all-out USD selling

i was expecting the USD index to fall more than it has

[uls]

S&P-Induced Selloff in U.S. Bonds, Dollar May Be Short-Lived, Dealers Say - Bloomberg

S&P-Induced Selloff in U.S. Bonds, Dollar May Be Short-Lived, Dealers Say

Any selloff in Treasuries and the dollar following Standard & Poor’s first ever downgrade of the U.S. from AAA is likely to be short-lived amid slowing economic growth and Europe’s debt crisis, according to Wall Street banks.

JPMorgan Chase & Co. said a drop in Treasuries from the ratings cut is unlikely to be “sustained,” while Citigroup Inc. said dollar selling isn’t forecast to be entrenched. Barclays Plc said the downgrade shouldn’t be “significant,” and UBS AG said the top ranking for U.S. short-term debt will prevent money funds from being forced to react.

For all the handwringing over the credit-rating cut, bond investors from Wall Street banks that trade directly with the Federal Reserve to policy makers in China and Russia are likely to retain their holding of Treasuries as they see few alternatives to the world’s deepest and most liquid market. The dollar remains the world’s reserve currency even as S&P cut the U.S. one level to AA+ while keeping the outlook at “negative” on Aug. 5, citing the political failure to reduce record deficits. Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. on Aug. 2.

^^

like i said, there's no other place for trade surplus countries to park hundreds of billions/ trillions of dollars

[Monseratto]

Gold about to hit US$ 1700 before the end of the day.

Badly mauled bourses

HK Hang Seng



Singapore Strait Times

[uls]

[tidus1203]

Grabe dami sigurong aspirin kelangan ng mga stock brokers nagyong araw! Suwerte nung bumili ng Gold ah.

Ako I still have GOLD since it was around $700ish... 4-5 years ago na yun can't remember. Di pa ako member ng Tsikot nun! I am very well know here as a GOLD perma-bull in Tsikot.

[uls]

confirmed ECB buying Italy and Spain govt bonds

Italy and Spain bond yields fall

[uls]

Treasuries Rise After S&P

The benchmark 10-year yield fell three basis points to 2.53 percent at 8:14 a.m. in London, according to Bloomberg Bond Trader prices, and reached 2.48 percent earlier. The 3.125 percent note maturing in May 2021 rose 7/32, or $2.19 per $1,000 face amount, to 105 3/32.

[tidus1203]

confirmed ECB buying Italy and Spain govt bonds

Italy and Spain bond yields fall

ECB now the official trash collector of Europe.

Just donate your trash to them and they will do the processing of it!

[safeorigin]

something less serious

[ame=http://www.youtube.com/watch?v=9QuFnOYcy4E]‪Social Security Reform Bill Encourages Americans To Live Faster, Die Younger‬‏ - YouTube[/ame]

[uls]

something less serious

‪Social Security Reform Bill Encourages Americans To Live Faster, Die Younger‬‏ - YouTube

haha

tama yan. Americans are living too long. the pension and healthcare systems (SS, medicare/medicaid) cost the USG a lot of money

if everyone died earlier, liliit ang obligations ng USG. save the USG a lot of money

[uls]

ECB now the official trash collector of Europe.

Just donate your trash to them and they will do the processing of it!

the ECB is monetizing debt

but the ECB just doesnt call it that

[tidus1203]

the ECB is monetizing debt

but the ECB just doesnt call it that

We know where Jean Claude got his inspiration...

From UNCLE BEN!

[tidus1203]

Oks talaga itong si Warren Buffet...

"As long as I have a PRINTING PRESS, I won't default on my debt!"



Oo nga naman S&P, US won't default! US Treasuries are AAA, but US DOLLAR IS BB-

[uls]

a rarely used rule is being used

DJ NYSE Invokes 'Rule 48' To Smooth US Stock Market Open
08/08/2011 14:18 | NYSE Euronext, Inc.

By Jacob Bunge
Of DOW JONES NEWSWIRES

The New York Stock Exchange early Monday put into effect its so-called "Rule 48," aiming to smooth the opening of U.S. stock trading on a session that is expected to get rocky.

Rule 48 allows designated market makers on the NYSE to refrain from disseminating price indications ahead of the opening bell. The idea is to make it easier and faster to open stocks on days when trading is poised to become especially volatile.

Big Board parent NYSE Euronext last put "Rule 48" into effect Jan. 27.

Futures on the Dow Jones Industrial Average pointed Monday to a sharply lower open, recently down 323 points at 11,154, in the first trading session after Standard & Poor's downgraded the U.S. credit rating.


-By Jacob Bunge, Dow Jones Newswires; 312 750 4117; jacob.bunge*dowjones.com


(END) Dow Jones Newswires

August 08, 2011 09:18 ET (13:18 GMT)

[uls]

tonight, S&P will be downgrading USG related entities

and probably some corporations

[tidus1203]

a rarely used rule is being used

They used it also in 2008 during the Lehman collapse...

[tidus1203]

Aray ko po, the NASDAQ down more than 100pts. Triple digit losses for the NAS...

Dow down more than 300...