Financial topics

[John]

** 20-Apr-2020 Staying sober

> Why did the U.S. government spend 2.6 million dollars to train
> Chinese prostitutes to drink responsibly? All we see is a
> Adrenochrome addled drunk with ice cream.

> Retards you vote for time after time. Sat Jun 22, 2013
> 8:53pm

• They all look sober. That's good, isn't it?

http://thechinaexpat.com/how-chinas-mar ... tion-boom/

[aeden]

That one on the right look alittle hung over.

Some questions tax payers never get answers to.
I really enjoyed the shrimp on the tread mill study from the last collapse.
U.S. Government Has Spent $682,570 to Study Shrimp On A Treadmill.
Idiots on parade.

I heard the Germans might run out of beer.

Is you pistol grip pump handy is the local meme.

Finally, the price of a barrel of oil has traded generally between 2.5oz and 5oz of silver for over 40 years... until today - using the June contract, it now costs just 1.3oz of silver to buy a barrel of oil - the cheapest ever. t

https://twitter.com/DonaldJTrumpJr/stat ... s-stimulus

[aeden]

Dec 18, 2015 Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40-year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress.

The chin chicks probably still hung over could of balanced the budget and actually read them before signing them also.

It means that in the last few days of the futures trading cycle, (which is tomorrow for this one) speculative or paper futures positions start rolling over to the next contract. This is normally a pretty undramatic affair.

What is happening today is trades or speculators who had bought the contract are finding themselves unable to resell it, and have no storage booked to get delivered the crude in Cushing, OK, where the delivery is specified in the contract.

This means that all the storage in Cushing is booked, and there is no price they can pay to store it, or they are totally inexperienced in this game and are caught holding a contract they did not understand the full physical aspect of as the time clock expires.

Looks like 3 months vacation for the patch players and spread contracts managers shit canned again like last time.

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


Sun Dec 29, 2019 6:09 pm
This is about Crack Spreads and propaganda upticks.
The next push will and did already announce itself as we do not have to announce drug shipments logistics centers
as the liberation theology dullards get decimated and the local idiot demsheviks are still running in place
as blame the cracker.
The ad hoc calculation short hand for the Alinsky marxist is 100k per head debt and eighty percent
welfare permanent costs.
Both the hard left and hard right do not like butt hurt reports. We do not appreciated sticky wages
BLS bullshit reports for IRS rulings gutting us out also. The middle do care what was left over in
abc agency's. The only ray of light seen was the Judges actual report on the FISA abuses to be released January 10th.
To bad She is overly civilized and does not shoot the seditious lot.

The cheerful idiots will cling to the Overton window.
It is impossible to understand what drives these movements without engaging with the economic and cultural circumstances that underpin them.
We will leave to the sealed from above and just a date to the end of this one.

thread: salem gd ggs amos

H calls it on the 17th. Genius that old boy is.

https://www.youtube.com/watch?v=uvrQJFVV3-o

[aeden]

On August 11, 1918 Lenin instructed the following action:

“Comrades! The insurrection of five kulak districts should be pitilessly suppressed. The interests of the whole revolution require this because ‘the last decisive battle’ with the kulaks is now under way everywhere. An example must be demonstrated.

Hang (absolutely hang, in full view of the people) no fewer than one hundred known kulaks, filthy rich men, bloodsuckers.
Publish their names.
Seize all grain from them.
Designate hostages – in accordance with yesterday’s telegram.
Do it in such a fashion, that for hundreds of verst around the people see, tremble, know, shout: “strangling (is done) and will continue for the bloodsucking kulaks”.

Telegraph the receipt and the implementation. Yours, Lenin.

P.S. Use your toughest people for this.


Tellus on on duty locally.

water wheat weather

they got strung up for having wheat and no carbine

[aeden]

Worse, it means that a key pillar of the credit market will be crushed for years: CLOs have been the biggest buyers in the $1.2 trillion leveraged loan market, helping fuel a surge in debt-fueled buyouts and other transactions.

Basically your call to buy the 10 year to the snow drift dilemma was the only call to preserve cap.
The thaw we just seen let the ooze from cracks spill out. August we can look around for the survivors
if the Sogo groups decide from the -30 hit the possible +10 gap release we considered.
I will not open book four. No need to as the demsheviks will continue destroy anything that moved since cap ex has been over
for now. For now we consider Scripps data map for context.

https://nextstrain.org/

[Higgenbotham]

My take on today's oil debacle

First, the facts. May Globex crude oil futures reached a low today of -$40.32 per barrel. The oil contract is 1,000 barrels. This means that someone who bought the low at round number minus 40 dollars per barrel would pocket $40,000 immediately if they had the means to take delivery of one May crude oil contract. Then by storing it for a month they could pocket another approximately $20,000 by selling and delivering one June contract.

Now, my take. First, and I think most important, I have the opinion that May crude for delivery reaching this level means that the market had an overwhelming and incorrect bias toward inflation. In order for a debacle of this extreme to take place, most market participants had to believe that crude oil could not go below X, where X was much higher than where crude should be (which obviously is not minus 40 dollars per barrel either). Second, it means to me that many market participants didn't do their due diligence. They didn't understand that an extreme case could occur where they would be better off taking delivery at a certain price below the June contract and that they really needed to have the means to take delivery set up in that event. Probably there were many market participants who strongly believed that the limit that crude could go to is zero dollars per barrel. Finally, this in my opinion is another Gen X Debacle. Now that things are getting more serious, the Gen X Debacles are getting more serious. The monkeys are now flying B52s.

[aeden]

Same thing as last when it settled out of the collars. Why would they allow it again?

[Higgenbotham]

What is happening today is trades or speculators who had bought the contract are finding themselves unable to resell it, and have no storage booked to get delivered the crude in Cushing, OK, where the delivery is specified in the contract.

This means that all the storage in Cushing is booked, and there is no price they can pay to store it, or they are totally inexperienced in this game and are caught holding a contract they did not understand the full physical aspect of as the time clock expires.

Looks like 3 months vacation for the patch players and spread contracts managers shit canned again like last time.

Yes!

H calls it on the 17th. Genius that old boy is.

It was one possibility that nobody has mentioned so far as I am aware.

[aeden]

It reeks of Office pricks of maximum ruin. Clearly producers did not learn from the 2008-2009 collapse and are once again losses due to decline, many thanks to three-way collars.

The final thing to think about is something that few E&P companies ever think about,
but that most undergraduate finance students learn about: the synthetic put. Updated to 2020 again.

https://www.youtube.com/watch?v=w8Iid0M6Jyo

[aeden]

Illinois Senate Democrats Seek Massive Federal Bailout for State. You thieving pricks.
511,000 undocumented immigrants .

Nobody came to save our asses you mindless zombies.
Enjoy your sticky wages.

Your heartless bastard you never been homeless.

How do you now that?

Idiots run Illinois. You need to a cow to kick over a lantern again I guess.

Daniel "Pegleg" Sullivan, the first person to raise the alarm, said that on seeing the barn on fire, he ran to free the animals,
which included a cow owned by Sullivan's mother. He then informed the O'Learys, who were in their home and were unaware of the fire.

https://www.youtube.com/watch?v=wwvLlEtxX3o