Financial topics

[at99sy]

Another brick in the prison planet wall ---- The SWIFT Takeover: With "Follow The Money", NSA Knows All About Your Spending Habits

http://www.zerohedge.com/news/2013-09-1 ... ing-habits

"They also know how much anyone in the world has spent on credit card-based purchases, what the source of that money is, and what the purchase was. In other words: absolute monetary and financial surveillance."

Orwell would be amazed.

Think you can hide in a crowd? Think again, and the brand of sunglass you are wearing in a crowd of 10's of thousands is ---

This picture was taken with a 70,000 x 30,000 pixel camera (2100 Megapixels.) These cameras are not sold to the public and are being installed in strategic locations. It can identify a face in a multitude of people.

Open the link below. Place the cursor in the mass of people and double-click about four or five times (or 'finger-spread' on a device.) Keeping clicking and see what happens....

http://www.gigapixel.com/mobile/?id=79995

Big Brother IS Watching

Very impressive imagery. Of course it will only be used by our dear leaders to protect the little children.

sy

[aedens]

http://www.zerohedge.com/news/2013-09-1 ... 3-year-low Hör wie es schreit

http://www.youtube.com/watch?v=jllJ-HeErjU until your hair is on fire.

Carroll Quigley The Recession of 1937
The recession was marked by a break in wholesale prices, a decline in business activity, and an increase in unemployment. In most countries it began in the spring of 1937 and lasted for about ten months or a year. It was caused by several factors: (1) much of the price rise before 1937 had been caused by speculative buying and by the efforts of "panic money" to seek refuge in commodities, rather than by demand from either consumers or investors; (2) several international commodity cartels created in the period of depression and early recovery broke down with a resulting fall in prices; (3) there was a curtailment of public deficit spending in several countries, especially the United States and France; (4) the replacement of capital goods worn out in the period 1929-1934 had caused much of the revival of 1933-1937 and began to taper off in 1937; (5) the increase in political tension in the Mediterranean and the Far East as a result of the Civil War in Spain and the Japanese attack on North China had an adverse effect; and (6) a "gold scare" occurred. This last was a sudden fall in the demand for gold caused by the fact that the great increase in gold production resulting from the United States Treasury price of $35 an ounce gave rise to rumors that the Treasury would soon cut this price.

https://www.youtube.com/watch?v=sWJ6qBPIfZs wasting process cannot be denied -----Local facts still waiting on property tax figures.
The 5.8 percent increase in suburban poverty and a 14.3 percent increase in urban poverty is real.
We are considered law breakers making bread according to the educated it was heard. Long live the bread of truth and we are level at the base of the His cross.

http://www.detroitnews.com/Story_not_found it was about homeless students ---- Number of homeless students in Michigan increased 66% in past 4 years -----

volatility buyers have their ass handed to them - will only even begin to look around the 23rd or 24th to even begin sorting this out.
We trade our book here. https://www.youtube.com/watch?v=9Nz5CJi7gZc https://www.youtube.com/watch?v=MDGQcIAi-EQ

https://www.youtube.com/watch?v=7zxpCkuiL0Y

[aedens]

http://www.scribd.com/doc/49565434/Von-Mises

https://www.youtube.com/watch?v=RhaUKA1ePXE

http://browserspy.dk/

kw OpenDNS

Dudley Doright wears pink panties just as around here with the watermellons and green masks.

You cannot reboot an economy without self-sustaining communities. Amen

Up here, the maroons are exporting their timber and fish to Asia, stockpiling redwood in hedge funds, and replacing the productive economy with low-quality pot sales, subsidized hotel tax, and RE re-re-re-refinancing. And they, 2/3 of which work directly or indirectly for the government, are bitching for secession, by waiting for a democratic plan and empire approval. Crack me up. The law follows behavior, not the other way around.

[gerald]

Janet Yellen --
"She will make Mr. Bernanke look like a hawk, in 2010, said if could vote for negative interest rates, in other words, you would have a deposit with the bank of $100,000 at the beginning of the year and at the end, you would only get $95,000 back, that she would be voting for that." http://www.zerohedge.com/news/2013-09-1 ... -board-now

and --

Here is a quote from her on February 22 ( 2010 ) "If it were possible to take interest rates into negative territory I would be voting for that." http://truthingold.blogspot.com/2010/04 ... earch.html

Negative interest rates will do what for the economy? Trust in the Banks? Trust in the government? etc.?

[vincecate]

"If it were possible to take interest rates into negative territory I would be voting for that." - Yellen

Interest rates have been going up. If the Fed does not increase what it pays on excess reserves then that new money they made will finally leave the Fed and cause inflation. My guess is Yellen won't increase the rates and we get huge inflation.

Yesterday's "no tapering" news caused interest rates to go down. Note that the long term did not go down as much as short term. I expect rates to go up again. Still think this is the best way to tell when market will crash.

interest.gif (10.38 KiB) Viewed 4311 times

[Higgenbotham]

George Lindsay said “Low-Low-High Counts are usually accurate within a margin of one or two days. This is their point of superiority. Many seem to work to the exact day, or even hour.”

In early February there were a few talking about a Lindsay Low-Low-High Count to that time frame. There's also one from August 9, 2011 (Low) plus 206 trading days to June 4, 2012 (Low) plus 206 trading days to April 2, 2013 (High)...

The actual high in the second case was April 11, 2013 which was a second failure of this method. I've seen this method work in the past and perhaps with QE having reached its limits it will work this time. One point in its favor is 5 months or 22 weeks has been a repetitious cycle in the markets for a long time and I suppose the turn down on Friday may preliminarily indicate a high is in.

LOW LOW HIGH.gif (69.44 KiB) Viewed 4275 times

Perhaps another technical point in favor of this being a long term high is the flattening of the upper red Bollinger Band on the chart below, followed by the probe up into the band and reversal away from it on the weekly close as also occurred at the 2007 high (blue circled areas).

BAND.gif (99.31 KiB) Viewed 4274 times

[Higgenbotham]

There is indeed the possibility of a panic at any time now as so many potential triggers from the Euro mess to Japan sliding to oblivion to a panic in China. I don't think, however, we are that close to the "Big Kahuna" that will bring us to Dow 3000 or thereabouts yet. The reason is that most market participants believe wholeheartedly in the Federal Reserve's ability to stop any slide. When this faith begins to fade, all hell is going to break loose.

weak stream's point from 2 years ago turned out to be a very good one. All hell broke loose in the second half of 2011 but the faith in the Fed remained and things turned around.

We may be seeing this faith start to fade. As we know, this week the Fed stunned markets by continuing the $85 billion in QE instead of tapering as expected. The market had the typical surge after the Fed announcement but then atypically lost most of the surge only 2 days later. If the technical patterns that have worked in the past are going to start working again, I think this will have to be the underlying reason why - loss of faith in the Fed. I noticed many commentators expressed dismay at Bernanke this week rather than the typical awe.

Bernanke's solution, it seems, was to tell us what he was going to do and when. And it worked, for a while.

But lately it has been getting harder to believe Bernanke...Wednesday's taper two-step will diminish Bernanke and the Fed's credibility further.

http://finance.fortune.cnn.com/2013/09/ ... -no-taper/

Economists and market analysts have blasted Federal Reserve chief Ben Bernanke after the Fed stunned markets with its unexpected decision to not cut its stimulus.

Bernanke came under fire for having stoked nearly unanimous expectations that the Fed would announce the "taper" of its $US85 billion ($91 billion) a month bond-buying program after its policy meeting Wednesday (US time).

http://www.smh.com.au/business/markets/ ... 2u3bg.html

[Higgenbotham]

When a powerful institution like the Federal Reserve hears some criticism or encounters some internal dissent, the typical response is to ignore it because it presents no threat.

If the criticism is valid and does in fact present a threat, the institution will mount a campaign to deny that the threat is in fact significant.

We can be then sure that the institution realizes it is in trouble.

Fed's Bullard: Decision not to taper 'enhanced' Fed's credibility

(Reuters) - The Federal Reserve's surprise decision to maintain its monthly bond purchases improved rather than damaged the U.S. central bank's credibility, a top Fed official said on Friday.

"I think it enhanced our credibility in the sense that it showed we really are paying attention to data and not on some automated program to cut QE to zero," St. Louis Fed President James Bullard told reporters following a speech in New York.

The Fed's decision on Wednesday surprised financial markets, which had expected the Fed to trim its purchases this month. Policymakers said this week they needed to see more improvement in the U.S. economy.

Kansas City Fed President Esther George, who was the lone dissenter against the decision, said Friday the Fed had damaged its credibility by deciding not to act.

http://www.reuters.com/article/2013/09/ ... TX20130920

[Higgenbotham]

Yesterday's "no tapering" news caused interest rates to go down. Note that the long term did not go down as much as short term.

I think we can now draw a valid conclusion as to what really happened to the 5 year rate and what it means.

1. Financial institutions were convinced that the Fed would taper and thought any bet ahead of that was virtually risk fee money.
2. Further, it was thought that, if the Fed tapered the expected $10 billion or so, what little the Fed was buying in the 5 year area of the curve would be dropped first. Therefore, interest rates on the 5 year would rise more due to tapering than they would on the long end.
3. The day before the Fed announcement there were some hints that the Fed would not taper and there were actually some tweets that went out on twitter on September 17 stating that the Fed would not taper. Hence some insiders began to unwind those bets ahead of time as we see on the chart.
4. None of this movement had anything to do with people thinking that the US government was in danger of an earlier than expected default (due to the rate on the 5 year rising faster lately) as I had speculated earlier.
5. Speculators were dismayed that the Fed had not given them free candy as has happened so many times in the past. The code words used to describe that were "communication failure".

[Higgenbotham]

Nice summary of key items from separate sources.

I have a theory about technical indicators, which is that most people only pay attention to the ones that that confirm what they already think. Technicals are primarily entertainment, in other words. But every once in a while a market's charts, graphs, and images line up in a persuasive way, and for U.S. stocks this looks like one of those times.

http://www.safehaven.com/article/31194/ ... technicals