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Archive for Dezember 2011|Monthly archive page

Trends 2012: The End of the Euro, The End of the Investor

In Uncategorized on Dezember 30, 2011 at 12:45 pm

„Saw this Guardian headline yesterday: Liquidity crunch fears stalk markets. I’d say that should have read Solvency crunch fears stalk markets. The ECB has taken care of short term liquidity. But to no avail.

Collateral equals solvency. The ECB loans equal liquidity. And liquidity means nothing if you’re insolvent. Inevitably, banks will start to fall by the wayside. Even some of the Too-Big-To-Fail ones.

As will countries. There is no chance – well, I’ll give you 1% or 2% – that Greece will still be part of an unchanged Eurozone a year from now. Chances for Portugal, Ireland, Italy and Spain may be a bit higher, but certainly not by much. France will face huge market pressure. And presidential elections.

The road going forward has become completely unpredictable. For you and me, and also for our „leaders“. They don’t like that, even less than we do. „

http://theautomaticearth.blogspot.com/2011/12/december-29-2011-trends-2012-end-of.html

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Why Didn’t Wall Street Foresee the Sovereign Debt Crisis?

In Uncategorized on Dezember 30, 2011 at 12:43 pm

$30 Billion Fund Manager Makes Case for Being Totally on Sidelines in Treasuries and German Bonds

In Uncategorized on Dezember 21, 2011 at 6:46 pm

$30 Billion Fund Manager Makes Case for Being Totally on Sidelines in Treasuries and German Bonds
MISH'S GLOBAL ECONOMIC TREND ANALYSIS | 2011 12 21
http://pulse.me/s/4cAjE

Michael Platt, CEO and founder of BlueCrest Capital, a $30 billion hedge fund, states the case in an interview on Bloomberg for … mehr lesen

http://pulse.me

PIMCO’s Humiliaton Of Europe’s Failed LTRO Goes Into High Gear

In Uncategorized on Dezember 21, 2011 at 4:31 pm

PIMCO's Humiliaton Of Europe's Failed LTRO Goes Into High Gear
ZERO HEDGE | ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR … | 2011 12 21
http://pulse.me/s/4dhx6

The "Bond King" can't say he didn't warn you. As for the rhetorical answer to his question, we are confident readers don't need … mehr lesen

http://pulse.me

EZB-Bericht: Finanzsystem gef?hrdet wie zu schlimmsten Lehman-Zeiten

In Uncategorized on Dezember 19, 2011 at 7:20 pm

Aber…aber…wir haben das Finanzsystem doch mit Trillionen gerettet?!?

EZB-Bericht: Finanzsystem gef?hrdet wie zu schlimmsten Lehman-Zeiten
SPIEGEL ONLINE | 2011 12 19
http://pulse.me/s/49Oy6

Die Pleite der Investmentbank Lehman?l?ste 2008 einen weltweiten Schock aus. Jetzt schl?gt die EZB Alarm: Nach ihrer … mehr lesen

http://pulse.me

Gold sinking, Dollar rising – are we facing a Financial Crisis worse than 2008?

In Uncategorized on Dezember 16, 2011 at 10:45 am

The ABCs of Re-hypothecation in Gold and Securities Markets: What You Need to Know

In Uncategorized on Dezember 15, 2011 at 8:13 am

„Re-hypothecation is when a broker reuses customer-pledged collateral to back the broker’s own trades and borrowings. It is 100% legal. However, while the practice may be legal, that does not mean it is prudent. Using the same collateral to support two separate borrowing transactions is obviously a risky tactic…

However, MF Global pushed the envelope on re-hypothecation by arbitraging differences in re-hypothecation regulations between jurisdictions and using off-balance-sheet maneuvers to ratchet its leverage to very high levels – referred to as hyper-hypothecation. The many components of this elaborate scheme, when combined, may make it impossible for MF Global’s clients to recoup any of their losses.“

http://www.creditwritedowns.com/2011/12/re-hypothecation-in-gold-securities.html

Germany Preparing Plans For Commerzbank Bail Out

In Uncategorized on Dezember 14, 2011 at 10:30 pm

Germany Preparing Plans For Commerzbank Bail Out
ZERO HEDGE | ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR … | 2011 12 14
http://pulse.me/s/41CMj

Following today's end of day rumor being a dud (and non-existent due to the habituation nature of the market), the closing news … mehr lesen

http://pulse.me

Dieses System ist auf Sand gebaut (Thorsten Schulte)

In Uncategorized on Dezember 14, 2011 at 9:28 am

Interview zwischen Thorsten Schulte und Michael, dem “D?sseldorfer”.

Gold, Silber, Politik, Regierungen, Gesetzesbr?che und Blitzkriege im Metallhandel… Ein spannendes Jahr voller Krisen und rosa Farbe geht zu Ende – ein noch spannenderes Jahr 2012 liegt vor uns. Zu Gast auf der Metallwoche ist heute Edelmetallexperte und Buchautor Thorsten Schulte, bekannt auch als Silberjunge. Das Gespr?ch f?hrt Michael, der “D?sseldorfer”. Viel Spa?!“

http://www.metallwoche.de/dieses-system-ist-auf-sand-gebaut-thorsten-schulte/

Hard-Negative

In Uncategorized on Dezember 12, 2011 at 2:17 pm
Wmc111212a

Ein Auszug aus einem der besten (kostenlosen) w?chentlichen Newsletter die ich kenne, Hussman Weekly (hier geht es zum Archiv):

„As of last week, the Market Climate for stocks was characterized by an extremely unfavorable ensemble of conditions across valuations, sentiment, economic factors, and other conditions. Current conditions cluster with periods such as May 1962, October 1973, July 2001, and December 2007, all which produced 10-20% market losses in extremely short-order. Strategic Growth and Strategic International are tightly hedged here. Strategic Total Return continues to carry an average duration of about 3 years, with about 20% of assets in precious metals shares (where conditions remain quite positive on our measures), and small single-digit positions in utility shares and (non-euro) foreign currencies„.

http://www.hussmanfunds.com/wmc/wmc111212.htm