Bulls, Bears & Bucks #72 Horrorwinter op komst!

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Op woensdag 12 december 2012 21:49 schreef sitting_elfling het volgende:
Zeker gezien rondom mijn leeftijd de groep 20-30. Die geeft elke dollar uit die er binnenkomt (helaas). En als ze sparen, gaan ze op een veel te dure vakantie en geven ze het net zo hard uit in 2 week (vakanties van ver boven de 10k).

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Op woensdag 12 december 2012 23:22 schreef Digi2 het volgende:
Er lijkt anders wel een verband te zijn tussen de verhoogde arbeidsproductiviteit in noord europa en de stijgende werkloosheid in de zuidelijke landen. Alhoewel er wel een time-leg tussen zit. Mogelijk vanwege een onjuiste risico perceptie en kunstmatig gedrukte rente niveaus.

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Op woensdag 12 december 2012 20:51 schreef Perrin het volgende:

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Als je niet herverdeelt wel. Maar als niemand meer je robotisch geproduceerde massaproducten kan kopen omdat je al die mensen uitsluit van de economie, heeft die automatisering ook niet zoveel zin.. Krijg je allemaal fabrieken die massa's producten kunnen maken waar geen (economische) vraag naar is. Lekker handig

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Op woensdag 12 december 2012 21:46 schreef SeLang het volgende:

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Een werkloze anno 2012 heeft een betere levensstandaard heeft dan iemand met een minimum loon 50 jaar geleden. En meer vrije tijd is ook een vorm van welvaart. Niet werken en toch geld krijgen, dat is de ultieme luxe en het streven van veel werkenden (uiteindelijk stoppen met werken en rentenieren)

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Op woensdag 12 december 2012 23:22 schreef Digi2 het volgende:
Er lijkt anders wel een verband te zijn tussen de verhoogde arbeidsproductiviteit in noord europa en de stijgende werkloosheid in de zuidelijke landen. Alhoewel er wel een time-leg tussen zit. Mogelijk vanwege een onjuiste risico perceptie en kunstmatig gedrukte rente niveaus.

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Op maandag 17 december 2012 19:45 schreef fedsingularity het volgende:
Vijftig minuten Marc Faber

In het voorjaar van 2013 verschijnt een nieuwe documentaire over de economische crisis, getiteld "The Bubble". In de documentaire geven verschillende experts die de crisis zagen aankomen uitleg over de oorzaken en de gevolgen van deze crisis. De documentaire stelt de vraag of de economie echt aan het herstellen is of dat er een nieuwe bubbel opgeblazen wordt. De makers hebben nu al het volledige interview met Marc Faber op Youtube gezet.

The Bubble - Raw footage of Marc Faber interview

Meer op oude bekenden op: http://thebubblefilm.com/

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Bank of England Says Sterling Hurting Economy

LONDON—The strong pound is holding back the U.K. economy, the Bank of England said on Wednesday, in its starkest warning yet on Britain's diminishing export prospects.

Although the sterling exchange rate remains well below levels seen before investment bank Lehman Brothers Holdings Inc. collapsed in 2008, recent gains have been "unwelcome" and are eroding British firms' competitiveness, according to the minutes of the rate-setting Monetary Policy Committee's December policy meeting.

http://online.wsj.com/art(...)188814139238322.html

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Op woensdag 19 december 2012 14:33 schreef SeLang het volgende:

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* Kuch *

[ afbeelding ]

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An Open Letter to David Cameron, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N Turner

I am writing to ask you, as Prime Minister, for some clarification.

Does your government endorse the notion that banks and bankers should be given a licence to commit criminal acts without any fear of prosecution? Is this now official government policy? Are the British public now being asked to accept that, despite incontrovertible evidence of multiple criminal acts by banks, including money-laundering, drug-money-laundering, Libor rigging, multiple frauds and assorted Ponzi schemes, bankers are considered to be immune from prosecution? And if so, can I ask on what grounds your government, or indeed the government of any democratic country, can justify such a policy?

Since this article appeared, I have spoken to several well-informed people who are so outraged by this proposition that they cannot believe Mr Bailey made this statement — the ramifications are so immense and so terrifying to the democratic process.

In his position as chief executive designate of the Prudential Regulation Authority, Mr Bailey has a duty to adhere to the FSA Principles, FSMA 2000 and, of course, the United Kingdom law. Yet it seems this legislation can be overturned without due process, without any regard to the consequences and without any regard to the fact that the regulator — if it fails in its duty to enforce FSMA or to report criminal acts to the relevant authorities — could become an accessory to the crimes it is failing to report.

There is no doubt the people of this country, having been collectively ‘mugged’ by its major financial institutions in recent years, feel completely let down by successive governments, given that the governments have:-

• Allowed the banks to fail abysmally thanks to the adoption of ‘light touch regulation’ from about 2002;
• Bailed out failed financial institutions without any enforceable conditions at a cost of scores of billions of pounds;
• Failed to bring any banker to account despite transparent misdeeds;
• Permitted bankers to continue to demand and get millions of pounds in rewards for failure while the rest of the country endures ever greater austerity measures;
• Failed via the regulators to stem the increasing rise of institutional fraud against investors and the general public.

After having been so badly let down by regulators and governments we, the people of the United Kingdom of Great Britain and Northern Ireland, had been patiently waiting for the law of the land to be applied, in the expectation that people and institutions that are guilty of criminal acts would be held accountable via the justice system. Perhaps naively, we thought that, even where other institutions had failed us, we might rely on the law and the judicial process as the cornerstone of democracy.

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'Groot deel Griekse belastingschuld oninbaar'

Griekenland moet een groot deel van de nog uitstaande belastingschulden in het land afschrijven omdat ze oninbaar zijn. Dat stellen de EU en het IMF in een rapport over de financiële situatie van het noodlijdende land.

De Griekse belastingdienst zou nog slechts 20 procent van de in totaal 53 miljard euro aan uitstaande schulden kunnen ophalen, denken de geldschieters van het land. Daarbij moet volgens de onderzoekers veel meer aandacht worden gericht op de 1500 belangrijkste wanbetalers, die samen ongeveer twee derde van de belastingschuld vertegenwoordigen.

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Fed Concerned About Overheated Markets Amid Record Bond-Buying.

Federal Reserve officials are voicing increased concern that record-low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they reverse their unprecedented bond purchases.

Federal Reserve Chairman Chairman Ben S. Bernanke is on the lookout for financial distortions that may reverse abruptly when the Fed stops adding to its portfolio. Photographer: Andrew Harrer/Bloomberg
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Investors have been snapping up riskier assets since the Fed boosted its bond buying to reduce long-term borrowing costs after cutting its overnight rate target close to zero in December 2008. Enthusiasm for speculative-grade bonds is at unprecedented levels, driving a Credit Suisse index that tracks the yield on more than 1,500 issues to a record-low 5.9 percent last week.

Now, as central bankers boost their stimulus with additional bond purchases, policy makers from Chairman Ben S. Bernanke to Kansas City Fed President Esther George are on the lookout for financial distortions that may reverse abruptly when the Fed stops adding to its portfolio and eventually shrinks it.

“Prices of assets such as bonds, agricultural land, and high-yield and leveraged loans are at historically high levels,” George said in a speech last week. “We must not ignore the possibility that the low-interest rate policy may be creating incentives that lead to future financial imbalances.”

Bernanke himself raised that concern this week, saying the central bank has to “pay very close attention to the costs and the risks” of its policies during a Jan. 14 discussion at the University of Michigan’s Gerald R. Ford School of Public Policy in Ann Arbor.

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NYT: How to Cut Megabanks Down to Size

It is a prevailing myth in Washington: big bailouts are over for good. Never again, the line goes, could giant financial institutions imperil the nation’s economy.

This is nonsense, of course. Whatever regulators and lawmakers say, the Dodd-Frank financial overhaul lacks any guarantee that taxpayers won’t have to come to the rescue again.

So it was refreshing to hear a member of the Federal Reserve Board debunk the bailouts-are-gone theory last week.

The official was Richard W. Fisher, the president of the Federal Reserve Bank of Dallas and a longstanding truth-teller about too-big-to-fail banks. On Wednesday, in a speech in Washington, Mr. Fisher laid out a compelling proposal for shrinking financial giants in order to protect taxpayers. He suggested that megabanks be chopped into pieces, so that no one of them could endanger the financial system if it ran into trouble.

That may sound like a return to the Glass-Steagall Act, the Depression-era law that separated investment banking and commercial banking until it was dismantled in 1999. But Mr. Fisher’s plan is more sophisticated than Glass-Steagall, in that it recognizes how complex big financial institutions have become. Glass-Steagall concerned only old-school banking businesses, like making loans, and Wall Street businesses, like trading stocks. Today’s financial behemoths are in so many different businesses that a top-to-bottom restructuring is required.

Why? Mr. Fisher argued that megabanks not only threaten taxpayers with bailouts, but that their continuing failure to lend is also thwarting the Fed’s efforts to jump-start the economy by keeping interest rates low. “I submit that these institutions, as a result of their privileged status, exact an unfair tax upon the American people,” he told his audience. “Moreover, they interfere with the transmission of monetary policy and inhibit the advancement of our nation’s economic prosperity.”

Smaller institutions, by contrast, have continued to lend in the post-crisis years, especially to the kinds of modest-size businesses that create so many jobs across the country. According to figures compiled by Mr. Fisher’s colleagues at the Dallas Fed, community banks — defined as those with no more than $10 billion in assets — hold less than one-fifth of the nation’s banking assets. Nevertheless, they hold more than half of the industry’s small-business loans.

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Op dinsdag 22 januari 2013 11:27 schreef arjan1212 het volgende:
Boem. Daar gind de DAX onderuit, op de voet gevolgd door eurodollar. Ergens is paniek over, maar waarover? Handelaren gissen en twitteren volop, maar het lek is nog niet boven.

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Op dinsdag 22 januari 2013 11:31 schreef µ het volgende:

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DAX - 7,674.51 -0.96%

-1%, is dat 'onderuit'? Of heb ik oude info?

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Op dinsdag 22 januari 2013 12:40 schreef JimmyJames het volgende:
http://www.zerohedge.com/(...)monetary-policy-plan

Volgens Kyle Bass was het toch einde oefening voor Japan wanneer de BOJ geen deflatie meer kon beloven

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Op dinsdag 22 januari 2013 12:45 schreef piepeloi55 het volgende:

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Pas als de inflatieverwachting zich gaat weerspiegelen in de rentestand. Eerst moet de markt nog in een blijvende inflatie van 2% geloven..