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"Total estimated notional amount of outstanding OTC contracts almost reached $200 trillion at the end of December."

 

How can this number be so big and how can the risk not be rountripped back to Wall Street?

That is the Miracle of the Perpetual Motion Machine.

 

The Atomic Particle Accelerator, which turns debt into AAA-rated Money Markets by vaporizing all risks and sending out into Outer Space via Bermuda SPV Garbage Heaps.

 

Its simple.

 

Take 12,000 Boob Job Loans, pool them up, then cut the pool into 3 pieces:

 

Tranche A: Senior Boob Job Receivables on FICOs of 675 or better. Yields 6%

 

Tranche B: Senior Boob Job Receivables on FICO's of under 675, but 75% guaranteed by MBIA, and credit swapped with Deutsche Bank. Yields 7.5%.

 

Tranche C: Subordinated Boob Job Receivables from all Drama Queens, Psychos, Hollywood Actress Wannabes, Ex-Wives over 45, and all with FICOs under 575. Credit enhanced 25% by ABK, backed by a letter of credit from Banque Zambia, which is piggybacked with another letter of credit from Credit Suisse, which has hedged its risk off by buying off a piece of the Citibank Derivative Cyclone Trust, which is cross guaranteed by 45 HedgeHogs for a fee, all of which are domiciled in a "bankrupt remote" SPV located in Trinidad and Tobagos. Yields 14%.

 

Good luck....

 

Look no further than your Money Market Prospectus for Tranch A stuff.

 

All that crap is sitting in your fund that pays less than 1%.

 

Tranche B and Tranche C are purchased by High Yield Bond Funds, other HedgeHogs, SpreadTraders, Foreign Insurance Companies, etc.

Brilliantly explained,Mark ROFLMAO!

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Head and shoulders on Nasdaq

 

post-7-1084574310.gif

dingleberry,

 

Thanks your chart,

Your chart indicates one of the possibility, it means wave will move 1.236-1.382 of 413, target around 1642-1582. mean 1612.

I havn't figure out the wave pattern on the current down wave, so feel fuzzy for even longer term target, assume nutsduck moves 1.00 of 413 that set target at 1740.

if follows the logic in the following chart, the target is around 1600, which also matches with CrossCurrent (Alan Newman) prediction.

 

desctri-conti-lcp.gif

desctri-conti-nue.gif

 

chart source: http://stockcharts.com/education/ChartAnal...Descending.html

post-7-1084579629.jpg

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:huh:

 

"BBH"?

 

:huh:

 

Maybe google can help me out here....

 

"Budget Backpacker Hostels"?

http://www.backpack.co.nz/

 

:huh:

 

That can't be it.

 

"Blood Bank of Hawaii"?

http://www.bbh.org/default.htm

 

:huh:

 

That can't be it: they're more in the business of drawing blood, not volunteering it.

 

"Brown Brothers Harriman & Co.?"

http://www.bbh.com/

 

Ohhhhh....

 

Likely Skull & Boner Type

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I am having problems with my web publishing software and will not be able to publish the Anals this evening.

 

Hopefully, tomorrow.

 

Sorry for the inconvenience!

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epic rant wyndy....those feckin' commercials drive me nutz...

 

huff tuff.........have a gr8 w/e folks!

 

 

 

...ALL GOOD THINGS IN ALL GOOD TIME...

 

-r. hunter / j. garcia

Those ads may disgust yu but there is more sociological insight in them than you can imagine; a veritable Rosetta stone of what much of commercial life is made out of these days: shit and cotton candy; and the digust one feels is as if you just caught your wife in flagrente delecto---

 

So beneath all of that cosmetic sheilding a kind of combination Pimpolaponziism mixed with a devil-may-care gay whoreishness--

"Screw you working stiffolas--While I stay at home getting brokered fellatio--you go to your G** forsaken office Saharas and die slowly of an unquenchabale thirst for a soupcon of decency--while getting reamed by the CFO's plastic dick

Hi Laverne,its 10 am and already I've made enough moolah to hire the fifteen caballeros for that yard project of yours--

Ah Verde! qui amore Verde!

 

beardrech :ph34r: :ph34r: :cry:

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From John Murphy's market message today...

 

"CPI AND PPI NUMBERS SURPRISE ECONOMISTS... The most frequently seen words in the financial press are "economists were surprised". It seems they're always being surprised by something. This week it was the "surprising" jump in the CPI and PPI inflation numbers. The fact that economists were surprised is a story in itself. It shows what happens when people ignore the clear messages being sent by the financial markets. And when they ignore the obvious. Take commodity prices for example. The CRB Index has been rising for two years and recently reached the highest level in a decade. Rising commodity prices are a leading indicator of inflation."

 

Few paragraphs later:-

 

"Where have they been for the last few months as the market deterioration sent the same message. Long-term rates have jumped to the highest level in almost two years. Here again, economists told us there was no problem there because there was no sign of inflation. This week they suddenly started to take notice. That's why we look at forward-looking markets and not backward-looking economic numbers. Now, the only one left to convince is the Fed. Trouble is the Fed is populated by economists. "

i watched an hour bloomberg tv session last weekend where Murphy was on going over a variety of charts. it was quite interesting. he was bashing economists on the inflation front. not sure if this is a weekly feature.

Why belabor the obvious but untrue statement about the econs not seeing the rise in CPI--this is nothing more than a pre-trial excuse that the, realyy, knowledganle shills will invoke when the the post-bubblonian Gendermerie arrest these false myopic schmucks.

They aren't that stupid but merely conscionsless husbands forced to surrender their souls for a pot of message---

And when they parade their younglings before the bar of justice seeking the mercy they deprived their bagholders, I will,along with other millions of human beings,at the thought of depriving infants of their parents, probably weep--- asking for MERCY MERCY........

oNLY TO FIND OUT LATER THAT THE SHORT PEOPLE, ostensibly their infant children, turned out to be a chorus of HIRED DWARFS

 

BEARDRECH :ph34r: :ph34r: :cry:

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Best analysis of the oil price I've heard. Forward to about minute 12:00

 

http://webcast.newswire.ca/static/live_yday.asf

Allow me to summarize: lotsa fear built into the Crude price, feeding off of terrorism and squeezed gasoline supplies. Barring a 'major' supply disruption from a ME producer expect Crude to decline to $28-$30/bbl. IEA says there is lotsa Oil vs expected demand. (81.5Gbbl : 80.6 Gbbl)

 

Yeah, well mebbe he's correct. 'Fear' is a pretty simple and easy thing to posit. Occam's Razor, so it must be true. Let's all just see what happens. I certainly do not proclaim myself an 'expert'.

 

Some caveats. Assuming terrorism threat melts away, my understanding is that IEA has been caught flat-footed w.r.t. the issue of Asian demand before. What makes their current forecast reliable? Also what is the supply picture? Where does the 81.5Gbbl figure come from?

 

I'd recommend checking out what Simmons and several top petroleum geologists have to say about 'trust us' producer figures before forming a soothing opinion.

 

Also, I haven't heard of anyone suggesting more Oil is being created these days. Peak Oil is an undeniable fact. Not a boo from this Wall Street anal cyst about that. Irrelevant I guess.

 

http://www.globalpublicmedia.com/RAM/2004/....2004-04-27.ram

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Uh -- I gather that it would be better not to leave cash in brokerage accounts?

 

And whassup with this?

 

Bulletin: Oracle slashes value of bid for PeopleSoft

Drano

I ask and ask and ask and still the answers about the safety not only my bank account but even my gold shares held in a bancamerica cage--

I recently went to a kitchen Bizarre to shop for a gigantic kettle and matching ladle--

Not so much for cooking as for the day when,argentina style, I , along with tens of thousands of others, will stand in front of my bank and will be shake rattling the ladle against the interior of the kettle asking for the doors to the banks to open sesame.

 

beardrech-- :ph34r: :ph34r: :cry: From depositor to safe cracker in one generatioin---

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At the end of that interview Simmons talks about IEA's data on OECD imports of oil from Saudi Arabia and that they might have been able to use their stated 2 million bpd spare production capacity for "maybe a week". And that they have "70 million barrels of tank capacity" and "10-15 million barrels of third party storage that they have long term leased".

 

I don't know if he's talking about the "Monthly Oil Survey - TABLE 3.1 - Total OECD: Imports of Crude, NGL and Refinery Feedstocks":

http://www.iea.org/dbtw-wpd/Textbase/stats/oilresult.asp

http://www.iea.org/dbtw-wpd/Textbase/stats...eys/OILSURV.PDF

Which reported 68,894 "thousand metric tons" in 2Q2003. If a metric ton of those three categories is 7.9 barrels or BOE then the OECD imports were:

5.164

6.047

5.093

4.858

Mbpd in the four quarters of 2003. Which would correspond with the EIA report of a one million bpd increase in production for three months.

 

EIA reported that they produced 9.5 million bpd of Crude Oil for three months:

http://www.eia.doe.gov/ipm/supply.html

http://www.eia.doe.gov/emeu/ipsr/t12.xls

 

"Petroleum Imports and Exports (Trade) Data for Selected Countries":

http://www.eia.doe.gov/emeu/international/petroleu.html

"Daily Average" imports:

5.099 Mbpd in Q3 2003

4.941 Mbpd in Q4 2003

 

If there is no reason to doubt the EIA data of 9.5 Mbpd why does he mention the "IEA oil monthly report" of OECD imports?

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