Where Are We Now? A Comparative Timeline Approach - News and Current Events | futures io social day trading
futures io futures trading


Where Are We Now? A Comparative Timeline Approach
Updated: Views / Replies:302 / 0
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Where Are We Now? A Comparative Timeline Approach

  #1 (permalink)
Quick Summary
Where Are We Now? A Comparative Timeline Approach

Let's assume that the statement "its never different this time" is there for a reason, and is fundamentally correct. In which case this time is just like some other previous time. Furthermore, considering that the underlying reasons for the Great Financial Crisis of 2007 never went away but merely saw their symptoms masked by trillions of dollars in monetary and fiscal stimulus, it is safe to say that what is currently happening in Europe, accompanied by financial failures in the US, is merely a continuation of that epic collapse that started all the way back in 2007 with the failure of New Century. And since history always rhymes, and all too often it is easy to ignore the big picture of the past, we would like to remind readers of precisely what the key events in the first great collapse were, transpose these to the present, and attempt to predict the future. The questions are: who is next, when, where and how. To help us with the answer, here is a brief history of two timelines...

Here is the compare and contrast courtesy of South of Wall Street:
  • April 2007 | New Century goes down SEC Filing
  • June 2007 | Bear Stearns suspends redemptions from its High-Grade Structured Credit Strategies Enhanced Leverage Fund - (With that name, who put money in this thing? Enhanced Leverage...)
  • July 2007 | Bear Stearns liquidates said funds U.S. Bankruptcy Filing -
  • August 2007 | Countrywide borrows the entire $11.5 billion available in its credit lines with other banks. Fitch Ratings downgrades & SEC Filing
  • January 2008 | Countrywide goes down - BofA 'buys' them
  • February 2008 | Northern Rock goes down UK Treasury Release
  • March 2008 | Bear Stearns goes down - JPM 'buys' them Federal Reserve Press Release
  • July 2008 | SEC bans naked short selling in the securities of Fannie, Freddie, and banks SEC Press Release
  • September 2008 | Fannie and Freddie are wiped out
  • September 2008 | Lehman goes down - Merrill is 'bought' buy BofA
  • September 2008 | SEC bans on short selling in the stocks of all companies in the financial sector PR
  • September 2008 | All types of facilities, guarantees, and swap lines are extended (TAF, AMLF)
  • September 2008 | JPMorgan 'buys' Washington Mutual
  • October 2008 | Wells Fargo 'buys' Wachovia
  • October 2008 | TARP comes to life H.R. 1424 | Public Law
Where are we now?
  • February 2010 | EU and Greece reach austerity plan
  • April 2011 | Portgual asks for a bailout
  • October 2011 | Greece 'haircut' ruled voluntary - MF Global Goes Down - CDS now meaningless
  • December 2011 | Greek default no longer the world's focus as Italy collapses
  • January 2012 | Greece defaults
  • March 2012 | Germany to leave the EU
  • June 2012 | French banks fail - French yields soar as bond auctions fail
This WSJ timeline is worth considering as we are now 18 months into the 'crisis'.

Europe is no different than the US housing bubble that lead to the subsequent credit crisis. It was fairly straight forward that the housing mess would end poorly. However, it played out slowly ... until it didn't. The housing collapse and ensuing credit collapse were the most well documented events that no one was prepared for.... until Europe.

MF Global and Greece are NOT going to be the end of this story, they're the New Century or Bear Hedge Funds of this collapse. We're just beginning. Are you prepared?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > Where Are We Now? A Comparative Timeline Approach

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
THE CLIFFS NOTES VERSION OF MY APPROACH TO TRADING tigertrader Beginners and Introductions 3 July 8th, 2015 03:28 PM
Managed vs Unmanaged approach Merlin997 NinjaTrader Programming 3 October 21st, 2011 06:32 AM
G-20 Debt Crisis Approach: Some Talk, But Little Action Quick Summary News and Current Events 0 September 24th, 2011 02:50 PM
Economic News Addin Approach for NT j0hnth0m The Elite Circle 10 February 1st, 2011 03:24 PM
What is your experience with thetradescalper.com approach? vital38 Trading Reviews and Vendors 28 July 16th, 2010 08:40 AM


All times are GMT -4. The time now is 10:32 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.08 seconds with 19 queries on phoenix via your IP 54.227.51.103