Peak Heist - News and Current Events | futures io social day trading
futures io futures trading


Peak Heist
Updated: Views / Replies:644 / 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 – 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 don’t 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
 

Peak Heist

  #1 (permalink)
Quick Summary
Peak Heist

<h3 style="font-family: Arial, Verdana, sans-serif; line-height: normal;">Peak Heist

</h3>Courtesy of Russ Winter of Winter Watch at Wall Street Examiner

The latest bank heist (LTRO) totaled $641 billion as European banks passed on collateral in exchange for a 3 year, 1% loan. In return the ECB just was handed a gigantic can of worms. The ECB balance sheet is now up to $3.5 trillion USD and at this point an undetermined amount of PIGGS plus Belgium debt.

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


Illustrating the nature of this circular transaction, Reuters reports that Unicredit and Intesa, two insolvent Italian banks are using “state guaranteed bonds” as $52 billion collateral to throw at the ECB. So rather than even using actual Italian sovereigns, the ECB accepts something more nebulous down the food chain. If anybody knows exactly what this collateral is, I’d love to know. It can’t be good, you can’t make this stuff up.

The WSJ is also on a roll describing the complex scams governments are using to just hand money over to banks without going through democratic considerations. Of course at each step along the way transactions can be inflated to benefit banksters. Incredibly these privatizations (and that’s what they are) can be securitized, and pledged as collateral to borrow from the ECB. Explains why a Goldman Sachs crony has taken over in Italy and elsewhere. We are at peak loot.

As part of a broader deficit-reduction tangled web program in Portugal, the government essentially is borrowing money from bank pension funds and could use some of the funds to help state-owned companies repay bank loans. Elsewhere Commerzbank AG is negotiating with the finance ministry to transfer its troubled real-estate finance unit into a government “bad” bank. The bank and government are in talks about ways to structure the deal so it isn’t “considered” a bailout. These Governments can ill afford this at this point.

WSJ:

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


There is a story that a deal to haircut and restructure Greek debt is in the works. This is a default and a big story and yet the markets are ignoring it. The amount of the haircut in net present value terms (uses about 4.25% coupon over eight years) is 65%. That number makes some sense, but Greece is talking about a 10% deficit for the current year.

Euro banks are shedding U.S. mortgage-backed securities (MBS), and depressing their prices along the way. Deutsche Bank estimates that Euro banks hold about $100B in MBS not backed by Fannie or Freddie.

Looks like the Old Maid Card holders used the rally to unload Spanish and Italian 2 year bonds. Spanish 2-years are up 12 bps to 3.47% after falling as low as 3.23%. Italian 2-years up 25 bps to 5.22 after sinking all the way to 4.73%

In the US finance and insurance makes up an outsized 8.4% of GDP. Bankrupting half the governments of the world to maintain this? Matt Taibbi: Obama and Geithner Government Enron style. Way overdue on the time to kill the parasites.

WSJ:


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


Check out Russ’s premium service, Russ Winter’s Actionable. Click here for information.



More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > Peak Heist

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Philly Fed Survey - Predicting A Peak In Earnings? kbit News and Current Events 0 November 17th, 2011 10:00 PM
Peak into future bar/Refresh problem help ipixtlan Investor/RT 1 September 25th, 2011 04:21 PM
Peak Oil Review LukeGeniol News and Current Events 2 March 17th, 2011 03:58 AM
BMT 2.0 new skin (sneak peak) Big Mike The Elite Circle 4 February 3rd, 2010 03:36 PM
Kase Peak Oscillator / statware esscalper The Elite Circle 10 December 6th, 2009 02:09 PM


All times are GMT -4. The time now is 05:41 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 2017-12-12 in 0.07 seconds with 19 queries on phoenix via your IP 54.167.44.32