Part 2:
Mountainman: The BIG 5 are taking A DIVE.......Poor Banks.....Meanwhile the Little Guys are being "SQUEEZED OUT" of Business, that is.......Sad
but as You have said DOC...... it Appears that {OIL} will be Used to Equalize the Economies.....As the Monetary Olympics CONTINUE........IMO
Thunderhawk: Backdoc Alert
Moody's Sees $9 Billion Hole at U.S. Banks in Worst-Case for Oil
Wall Street’s biggest banks need to set aside more cash to cover losses as low oil prices take their toll, according to Moody’s Investors Service.
....
Mountainman: The BIG 5 are taking A DIVE.......Poor Banks.....Meanwhile the Little Guys are being "SQUEEZED OUT" of Business, that is.......Sad
but as You have said DOC...... it Appears that {OIL} will be Used to Equalize the Economies.....As the Monetary Olympics CONTINUE........IMO
Thunderhawk: Backdoc Alert
Moody's Sees $9 Billion Hole at U.S. Banks in Worst-Case for Oil
Wall Street’s biggest banks need to set aside more cash to cover losses as low oil prices take their toll, according to Moody’s Investors Service.
....
Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. would need an additional $9 billion to cover souring oil and gas loans in the worst-case scenario, the ratings firm said Thursday in a report.
Still, the banks would be able to absorb such losses out of one quarter’s earnings, Moody’s said.
“Yes, the sector is troubled," said David Fanger, a Moody’s senior vice president and author of the report. “It will generate losses. But it’s not so large that it will blow a hole in the banks’ assets."
Moody’s has downgraded more than 100 energy companies since December as firms struggle to stay afloat with oil below $40 a barrel. Since the start of 2015, 110 North American oilfield-services companies and oil and gas producers have gone bankrupt, owing almost $27 billion in debt, according to law firm Haynes & Boone LLP.
http://ift.tt/1RVQOoU
************
BACKDOC: THE TAX PAYER IS NO LONGER RESPONSIBLE FOR THE BANKS BAILOUTS BUT DON'T FORGET BAILINS! HEE HEE
THE PEOPLE WITH MONEY MAY NEED TO FIND BANKS THAT DON'T HAVE A DEBT PROBLEM. DOC LOL
Thunderhawk: Backdoc Alert
Yellen: Positive about progress in ending 'too big to fail'
Federal Reserve Chair Janet Yellen on Thursday touted the strength of the United States economy, rebuffing political rhetoric suggesting a bubble is ready to burst.
"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
Yellen appeared on a panel with former Fed Chairs Ben Bernanke, Paul Volcker and Alan Greenspan at the International House in New York. The U.S. central bank heads discussed the U.S. economy and monetary policy around the globe.
Yellen's comments come soon after Republican presidential contender Donald Trump's contention that an economic bubble could burst. Yellen noted that she did not see "imbalances" like "clearly overvalued" asset prices.
While Volcker admitted he saw some "overextended" pieces of the financial system, he concurred, saying he does not believe a bubble exists.
Yellen added that the global economy has seen "relatively weak" growth despite positive signs in the U.S. The Fed has taken a cautious approach on raising interest rates this year after hiking its target in December for the first time in nearly a decade. The bank's policy committee now projects two rate hikes this year.
Yellen said she did not consider the December decision a mistake, as indicators at the time showed "substantial" progress toward the Fed's labor market and inflation goals. Moving forward, she noted the Fed would "watch very carefully what is happening in the economy."
"We remain on a reasonable path and a don't think that December was a mistake," she said.
As it decides on how quickly to boost rates, the Fed has dealt with a sagging global economy and U.S. inflation below its target. The Fed's tightening path comes as other central banks around the globe, including those in Europe and Japan, have eased.
The policy committee next meets on April 26 and 27.
Some Fed observers have questioned how the central bank could respond to a possible recession with policy already accommodative. Bernanke noted Thursday that fiscal policy "does have a role to play" on top of monetary policy.
Greenspan added that monetary policy "should not have the whole load" of combating an economic slowdown. However, he cautioned against creating more debt with increased government spending.
Ending 'too big to fail'
Yellen also addressed a recent crusade by Minneapolis Fed President Neel Kashkari, who has floated breaking up large banks to increase financial system stability. She noted that she shared Kashkari's concern about ending firms' "too big to fail" status.
But she said policies like capital and liquidity requirements and stress tests have "greatly enhanced the safety and soundness of the banking system."
"I feel more positive on the progress that we've made," Yellen said.
She said she believes the issue is within Kashkari's purview, noting that the Fed's decentralized structure allows independent views.
http://ift.tt/1VdWLDj
************
Mountainman: ??.....Are You "IN or OUT" ???......Well Whose On 1st......I'm on 2nd.....and as Far as 3rd.....WHO Cares....He's Asleep......Hoping this Downward Spiral will End Soon...... that OLD FIAT is about to CRASH into it's NEW CAR.......but Stock Holders are Seeing the Hand Writing on the WALL......BONDS w/Out ASSET BACKING.....A Dead End Street......IMO.....and The FALL OUT for the (PROFESSIONALS) who have Clients in this Mess......Better You than Me......IMO....SHEESH
Thunderhawk: Backdoc Alert
Billions of dollars bail on stocks and buy bonds
The trend this year is clear: Stocks are out, and bonds are in.
The 10 exchange-traded funds that have suffered the biggest outflows this year are all equity funds of some shape or form, according to ETF.com data.
The biggest losers are WisdomTree's once-hot currency-hedged Japan and Europe products, with $2.7 billion and $2.3 billion worth of net outflows, respectively. Products tied to financial stocks (XLF), big Nasdaq names (QQQ), and biotech (FBT) also saw redemptions of more than $1 billion.
More recently, the character of the flows have shifted a bit, as stocks have turned higher.
Since the start of March, the S&P 500 ETF (SPY) and iShares Emerging Markets ETF (EEM) have managed to drive $4.9 billion and $2.1 billion in net creations, respectively. Still, five of the 10 ETFs that have seen the largest net inflows have been bond funds, even in this more recent time period.
Based on Lipper data, "funds have been flowing into equities at a pretty meaningful rate, and it looks like there has been cash coming off of the sidelines" in the past few weeks, Piper Jaffray technical analyst Craig Johnson said Wednesday on CNBC's "Trading Nation."
Looking at the chart of the S&P 500, "there is no change in trend," so these flows into stocks are "probably going to continue," he said.
Indeed, with so many being left behind by the market's recent bounce, "the pain trade is up," meaning that a further rise in stocks will cause the sort of uncomfortable losses that lead fund managers to change around their positioning. In this case, that shift would mean covering shorts or going long.
"It's going to be even more painful when we break out to new highs," the bullish technical analyst added.
http://ift.tt/1RVQOoW
************
BACKDOC: BAAA HAAA!
WITH THE SHORT COVERING ABOUT OVER IT SEEMS MORE AND MORE UNLIKELY THERE IS ANY REASON FOR THIS MARKET TO SUSTAIN ITS SELF AT THESE LEVELS WHEN CORPORATIONS EARNINGS ARE DROPPING DRAMATICALLY!
EVEN THE TECHNICALS HERE ARE SHOWING IT! EVEN DING DONG DOC JUMPED IN ON A LITTLE SHORT TRADE FOR FUN! HEE HEE
WHO KNOWS BUT THE DOLLAR MAY BE CAUSING TOO MUCH TROUBLE FOR JAPAN. THE FED MAY HAVE TO SURPRISE A RATE HIKE SOON JUST TO KEEP THE YEN OUT OF TROUBLE UNLESS, UNLESS, UNLESS, SOME KIND OF REFORM KICKS IN! LOL DOC IMO
Mountainman: Hey......The Mean GREEN MACHINE has to be Weaned.....RIGHT???......Yes....So....I just don't want to be "In the WAY".......Perhaps these are the SIGNS of A (Precursor) of What NEEDS to Happen......If it LOOKS like this Guy......SHEESH......I'm Out.......
Thunderhawk: Backdoc Alert
The ‘Incredible Hulk’ chart pattern that’s smashing the dollar
The dollar took a sharp turn south against the yen on Thursday, but if you’d been watching a popular technical chart, none of this would have come as much of a surprise.
What’s what has been forming for the last two years on that currency cross USDJPY, +0.57% is called the ‘head and shoulders’ pattern, typically viewed as a bearish sign. But in this case the chart pattern is taken on monstrous proportions.
Technical wizards have seen this particular pattern coming for a while. Here’s how it is formed: the asset first rises to a peak and then declines, forming the left shoulder, then the price rises above the former peak and again declines, making the head. It finally rises again but doesn’t hit that second peak. What follows is a move lower, forming the shoulder and that is when the bearish pain takes full shape.
For the dollar’s part, investors on Thursday decided to test the Bank of Japan’s willingness to let the yen strengthen against the greenback. So far, it seems the central bank is standing aside. Dovish minutes of the latest Federal Reserve meeting that came across as pretty dovish didn’t help the buck, as interest-rate hikes tend to be supportive of a currency.
The greenback dropped to levels not seen since October 2014, last changing hands at ¥108.35, and hitting a session low so far of ¥108.02. That’s a far cry from where it was trading late Wednesday, around ¥109.79.
This aforementioned head-and-shoulders chart is also a dead ringer for one superhero who’s known for saying: “Don’t make me angry. You wouldn’t like me when I’m angry.”
Still, the banks would be able to absorb such losses out of one quarter’s earnings, Moody’s said.
“Yes, the sector is troubled," said David Fanger, a Moody’s senior vice president and author of the report. “It will generate losses. But it’s not so large that it will blow a hole in the banks’ assets."
Moody’s has downgraded more than 100 energy companies since December as firms struggle to stay afloat with oil below $40 a barrel. Since the start of 2015, 110 North American oilfield-services companies and oil and gas producers have gone bankrupt, owing almost $27 billion in debt, according to law firm Haynes & Boone LLP.
http://ift.tt/1RVQOoU
************
BACKDOC: THE TAX PAYER IS NO LONGER RESPONSIBLE FOR THE BANKS BAILOUTS BUT DON'T FORGET BAILINS! HEE HEE
THE PEOPLE WITH MONEY MAY NEED TO FIND BANKS THAT DON'T HAVE A DEBT PROBLEM. DOC LOL
Thunderhawk: Backdoc Alert
Yellen: Positive about progress in ending 'too big to fail'
Federal Reserve Chair Janet Yellen on Thursday touted the strength of the United States economy, rebuffing political rhetoric suggesting a bubble is ready to burst.
"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
Yellen appeared on a panel with former Fed Chairs Ben Bernanke, Paul Volcker and Alan Greenspan at the International House in New York. The U.S. central bank heads discussed the U.S. economy and monetary policy around the globe.
Yellen's comments come soon after Republican presidential contender Donald Trump's contention that an economic bubble could burst. Yellen noted that she did not see "imbalances" like "clearly overvalued" asset prices.
While Volcker admitted he saw some "overextended" pieces of the financial system, he concurred, saying he does not believe a bubble exists.
Yellen added that the global economy has seen "relatively weak" growth despite positive signs in the U.S. The Fed has taken a cautious approach on raising interest rates this year after hiking its target in December for the first time in nearly a decade. The bank's policy committee now projects two rate hikes this year.
Yellen said she did not consider the December decision a mistake, as indicators at the time showed "substantial" progress toward the Fed's labor market and inflation goals. Moving forward, she noted the Fed would "watch very carefully what is happening in the economy."
"We remain on a reasonable path and a don't think that December was a mistake," she said.
As it decides on how quickly to boost rates, the Fed has dealt with a sagging global economy and U.S. inflation below its target. The Fed's tightening path comes as other central banks around the globe, including those in Europe and Japan, have eased.
The policy committee next meets on April 26 and 27.
Some Fed observers have questioned how the central bank could respond to a possible recession with policy already accommodative. Bernanke noted Thursday that fiscal policy "does have a role to play" on top of monetary policy.
Greenspan added that monetary policy "should not have the whole load" of combating an economic slowdown. However, he cautioned against creating more debt with increased government spending.
Ending 'too big to fail'
Yellen also addressed a recent crusade by Minneapolis Fed President Neel Kashkari, who has floated breaking up large banks to increase financial system stability. She noted that she shared Kashkari's concern about ending firms' "too big to fail" status.
But she said policies like capital and liquidity requirements and stress tests have "greatly enhanced the safety and soundness of the banking system."
"I feel more positive on the progress that we've made," Yellen said.
She said she believes the issue is within Kashkari's purview, noting that the Fed's decentralized structure allows independent views.
http://ift.tt/1VdWLDj
************
Mountainman: ??.....Are You "IN or OUT" ???......Well Whose On 1st......I'm on 2nd.....and as Far as 3rd.....WHO Cares....He's Asleep......Hoping this Downward Spiral will End Soon...... that OLD FIAT is about to CRASH into it's NEW CAR.......but Stock Holders are Seeing the Hand Writing on the WALL......BONDS w/Out ASSET BACKING.....A Dead End Street......IMO.....and The FALL OUT for the (PROFESSIONALS) who have Clients in this Mess......Better You than Me......IMO....SHEESH
Thunderhawk: Backdoc Alert
Billions of dollars bail on stocks and buy bonds
The trend this year is clear: Stocks are out, and bonds are in.
The 10 exchange-traded funds that have suffered the biggest outflows this year are all equity funds of some shape or form, according to ETF.com data.
The biggest losers are WisdomTree's once-hot currency-hedged Japan and Europe products, with $2.7 billion and $2.3 billion worth of net outflows, respectively. Products tied to financial stocks (XLF), big Nasdaq names (QQQ), and biotech (FBT) also saw redemptions of more than $1 billion.
More recently, the character of the flows have shifted a bit, as stocks have turned higher.
Since the start of March, the S&P 500 ETF (SPY) and iShares Emerging Markets ETF (EEM) have managed to drive $4.9 billion and $2.1 billion in net creations, respectively. Still, five of the 10 ETFs that have seen the largest net inflows have been bond funds, even in this more recent time period.
Based on Lipper data, "funds have been flowing into equities at a pretty meaningful rate, and it looks like there has been cash coming off of the sidelines" in the past few weeks, Piper Jaffray technical analyst Craig Johnson said Wednesday on CNBC's "Trading Nation."
Looking at the chart of the S&P 500, "there is no change in trend," so these flows into stocks are "probably going to continue," he said.
Indeed, with so many being left behind by the market's recent bounce, "the pain trade is up," meaning that a further rise in stocks will cause the sort of uncomfortable losses that lead fund managers to change around their positioning. In this case, that shift would mean covering shorts or going long.
"It's going to be even more painful when we break out to new highs," the bullish technical analyst added.
http://ift.tt/1RVQOoW
************
BACKDOC: BAAA HAAA!
WITH THE SHORT COVERING ABOUT OVER IT SEEMS MORE AND MORE UNLIKELY THERE IS ANY REASON FOR THIS MARKET TO SUSTAIN ITS SELF AT THESE LEVELS WHEN CORPORATIONS EARNINGS ARE DROPPING DRAMATICALLY!
EVEN THE TECHNICALS HERE ARE SHOWING IT! EVEN DING DONG DOC JUMPED IN ON A LITTLE SHORT TRADE FOR FUN! HEE HEE
WHO KNOWS BUT THE DOLLAR MAY BE CAUSING TOO MUCH TROUBLE FOR JAPAN. THE FED MAY HAVE TO SURPRISE A RATE HIKE SOON JUST TO KEEP THE YEN OUT OF TROUBLE UNLESS, UNLESS, UNLESS, SOME KIND OF REFORM KICKS IN! LOL DOC IMO
Mountainman: Hey......The Mean GREEN MACHINE has to be Weaned.....RIGHT???......Yes....So....I just don't want to be "In the WAY".......Perhaps these are the SIGNS of A (Precursor) of What NEEDS to Happen......If it LOOKS like this Guy......SHEESH......I'm Out.......
Thunderhawk: Backdoc Alert
The ‘Incredible Hulk’ chart pattern that’s smashing the dollar
The dollar took a sharp turn south against the yen on Thursday, but if you’d been watching a popular technical chart, none of this would have come as much of a surprise.
What’s what has been forming for the last two years on that currency cross USDJPY, +0.57% is called the ‘head and shoulders’ pattern, typically viewed as a bearish sign. But in this case the chart pattern is taken on monstrous proportions.
Technical wizards have seen this particular pattern coming for a while. Here’s how it is formed: the asset first rises to a peak and then declines, forming the left shoulder, then the price rises above the former peak and again declines, making the head. It finally rises again but doesn’t hit that second peak. What follows is a move lower, forming the shoulder and that is when the bearish pain takes full shape.
For the dollar’s part, investors on Thursday decided to test the Bank of Japan’s willingness to let the yen strengthen against the greenback. So far, it seems the central bank is standing aside. Dovish minutes of the latest Federal Reserve meeting that came across as pretty dovish didn’t help the buck, as interest-rate hikes tend to be supportive of a currency.
The greenback dropped to levels not seen since October 2014, last changing hands at ¥108.35, and hitting a session low so far of ¥108.02. That’s a far cry from where it was trading late Wednesday, around ¥109.79.
This aforementioned head-and-shoulders chart is also a dead ringer for one superhero who’s known for saying: “Don’t make me angry. You wouldn’t like me when I’m angry.”
That’s an ominous warning for dollar bulls.
http://ift.tt/1RVQQNm
*************
BACKDOC: WELL, NO SURPRISE THUNDER! NEGATIVE INTEREST RATES AREN'T WORKING BUT IT LOOKS LIKE THE MATTRESS IS! BAAA HAA
Mountainman: DUH........Can You BLAME them......The BANKS are UNSAFE, Thus They Bought {SAFES}.....LOL.....and the People of JAPAN have to do What's In their Best Interest.....The same I would do in their Circumstance......Will the BANKS ever LEARN???.......NO, IMO.......
(8)=New Beginnings.......and Hurry Up......Would Ya.......LOL
Thunderhawk: Burglar’s Dream: Japanese Stop Banking, Hoard Over $368 Billion at Home
Japan’s finance ministry announced they will print more money as people lose trust in the country’s official financial architecture.
On Thursday, the Japanese Finance Ministry announced plans to increase the number of ¥10,000 bills in circulation amid signs that mounting numbers of people are hoarding cash.
Financial analysts believe that some Japanese are keeping cash at home, rather than depositing funds in banks, because interest rates on deposits have fallen to zero after the Bank of Japan introduced its negative interest rate in February.
Hideo Kumano, chief economist at Dai-ichi Life Research Institute, estimates that Japanese citizens are presently stashing some ¥40 trillion ($368 billion) at home. Kumano has an altogether different theory for the trend, suggesting that people do not want their wealth to be known following the introduction of a new tax and social security regime.
Nonetheless, Japanese consumers have not limited their spending habits. Recent Bank of Japan data shows daily averages for currency circulation have risen 6.7 percent from the previous year, the sharpest single jump in 13 years, and a sign that the Japanese economy remains robust.
Officials announce that the country will print 1.23 billion ¥10,000 notes in FY2016, 180 million more than the previous year. The number of ¥10,000 issued annually had previously been capped at 1.05 billion from FY2011 to FY2015.
http://www.anirudhsethireport......n-at-home/
Mountainman: Sheesh HAWK.......Sounds Like Governments /Others Everywhere are on a List......but How Often do They Pay the Price the Common Every day Person would have to PAY......IMO
Thunderhawk: US Far Bigger Haven for Money Laundering Than Panama - UN Adviser
United Nations adviser Eric LeCompte claims that the United States remains a far greater hiding place than Panama for criminals and terrorists to hide their wealth through shell corporations.
The United States remains a far greater hiding place than Panama for criminals and terrorists to hide their wealth through shell corporations, United Nations adviser Eric LeCompte said.
"The United States is a preferred location for setting up fake companies," LeCompte stated on Thursday. "The problem the United States must confront is how to prevent corrupt officials, dictators, terrorists, human traffickers, mobsters and weapons dealers from using US-based companies to launder money."
LeCompte, who serves on expert working groups for the UN Conference on Trade and Development, warned that Washington had no grounds for complacency after the publishing of the Panama Papers.
"The United States has its own problem with anonymous companies. There's little need for Americans seeking to hide their money to do so through foreign shell companies," he said.
Dictators and criminal organizations around the world were also attracted to operate in the United States because it gave a fake veneer of legitimacy to their activities, LeCompte explained.
Human traffickers and drug lords preferred to set up their fake companies within the United States "in large part because of the legitimacy that comes with having a US address," he said.
The current structure of US laws and the policies of successive administrations had created an international system in which vast accumulations of capital could be moved with impunity to offshore havens such as Panama, LeCompte added
.
"Trade is important. It's important that trade deals lift up people living in poverty and not worsen economic inequality. The US should craft trade deals that prevent this type of financial crime," he said.
Enormous offshore concentrations of wealth for US-based legal corporations as well as for fronts for criminal enterprises could easily be used to direct major funding to preferred political candidates ensuring their election in supposedly democratic process, LeCompte also suggested.
"Anonymous shell companies facilitate crime and secrecy of all kinds. There is certainly a campaign finance angle — just as there are many other angles," he observed.
Earlier on Thursday, a US Treasury Department official said that the United States will take appropriate action if there have been any violations of US tax laws, although they could not comment specifically on the Panama Papers.
The US government, the Treasury Department official added, uses all sources of information, both public and non-public, when investigating financial crimes.
Eric LeCompte also serves as executive director of Jubilee USA, a religious anti-poverty coalition of 75 US member organizations and 550 faith communities.
http://ift.tt/1RVQQNq
via Dinar Recaps - Our Blog http://ift.tt/1VdWO1N
No comments:
Post a Comment