KTFA:
Mountainman: ...... I have Been LMBO.........Since Last WEEK.......The DOWNSTREAM MEDIA has Been Broadcasting EVERYTHING we have been Studying......
I have Seen You,Don WS,Doodle,Hawk,Doc,PJ, and Others Posting "IN YOUR FACE"Articles......
WHEN I Hear TALK RADIO,Non Cable"NEWS"/Cable "NEWS" Talking about THE BREXIT and What It Means and Covering IRAQ and it's Cities as of LATE LAST WEEK......
The SUMMER Theme is {T I M I N G}......and {ALL} these Media Outlets are Describing The BREXIT as A "DOMINO EFFECT" and that "Once this Happens {ALL} EU COUNTRIES they said Will Leave".........
So Yes, I have Been "ON FIRE" w/What I'm Seeing and Hearing......Even George Soros said The BREXIT is a "TRIGGER MECHANISM" for The MARKETS......
....
Mountainman: ...... I have Been LMBO.........Since Last WEEK.......The DOWNSTREAM MEDIA has Been Broadcasting EVERYTHING we have been Studying......
I have Seen You,Don WS,Doodle,Hawk,Doc,PJ, and Others Posting "IN YOUR FACE"Articles......
WHEN I Hear TALK RADIO,Non Cable"NEWS"/Cable "NEWS" Talking about THE BREXIT and What It Means and Covering IRAQ and it's Cities as of LATE LAST WEEK......
The SUMMER Theme is {T I M I N G}......and {ALL} these Media Outlets are Describing The BREXIT as A "DOMINO EFFECT" and that "Once this Happens {ALL} EU COUNTRIES they said Will Leave".........
So Yes, I have Been "ON FIRE" w/What I'm Seeing and Hearing......Even George Soros said The BREXIT is a "TRIGGER MECHANISM" for The MARKETS......
....
However, They are (NOT) Concerned nor Would I Expect (THEM) to Point to IRAQ Yet; In the Way that We STUDY here.......
So (WHAT) I Find as "A Pattern of PATTERNS, A Recycle of CYCLES, and A Story w/In A STORY is, How the [MIND] becomes "A PLAYGROUND of PREPARATION" for (What) 12/1 want to be "SEEDED" in the SOILS of a Future {ILLUMINATION}......
Then Once "THE DOMINO" FALLS by It's [IMPLEMENTATION]=the VOTE on 06-23-2016. The WORLD and Those that It Will Effect will have Something ALREADY PLANTED that Sprouts Up in the [MINDS EYE] as the Excuse/REASON for this SUMMER'S BLOCKBUSTER Movie......Called "THE BREXIT".......Coming this Week to A GLOBAL THEATER NEAR YOU !!!!!!!!
{BTW}......If You thought the SWISS DEPEG was BAD.....Or Maybe Some have Forgotten.....Here is A "FLASHBACK from the SCHOOLYARD of FORGOTTEN (Non) FAVORITES".......
This SWISS DEPEG was UNEXPECTED and Look at What Happened GLOBALLY to the MARKETS......
The BREXIT is EXPECTED and LOOK at How It's being PREPPED for Ones MIND.....Now ask Yourself.....WHY.....??? Hmmm {ALL} IMO
Blessings,Mountainman (8)=New Beginnings for IGI=I GET IT......NOW.....
So (WHAT) I Find as "A Pattern of PATTERNS, A Recycle of CYCLES, and A Story w/In A STORY is, How the [MIND] becomes "A PLAYGROUND of PREPARATION" for (What) 12/1 want to be "SEEDED" in the SOILS of a Future {ILLUMINATION}......
Then Once "THE DOMINO" FALLS by It's [IMPLEMENTATION]=the VOTE on 06-23-2016. The WORLD and Those that It Will Effect will have Something ALREADY PLANTED that Sprouts Up in the [MINDS EYE] as the Excuse/REASON for this SUMMER'S BLOCKBUSTER Movie......Called "THE BREXIT".......Coming this Week to A GLOBAL THEATER NEAR YOU !!!!!!!!
{BTW}......If You thought the SWISS DEPEG was BAD.....Or Maybe Some have Forgotten.....Here is A "FLASHBACK from the SCHOOLYARD of FORGOTTEN (Non) FAVORITES".......
This SWISS DEPEG was UNEXPECTED and Look at What Happened GLOBALLY to the MARKETS......
The BREXIT is EXPECTED and LOOK at How It's being PREPPED for Ones MIND.....Now ask Yourself.....WHY.....??? Hmmm {ALL} IMO
Blessings,Mountainman (8)=New Beginnings for IGI=I GET IT......NOW.....
Surge of Swiss Franc Triggers Hundreds of Millions in Losses
Brokerage FXCM Gets Rescue Package; Deutsche Bank and Citigroup Suffer Big Hits
Brokers around the world are crumbling in the wake of the Swiss National Bank’s shock decision to remove the cap on its currency. WSJ's Tommy Stubbington reports.
By IRA IOSEBASHVILI, ANDREW ACKERMAN and ALEXANDRA WEXLER
Updated Jan. 16, 2015 7:02 p.m. ET
Banks, brokers and individual investors were left with hundreds of millions of dollars in losses a day after an unexpected surge in the Swiss franc sent shock waves through markets.
FXCM Inc., a major U.S. retail foreign-exchange broker, emerged as the biggest victim so far and had to be rescued by an emergency $300 million lifeline from investment firm Leucadia National Corp.
Shares of FXCM, one of the largest retail currency brokers in the world, were suspended on the New York Stock Exchange on Friday after the company said client losses on Swiss franc trades threatened to put it in violation of regulatory capital rules.
The two-year loan, with an initial interest rate of 10%, is “designed to maintain FXCM’s financial strength and allow it to prosper going forward,” said Leucadia Chief Executive Richard Handler.
FXCM didn’t respond to a request for comment.
Other firms were hit when the Swiss currency jumped by nearly 30% against the euro and 18% against the dollar in the minutes following the Swiss National Bank’s decision to stop reining in the value of the franc against the euro.
Citigroup Inc. and Deutsche Bank AG will each lose about $150 million on the franc’s appreciation, said people familiar with the firms. Goldman Sachs Group Inc. said Friday that the franc’s move will be immaterial to its earnings. Losses at Barclays PLC will be in the tens of millions of dollars, people familiar with the bank said.
Among hedge funds suffering losses: Discovery Capital Management LLC, a South Norwalk, Conn., firm that manages $14.7 billion, and Comac Capital LLP, which oversees $1.2 billion in London. Comac was down roughly 8%, according to a person familiar with the firm.
Losses could be reversed, but the setbacks are the latest for Discovery and Comac. Comac has been roughly flat the past two years, while Discovery ended last year down more than 3% in its flagship fund, after largely recovering from a double-digit-percentage loss early in 2014, according to people familiar with the firms. Bloomberg News earlier reported Comac’s loss.
Meanwhile, staff for members of the Financial Stability Oversight Council, a group of senior U.S. regulators, spoke by phone Friday to discuss the market’s reaction and the impact on specific financial institutions, according to a person familiar with the call.
The discussion didn’t suggest there was an immediate threat to the financial system, this person said.
FXCM was founded in 1999 as one of the first currency brokerage firms to serve retail customers. In recent years, the company has expanded by acquiring weaker rivals, as a years long period of modest swings in foreign-exchange markets led to reduced trading and industry consolidation.
http://ift.tt/17NHZNL
Brokers around the world are crumbling in the wake of the Swiss National Bank’s shock decision to remove the cap on its currency. WSJ's Tommy Stubbington reports.
By IRA IOSEBASHVILI, ANDREW ACKERMAN and ALEXANDRA WEXLER
Updated Jan. 16, 2015 7:02 p.m. ET
Banks, brokers and individual investors were left with hundreds of millions of dollars in losses a day after an unexpected surge in the Swiss franc sent shock waves through markets.
FXCM Inc., a major U.S. retail foreign-exchange broker, emerged as the biggest victim so far and had to be rescued by an emergency $300 million lifeline from investment firm Leucadia National Corp.
Shares of FXCM, one of the largest retail currency brokers in the world, were suspended on the New York Stock Exchange on Friday after the company said client losses on Swiss franc trades threatened to put it in violation of regulatory capital rules.
The two-year loan, with an initial interest rate of 10%, is “designed to maintain FXCM’s financial strength and allow it to prosper going forward,” said Leucadia Chief Executive Richard Handler.
FXCM didn’t respond to a request for comment.
Other firms were hit when the Swiss currency jumped by nearly 30% against the euro and 18% against the dollar in the minutes following the Swiss National Bank’s decision to stop reining in the value of the franc against the euro.
Citigroup Inc. and Deutsche Bank AG will each lose about $150 million on the franc’s appreciation, said people familiar with the firms. Goldman Sachs Group Inc. said Friday that the franc’s move will be immaterial to its earnings. Losses at Barclays PLC will be in the tens of millions of dollars, people familiar with the bank said.
Among hedge funds suffering losses: Discovery Capital Management LLC, a South Norwalk, Conn., firm that manages $14.7 billion, and Comac Capital LLP, which oversees $1.2 billion in London. Comac was down roughly 8%, according to a person familiar with the firm.
Losses could be reversed, but the setbacks are the latest for Discovery and Comac. Comac has been roughly flat the past two years, while Discovery ended last year down more than 3% in its flagship fund, after largely recovering from a double-digit-percentage loss early in 2014, according to people familiar with the firms. Bloomberg News earlier reported Comac’s loss.
Meanwhile, staff for members of the Financial Stability Oversight Council, a group of senior U.S. regulators, spoke by phone Friday to discuss the market’s reaction and the impact on specific financial institutions, according to a person familiar with the call.
The discussion didn’t suggest there was an immediate threat to the financial system, this person said.
FXCM was founded in 1999 as one of the first currency brokerage firms to serve retail customers. In recent years, the company has expanded by acquiring weaker rivals, as a years long period of modest swings in foreign-exchange markets led to reduced trading and industry consolidation.
http://ift.tt/17NHZNL
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