Recent comments by Rajesh

Jackdawracy wrote:

in need of a match

Have you tried Match.com?

Do they allow Cruz into New Hampshire now that he's no longer a Canadian citizen?

I come not to praise 'patient' but to bury it.

Normally a doctor will seek to remove a cancer from the patient, but Wednesday Dr. Yellen is expected to remove patient from the cancer.

Putin needs a son to ascend to the throne after he dies.

Vladimir Putin reappears on television amid claims that he us unwell and under threat of a coup... while rumours suggest Russian leader's girlfriend is about to give birth | Daily Mail Online

This latest forecast of an imminent sea change in Russian politics came from Andrei Illarionov, Putin's former chief economics aide, who last year predicted Putin's land grab against Ukraine three weeks before it happened.

While the Kremlin insists Putin is healthy and in full control of his government, Illarionov claimed: 'In the next few days we should expect the resignation of prime minister Dmitry Medvedev, and Sergei Ivanov being appointed in his place.'

After this, 'the public is likely to be informed that the national leader (Putin) needs a well deserved rest'.

poicv2.0 wrote:

Saw a deer walling by on the way down.

What kind of bike was he riding?

adornosghost wrote:

China is a Failed State

Chinese Communist Party Motto: Fail Forward!

If Russian exports went to zero, China would have to annex Siberia.

josap wrote:

I don't understand how demand dropped like a rock over a year, or less.

Chinese could no longer make money out of sticking oil in storage and borrowing against it. Demand was limited to people actually consuming oil.

josap wrote:

Just the idea that they will raise and the knowledge they will do so again.

It looks like they briefly priced in two interest rate hikes over the next twelve months.
US Financial Data - Federal Funds Futures Market

One Big Earthquake and one Large Tsunami and California will be depopulated habitable again.

Rob Dawg wrote:

Our problems are infrastructure, allocation and politics.

Our problems are infrastructure politics, allocation politics and politics. Fixed It For Ya

Do we need to tow some icebergs off the California coast?

Jackdawracy wrote:

perhaps Greece is merely kicking the can't?

Greece is the can't and Germany's kicking them.

FTA: Grexit would be 'beginning of the end' for Europe, warns EU chief - Telegraph 

Instead the ECB has been drip feeding its emergency assistance (ELA) to Greece's banks which have suffered from rising desposit flight since Syriza came into power.

Desposit flight?

josap wrote:

Obama is making surprise visits to people homes.

Checking for grow farms?

Hu Knows Im Lovin It!
In China, a Building Frenzy’s Fault Lines -NY Times

Billions poured into Chinese real estate, and big foreign financial firms hunted for the next hit — the small bet that investors could ride to great heights. One of those firms, Credit Suisse, scoured the landscape and in 2007 discovered Kaisa, a relatively small property developer in Shenzhen that mostly bought and rehabilitated distressed properties. Credit Suisse brokered a $300 million investment deal for Kaisa, and two years later, it went public. Its chairman, Guo Yingcheng, posed for photographs on the floor of the Hong Kong Stock Exchange holding a statue of a bull, which seemed to signify hopes for his company’s coming bull run. His colleagues poured Champagne into an ice sculpture of the company’s stock code: 1638.

With the $450 million raised in the initial public offering, Kaisa embarked on an aggressive expansion into 20 more cities. It formed a partnership with Marriott hotels and announced plans to build one of the world’s tallest buildings. Kaisa shares skyrocketed, helping lift the fortunes of its Western patrons, including the Carlyle Group, an American private equity firm.

Then came the fall.

The real estate market slumped, dragging down the rest of the Chinese economy. Developers, in particular, were under pressure, as foreign investment dried up.

And in this market tumult, reports surfaced late last year that Kaisa’s chairman was being questioned in a corruption case. With little explanation, in December, Shenzhen authorities blocked Kaisa from selling homes at several major residential developments.

Soon after, Mr. Guo, the chairman, resigned “due to health reasons.” A string of resignations followed that wiped out virtually the entire senior management team, including the chief executive, chief financial officer and the head of investor relations.

The chairman’s family bailed out of the company in February, agreeing to sell its 49 percent stake to a Chinese developer for $580 million, a small fraction of its value just months earlier.

Stock investors got burned as Kaisa’s share price fell 55 percent in just a few months. The developer had also tapped the debt markets, selling $2.5 billion worth of bonds overseas to big fund management companies like BlackRock and Fidelity Investments.

If you have money to flush down the toilet, private school is an efficient way to do it, though a boat is still better.

I knew Putin was a CIA plant!
Nemtsov killing exposes cracks in Kremlin unity
| Reuters

The best-known Russian commander among the separatist rebels in eastern Ukraine, a former special forces officer called Igor Girkin, has accused Putin's entourage of betrayal.

"The team that the president is now working with is absolutely pro-Western," he said in January on Neuromir TV, a Russian Internet TV channel. "It is the same people that the West is counting on as the fifth column."

Official denial:
Tsipras promises Greece will keep its word amid German spat
| Reuters

Tsipras used a visit to the Paris-based Organization for Economic Cooperation and Development, an inter-governmental think-tank, to make his case for a long-term restructuring of Greece's debt while promising to implement agreed reforms.

"There is no reason for concern... even if there is no timely disbursement of a (loan) tranche, Greece will meet its obligations," he told reporters.

"We are here in order for the OECD to put its stamp on the reforms that the Greek government wants to push on with and I believe that this stamp in our passport will be very significant to build mutual trust with our lenders."

josap wrote:

The humor didn't come through, sorry.

It's poic. Wink

Signs of hyper-inflation!
U.S. import prices rise, but inflation pressures still muted
| Reuters

The Labor Department said on Thursday import prices gained 0.4 percent after a revised 3.1 percent plunge in January.

Rob Dawg wrote:

Why are all the layoffs we are hearing about not showing up?

The former employees are "encouraged" to not file for unemployment benefits in return for outplacement benefits?

It's like owning a gold mine...
U.S. gold miner Allied Nevada files for bankruptcy
| Reuters

Allied Nevada, which owns the Hycroft open pit gold and silver mine in Nevada, said in a statement it was filing to restructure its debt, which stood at $543 million at the end of September.

Under the proposed restructuring, the company's creditors and vendors are expected to be paid in full, the company said.

Although the Hycroft mine is expected to continue operating during the restructuring, RBC Capital Markets analyst Sam Crittenden said he did not "expect much, if any, residual value for shareholders after the process given the large debt load and limited free cashflow at spot metal prices."

Allied Nevada's biggest shareholder is Van Eck Associates, with a stake of 5.65 percent at the end of December, according to Thomson Reuters data. The California Public Employees' Retirement System owns 2.3 percent of the company and Paulson & Co Inc. 1.2 percent.

Yoringe wrote:

If you create enough Jobs with State Subsidie to get to Minimum Wage, UE could be 0.

Go the Dutch route, just declare the unemployed as disabled. Heroin addition is a terrible disability.

With negative bond yields, European governments can reduce their debt just by issuing new bonds!

Slide, slide, slide, Let it slide!
Euro slides further on record negative bond yields
| Reuters

The euro extended its unrelenting fall on Wednesday, dropping 1 percent to below $1.06 for the first time in 12 years as the European Central Bank's 1.1 trillion bond-buying program hammered the region's bond yields to record negative levels.

The single currency has declined 12 percent since January and is about 5.6 percent away from reaching parity against the greenback, Reuters data showed.

"For many investors, parity is the next big psychological level, but it might take some time," said Charles St. Arnaud, currency strategist at Nomura Securities International in New York.

lawyerliz wrote:

only somewhere else than it is now.

Are you volunteering Florida?

robj wrote:

I might buy some more next month.

Wait a bit, Greece will be on sale: 75% off.

sm_landlord wrote:

if they really expect the forces to remain in play that long?

Didn't the ECB promise sixteen months of QE or something?

EngineerJim wrote:

Obama doesn't believe in Revelations or Manifest Destiny.

Obama's finger is on the trigger? OMG!

Belmont wrote:

anti-social and always wrong don't go together

They do in my case.

I'm not autistic, I'm just anti-social.

RE wrote:

the Euro is higher than it was 60 years ago.

The U.S. Dollar is higher than it was four hundred years ago.

Outsider wrote:

how much do the banks in turn raise consumers' rates?

The spread between the target Fed Funds rate and the Bank Prime lending rate has been relatively stable. I would expect a quarter point rise in the Prime rate, at least at first.

This is historic: the dollar will soon be worth more than the euro - The Washington Post

There's a currency war going on, and the United States is losing. The latest setback is the news that the euro has fallen to a 12-year low of $1.07, down from as much as $1.39 just last year. That's a 30 percent drop in 11 months, to be exact, and there's no reason to expect it to stop anytime soon.

Now a strong dollar is good for anyone who's planning a trip overseas, but it's bad news for anyone who's planning on selling stuff there. That's why stocks fell, with the S&P 500 down 1.7 percent on the day and now negative on the year, as multinationals that depend on foreign sales took another hit. After all, it's not just the euro that's falling against the dollar, but almost every other currency in the world, too—with Turkey and South Africa's falling more than most on Tuesday.

Why is the dollar up so much? Well, the simple story is that the stronger your economy, the stronger your currency. The slightly more complicated version, though, is that currencies go up when monetary policy is relatively tight, and down when it's relatively loose. Now these should just be different ways of saying the same thing—since central banks raise rates when growth is too strong and cut them when it's too weak—but that's not always the case. Sometimes central banks make mistakes, like Europe did, and tighten policy when the economy is still weak, and sometimes they mistake zero interest rates, like Japan did, for easy policy when the economy is so weak it needs even more help than that.

Does it seem amazing to anyone else that seven years after the mortgage crisis we still have foreclosure inventory?

Lobbyist Ben Dover wrote:

the fake economy will slide.

Don't they make superglue to fix that?

Have you been making payments on that artificial heart?

There are these people here who say they want to repossess it.

We probably won't see the term 'ZIRP fatigue' in the statement.

Euro Area Central Bank Buying Crushes Yield Curves - Bloomberg Business

Germany’s 30-year yield fell as much as 15 basis points to 0.74 percent, while the rate on two-year notes touched a record-low minus 0.255 percent.

The Bundesbank may struggle to meet its buying quotas given the amount of German debt yielding less than the ECB deposit rate, Societe Generale SA analysts wrote in a client note. Germany’s seven-year yield dropped below zero for the first time since Feb. 27.

“Without good purchases in the short-dated bonds, where outstandings are big, it is difficult to see how the Bundesbank is going to get its share of the program done,” the analysts, led by Paris-based head of research Patrick Legland, wrote.

Germany’s three-year note yields reached minus 0.24 percent Tuesday, while the four-year rate touched minus 0.197 percent, less than one basis point from the ECB’s deposit rate.

Outsider wrote:

Anyone thinking June?

There's no way the committee will wait until June 2016 to raise rates.

'Patient' isn't a promise. It's more of a suggestion.

It's the unemotional vampires that are creepy, you know?

There's nothing wrong with being an emotional vampire. Let your inner emotional vampire out every one in a while.