Gold collapsing. Bitcoin UP.

[cypherdoc]

I think this is important, change of derivatives contracts:

http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html

The purpose of the change appears in the article:

"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "

... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.

This is, on the face of it, a good thing.

Don't forget that this has been a major criticism of the doom and gloom crowd for years;  that the big boys could get out of their derivative contracts at a failing firm while everyone else gets stuck and left behind in their more traditional vehicles.

Getting the priorities right would be a good thing, but this equals to running away without paying legit debt. Anyway, I should say that the apparent objective is to reduce systemic contagion. I think it would do nothing to reduce systemic contagion.

actually, i agree.

my only point was to suggest that doom and gloomers can't always have it both ways.  this has been a major criticism of theirs for years and at least now it's being somewhat addressed.  however, i'm sure the final ruling will have all sorts of loopholes and opt-outs which will destroy the original intent of what's being presented, that's for sure.

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[cypherdoc]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

[cypherdoc]

Vinny Langham kills it:

http://www.gyft.com/blog/gyft-first-data/

this will help drive Bitcoin.

[adamstgBit]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market

[cypherdoc]

gold solidly below 1300:

[Pruden]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market

Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant in a trade and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

It's not that dollar abundance due to QE has created price inflation. It's that everyone is looking for yield higher than the almost zero interest rates, and start passing the hot potato, chasing ever higher asset prices looking for just a little more yield. Corporate debt hardly pays more than Treasury bonds, for example. People think "it's way more risky, but there is no other way to get more return on my investment".

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

[adamstgBit]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market

Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?

[Pruden]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market

Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?

Nobody knows, so it will start moving crazily. You can bet CPI inflation will be quite high in the next few years

[adamstgBit]

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market

Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?

Nobody knows, so it will start moving crazily. You can bet CPI inflation will be quite high in the next few years

well fuck. i'm not the big whale cashing in on the cash, i am a consumer and I like the price index right where it is....

<- little guy getting fucked by the system

[zeetubes]

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation

[cypherdoc]

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation

yep, betting on the buyers showing up.  we'll see.

[Pruden]

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation

Meh, their own chart makes it easy to see that inventories are responsible for more than 35% historically (roughly). In 2006 and 2012 they were around half too (again, with a naked eye).

Typical ZeroHedge much-ado-about-nothing.

[cypherdoc]

“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984"

http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/

[manfred]

The new computer systems can be tricky
http://www.bloomberg.com/news/2014-07-25/biggest-africa-refinery-has-113-million-less-gold-than-in-books.html

[Pruden]

“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984"

http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/

The graph should obviously be logarithmic in order to be able to assert that the top 0.1% has increased their earnings more than the rest. Maybe the rest also multiplied by 6 but you wouldn't notice.

What's more, cumulative inflation since 1970 is... x6.5 (http://inflationdata.com/Inflation/Inflation_Calculators/Cumulative_Inflation_Calculator.aspx)

What I find most funny about that chart is the case it makes for the inflationary 70's ability to prevent the rich from getting richer as opposed to the disinflationary, neoliberal 35 years since then.

[traderCJ]

560 and dropping, ouch .. even with the Wikimedia announcement.

[cypherdoc]

ghash down to 27%

[cypherdoc]

just when you thought it was slowing down:

[hdbuck]

so ghash.io got diluted because of no new miners being plugged in on their side? meaning competition is ramping up. AM seems to be in ambush there too.

[cypherdoc]

gold preparing to plunge: