Derivati USA: CME-CBOT-NYMEX-ICE BUND, TBOND and the middle of the guado (VM 69)

mercoledì, 12 maggio 2010 - 20:02
L'Unione Europea e gli Stati Uniti hanno annunciato che lavoreranno per l'individuazione di una data condivisa nel 2011 per il varo di nuove e più stringenti regole sul trading book delle banche. Si tratta del primo slittamento nell'impegno internazionale verso un sistema finanziario meno rischioso.
"Le parti hanno concordato che, alle luce dei rispettivi sistemi legali e in coordinamento con il Comitato di Basilea sulla Supervisione Bancaria, lavoreranno con l'obiettivo di fissare una data condivisa nel 2011 per le regole sul trading book stabilite da Basilea", hanno detto, in un comunicato congiunto, il segretario al Tesoro Usa, Timothy Geithner, e il commissario europeo Michel Barnier.
Il Comitato di Basilea dei banchieri centrali e dei regolatori aveva concordato che le nuove regole sul trading book avrebbero avuto effetto dalla fine del 2010, ma le banche hanno esercitato pressioni per ottenere un rinvio.
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Rendimenti durante la grande derepssione....


Investment
Vehicle
Investment
Date
Amount
Investment
Value @ Dec. 1935
DJIA
Oct - 1929
$10,000
$3,600
DJUA
Oct - 1929
$10,000
$2,100
Homestake Mining
Oct - 1929
$10,000
$62,000
 
So Many Signs

"Signs, signs, everywhere there's signs
Blockin' up the scenery, breakin' my mind
Do this, don't do that, can't you read the sign"
- Arthur Thomas

* Gold closed at a nominal record of $1,235 an ounce yesterday.
* Investors are putting money to work.
* Credit default swaps reflect doubt on the Euro bailout.
* The Euro reflects doubt about the Euro bailout.

There are so many signs, some say jump into the market now and others say run for the hills. This kind of confusion is like throwing gasoline on a bonfire. Last Friday, there was a legitimate hopeful sign. Overall consumer credit in March edged up to $2.45 trillion from $2.44 trillion in February; the tally was 1% higher year over year.

* Non-Revolving Credit: +3.9%, driven by new vehicle sales
* Revolving Credit: -4.4%, as consumers continue to pick debit over credit cards

For some reason credit unions are fading as their share of credit was down 9.42% to $229.6 billion.

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GOLD GLITTERS​
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In the aftermath of the Lehman collapse, gold faltered as there was a huge margin call everywhere and investors seeking liquidity sold off their winners. The secular bull market for bullion did not end at the time, no long-term trendline was violated, and gold did rise in non-U.S. dollars and far outperformed other currencies. But what happened during this recent round of intense European-led volatility and financial market weakness was that gold rallied even in U.S. dollar terms, which is significant seeing as there were large-scale safe-haven inflows into greenbacks. So this time, gold has managed to hit new highs in all currencies, and gold rallied even with the overall commodity complex slipping noticeably over the past few weeks.
This is a sign. Of what, you may ask? That gold is no longer trading just as part of the resource sector but is now taking on the characteristics of a currency. While the U.S. dollar has gained ground since late last year, there is no doubt that an Administration that has a stated policy of doubling exports in the next five years to "support" two million jobs absolutely craves a depreciating greenback.
Meanwhile, a new socialist government in Japan wants a weaker yen. Sterling has only one way to go in an environment of heightened political uncertainty and a balance sheet that is at least as extended as Greece. And the ECB just gave notice with its agreement to buy sovereign and corporate debt that it is willing to distort the pricing of risk in the bond market for the greater good of helping profligate countries to avoid either defaulting or certainly help them finance their obligations at a subsidized cost. The Bundesbank, this is not.​
So gold is no government’s liability and the shape and shift in its supply curve is the shape would seem to be a little easier to make out than fiat currency. We may end up being overly conservative on our peak gold price forecast of $3,000 an ounce.
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So Many Signs

"Signs, signs, everywhere there's signs
Blockin' up the scenery, breakin' my mind
Do this, don't do that, can't you read the sign"
- Arthur Thomas

* Gold closed at a nominal record of $1,235 an ounce yesterday.
* Investors are putting money to work.
* Credit default swaps reflect doubt on the Euro bailout.
* The Euro reflects doubt about the Euro bailout.











molto sta alla credibilità e alla ampiezza+velocità delle manovre dei paesi UE
compreso il nostro :wall:
 
10.000 dollari nel djia nel 1929 sono diventati 3600 nel dicembre 1935

10.000 dollari nel djua nel 1929 sono diventati 2100 a dicembre 1935

10.000 dollari in homestake mining (azienda aurifera) nel 1929 sono diventati 62.000 nel 1935

mi sembra proprio una di quelle ottime lezioni che da la storia.....:up::up::up:
 

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