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lunar 20.06.2008 18:34

:eek

Posted by honey

lunar 20.06.2008 20:13

:eek hört - hört :eek und das auf CNN :eek

Lou Dobbs: Bush Should Be Impeached for Salmonella Outbreak
CNN host says leadership in 'sorry condition' and inability to 'protect the American consumer' is 'sufficient reason to impeach a president.'

By Jeff Poor
Business & Media Institute
6/20/2008 12:47:50 PM


CNN’s Lou Dobbs has been on a tear about the recent tainted-tomato salmonella outbreak, but this time he’s taken it a step further and is calling for the ultimate political punishment.

The “Lou Dobbs Tonight” host placed the blame for the recent salmonella outbreak squarely on President George W. Bush, calling for his impeachment on the June 19 broadcast. Contaminated tomatoes from an unknown source or sources have sickened 383 people since April, according to the Associated Press.

“You know, I have heard a lot of reasons over the years as to why George W. Bush should be impeached,” Dobbs said. “For them to leave the Food and Drug Administration (FDA) in this state, its leadership in this sorry condition and to have no capacity apparently or will to protect the American consumer – that is alone to me sufficient reason to impeach a president who has made this agency possible and has ripped its guts out in its ability to protect the American consumer.”

“It’s insane what’s going on here,” said a visibly angry Dobbs. “Is there any sense of embarrassment on the part of the leadership of that agency?”

On June 18, Dobbs called the FDA “excessively intellectually challenged.” The night before he called the FDA “moronic.”

“The FDA, led by complete moronic, unengaged incompetents,” Dobbs said on his June 17 broadcast. “The idea that they would sit there and say that they’re not going to reveal where a cluster of this outbreak occurred, this is arrogant beyond belief. Who in the world do these idiots think they are? Who do they think they’re working for?”

He also implicated Bush in that tirade: “As for this administration, were a responsible president at the helm of this country, I would wonder why he is not taking action, but then again, this is of course his FDA and his legacy.”

mit Video ---> http://www.businessandmedia.org/art...0620123425.aspx

...ich wüsste noch ein paar andere Gründe :rolleyes


lunar 20.06.2008 20:19

Mississippi Floodwaters in Iowa

June 17, 2008 10:28 AM

The rising Mississippi River has broken high-water records up and down the Iowa and Illinois shore, cresting as high as 12 feet above flood stage in some places. Estimates place the cost of the damage at over $1 billion dollars, and concerns are rising over crop damage, toxic remnants that were washed into neighborhoods, future mosquito invasions, and maintaining supplies of clean drinking water. Communities further downstream are bracing for possible flooding as well. (16 photos total) eine davon :rolleyes




http://www.boston.com/bigpicture/20...ers_in_iow.html

lunar 21.06.2008 08:39

Hank Paulson seeks to expand Federal Reserve's role after credit crisis


By James Quinn, Wall Street Correspondent
Last Updated: 11:57pm BST 19/06/2008

US Treasury Secretary Henry "Hank" Paulson believes the Federal Reserve should have a greater role in the oversight of financial institutions in the wake of the global credit crisis.

Mr Paulson, the former Goldman Sachs chairman and chief executive :rolleyes (GS kam bis jetzt als einziger der grossen Häuser äusserst "elegant" durch diese Krise :rolleyes) wants to speed up the Bush administration's move to address what he believes is the United States' "outdated" regulatory oversight structure of banks and other complex financial houses.

In a speech yesterday, Mr Paulson said the changes were needed given the collapse of Bear Stearns and the potential for other banks to fail, but stopped short of proposing expanding the central bank's powers.

"We should quickly consider how most appropriately to give the Fed the authority to access necessary information from highly complex financial institutions and the responsibility to intervene in order to protect the system :rolleyes so they can carry out the role our nation has come to expect - stabilising the overall system when it is threatened," said Mr Paulson in Washington.

The financial crisis in full
More on economics

Although he did not express how the US Treasury would implement the changes, it is possible his department could do so administratively, therefore bypassing the US Congress, and speeding up the process.

In his blueprint for the future of financial regulation in the US, launched in late March, Mr Paulson said the Fed should be a market stability regulator, but not supervise individual banks.

In his speech, he also predicted that the government-backed rescue of Bear Stearns was unlikely to be the last. "Whether it was Long-Term Capital Management [hedge fund] in 1998 or Bear Stearns this year, our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk. :mad

http://www.telegraph.co.uk/money/ma...npaulson120.xml

....our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk. ....ist ja äusserst praktisch - so kann man je nach Bedarf "retten" oder untergehen lassen was einem nützt oder im Wege steht :mad und dies alles wird von privaten Interessen gelenkt :bad

lunar 21.06.2008 12:26

...aus DasGelbeForum
 
Fundsache...EU-Reformvertrag..nicht zu glauben!

verfasst von Aiwass7, 21.06.2008, 09:44

davon hab ich wirklich kein Wort gelesen oder gehört!

hier.......

Strassburg, 12. Dezember 2007. Der berühmte Mantel der Geschichte weht durch den Saal des Europa-Parlaments. Aber weniger wegen der Unterzeichnung eines Anhangs zum neuen EU-Reformvertrag. Sondern wegen dem, was jetzt kommt, aufgenommen von einer kleinen Amateurkamera. In den Applaus mischen sich mit einem Mal Buhrufe, in den hinteren Reihen stehen plötzlich Menschen auf, halten ihre Arme hoch. Große Transparente werden entfaltet, auf denen nur ein Wort steht: Referendum – Volksabstimmung!



http://info.kopp-verlag.de/news/art...Hash=b11862df47
http://www.youtube.com/watch?v=zSjt4JEOpPs

lunar 21.06.2008 21:47

...na also - das wird ja einigen Usern gefallen :bad :Prost :bad

21.06.2008

NEUE DURCHSUCHUNGEN

Finanzministerium plant Petz-Portal gegen Steuerhinterzieher

Neue Methoden im Kampf gegen Steuerhinterzieher: Das Finanzministerium prüft eine Internet-Seite, auf der jeder dem Fiskus anonym Tipps geben kann. In der Liechtenstein-Affäre gab es nach SPIEGEL-Informationen neue Razzien in München - erstmals wurden Namen von zwei weiteren prominenten Beschuldigten bekannt....

ganzer Artikel: http://www.spiegel.de/wirtschaft/0,1518,561200,00.html

lunar 22.06.2008 13:05

Posted On: Saturday, June 21, 2008, 11:13:00 PM EST

Greg Hunter Special On CNN Money

Author: Jim Sinclair



Click here to see Greg Hunter's special presentation on foreclosures from CNNMoney.com

....da weiss man wirklich nicht - heulen oder lachen über die Banken :dumm

lunar 23.06.2008 13:46

The United States Fiat Money and the Federal Reserve System

-- Posted Monday, 23 June 2008 | Digg This Article | Source: GoldSeek.com

Fiat money is an oxymoron. Traditionally, money has been both a storehouse of value and a medium of exchange. Fiat money exists by mimicking both; but when its ability to do so ends, fiat money exposed for what it is, reverts to what it is—government issued coupons with expiration dates printed in invisible ink......

.....
While productivity is doing more with less, fiat money allows governments to do more with nothing. Fiat currencies are a way for governments to spend what they don’t have; and while counterfeiting by individuals is a crime, passing government coupons off as money is legal because governments make the laws.

WHOSE LAWS
WHOSE BENEFIT

The issuance of fiat money by governments is, in truth, a white collar crime; and, as happens when white collar crimes are discovered, a highly visible paper trail leads directly back to the wrongdoers—in this case, the central banks.....

.....
Capital is but the polite word for credit and that is why it is used. Capitalism sounds so much better (and more like money) than creditism. The word capital implies a “moneyness” that does not exist.

Credit turns into debt and over time in fiat money systems the growth of debt overwhelms the ability of producers and savers to service it. This is why debt markets, e.g. bond markets, are now so much larger than equity markets and why defaults involve increasingly larger and larger amounts. In the current fiat money system, time is running out.........

....I
n fiat credit-based economies, savers are penalized and speculators are rewarded. And while this is welcomed by Wall Street, it is a death warrant for Main Street. In the US over the past twenty years, while Wall Street has expanded, Main Street has contracted.....

....N
ations, as well as people, can pass away in their sleep; and unless the American people wake up and wake up soon, their slumber will be the death rattle of what was recently the greatest nation on earth.....

full story: http://news.goldseek.com/GoldSeek/1214201040.php

lunar 24.06.2008 10:28

NASA warming scientist: 'This is the last chance'

WASHINGTON (AP) — Exactly 20 years after warning America about global warming, a top NASA scientist said the situation has gotten so bad that the world's only hope is drastic action.
James Hansen told Congress on Monday that the world has long passed the "dangerous level" for greenhouse gases in the atmosphere and needs to get back to 1988 levels. He said Earth's atmosphere can only stay this loaded with man-made carbon dioxide for a couple more decades without changes such as mass extinction, ecosystem collapse and dramatic sea level rises.

"We're toast if we don't get on a very different path," Hansen, director of the Goddard Institute of Space Sciences who is sometimes called the godfather of global warming science, told The Associated Press. "This is the last chance."
full story: http://www.usatoday.com/tech/scienc...ng_N.htm?csp=34

lunar 24.06.2008 10:54

merci:verbeug @simonson (GoldseitenForum)

Dr. Jim Willie tells Al Korelin about the potential banking crisis. ....ziemlich deftige Worte :supi

http://www.kereport.com/audio/0621-04.mp3

syracus 24.06.2008 19:45

Typhoon Fengshen may be the deadliest Pacific tropical cyclone since 1991

The death toll in the Philippines now stands at 598 dead or missing on land, with another 800 missing and presumed dead in the wake of the sinking of the ferry MV Princess of Stars. Fengshen (the Mandarin Chinese name for the God of Wind) made landfall over the northern Philippines Saturday, triggering rains and landslides that destroyed 34,000 buildings and damaged 53,000 more, causing an estimated $100 million in damage. According to typhoon2000.com, the Philippines' deadliest tropical cyclones were Tropical Storm Thelma of 1991 (5101 dead) and Typhoon Ike of 1984 (1363 dead). Left off the list was Tropical Depression Winnie, which killed 1404 people in the Philippines November 29-20, 2004. It appears likely that the death toll from Fengshen will exceed Winnie's, making Fengshen the deadliest Western Pacific tropical cyclone since 1991's Tropical Storm Thelma.


Figure 1.The ferry MV Princess of Stars. Image credit: Sulpicio Lines.

The ferry and the forecast

The ferry MV Princess of Stars (Figure 1), operated by Sulpicio Lines, left the capital of Manila on Friday night before the storm, headed south for the 20-hour run to Cebu. At the time, Fengshen was a Category 1 typhoon, headed due west, and was located a few hundred miles south of the ship. As the ferry began passing through the outer spiral bands of Fengshen, the storm did a sharp (and poorly forecast) turn to the north-northwest and began a burst of rapid intensification to strong Category 2 status (110 mph winds), bringing very high waves and much higher than anticipated winds to the region the ferry was traversing. The waves battered the ship to the point where the engines stalled, and the ferry lay helpless until the strongest portion of the storm, the northern eyewall, passed over the ship and sank it. Why the ferry allowed itself to get so close to the storm in the first place is a mystery.




Figure 2.Visible satellite image of Fengshen at 4:55 GMT June 21, 2008, 25 minutes after radio contact was lost with the ferry MV Princess of Stars. The ship had left Manila in the Philippines about 8 hours prior to the accident for the 20 hour trip to Cebu. It appears that the ferry ran into the north eyewall of Fengshen when it was at peak intensity, with sustained winds of 110 mph. Fengshen was headed due west when the ferry set sail (track image, lower left), then made a sudden, poorly forecast turn to the north-northwest as the ferry approached the typhoon. Image credit: NASA.

http://www.wunderground.com/blog/Je...7&tstamp=200806

lunar 24.06.2008 21:02

"The scientific problem with corn ethanol is that it contains one-third less energy than gasoline. So a motorist has to purchase one-third more fuel to go the same distance. If you total up all of the fossil fuel that goes into making and transporting ethanol -- nitrogen-based fertilizer and herbicides, fuel to run farm machinery and delivery trucks, natural gas for the distilling process at ethanol plants -- it takes more energy to produce ethanol than the fuel provides."
What is the point of ethanol? Doesn't make sense?
Follow the money to Big Agriculture, a few powerful corporations with armies of lobbyists.
http://jessescrossroadscafe.blogspo...en-of-corn.html

lunar 24.06.2008 21:54

Sub-inflation Interest Rates Feed Inflation


June 24, 2008

Elaine Meinel Supkis

As global hyper-inflation increases, the Federal Reserve lowers interest rates which feeds this global inflation. Instead of understanding this, the Fed thinks it will fix this via the magic of free Funny Money™. Isn't that pathetic? 101 economists predict the Fed will keep interest rates at 2% or less for the foreseeable future and the Bank of Japan will keep theirs at 0.5% forever, too. And no one below the top 1% of both nations will see any benefits from this super-cheap lending. Instead, savings will continue to plummet in both Japan and the US. So the bankers are demanding the central bankers give them more billions to make up for lost savings. Eh? Gads. More inflation fun from the top two economies of this planet!
Bernanke Plays `Dangerous Game' Balancing Rate Talk With Action
(Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, by voicing concern about inflation and the slumping dollar, has fanned investor expectations for an interest-rate increase as soon as August. He may regret it. Raising rates may exacerbate the economic slowdown and roil banks whose losses sent their stocks down the most in a decade this month. Forgoing a rate boost next quarter risks damaging the Fed's credibility and deepening its divisions. Already this year, three officials have dissented on rate decisions.

While Bernanke's warning that the Fed will ``strongly resist'' a jump in inflation expectations led traders to bet on a rate increase, economists are more skeptical. All 101 in a Bloomberg News survey said the Federal Open Market Committee will keep the benchmark rate unchanged tomorrow and most analysts this month predicted officials will stand pat until 2009.

101 Dalmatian economists are certainly calling this one right: Bernanke and company will not raise interest rates no matter what the hell happens to the dollar, to inflation, to anything. This is because the Depression Japan model is our template. The Bank of Japan utterly ignores inflation. They try to suppress inflation by reducing the domestic economy to the barest necessities and then try putting the lower population on a starvation diet. This can work in the short run. Then, using this endless pool of free Funny Money™ that near-zero percent loans provide only for the export industries, they can ruthlessly colonize the rest of the industrial planetary systems.


The US ruling elites see how this operates and they never, ever discuss it. People think that ruling elites hate depressions. They do! But they LOVE inflations. Everything they pass to us peons gets inflated and they collect the life savings of all the lower classes, the other 90% of the people. They even openly talk about how good it is for people to be forced to buy risky schemes cooked up by the elites rather than old fashioned savings in banks that, in turn, loan the savings to borrowers at a decent interest rate......

http://elainemeinelsupkis.typepad.com/money_matters/

lunar 25.06.2008 14:41

Originally Posted by Smergel :verbeug
Super interview Jim Puplava regarding naked shorting etc. A must listen despite being long. Its simply a must listen.

http://netcastdaily.com/broadcast/fsn2008-0621-3b.mp3

...ca. anfangs letztes Drittel - Jim Cramer Interview :eek :rolleyes :o :p :schwitz


...hier noch ein Kommentar dazu von Jim Sinclair


Dear Friends,

This is the Jim Puplava's webcast presentation titled “The Crime of the Century.” Please click the link below to download the presentation in MP3 format.

http://netcastdaily.com/broadcast/fsn2008-0621-3b.mp3 (Approximately 17.7mb)

You know that I do not read other blog sites so if I go off the mark you will have only one person to blame - me. Here is an exception, thanks to the CIGAs that demanded I listen. It was good advice.

I suggest you make the time to do the same.

Chart painting is a major tool being used now against you. I am not suggesting TA be ignored. I am, as always, suggesting that if you know the plot, you will know when you have to weigh in on the fundamentals to balance your thinking.

Many juniors are worth more dead than alive. That means you could market the pieces for more than the cap value.

The shorts seem to now be driven more by ego and power trips than brains. Brains would give them the ability to know when enough is enough, if only from a functional profit standpoint.

If a junior is shorted in a situation where it would take 3 months to cover at 50% of the legal short on an average daily volume and that company could be sold in pieces for more than the quoted value, TA might be rendered less important in the equation with fundamentals becoming more significant.

The short depends on your FEAR of the UNKOWN. Call your company and be in the know. If you prefer, try Mike Martin at 1-800-426-3987. He worked for me for years as a metals equity analyst. I have great respect for the depth of his knowledge.

Unlike a manufacturing company you can only put a junior on hold, you cannot break one. The reason is that they have no debt. All you can accomplish is make them sit on an appreciating asset which might actually be to doing them a great favor.

The game has now exceeded the parameters of reason as the shorts seem to be power tripping, having lost their grip by ignoring common commercial sense. Don't lose your grip by letting them paint a TA condition at a level at which TA is only a modest part of the total equation. I am assuming you are all not on margin.

Respectfully yours,
Jim

lunar 26.06.2008 09:06

1 Anhang/Anhänge
:eek Rotating Tower: Die Zukunft des Wohnens


This artist rendering released by Dynamic Architecture shows a rotating skyscraper that is to be built in Dubai, in various stages of movement. An Italian architect said he is poised to start construction on the new skyscraper that will be 'the world's first building in motion,' an 80-story tower with revolving floors that give it an ever-shifting shape.

(AP Photo/Dynamic Architecture) - Anhang


lunar 26.06.2008 11:58

3 Anhang/Anhänge
Bush 'justice' buddies blow Bush oil buddies

As if they all weren't hated enough already ... the Bush/Cheney Supreme Court on Wednesday 'overturned :gomad the record $2.5 billion in damages that Exxon Mobil had been ordered to pay for the 1989 Exxon Valdez oil spill' disaster off Alaska.

***************************************

.....Soaring oil prices have propelled Exxon Mobil to previously unforeseen levels of profitability in recent years, posting earnings of $40.6 billion in 2007. It took the company just under two days to bring in $2.5 billion in revenue during the first quarter of 2007.

The Exxon Valdez supertanker ran aground in Alaska's Prince William Sound in March 1989, spilling about 11 million gallons of crude oil.

The spill spread oil to more than 1,200 miles of coastline, closed fisheries and killed thousands of marine mammals and hundreds of thousands of sea birds.

A federal jury in Alaska awarded $5 billion in punitive damages in 1994. A federal judge later reduced the punitive damages to $4.5 billion, and the appeals court further cut it to $2.5 billion.

Exxon Mobil, the largest U.S. company by market capitalization, appealed to the Supreme Court, arguing it already has paid more than $3.5 billion for the spill.

In Alaska, Riki Ott, a fisherman and scientist and longtime environmental activist in the Prince William Sound town of Cordova, where most of the area's fishing fleet is concentrated, was disappointed by the ruling.

"We were really counting on punitive damages paying for our long-term losses in the fishery. That's obviously not going to happen," Ott said. "Well, that's an affront to everyone's sense of justice."......

http://news.yahoo.com/s/nm/20080625...ldez_court_dc_5

lunar 26.06.2008 16:51

Asia Is True Engine Of Global Trade

June 25, 2008 Elaine Meinel Supkis

Japan's export surplus continues to grow at a very high rate. Ever since their 'depression' began, they have enjoyed nearly totally free loans for export industries coupled with huge profits in export trade due to the cheap yen underselling rivals like the US. Vietnam is having inflation problems and is now the #1 importer of gold. The government is trying to cut back on gold buys because now Vietnam has a trade deficit due to gold. And we discuss the connection between inflation and deflation and why they can run neck to neck......

......
I love to include news from Japan all the time because this is the key to the riddle: what is the engine driving global trade and global finance? The US loves to preen itself as the 'engine' of global trade and finance. But it is not. It is the freight cars being pulled along the tracks. There are more than one engine pulling world trade and finance, indeed, there are several. One of them is the German choo-choo. The other is China. And the OPEC nations are the coal car that tags along behind the engines. These are all puffing up a steep hill that is getting steeper and steeper. This is global inflation.
The US runs along the same tracks all these trains run on. As the Engines of World Wealth burn commodities, the US engine is running on paper money. This is being burned at a frantic rate. This is sort of like the Germans using Reich Marks to heat their houses. The OPEC, Asian trains run on energy and labor. The US one runs on Funny Money™. When we read any pronouncements by the leaders and top pundits in America, they all love to talk about how the world needs us. But the world needs us only for one thing: fuel for their trains. This bizarre idea that we can continue to burn paper money to keep our economic engines stoked is why we have global inflation....

.......Asia is doing business with Asia because THIS IS WHERE THE PROFITS LIE. Namely, the US runs on CREDIT and Asia runs on CAPITALIST PROFITS. The more the US economic train runs, the less power it has, the slower its speed, the less capital it has. To keep making Funny Money™ to shovel into the maw of the engine, the US had to bring in billions of profits from the other nations. This constant inflow is slowing or reversing. Eventually, it will cease. As our train runs out of fuel, literally as well as figuratively, our engine will roll backwards. Or derail......

full story: http://elainemeinelsupkis.typepad.com/money_matters/

lunar 26.06.2008 16:57

...ooops - dann werden sie sich aber sicher erkälten :rolleyes:D

lunar 26.06.2008 17:36

UpInArms (1000+ posts) Thu Jun-26-08 10:03 AM
Response to Original message 50. Looking for more victims: Carlyle wants U.S. to ease bank investment rules http://www.reuters.com/article/bondsNews/idUSN264369602...

NEW YORK, June 26 (Reuters) - The U.S. government should ease regulations on private equity investments in financial services companies to make more money available to the business and help stabilize the economy, two executives at the Carlyle Group wrote in The Wall Street Journal on Thursday.

"We are not contesting the long-standing policy of drawing a line between banking and commerce," Carlyle Managing Directors Olivier Sarkozy and Randal Quarles wrote. "But the limitations on capital investment are far stricter than necessary to maintain these barriers, and can be amended by administrative intervention that is entirely consistent with the existing laws governing the country's depository institutions."

"In addition to increasing the industry's cost of capital, these limitations increase the risk that taxpayers will ultimately be called on to assume some of these burdens," Sarkozy and Quarles wrote, adding that private equity represents about $400 billion in available funds.

Finding money to prop up sagging financial institutions is a looming question these days. Big banks have sustained billions of dollars in losses in a credit crunch after they bulked up on risky mortgages that soured.

Quarles, a former treasury undersecretary in the Bush administration, and Sarkozy said the global financial services industry has sustained $350 billion in losses and cited some economists as saying another $1 trillion in losses could be on the way. Bear Stearns, in a fire sale to JPMorgan Chase (JPM.N: Quote, Profile, Research, Stock Buzz) earlier this year, has been the biggest casualty to date.

The problem for private equity, they wrote, is that "an array of regulations and administrative interpretations limits private equity's ownership and influence in regulated depository institutions. While these measures were largely designed to safeguard the separation of depository institutions from industrial enterprises, the policies underlying these rules have limited applicability to the private equity industry."

Sarkozy and Quarles argue the law limits entities controlling commercial firms from owning more than 25 percent of the voting stock in a banking company, but in practice the limit is often lower if investors seek representation on company boards.

...more...

*********************************************

Ghost Dog (1000+ posts) Thu Jun-26-08 10:57 AM
Response to Reply #50 59. This Sarkozy Half-Brother to the Other Sarkozy (& ex-UBS), BTW: Carlyle Hires UBS’s Sarkozy for Financial Deals

March 3, 2008, 8:10 am

The Carlyle Group, the private equity firm, said Monday that it had hired Oliver Sarkozy, one of UBS’s top investment bankers for financial services deals, to work as co-head of a similar practice.
Mr. Sarkozy, the joint global head of UBS’s financial institutions group (and half-brother to French president Nicolas Sarkozy), will join Carlyle in April and will remain based in New York.

His group will search for investment opportunities amid today’s global banking and credit crisis.
“Olivier is a remarkable addition to our financial services team,”

David Rubenstein, a Carlyle co-founder and managing director, said in a statement. “He has an incredible track record and network that will help Carlyle capitalize on the dislocation in the financial services sector and extend our record of success to this important and growing part of the global economy.”
Before UBS, Mr. Sarkozy worked at Credit Suisse. Some of the deals he has worked on over the past year include ABN Amro’s sale of LaSalle Bank to Bank of America and Sallie Mae’s attempt to sell itself to a group of investors.

/... http://speedysarkozy.blogspot.com/2008/03/sarkozy-carly...

:rolleyes:rolleyes:rolleyes

lunar 26.06.2008 18:35

Finnfan (1000+ posts) Thu Jun-26-08 08:53 AM

35. Barrons.com: No War, Economy Expanding

Thursday, June 26, 2008 | 07:14 AM

Long time readers know I am a fan of Barron's, and frequently reference the usually fine Econoday updates of daily economic data. But the NYT's Floyd Norris points to what can only be described as the single most absurd commentary on Sentiment data you will likely read in your lifetime.
"Consumer confidence is unusually low, at its fifth all time worse reading in 40 years of Conference Board data. The Conference Board's consumer confidence index literally plunged in June, down nearly 8 points to 50.4. The expectations component is at a record low of 41.0, down more than 7 points, with the present situation at 64.5, down nearly 10 points for its worst reading since the early part of the ongoing expansion in 2003. But there is an expansion still underway and this is not a time of war, which makes the results difficult to figure."

Normally at this point in our conversation, I would be railing about whether the economy is expanding, given the negative readings in jobs creation, manufacturing, income, and consumption, and how understated inflation makes GDP look better than it is regardless.

But considering that this is not a time of war, I must have another explanation. It seems I have fallen thru a tear in the fabric of spacetime into an alternate universe. Back in my universe, where the US is likely in a recession, there is also two wars going on, one in Afghanistan and one in Iraq.

This tear in the fabric of spacetime does explain some of the more absurd commentary we have heard over the past few years: That the credit crisis is contained, or the economy was doing well, that real estate has bottomed, etc. We are simultaneous inhabiting two separate universes, one where everything is going swimmingly -- and this one.

The disagreements about the state of the economy, the housing debacle, and the credit crisis seem to come about when someone from THAT universe -- the one where the economy is expanding and there is no war -- accidentally falls into OUR universe -- but keeps discussing their universe.

Other than that, I can find no other explanation for the Barron's Econoday commentary. Can you?
http://bigpicture.typepad.com/comme...ons-no-war.html

lunar 26.06.2008 20:42

From Bill Mears
CNN Supreme Court Producer

WASHINGTON (CNN) -- :kotz The U.S. Supreme Court ruled Thursday that a sweeping ban on handguns in the nation's capital violated the Second Amendment right to bear arms.



Ariel Sarousi, left, and Steve Bierfeld, of Arlington, Virginia, celebrate the court's ruling Thursday.


The justices struck down the ban in a 5-4 decision, with Justice Antonin Scalia writing the opinion for the majority.

Washington Mayor Adrian Fenty said he was disappointed in the ruling, but he will give the district's police department 21 days to implement a process for registering handguns. It still will be illegal to carry handguns outside the home, and all pistols must be registered with police.

Officials said a hotline would be set up to handle questions about the new regulations.

"It is important to respect the court's authority and to act quickly," Fenty said. Watch how the city will revamp its policy »

The case's lead plaintiff, Dick Heller, applauded the decision, saying, "I'm very happy that I am now able to defend myself and my household in my own home."

Paul Helmke of the Brady Campaign to Prevent Gun Violence said his group had a mixed reaction to the decision....

full story: http://edition.cnn.com/2008/US/06/2...guns/index.html

....also weiter ballern :bad

lunar 26.06.2008 23:24

26 June 2008

Here Comes the Cavalry





Goldman Cuts Banks, Strongly Advises Selling Citi

lunar 27.06.2008 10:59

World Economy Would Collapse If Oil Hit $200, Deutsche Says
(Bloomberg) ``Two-hundred dollar oil would break the back of the global economy,'' Deutsche Bank AG's Chief Energy Economist Adam Sieminski said in an interview today in Tokyo. ``Next step after $200 would be global recession and bad news for everybody.''
Well....if the sex-starved gnomes of Deutsche Bank want cheaper oil, why not tell their damn buddies and the other Real Rulers to stop harassing and annoying Iran Kitty? Like, lay off the cat! Stop! NO. BAD DOGGIE. Down, I say.

The clown whining here knows perfectly well that Iran Kitty has removed another $78 billion from Europe's starving banks and on top of this, can't sell oil to them. So oil will be $200 or more a barrel. Thanks to all the war talk. War, war, war. Bomb, bomb, bomb Iran. And bomb the global economy. Now, who is to blame here? After all, Saddam disarmed and was attacked! By Europe and the US.

http://elainemeinelsupkis.typepad.com/money_matters/

Iran Kitty :confused:schwitz ob das die passende Bezeichnung ist :rolleyes vielleicht versteh ich's auch nicht richtig :gruebel

lunar 27.06.2008 11:14

Exclusive: No ice at the North Pole

Polar scientists reveal dramatic new evidence of climate change

By Steve Connor, Science Editor
Friday, 27 June 2008


It seems unthinkable, but for the first time in human history, ice is on course to disappear entirely from the North Pole this year.

The disappearance of the Arctic sea ice, making it possible to reach the Pole sailing in a boat through open water, would be one of the most dramatic – and worrying – examples of the impact of global warming on the planet. Scientists say the ice at 90 degrees north may well have melted away by the summer.

"From the viewpoint of science, the North Pole is just another point on the globe, but symbolically it is hugely important. There is supposed to be ice at the North Pole, not open water," said Mark Serreze of the US National Snow and Ice Data Centre in Colorado.....

....... "The issue is that, for the first time that I am aware of, the NorthPole is covered with extensive first-year ice – ice that formed last autumn and winter. I'd say it's even-odds whether the North Pole melts out," said Dr Serreze.........

full story: http://www.independent.co.uk/enviro...ole-855406.html

:schwitz es soll ja auch Hinweise geben, dass wir vorerst kältere Zeiten sehen :confused:rolleyes

Ungewöhnlich lange Ruhephase der Sonne Letzte längere Inaktivität war die “kleine Eiszeit”

Auf der Sonne herrscht seit einigen Jahren ziemliche Ruhe: keine Sonnenflecken, kaum solare Ausbrüche. Das sind gute Nachrichten für Satellitenbetreiber, aber Grund zur Nachdenklichkeit für einige Wissenschaftler. Denn eine so lange Phase der Inaktivität ist eher ungewöhnlich für unseren Zentralstern.


Sonne
© NASA
Normalerweise folgt die Sonnenaktivität einem Elf-Jahres Zyklus, bei dem der Höhepunkt jeweils in der Mitte liegt. Das letzte solare Maximum lag im Jahr 2001, Sonnenflecken, solare Ausbrüche und Sonnenstürme häuften sich in dieser Zeit. Inzwischen hat die Sonne den Übergang dieses Zyklus zum nächsten erreicht und befindet sich damit in einer Phase geringerer Aktivität, die sich bis 2012 wieder allmählich steigern wird.

Totenstille seit zwei Jahren
Doch seit nunmehr zwei Jahren ist die Sonne extrem ruhig und dies relativ unverändert. Sie zeigt keine Sonnenflecken und kaum Ausbrüche. „Sie bleibt einfach tot“, erklärt Saku Tsuneta, Astrophysiker am Japanischen Nationalobservatorium. „Das ist eine – wenn auch kleine – Sorge.“ Tsuneta und rund hundert weitere Sonnenforscher aus aller Welt trafen sich Anfang Juni auf einer Konferenz an der Montana State University, um die jüngsten Entwicklungen und Ergebnisse der Solarforschung zu diskutieren.......

(Montana State University, 10.06.2008 - NPO)

http://www.geowissenschaften.de/wis...2008-06-10.html

lunar 27.06.2008 13:19

Zitat:
Zitat von mikel

wird im dax-flug 27-06-08 noch gearbeitet?



:rolleyes:schwitz:hihi

lunar 27.06.2008 15:36

aus DasGelbeForum
 
Ob das Schule macht?

verfasst von RetterderMatrix :verbeug 27.06.2008, 15:23

In Frankfurt hat ein Mann aus Protest gegen die hohen Benzinpreise seinen Wagen abgefackelt: Vorsicht Spiegel :rolleyes:mad
Die Begründung dazu hat er auf seiner eigenen Homepage gebracht: Staatsabzocke durch Steuern

Das nenne ich kreativ. Ob das Schule macht?

***************************************************

Hallo, mein Name ist Michael. Mein Nachname ist nicht von belang.

Ich bin ein ganz normaler Mensch, zumindest physisch. Seit ich lebe sind mir viele Ungerechtigkeiten untergekommen. Sie sind nicht mir selbst zugestossen, sondern meinen Mitmenschen. Die Ohnmacht in der sich die heutige Welt befindet ist für mich nicht mehr erträglich, nicht ohne zumindest den Versuch zu wagen etwas dagegen zu unternehmen.

Als ich meinen letzten Job gekündigt habe weil mir 250 euro (pro Monat) Treibstoffkosten für nur 80km täglich zuviel waren, fiel mir ein wo ich vielleicht doch eingreifen bzw. meinen Unmut äussern könnte.

Die Landläufige Meinung ist, dass die Mineralölkonzerne an den hohen Preisen schuld sind, dem ist aber nicht so, diese Grafik stellt dar, wie hoch der Steueranteil des Deutschen Treibstoffs ist. Die Regierung hat alle Möglichkeiten in der Hand die Preise konstant zu halten und sogar zu senken. Aber warum sollte sie dass tun? Wir sind ja dumm genug die hohen Preise zu zahlen und können nichts dagegen tun, falsch gedacht lieber Staat!...........


:rolleyes

---> http://www.shooting.acidware.de/index.html



lunar 29.06.2008 21:48

Israel has a year to stop Iran bomb, warns ex-spy


By Carolynne Wheeler in Tel Aviv and Tim Shipman in Washington
Last Updated: 5:08PM BST 29/06/2008

A former head of Mossad has warned that Israel has 12 months in which to destroy Iran's nuclear programme or risk coming under nuclear attack itself. He also hinted that Israel might have to act sooner if Barack Obama wins the US presidential election.


A satellite image of Iran's Natanz uranium enrichment facility

Shabtai Shavit, an influential adviser to the Israeli parliament's defence and foreign affairs committee, told The Sunday Telegraph that time was running out to prevent Iran's leaders getting the bomb.

Mr Shavit, who retired from the Israeli intelligence agency in 1996, warned that he had no doubt Iran intended to use a nuclear weapon once it had the capability, and that Israel must conduct itself accordingly.

"The time that is left to be ready is getting shorter all the time," he said in an interview.....

full story: http://www.telegraph.co.uk/news/wor...rns-ex-spy.html

....gewisse Leute wollen einfach Krieg :gomad

lunar 29.06.2008 22:25

When Central Bankers Clash, Stock Markets Can Crash
Gary Dorsch Hyper-inflation in the commodities markets is rivaling the US housing collapse and the global banking crisis as the biggest threat to the world economy. Finance ministers from the United States, Canada, Japan, France, Germany, Italy, Britain, and Russia, have expressed their alarm over the doubling of agricultural, energy, and key raw material prices from a year ago, which is pushing inflation rates around the world, to their highest in three decades.

Sort of like in the movie, Casa Blanca [White House---HAHAHA]: 'I'm SHOCKED, just shocked to find gambling going on in here!' Well, they are all saying, 'Oh my! Where did this inflation come from? Not I!' Each in turn, points to...CHINA! Yes, the darn Chinese, by consuming resources, working hard and manufacturing stuff, they are the cause. Not the guys producing the oceans of red ink. The bankers making money out of thin air are not the cause, there is a global savings GLUT! Yes! Right!

Har. These gnomes are shameless. Also, is Russia expressing alarm over the hikes in energy prices? Are we nuts? They love this! They can barely hide their glee. Germany and France want to kill inflation. But this means driving a golden stake through the hearts of the US Federal Reserve and the Bank of Japan. No one is going to even push a pin there, much less drive a stake. So this outrage is totally fake. And they know it. Look at their faces, listen to their voices. Are they alarmed? Are they threatening a trade war if the US or Japan won't change their banking policies? Do they even talk about these policies? No? NO!

http://elainemeinelsupkis.typepad.com/money_matters/

lunar 30.06.2008 10:55

Posted On: Sunday, June 29, 2008, 10:11:00 PM EST

You Can't Legislate What You Can't Control

Author: Jim Sinclair



Jim Sinclair's Commentary:

You can be sure something really stupid is about to happen. The backfire should be world class. Crude's got a $170 number on it and Congress just might be the reason.

Lawmakers' zeal versus speculators could backfire
Sat Jun 28, 2008 5:56pm EDT
By Russell Blinch - Analysis


WASHINGTON (Reuters) - With a zeal fueled by rocketing oil and food prices, U.S. Congress is suddenly determined to bring rampant trading under control.

But rather than looking at excess consumption and demand, Congress is entering the murky waters of trying to control soaring prices, mulling bills that could well backfire and drive funds to less transparent but more accommodative bourses offshore.

In just one of a slew of bills, the House of Representatives overwhelmingly passed largely symbolic legislation on Thursday ordering regulators to "curb immediately" excessive speculation in commodity markets.

"It opens up a set of new tools they are not using," said Maryland Democratic Rep. Chris Van Hollen, referring to the Commodity Futures Trading Commission's emergency powers.

Chimed in House Speaker Nancy Pelosi: "The American people should not be punished at the pump for the actions of oil speculators."

Of all the bills, market players are most concerned about the Senate's End of Speculation Act which calls for an increase in margin requirements as a blunt tool to tackle price speculation. That bill has yet to be debated.

More...

lunar 30.06.2008 14:34

der hohe Ölpreis :rolleyes ...es ist nicht nur Spekulation

World Petro Congress - kurzer Bericht

http://www.cnbc.com/id/15840232?video=781315574&play=1

lunar 30.06.2008 18:47

....sollte sich das wirklich so abgespielt haben :rolleyes dann :schreck

Letter Re: The Five Minute Bank Run

Dear Mr. Rawles:
I wanted to tell you a personal experience I just had at the bank that scares me to death. If you think a bank can last a few days during a bank run, then you will be very surprised by my story.

I wanted to withdraw $10,000 from a JP Morgan Chase Bank branch in a local Houston [, Texas] suburb. Chase is the second largest bank in the US and Houston is the fourth largest city in the US. I went in and said: “Can I please have my money?” The teller disappeared for 10 minutes and then came back, and told me to my surprise that “We don’t carry that much cash on hand”. I was shocked. I said: “Are you kidding me?” She went on to explain that, even though this was a payday weekend at the end of the month (which means they have more cash on hand than usual), if I took that amount from them, they would be completely out of cash in a few hours. They suggested that I travel seven miles to a larger local Chase branch and ask them.

So, I drove over to the larger Chase branch. When I got there, they had only one teller working (now think about the implications of one teller working during a bank run with hundreds of people in line). After waiting in line for 10 minutes, I walked up to the teller and asked her for the amount. She then told me that she would have to go into the vault to see if they had enough money there! Now this is getting scary because I was starting to think that I might not get my cash – and this isn’t even a bank run! She came back with the cash and gave it to me, but then told me that I need to call ahead next time for that amount. Hmmm… $10,000 just isn’t that great an amount and now I need to call ahead?

I wanted to tell you this story because the implications are very scary: the second largest bank in the USA in the fourth largest metropolitan area only has enough cash on hand to allow one depositor to empty his/her account. A bank run in the USA would only last five minutes because only a handful of people will be able to get their money out [in cash].

Needless to say, I am getting all my money out, ASAP. - W.D.in Texas

Permalink -

lunar 01.07.2008 09:05


For Immediate Release
Office of the Press Secretary
June 26, 2008

Executive Order: Continuing Certain Restrictions with Respect to North Korea and North Korean Nationals

White House News

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), and section 301 of title 3, United States Code,

I, GEORGE W. BUSH, President of the United States of America, find that the current existence and risk of the proliferation of weapons-usable fissile material on the Korean Peninsula constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and I hereby declare a national emergency to deal with that threat. I further find that, as we deal with that threat through multilateral diplomacy, it is necessary to continue certain restrictions with respect to North Korea that would otherwise be lifted pursuant to a forthcoming proclamation that will terminate the exercise of authorities under the Trading With the Enemy Act (50 U.S.C. App. 1 et seq.) (TWEA) with respect to North Korea.

Accordingly, I hereby order:

Section 1. Except to the extent provided in statutes or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the date of this order, the following are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in:

all property and interests in property of North Korea or a North Korean national that, pursuant to the President's authorities under the TWEA, the exercise of which has been continued in accordance with section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), were blocked as of June 16, 2000, and remained blocked immediately prior to the date of this order.

Sec. 2. Except to the extent provided in statutes or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the date of this order, United States persons may not register a vessel in North Korea, obtain authorization for a vessel to fly the North Korean flag, or own, lease, operate, or insure any vessel flagged by North Korea.

Sec. 3. (a) Any transaction by a United States person or within the United States that evades or avoids, has the purpose of evading or avoiding, or attempts to violate any of the prohibitions set forth in this order is prohibited.

(b) Any conspiracy formed to violate any of the prohibitions set forth in this order is prohibited.

Sec. 4. For the purposes of this order:

(a) the term "person" means an individual or entity;

(b) the term "entity" means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization; and

(c) the term "United States person" means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States.

Sec. 5. The Secretary of the Treasury, after consultation with the Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government consistent with applicable law. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order.

Sec. 6. The Secretary of the Treasury, after consultation with the Secretary of State, is hereby authorized to submit the recurring and final reports to the Congress on the national emergency declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

Sec. 7. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, instrumentalities, or entities, its officers or employees, or any other person.

GEORGE W. BUSH

THE WHITE HOUSE,

June 26, 2008.

http://www.whitehouse.gov/news/rele...20080626-4.html

:gruebel:rolleyes:schwitz

lunar 01.07.2008 10:22

:verbeug

Zitat:
Zitat von Vienna

"Mehrere Segmenten schwer funktionsgestört !" :greenspan :greenspan :greenspan

Finanzmarktturbulenzen
Notenbanker schüren Krisenangst


von Mark Schrörs (Basel)
Die Bank für Internationalen Zahlungsausgleich (BIZ) warnt vor einem weiteren dramatischen Einbruch der Konjunktur. Das Ausmaß könne deutlich größer sein als bisher angenommen. :licht :licht :licht

Das Zusammenfallen von Finanzmarktturbulenzen, langsamem Wachstum und hoher Inflation "scheint tatsächlich auf einen tieferen und längeren weltweiten Abschwung hinzuweisen, als offenbar allgemein erwartet wird", schreibt die Dachorganisation der Notenbanken in ihrem Jahresbericht.

Die Aussagen der BIZ sind die bislang klarste Warnung, dass sich die Lage infolge der jüngsten Finanzkrise nochmals zuspitzen könnte. Damit widerspricht die BIZ Bankern. Deutsche Bank-Chef Josef Ackermann hatte bereits vor Wochen vom Erreichen der Talsohle gesprochen.

Den Worten der BIZ kommt besondere Bedeutung zu, weil sie eine Art Dreh- und Angelpunkt im internationalen Finanzsystem ist. Bereits vergangene Woche hatte der Chef des einflussreichen Financial Stability Forum (FSF), Italiens Notenbankchef Mario Draghi, gewarnt, dass die Lage weiter "kritisch" sei. Auch die Pläne der Fed, Banken den Zugang zu Kapital zu erleichtern, deuten auf wachsende Besorgnis hin.

Das größte Problem sei die Inflation. Die BIZ sieht in ihr "eine klare und akute Gefahr". Da die realen Leitzinsen im historischen Vergleich niedrig seien, empfiehlt sie eine Zinserhöhung. Sie plädiert sogar für steigende Zinsen, obwohl das den Abschwung verschärfen könnte. Die BIZ fordert zudem, dass die Notenbanken künftig stärker gegen "kreditgetriebene Übersteigerungen" an den Märkten vorgehen und dabei auch die Zinsen erhöhen.

Die Dachorganisation räumt eine erhebliche Mitschuld der Notenbanken an der Finanzkrise und dem Anstieg der Inflation ein :respekt :respekt :respekt :respekt :respekt . Speziell in den Industrieländern seien die Leitzinsen zu Beginn des Jahrzehnts gemessen am starken Wachstum zu niedrig gewesen. "Die Vermutung, dass dieses niedrige Zinsniveau unbeabsichtigt eine unvorsichtige Kreditaufnahme sowie schließlich das Wiederaufflammen der Inflation begünstigt haben könnte, ist sicher nicht zu weit hergeholt."

BIZ-Generaldirektor Malcolm Knight sagte am Montag, "mehrere Segmente der Kreditmärkte sind schwer funktionsgestört". Die BIZ befürchtet, dass die anhaltenden und sich teils wieder verschärfenden Probleme für Banken die Kreditvergabe in die Realwirtschaft massiv beeinträchtigen könnten. Zudem geht sie davon aus, dass sich die Wachstumsschwäche in den USA noch weiter auf die Weltwirtschaft auswirken wird. Kritisch sieht sie die Effekte der hohen Öl- und Nahrungspreise. Am Montag knackte der Ölpreis erstmals die Marke von 143 $ je Barrel.

In der Euro-Zone verstärkte der unerwartet deutliche Anstieg der Teuerung Inflationssorgen. Am Montag war bekannt geworden, dass die Inflationsrate im Juni auf 4,0 Prozent geklettert war. Die Europäische Zentralbank (EZB) strebt knapp unter 2,0 Prozent an. Für Donnerstag hat die EZB eine Zinserhöhung von 4,0 auf 4,25 Prozent signalisiert. Der Schritt ist aber umstritten. Selbst Bundesfinanzminister Peer Steinbrück (SPD), der sich sonst eher mit Ratschlägen für die EZB zurückhält, warnte in einem Interview vor einem "falschen Signal".

Auch die BIZ ließ erkennen, wie heikel die Lage für die Notenbanken derzeit ist. Während sie vor der hohen Inflation warnt und mit höheren Zinsen liebäugelt, sieht sie auch die Gefahr, dass der Nachfragerückgang viel stärker wird, als nötig wäre, um die Inflation einzudämmen. "Mit der Zeit könnte es dann sogar zu einer Deflation kommen."

....er hält ja gar nix von Zinserhöhungen :rolleyes

Kann Sarkozy
die EU retten?


Frankreich übernimmt Vorsitz

von Alexander von Sobeck, Paris

Mit einem Bein in Brüssel, dem anderen im Mittelmeer und mit beiden am Abgrund: Reformwut und Privat-Eskapaden haben Nicolas Sarkozy die Umfragewerte verhagelt. Jetzt übernimmt Frankreichs Präsident den EU-Vorsitz. Kann er die kriselnde Gemeinschaft retten?


  • 01.07.2008
Viel hat sich Nicolas Sarkozy vorgenommen, der zum ersten Juli den Vorsitz der Europäischen Union übernimmt: eine Mittelmeer-Union, eine einheitliche Integrationspolitikpolitik, ein Europa der gemeinsamen Verteidigung. Ganz nebenbei will er sein Land auch noch zurück in die NATO führen. Stoff für mehr als eine Amtszeit, nicht für sechs Monate EU-Präsidentschaft. Aber Sarkozy will alles und am liebsten gleichzeitig. Sein Außenminister Bernard Kouchner sagt: "Ein EU-Präsident muss vor allem bescheiden sein." :cool Bescheidenheit ist aber ist keine zentrale Charaktereigenschaft von Nicolas Sarkozy. :rolleyes

http://www.heute.de/ZDFheute/inhalt...7258902,00.html

lunar 01.07.2008 14:22

Ein Rückblick - aus Trader's Daily
von Michael Vaupel

Ein Rückblick.

Im September 2005 titelte ein großes Verblödungsblatt Deutschlands:

„Kanzler, rück den Billig-Sprit raus!"

Hintergrund damals war: Die deutsche Regierung wurde aufgefordert, die deutsche strategische Erdölreserve freizugeben.

Es ist so: Deutschland hat eine strategische Ölreserve angelegt, in Höhe von 25 Millionen Tonnen. Diese Reserve soll dann genutzt werden, wenn die Ölzufuhr z.B. aufgrund eines Terroranschlags oder eines Erpressungsversuchs der OPEC nicht gesichert ist. Diese strategische Ölreserve würde in einem solchen Fall sicherstellen, dass die deutsche Wirtschaft für mindestens 3 Monate auch ohne Ölimporte weiterarbeiten könnte. Wenigstens in diesem einen Bereich wurde vorgesorgt, hier haben verantwortungsbewusste Politiker nach dem Vorsichtsprinzip das Wohl der Volkswirtschaft im Sinn gehabt.

Im September 2005 hatte es einen Hurrikan im Süden der USA/Golf von Mexiko gegeben, der Ölpreis war etwas gestiegen, auf damals rund 50 Dollar. Entsprechend war auch der Benzinpreis in Deutschland etwas gestiegen.

Aufgrund dieser Entwicklung forderte damals das Verblödungsblatt, nun die strategischen deutschen Ölreserven komplett auf den Markt zu werfen. Das zusätzliche Angebot würde den Erdölpreis wieder drücken, so die Begründung.


Dieser unsinnige Vorschlag hat mich schon damals aufgeregt!

Ok, das zusätzliche Angebot würde den Benzinpreis vielleicht um 2 oder 3 Cents fallen lassen, für einige Wochen. Doch was dann?

Damals schrieb ich im Traders Daily:

"Nach einigen Wochen, vielleicht auch schon nach einigen Tagen, wäre der Effekt verpufft. Die deutschen Erdölreserven aber hätten sich in Luft aufgelöst. Und wenn sie wieder aufgefüllt werden würden, dann müsste mit Sicherheit mehr bezahlt werden, als zuvor für sie erlöst worden ist. Denn es ist ja nicht so, dass der Ölpreis wieder deutlich sinken wird."

"Machen wir uns nichts vor: Es ist nicht der Hurrikan im Süden der USA/Golf von Mexiko, der für die hohen Benzinpreise verantwortlich ist. Das ist die Spitze des Eisbergs. Schuld` ist die dauernd steigende Nachfrage aus China (und Indien, Thailand, Singapur...). Es geht hier - wieder einmal - um das Gesetz von Angebot und Nachfrage, und um nichts anderes. Und dieses Gesetz ist nicht korrumpierbar. Man weiß mit ihm, woran man ist."

Ich nannte dann einige Zahlen, z.B. zu den chinesischen Erdöl-Importen, und kam zu dem Schluss, dass der Erdölpreis weiter steigen würde. Deshalb bloß die deutschen strategischen Erdöl-Reserven nicht anrühren, und diese ohne Not bei einem Ölpreis von 50 Dollar je Barrel auf den Markt werfen!

Es kam leider anders.

Das Verblödungsblatt stellte seine Forderung, und vielleicht im Glauben, damit Volkes Forderung zu erfüllen, warf die deutsche Regierung einen Teil der deutschen strategischen Erdölreserve tatsächlich auf den Markt.
Messbarer Erfolg?

Beim Ölpreis für mich nicht feststellbar.

Kosten für die Bundesrepublik Deutschland?

Die strategischen Erdölreserven mussten wieder aufgefüllt werden. Und zwar zu einem höheren Preis als dem Verkaufspreis. Verkauft worden war zu rund 50 Dollar je Barrel.

Zum Vergleich: Heute steht der Barrel bei rund 140 Dollar.

Soviel zum Thema populistische Forderungen, welche wider besseres Wissen die Wahrheit außen vor lassen.

(Wenn damals doch bloß ein Mitglied der Traders Daily-Gemeinde Bundeskanzler/in gewesen wäre!)

Mit herzlichem Gruß,

Ihr - Michael Vaupel

...und noch das "Zitat des Tages"

„Demagogen = Leute, die in den Wind sprechen, den sie selbst gemacht haben."

lunar 01.07.2008 18:47

Posted On: Tuesday, July 01, 2008, 11:58:00 AM EST

In The News Today

Author: Jim Sinclair


Jim Sinclair’s Commentary

Bloomberg is one who does fact check on such articles. This geopolitical possibility is something you should be thinking about.

Israel May Attack Iran This Year, Pentagon Official Tells ABC
By Ladane Nasseri and Thomas Penny


July 1 (Bloomberg) -- Israel is increasingly likely to attack Iranian nuclear facilities this year, a U.S. Defense Department official told ABC News.

Iran's government dismissed as propaganda the ABC report on the unidentified Pentagon official's comments. Israeli government officials declined to comment on the report.

An Israeli strike might be triggered by the production of enough enriched uranium at Iran's Natanz nuclear plant to make a bomb, ABC cited the official as saying. A second possible trigger would be the delivery of a Russian SA-20 air-defense system, the installation of which would make an Israeli attack more difficult, the U.S. official told ABC.

Oil rose on concern any conflict would cut supplies from OPEC's second-largest producer. Crude oil for August delivery increased as much as $2.60, or 1.9 percent, to $142.60 a barrel in electronic trading on the New York Mercantile Exchange.

Former Israeli Air Force General Isaac Ben-Israel, now a lawmaker in Israel's ruling Kadima party, told Germany's Spiegel that his nation is ``prepared'' for an attack if diplomacy and United Nations sanctions fail to stop Iran from making a nuclear weapon. Ben-Israel helped plan Israel's 1981 strike on an Iraqi nuclear reactor, the magazine said.

More…

...dann hoffen wir mal

lunar 01.07.2008 19:13


GET USED TO IT

lunar 01.07.2008 20:23

2 Anhang/Anhänge
Olympic nightmare: A red tide in the Yellow Sea


By Jim Yardley
Published: June 30, 2008



BEIJING: With less than six weeks before it plays host to the Olympic sailing regatta, the city of Qingdao has mobilized thousands of people and an armada of small boats to clean up an algae bloom that is choking large stretches of the coastline and threatening to impede the Olympic competition.

Local officials have initiated an all-out effort to clean up the algae by mid-July. Media reports estimate that as many as 20,000 people have either volunteered or been ordered to participate in the operation, while 1,000 boats are scooping algae out of the Yellow Sea. The official news agency, Xinhua, reported that algae currently covered a third of the coastal waters designated for the Olympic races....

full story: http://www.iht.com/articles/2008/06/30/asia/china.php

lunar 01.07.2008 22:43

Krepierte Kredite, explodierende Preise


Dienstag, 1. Juli 2008, ab 21.00 Uhr

Die Krise auf dem Immobilienmarkt in den USA hat weltweite Folgen, denn durch die internationale Verflechtung auf dem Finanzmarkt erlitten auch in Europa zahlreiche Bankhäuser zum Teil erhebliche Verluste. Der Themenabend beschreibt die Turbulenzen an den Börsen, analysiert die Krise in den USA und beschreibt deren Auswirkungen auf den Finanzplatz Europa.

Banken geraten in Schieflage und Börsen in Turbulenzen, Überschuldungsdruck und Rezessions-Szenarien beunruhigen weltweit die Finanzkreise, drastische Preissteigerungen an Supermarktkassen und Zapfsäulen würgen die Konsumbereitschaft der Verbraucher ab und Hiobsbotschaften über drohende Hungersnöte häufen sich. - Angst und Unsicherheit kennen in Zeiten globalisierter Warenströme keine Grenzen mehr. So zwingen leichtfertig vergebene Kredite in den USA binnen weniger Wochen veritable Landesbanken und Regierungschefs deutscher Bundesländer in die Knie, längst hat die hausgemachte Immobilienkrise in Amerika die Finanzplätze vor allem in Europa ins Wanken gebracht.

Der Themenabend geht der weltweiten Finanzkrise, ihren Wurzeln und Auswirkungen auf den Grund. In zwei Dokumentationen beschreibt er die Lage nach der Woge von geplatzten Immobilienkrediten in den USA und deren folgenschweren Auswirkungen auf den Finanzplatz Europa. Außerdem werden die von den internationalen Finanzinstitutionen ergriffenen Maßnahmen zur Eindämmung der Folgen krisenhafter Entwicklungen beleuchtet, die sich im Verlauf der letzten zehn Jahre ereignet haben.

21.00 Uhr
Im Auge des Orkans
52 Min. Dokumentation, Frankreich 2008, Erstausstrahlung
Regie: Emmanuel Chain

Die Dokumentation untersucht, ob die virtuelle Wirtschaft den Kontakt mit der realen Wirtschaft verloren hat. Außerdem geht sie der momentanen Krise auf dem amerikanischen Immobilienmarkt nach sowie deren unmittelbaren Auswirkungen auf Europa, wo zahlreiche Bankhäuser und Investmentgesellschaften eine Menge Geld verloren haben.

21.50 Uhr
Krach, Crash und Krise
Wiederholungen: 10.07.2008 um 10:50
Frankreich, 52mn. ARTE F. Regie: Michel Kaptur. Autor: Eli Cohen. Produzent: Cineteve

Die Dokumentation erklärt, mit welchen Mitteln Marktregulatoren und internationale Finanzinstitutionen den großen Krisen der letzten zehn Jahren begegnet sind. Sie berichtet von der Asienkrise im Jahr 1997 über den Enron-Skandal in den Vereinigten Staaten und die geplatzte Spekulationsblase zu Beginn des 21. Jahrhunderts bis hin zur jetzigen Krise, die ausgelöst wurde durch die weltweiten Geldverluste im Zusammenhang mit dem Einbruch des US-Immobilienmarktes.

Die Dokumentation erklärt, mit welchen Mitteln Marktregulatoren und internationale Finanzinstitutionen den großen Krisen der letzten zehn Jahren begegnet sind. Sie berichtet von der Asienkrise im Jahr 1997 über den Enron-Skandal in den Vereinigten Staaten und die geplatzte Spekulationsblase zu Beginn des 21. Jahrhunderts bis hin zur jetzigen Krise, die ausgelöst wurde durch die weltweiten Geldverluste im Zusammenhang mit dem Einbruch des US-Immobilienmarktes.

22.40 Uhr
Gesprächsrunde :supi:supi

Moderation: Thomas Kausch.
Studiogast: Gast: Olivier Ferrand (Vorsitzender des linken französischen Think-Tanks "Terra Nova")
Wiederholungen: 10.07.2008 um 11:40 :supi

http://www.arte.tv/de/DOSSIER-Finanzkrise/2100738.html

die jetztige und auch vorherige Krisen werden aufgerollt - sehr gut :supi
....unter anderem wurde auch das ENRON-Debakel erwähnt und ganz nebenbei sagte man, dass Goldman Sachs kurz vor dem Niedergang diese Aktien seinen Kunden sehr ans Herz gelegt hatte - wie ausserordentlich aufmerksam :ironie GS ist und war und bleibt :bad:bad:bad

lunar 02.07.2008 14:53

Buffett's Berkshire Has Worst First Half Since 1990 (Update1)
By Josh P. Hamilton




July 2 (Bloomberg) -- It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since December.

The decline exceeds the drop of the Standard & Poor's 500 Index and marks the worst first half for the Omaha, Nebraska- based investment and holding company since 1990. Price competition has driven down revenue at Berkshire's insurance units, which account for about half of its income.

Berkshire is ``close to getting more fairly priced,'' said Charles Hamilton, a Nashville, Tennessee-based analyst at FTN Midwest Securities Corp., who has a ``neutral'' rating on Berkshire. ``I wouldn't say it presents a buying opportunity right now.''

After reporting record 2007 earnings of $13.2 billion, the 77-year-old Buffett told shareholders in February that profit margins from insurance will drop.

``That party is over,'' Buffett wrote in his annual letter to shareholders in February. ``It is a certainty that insurance industry profit margins, including ours, will fall significantly in 2008.''

Berkshire also has been hurt by the declines of Wells Fargo & Co., American Express Co. and U.S. Bancorp, three of the company's 10 biggest equity holdings at the end of March. Wells Fargo, Berkshire's second-largest holding, dropped 18 percent in the second quarter, while American Express and U.S. Bancorp slipped 14 percent.....

full story: http://www.bloomberg.com/apps/news?...refer=worldwide


:eek ....wenn's sogar ihn erwischt :rolleyes oder wird er einfach alt :confused;)

lunar 02.07.2008 16:06

...manchmal fasse ich mir schon an den Kopf :kopf wenn ich mich über Börse/Politik/User:rolleyes;):hihi aufrege - nach diesem Buch wohl noch viel öfters :o;)

"Dienstags bei Morrie" - Mitch Albom :supi

falls noch nicht gelesen ---> es lohnt sich wirklich :) wurde mir auch von einem genervten "börsennahen" Freund empfohlen :kiss:verbeug

http://de.wikipedia.org/wiki/Dienstags_bei_Morrie


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