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bushman
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Humans giving up on this market just some robots left...

AND WE HAVE A WINNAH !

No-one in their right mind would touch these markets now
Their parasite system could only survive if the host kept supplying new blood

The last hope for markets is governments feeding this stock market cuckoo with taxpayer QE handouts, thereby cutting out the dwindling middleman problem of joe public

People are getting back to basics now, which is a more realistic and sustainable way to live


Yeah seems like the knight capital thing spooked some robots
Volume been collapsing ever since


It was bound to happen eventually
They always had a human in the nuclear launch cycle because of this problem
 

the bear is back biatches!! printing cancel....
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Another complete snore of a day

And volume again atrocious barely beating out monday


Will be interesting to see if the banksters get hit in Q3 with the no movement market coupled with horrible volume
 

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Goldman Sachs:



Metaboring: it’s getting boring to make the comment that equities are again boring. Or maybe that’s called boring-squared. Here’s to hoping tomorrow is boring-cubed. To reinforce the point that nothing much is moving, our US portfolio strategy team has 20 ‘thematic baskets’ (that I can see on BBG anyways), and not a single one moved more than 1% today. None of the 8 ‘macro baskets’ moved more than 50bps.
 

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The Jap and Choina commies are heading for a nasty trade war over unresolved disputed island.
 

the bear is back biatches!! printing cancel....
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People are getting back to basics now, which is a more realistic and sustainable way to live

20 August 2012 Last updated at 04:45 ET Share this pageEmailPrint
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Greeks go back to basics as recession bites
By Chloe Hadjimatheou
BBC News, Evia, Greece

The members of the community on the isle of Evia live off the land
Continue reading the main story
Related Stories

Struggling Greeks return to rural roots
Young searching for Greek jobs
Young, Greek and unemployed
As Greece sinks ever deeper into the most severe economic depression in living memory, some young people are taking drastic action to change their lives.

In the spring of 2010, just as the Greek government was embarking on some of its harshest austerity measures, 29-year-old Apostolos Sianos packed in his well-paid job as a website designer, gave up his Athens apartment and walked away from modern civilisation.

In the foothills of Mount Telaithrion on the Greek island of Evia, Mr Sianos and three other like-minded Athenians set up an eco-community.

The idea was to live in an entirely sustainable way, free from the ties of money and cut off from the national electricity grid.

'Crisis of civilisation'
The group sleeps communally in yurts they have built themselves, they grow their own food and exchange the surplus in the nearest village for any necessities they cannot produce.

Continue reading the main story

Start Quote

The Greek financial crisis is not all negative”

Apostolos Sianos
"What others saw as a global economic crisis, we saw as a crisis of civilisation," Mr Sianos explains.

"Everything seemed to be in crisis - healthcare, the environment, education. So we made the decision to try something different."

Mr Sianos and his eco-activist companions first met in an online forum in 2008 and after two years of exploring ideas decided to put their principles into practice.

"When I first made the decision to give up the city and move to this patch of land I was a little nervous," he admits.

"But now I can't imagine ever being attracted by that kind of lifestyle again."

The community calls itself "Free and Real" - an acronym for Freedom of Resources for Everyone, Respect, Equality, Awareness and Learning.


Anything the commune does not use is exchanged for other goods
Now in its second year, it has 10 permanent members and more than 100 part-time residents who spend some of the year there.

But the last few months have seen an explosion of interest in the community from Greeks who feel let down by the system and find life in the financially crippled cities stifling.

Last year the country's economy shrank by 7% and 2012 could see a similar dip; in real terms that means thousands of businesses going bust and tens of thousands of people being laid off.

A recent survey by Thessaloniki University suggested 76% of Greeks would like to emigrate, but for those who cannot afford to start a new life abroad, going back to farming the land is an increasingly attractive alternative.

Mr Sianos says that this year has seen an enormous movement of people from big cities to the countryside, with many contacting his community to ask for advice on sustainable living and organic farming.

"The Greek financial crisis is not all negative," he says.

"It is providing a huge opportunity for people to see that the system they live in is not working, so they can begin looking for alternatives."

Seasonal jobless
Hundreds of miles away, another group of young Greeks is taking an entirely different approach to the dire circumstances their country finds itself in.

Like most people in Greece's fourth-largest city Heraklion, Andonis Sklavenitis is what he calls an "insecure worker".

Last year he worked a few months helping out on an archaeological dig and this year he has managed to get a few shifts a week as an airport security guard.


Nikos Karantinakis says his family has to survive with the help of food handouts
Since leaving university with a degree in tourism he has worked in bars, restaurants and shops, but in almost every one of those jobs his employers have refused to give him sick pay, holidays or pay his national insurance contributions.

To make matters worse it is all seasonal work. As soon as the summer is over he will rejoin the growing numbers of unemployed.

Mr Sklavenitis's experience is typical; Crete has the highest jobless rate of any region in the country, with nearly one in four people out of work and many others in unstable positions without decent conditions.

In 2010, when Mr Sklavenitis and his unemployed friends realised that their numbers were growing, they decided it was time they stood up for their rights.

They established the first Association of the Unemployed, which had two main objectives: to fight for decent working conditions and to provide practical and psychological support to those struggling financially.

Continue reading the main story

Start Quote

If I didn't have that connection with other people in my position, which reassures me that I am not alone, I would probably have killed myself by now”

Nikos Vrahasotakis
After the latest round of cuts, unemployment benefit in Greece is now around 350 euros (£273; $431) per month, but only those who have up-to-date national insurance contributions are eligible; and even then it only lasts for one year.

"When the 12 payments are up you are completely on your own," Mr Sklavenitis says.

Among the association's demands are free travel on public transport for the jobless, as well as discounts on electricity and telephone bills.

One member who desperately needs help with his bills is Nikos Vrahasotakis.

The 30-year-old does odd jobs as a cleaner, making around 10 euros daily, barely enough to feed his young family.

"I just got an electricity bill for 600 euros; it is the fourth bill they have sent, so I am expecting them to cut us off any day," he says.

Food and support
Mr Vrahasotakis, who is not entitled to state benefits, lives with his wife and 18-month-old daughter in an old building that used to be a canteen.

"In the winter it is freezing and a few months ago part of the ceiling caved in," he says.


The Association of Unemployed organises demonstrations to call for more government support
Without the support of the association he says he would not be able to cope.

"If I didn't have that connection with other people in my position, which reassures me that I am not alone, I would probably have killed myself by now," he admits.

As well as the psychological support the association provides, they also distribute food parcels to families in dire circumstances.

Director Nikos Karantinakis, 31, says he and his whole family - father, mother and fiancee - are all unemployed and depend on food handouts to supplement the little they manage to grow in their garden.

"There are arguments every day at home because everyone is so stressed," he says.

It is estimated that around 1,000 people a day are losing their jobs in Greece and already the percentage of the population not working is higher than those who are employed. It is those under the age of 35 who have been the hardest hit.

"Our whole generation is on hold," Mr Karantinakis says.

Continue reading the main story

Start Quote

Being able to work is a basic human right in a civilised society”

Nikos Karantinakis
Director, Heraklion Association of Unemployed
He and his fiancee are unable to plan a future together. Starting a family is completely out of the question.

Since the Association of Unemployed was created in Crete, other chapters have been cropping up around the country, in big cities such as Athens, Thessaloniki and Patras.

Beyond the support it provides its members, Mr Karantinakis says the association has had few successes, but it has allowed him to feel he is doing something.

Before he began focusing on unemployed rights he used to sit in his room staring at the ceiling. Now he spends his days petitioning local government and organising demonstrations.

"Being able to work is a basic human right in a civilised society," he says.

"If the government won't provide us with it then we will have to fight for it."
 

the bear is back biatches!! printing cancel....
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We'll see if today was finally the end to the no volume no volatility madness as the reality of no QE in 12 (Brent 115, corn 800 etc) sets in ... Hit your 1425 jdog then fell back ...
 

the bear is back biatches!! printing cancel....
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The QE whores happy with the fed talking QE in the minutes

Think it's a bunch of BS and no way they moving anytime soon and is purely jawboning ... Maybe I'm wrong ... Gold happiest
 

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Tiz,

Inflation is "subdued".

Just came back from "Outback", noticed the bill went up about 10% than what I normally pay. :think2:
 

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China PMI tanks again.

BULLISH!

Bad news is a good news, good news is a better news. @):mad:
 

the bear is back biatches!! printing cancel....
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Hurricane could push us up to near 4/gallon nationwide

I dare ya Ben
 

bet365 player
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don't think Ben cares much about oils & foods, those are "volatile" items remember?
 

the bear is back biatches!! printing cancel....
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Volume horrible yet again

Seems like we standing at edge of a cliff awaiting crack dealer Ben to say no more crack for you ... Guess we shall see

----------

Low quality bridges to nowhere here's what "stimulus" from government gets ya

---------

A nearly 330-foot-long section of a ramp of the eight-lane Yangmingtan Bridge in the city of Harbin dropped 100 feet to the ground. Four trucks plummeted with it, resulting in three deaths and five injuries.

The 9.6-mile bridge is one of three built over the Songhua River in that area in the past four years. China’s economic stimulus program in 2009 and 2010 helped the country avoid most of the effects of the global economic downturn, but involved incurring heavy debt to pay for the rapid construction of new bridges, highways and high-speed rail lines all over the country.

Questions about the materials used during the construction and whether the projects were properly engineered have been the subject of national debate ever since a high-speed train plowed into the back of a stopped train on the same track on July 23 last year in the eastern city of Wenzhou. The crash killed 40 people and injured 191; a subsequent investigation blamed in particular flaws in the design of the signaling equipment.

Photographs on Chinese Web sites on Friday appeared to show that the collapsed section of the Yangmingtan Bridge’s ramp had fallen on land, not in the river.

According to the official Xinhua news agency, the Yangmingtan Bridge was the sixth major bridge in China to collapse since July 2011. Chinese officials have tended to blame overloaded trucks for the collapses, and did so again on Friday.

Many in China have attributed the recent spate of bridge collapses to corruption, and online reaction to the latest collapse was scathing.

“Corrupt officials who do not die just continue to cause disaster after disaster,” said one post on Friday on Sina Weibo, a Chinese microblogging service similar to Twitter.

Another Internet user expressed hope “that the government will put heavy emphasis on this and investigate to find out the real truth, and give both the dead and the living some justice!” A third user was more laconic, remarking, “Tofu engineering work leads to a tofu bridge.”

Chinese news media reported that the bridge had cost 1.88 billion renminbi, or almost $300 million.

Hilda Wang contributed reporting.
 

the bear is back biatches!! printing cancel....
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Yeah I saw that

I kinda doubt they go to the mega stimulus well again unless it starts getting really bad

They are starting to see the repercussions of throwing around money wildly (hard landing to follow once well runs dry, inflationary problems for the majority of your population that is dirt poor while a few get über rich, low quality product for the public to see in the form of collapsing bridges etc)

Maybe they are dumb enough to dig deeper and creat more long term problems who knows at this point as nothing really makes any logical sense anymore
 

the bear is back biatches!! printing cancel....
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Also you are slowly killing the one thing you had going for ya big time

In the form of cheap ass labor to make cheap ass goods ... Now with the inflation you created due to the boom
Workers demanding more wages better working conditions etc

Centralized planning ways fails miserably just a matter of when
 

the bear is back biatches!! printing cancel....
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The only thing that has me thinking that maybe things aren't as bad as they seem on our end

Is that as china and Japan (more horrible data outta Japan) goes cliff diving you see a resurgence of manufacturing and such state side

I still think overall the global economy is way too intertwined and dependent on one another but who knows
 

the bear is back biatches!! printing cancel....
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But a problem with that is finding people to fill the jobs as well been reading alot about how us manufacturers have all these jobs they can't fill ... People can't pass a drug test, some require special skills , people saying why would o take this low paying job when i can just sit at hom till my benefits run out etc ... Hooray never ending welfare!!!!

Anywho late night ramblings for what it's worth lol
 

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Draghi To Miss Jackson Hole Forum; All Rumors Now To Focus On ECB September 6 Meeting
Submitted by Tyler Durden on 08/28/2012 - 06:00
Ben Bernanke Bond European Central Bank Greece Italy LTRO Portugal Recession Sovereign Debt Sovereigns Yield Curve
With the market realization slowly dawning that Bernanke will not announce anything of note at this year's Jackson Hole meeting, especially with the NFP number following the symposium expected to demonstrate another improvement in the economy, and ahead of the FOMC meeting in the second week of September, many hopes were resting on the shoulders of Draghi, whose ECB has now become a backup option when it comes to jawboning markets higher on empty promises. It is the same ECB which is also expected to announce something, anything on September 6, or else the market will really get angry after "believing" Draghi back in July as he said, and not delivering anything for two months straight. At this point however, the Jackson Hole meeting appears to be a complete dud because as was just reported, Mario Draghi, who was previously scheduled to speak on August 30, has decided to skip the meeting entirely. According to Bloomberg, citing an ECB official, Draghi won’t be attending Jackson Hole forum this year, and the reason given is "due to workload in coming days."
 

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I have yet to see one Repubs including Rand Paul to attack their Wall Street buddies and Bernanke, qe3 is still on then? @):mad:
 

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