Page 1 of 15 1 2 3 4 5 11 ... LastLast
Results 1 to 15 of 216

Thread: Greenspan - That took GUTS. THANKYOU!

  1. #1
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279

    Greenspan - That took GUTS. THANKYOU!


    Greenspan Says That His Free-Market Ideology Was Flawed

    Here's something that probably doesn't happen too often. Former Federal Reserve chairman Alan Greenspan had a crappier day than you did. He had to admit before our federal government that his free-market, anti-regulation ideology was "flawed." Ouch.

    From Bloomberg:

    "Yes, I found a flaw,'' Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. ``That is precisely the reason I was shocked because I'd been going for 40 years or more with very considerable evidence that it was working

  2. #2
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Now Admit it is probable certainty
    Economic Software in Concept, Design and Implementation is flawed.
    Further - TRUST is the basis of TRADE........


    Stock market prediction

    Stock market prediction is the act of trying to determine the future value of a company stock or other financial instrument traded on a financial exchange. The successful prediction of a stock's future price could yield significant profit. Some believe that stock price movements are governed by the random walk hypothesis and thus are unpredictable. Others disagree and those with this viewpoint possess a myriad of methods and technologies which purportedly allow them to gain future price information.

    Implemented trusted systems are not predicting trends.
    Reliance on the systems predictions - is CREATING the MARKET.
    The market is being made and manipulated! by PREDICTION.
    A MINOR FLAW.
    Last edited by herosrest; 02-21-2009 at 01:13 AM.

  3. #3
    Member
    Join Date
    Sep 2001
    Location
    The Graf Vinda loo
    Posts
    141
    I'll offer a saying, it's no use closing the barn door after the horse has bolted.
    Greenspan did his job, along with Bush and Clinton.
    They destroyed the world's economies, and I predict there'll be rioting in the streets of the world by this summer. The best chance we have is if China recovers fast and starts importing lots of minerals from Australia. Too bad about you lot.
    Ah well, interesting times ahead.

  4. #4
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Prediction marketSources of inaccuracy
    Prediction markets suffer from the same types of inaccuracy as other kinds of market, i.e. liquidity or other factors not intended to be measured are taken into account as risk factors by the market participants, distorting the market probabilities. Prediction markets may also be subject to speculative bubbles. For example, in the year 2000 IEM presidential futures markets, a flood of new traders in the final week of the election caused the market to gyrate wildly, making its "predictions" useless.

    Trend estimation
    When a series of measurements of a process is treated as a time series, trend estimation is the application of statistical techniques to make and justify statements about trends in the data. Assuming the underlying process is a physical system that is incompletely understood, one may thereby construct a model, independent of anything known about the physics of the process, to explain the behaviour of the measurement. In particular, one may wish to know if the measurements exhibit an increasing or decreasing trend, that can be statistically distinguished from random behaviour.

    There is a universal flaw running through the concepts. The assignment of value.
    Chicken and egg.
    These assessments undermine value to guage potential for profit.
    They enable instability, are unstable and create chaos because value is undermined by excesses of excess.

    In short and to the point - the logic is flawed. IT IS BIASED.
    It is defended to the bitter death in argument with MumboJumbo
    and yet is pure utter Gobbledeegook.
    It is BOLLOX. Subjective chaos due to excess.
    That excess is greed. A FATAL ERROR.
    Last edited by herosrest; 02-21-2009 at 03:56 AM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  5. #5
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Stock price is massively under valued - Interest in stock no longer bears relationship to underlying business.
    The markets are a piggy bank manipulated to drain cash offshore to structured Bubbles.
    Business is undervalued massively by perhaps 2 or 3 times current stock price.
    Massive Value is being destroyed, the implications are Fatal....

    Anyone avoiding Taxation - should simply be hung from the nearest lamp post.
    Last edited by herosrest; 02-21-2009 at 04:36 AM.

  6. #6
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    There are two reasons why people avoid paying TAX.

  7. #7
    Senior Member Lgbpop's Avatar
    Join Date
    Dec 2006
    Location
    Yes
    Posts
    948
    Just let the markets be, and stop trying to regulate everything. Everytime something is tweaked in one spot, it bulges somewhere else. The overreaction we're experiencing now will cause more hurt and suffering than anything else ever did.
    Thank God we're not getting all of the government we're paying for!

  8. #8
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Didn't say a word about regulation. Nothing was further from my mind. Supervision of a bunch of immatures and Altzheimer victims certainly, and heavy taxation of SHoRt profits......... but regulation - heaven forbid.

    They all self regulate and i'm sure it's enlightning and very messy.

    My point was the underlying techniques, the mastery of the market, if you will - nuts and bolts Dogma and theory underlying practise. And said use of profit takes to cash flow leveraged savings(haha) investment business, rather than reward hard working companyies with realistic prices. The markets are being raided like kiddies dipping piggy banks - it's continual. There are patterns of profit taking which have nothing what ever to do with business, buyers are allowed to trickle in long for 2-3 weeks boosting prices a few % and whamo... then it repeats.
    Last edited by herosrest; 02-21-2009 at 06:04 PM.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  9. #9
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    This CLICK IS ONE HELL OF A YACHT!
    Last edited by herosrest; 02-22-2009 at 12:00 AM.

  10. #10
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    The Number '7' has very special qualities.
    By adding 8 ZErO's it becomes impossible to detect.

  11. #11
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    There is interesting and 'inside' view HERE on Bonus.

    Nothing personal, i found an interesting and amusing.
    Very interesting and informative blog. NoW then!

    When are these people going to grow up. You made a profit..... oh la ooh la la. That's your day job.
    Pretty much anyone with a basic education and wits CAN do that job. Really. Let the school and
    college youngsters do a placement for a few days and bosses might just find themselves
    gobsmacked. Earn your pay and be grateful, the bonus is a cost shareholders and
    customers don't want to carry anymore. It is inefficient - so are you.
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  12. #12
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Commodities markets manipulated: Saxo Bank
    Commodities markets were heavily manipulated in 2008 and much of the demand created in the year was artificial,
    a European investment bank said in its latest report. Saxo Bank, a Copenhagen-based investment house, said the charts showing the
    demand for commodities may have had inflated figures. The bank said the rock bottom commodities prices prevailing now may be a result
    of accumulation of four to five years of stockpiles.
    "After scrutinising supply and demand statistics, we believe that the official data has been manipulated in order to
    scare the demand side into panic buying," said the bank, which predicts oil prices will fall down to $25 a barrel in 2009.
    Last year was the year when the commodities market became the most speculative ever driving prices of oil
    and several other commodities to historic highs, the bank said, adding that the entrance of powerful speculators
    into the markets inflated the prices.

    "There is no doubt that a big speculative element entered this market – mutual, pension and hedge funds
    have all found commodities to be the new element, which they believed, would enable them to decrease the volatility of their returns,"
    Saxo bank said releasing its forecast for 2009. It termed its predictions "outrageous". .................




    Quote Originally Posted by herosrest View Post
    Capitalism accumalates and manages wealth. The idea and concept is second nature to any responsible person.
    Practise of the concept is fundamentally flawed. Unpicking that flaw solves all the advanced nations current
    economic disshevelments in short order.
    The changes required 'challenge' business practise and attack an incumbent mindset.

    There is a problem with economic practice - the cause of recent havoc.
    lndividuals, business, conglomerates and nations all garner 'nest eggs' which ACCUMULATE.
    No one in their right minds will give them up - That is the problem.

    The accumulation of capital is unending and the search for ways to protect
    and grow the huge sums have become quite esoteric.

    When a person retires from work, their pension fund must be liquidated and passed to them in cash.

    That will spin a few heads.

    Do click
    Need some easy money open a Bank




    ALL FINANCIAL TRADING - MUST BEGIN WITH A TRANSACTION TAX.
    YUP - NOTHING, NADA OCCURS UNLESS THE FIRST STEP IS A REGISTRATION ADVISING TRADING.
    THE FEE CAN BE 1C OR 1P. THE TAX TAKE IS NOT THE ISSUE
    ALL TRANSACTIONS AND MOVEMENT OF FUNDS MUST BE MEASURED FOR ANALYSIS.
    THIEVES AND CONMEN ARE AT WORK AND ENOUGH IS E-FUNKIN' NOUGH!

    THERE IS ONLY ONE DIRECTION THE WORLDS ASSETS ARE HEADED AT THIS TIME
    THAT IS INTO THE GALAXY NGV-000000.0009 (NO GROSS VALUE).
    VALUE MUST BE PROTECTED RATHER THAN RAPED BY YAHOO'S
    AS IS THE CASE TODAY.




  13. #13
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    CLICK PICS
    It is not surprising that people do not rise to high ideals.
    It should not surprise those aspiring such ideals that animals RULE the jungle.
    - herosrest

    We have CHAOS - the utter chaos of greed. Incredibly it is by design.
    Chaos theory is applied in many scientific disciplines: mathematics, biology, computer science, economics, engineering, finance,
    philosophy, physics, politics, population dynamics, psychology, and robotics.

    The insane are at play! Defective function of mental processes such as reasoning.

    Those in responsiblity must realise and control the mad not the madness. Greed is a madness - The Greedy insane!
    It is called Avarice. Personal inclination. Excessive or insatiable desire for wealth or gain. Inordinate desire for wealth.
    Unbridled desire. Intense longing.


    Call for global think-tank on crisis - One of Germany’s most influential engineers has made an urgent plea to bring leading global industrialists,
    scientists and politicians together in an attempt to rapidly stabilise the financial system, highlighting the growing fear of tightening credit hitting supply chains.
    Franz Fehrenbach, chief executive of Bosch, the world’s largest car parts supplier, called for the creation of a global interdisciplinary think-tank..............


    Japan government considering stocks support - Japanese Finance Minister Kaoru Yosano said on Tuesday the government was studying measures
    to support the share market, which is flirting with 27-year lows. Officials had been ordered to look into support for the stock market, including considering a call
    from the head of a business lobby group for the government to buy shares, he said.


    Suspicion haunts Europe’s efforts on crisis - The heads of Europe’s leading industrial nations meet in Berlin on Sunday in the latest gathering aimed
    at forging a global response to the financial crisis. The meeting will take place against a backdrop of mutual suspicion. As the French, British, Italian, Spanish and
    Dutch converge on the German capital, Berlin and Paris are concerned London may be backsliding on tighter regulation of financial markets.


    Steinmeier takes hard line on regulation - Sweeping new regulations for investors, shareholders and managers must be introduced in Germany if confidence
    in free markets and the capitalist economic model is to survive the global financial crisis, according to the Social Democrat candidate for the next German chancellor.


    EU leaders push sweeping regulations - European leaders on Sunday outlined sweeping proposals to regulate financial markets and hedge funds
    and clamp down on tax havens as they sought a common position to combat the global economic crisis. At a meeting in Berlin ahead of the Group of 20
    summit of advanced and emerging economies in London in April, the leaders called for new sanctions to punish “unco-operative” jurisdictions and tax havens,
    which member states plan to name in the coming weeks.


    Source of extra IMF funds unclear - The EU’s backing at the weekend for a campaign by the International Monetary Fund to double its resources
    will have been welcomed at the institution’s headquarters in Washington, where its limited resources are rapidly flowing out to troubled governments
    around the world. The IMF is now undertaking what Ted Truman, senior fellow at the Peterson Institute in Washington, calls a “tin cup approach”.


    Employers should hold on to their lefties - I watched in quiet satisfaction as Barack Obama put his signature to the stimulus bill last week.
    He rested his forearm on the table, bent his wrist and curled his left hand all the way around. At last, a US president who writes like I do. Four, and possibly five,
    of the last seven US presidents have been left-handed. (The “possibly” is because Ronald Reagan, while said to be a lefty, signed with his right.)
    But none of the other left-handed presidents had Mr Obama’s tortured writing posture.


    Takeaway truths - For consumers caught in a new age of austerity we seem to be ordering in a great many pizzas – and burgers
    and buckets of fried chicken. In the early days of the downturn, some imagined Britons would return to the kitchen – or even to The Good Life,
    the self-sufficiency sitcom fantasy of a recession 30 years ago – as cash-strapped families saved money. But more striking than any revival
    in home cooking, has been the rise in home delivery. Domino’s Pizza, the UK’s biggest pizza delivery service, said this week that pre-tax profit
    rose 25 per cent last year. KFC is proliferating thousands of extra jobs. Last month McDonald’s reported global comparable sales growth
    and an increase in operating income for 2008. Its comparable sales rose in January too


    IT forum VMworld Europe in Cannes (to February 26),
    will bring together IT professionals, executives and technology providers to discuss IT infrastructures.


    "virtually anything is possible". - VMworld.com now extends the success of the VMworld conference
    to an online conference, open to anyone to learn and share what they know about virtualization with the community.
    VMworld.com is an independent virtualization resource available 24x7, 365 days a year, encouraging open conversations
    and dialog about all virtualization vendors, technologies, products and solutions. While not a replacement for the unique
    face-to-face networking opportunity of the conference, you can now get access to valuable information and conference
    sessions, talk with vendors, get tips and tricks from other virtualization users, and hear the latest virtualization buzz
    every day online. Access the latest resources and information you need to make informed decisions about implementing virtualization.


  14. #14
    Ultimate Member herosrest's Avatar
    Join Date
    May 2002
    Location
    Authorised personnel only
    Posts
    2,279
    Sharks harpooning Whales! - enough of this rubbish!
    "We all felt at home among the sharks and stingrays,"
    A crew - a motely crew - got together in insurance some years back - they are scattered to the 4 corners of the planet -
    raising chaos and financial mayhem.
    They all worked one place - one theme - one practice.
    Quote Originally Posted by herosrest View Post


    Topic Terminated. 11-30-2004 to 02-03-2009.
    Quote Originally Posted by herosrest View Post
    Traders..... deal makers, the Barrow Boys - have got their hands on the property market and are raping it.

    They will tell you all day long that those fins on their back are an illusion and get away with it.

    Sharks are harpooning whales.
    How do you think the Hedge Funds are turning those pretty pennies.
    It ain't the TAX dodges doing it.

    People sign up for 25 years for this rubbish.. no funckin WAY! Lock them up! - with Insurance rebuild values.
    Quote Originally Posted by herosrest View Post
    http://www.telegraph.co.uk/money/mai...3/ccjeff23.xml Under Mr Wood, UBS's strategic risk management team has delivered an average annual return of more than 50 per cent over the past five years, earning $2.4bn in revenue for the bank.
    Brian Keelan, the swashbuckling corporate financier who achieved fame defending the Co-op from a hostile takeover bid in 1997, is leaving UBS Warburg to join Jardine Matheson, the Bermuda-based conglomerate.

    http://www.independent.co.uk/news/bu...on-685735.html
    Quote Originally Posted by herosrest View Post
    Click pic Deficits could rise sharply if radical new proposals about the way pension fund assets and liabilities are calculated and reported are adopted. The Accounting Standards Board (ASB) is responsible for the rules which govern financial accounting.
    Quote Originally Posted by herosrest View Post
    "Investor SRM Master Global Fund Ltd., which bought a 5.19% holding in the Countrywide Financial Corp on Jan. 24, said Thursday in a filing to the U.S. Securities and Exchange Commission that the agreement did not “provide sufficient value” to Countrywide's common... "

    - Nov 28, 2007 Reuters.uk,In a regulatory filing, SRM, run by influential former UBS trader Jon Wood, said it had bought another 2.5 million shares at 114.7 pence each.

    LONDON (Thomson Financial) - SRM Global Master Fund Ltd Partners, the hedge fund seeking to stop the auction of Northern Rock PLC, has raised its stake in the stricken UK mortgage lender to 9.29 pct from 9.1 pct.

    SRM, led by former UBS trader Jon Wood, said in a statement that it bought a further 800,000 Northern Rock shares at 0.929459 per unit, taking its total holding to about 39.143 mln shares.
    Quote Originally Posted by herosrest View Post
    21 December 2007, 18:29 GMT
    Northern Rock has agreed to hold an emergency meeting for shareholders to discuss its sale process on 15 January. The meeting will be the first high-profile occasion for shareholders to grill management after the bank ran into trouble in September. Two of the bank's major shareholders are calling for restrictions on the bank's ability to sell the company's assets or issue new shares.

    http://www.hedgefundreader.com/2006/...obal_read.html Investors in SRM Global can choose from two fee structures – a 1 percent management fee to invest for a period of five years and 1.5 percent for three years. SRM Global will retain 25 percent of its profits.

    http://www.telegraph.co.uk/money/mai.../ccdiary12.xml Hedge fund RAB Capital spared no expense when it came to organising this year's Christmas party: hiring out the London aquarium for drinks, dinner and dancing. "We all felt at home among the sharks and stingrays," jokes my man at RAB, who tells me the party continued at a Mayfair club.

    Hang on a mo... NR got into trouble with a high risk strategy that Hedge funds exploited. Funny old world. Sharks harpooning whales. whatever next?
    Quote Originally Posted by herosrest View Post
    What's the odds there is an equal amount of loss - sitting in books somewhere.......... bonds maybe........
    Quote Originally Posted by herosrest View Post
    C0-INCIDENCE BEING RARER THAN TRUTH DURING THIS 21ST CENTURY
    is it not oddity sublime that slap bang in the murdiddle of the worlds largest EVER Ponzi HaHa! scheme
    that a renowned Banking World presence half a globe away manages to write off the exact same amount of troubles.
    Well balanced them Swiss are. Very well balanced.
    Senior UBS executives and board members may come under pressure to hand back Sfr60m (32m) in bonuses paid out last year.
    The Swiss bank said today that the issue of executive remuneration, including whether previously granted incentive awards will be repaid,
    will be discussed at an extraordinary meeting for shareholders scheduled for November 27.
    However, bank insiders denied that anyone will be forced to hand back a bonus that they have already received.
    The bank, the worst European casualty of the 14-month-old financial crisis, writing down $50bn (31bn),
    has already indicated that it will not pay any bonuses this year to Peter Kurer, its chairman, and other executives.

    Quote Originally Posted by herosrest View Post
    Traders..... deal makers, the Barrow Boys - have got their hands on the property market and are raping it.

    They will tell you all day long that those fins on their back are an illusion and get away with it.

    Sharks are harpooning whales.
    How do you think the Hedge Funds are turning those pretty pennies.
    It ain't the TAX dodges doing it.

    People sign up for 25 years for this rubbish.. no funckin WAY! Lock them up! - with Insurance rebuild values.
    Sharks harpooning Whales! - enough of this rubbish!
    "We all felt at home among the sharks and stingrays,"
    During deep sleep IT came to me and the future of processing is clear.
    Future processors will primarily be digital tuning radios acting as grid computing nodes.
    Voila. See ya in hell.
    PROCESSING

  15. #15
    Registered User mireland's Avatar
    Join Date
    Dec 2001
    Posts
    3,016
    two all beef patties, special sauce, lettuce, cheese

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •