As we begin this short work week and the last week of May, investors and borrowers alike are wondering what is going to happen with interest rates in June.
Popular belief has it that they will start rising but the world’s financial situation still appears to be so volatile that we, the great unwashed, can only scratch our heads and wonder. The problems in Europe and the Greek crisis in particular, triggered a massive $1 Trillion bailout to stabilize things but no one seems to know if it will work. Then last week Germany’s financial supervisory authority, the Bundesanstalt Finanzdienstleistungsaufsicht (trying saying THAT three times fast….or even once!), announced a ban on something called “naked short selling” in the credit default swap market which caught other countries off guard and has evoked criticism. I can’t say if it was a good thing or not because I’d never heard of naked short selling before. Investors sell short by selling borrowed securities in hopes of buying them back later at lower cost (can you spell “g r e e d”?). The more controversial naked selling involves selling securities before ensuring they can be borrowed. You heard right. And we wonder why the world is in such a financial mess.
NAKED SHORT SELLING IS SELLING OR BETTING ON THE COME WITH NO MARGIN OR MONEY--AMERICA SHOULD HAVE FORBIDEN IT AGES AGO THAT IS WHAT WAS IN LARGE A HUGE PART OF THE DISASTER 2 YEARS AGO--
ReplyDeleteAs spectators, we can't do anything i guess, because the Europeans Countries are such in financial turmoil with Maturing Loan Obligations [MLO] that cannot be settled in due time.
ReplyDeletecrazy world!!
ReplyDeleteGood to see you in such a long time......the world cycles as you know. It can be crazy but how we wish to see it is within our own manner and way.
ReplyDeleteMaybe just maybe there is some good things encompassed within it all as I much like you have come to unveil.
greed is old as time
ReplyDeleteBundesanstalt Finanzdienstleistungsaufsicht, Bundesanstalt Finanzdienstleistungsaufsicht, Bundesanstalt Finanzdienstleistungsaufsicht...there I said it three times fast *grin*
ReplyDeleteWell it's kind of messy but yet much better than the options Danette. If only I had sound :)
ReplyDeleteBig grins here. :)
It is amazing what we have let big investment banksters do with practical impunity.
ReplyDeleteDoug I just logged in here and we do you know I keep it pretty clean when it comes to politics but nevertheless we do. We don't look at the entire economic drift that may very well be our fall. Yet with good thoughts good minds..............it all does work out.
ReplyDeleteGreat movie although I am a passifist........I undersand the unfictional character within this movie....watched it last night.
ReplyDeleteIn no way shape nor form am I about to create a master peace as indicated here on this video. What I will be doing is a prep....and with on tooth tomorrow is done as.....................I am no Chrisy, I am just myself with the need to tend to a possible root canal.
ReplyDeleteJust a movie.....
ReplyDeleteAll is on shaky foundations, therefore, it is quite likely to get worse. We will have even more need for our spiritual nature.
ReplyDeleteYes and during these times we just need to do what is best.
ReplyDeletewe have economical problems in Italy too.
ReplyDeletewhy on a vacation two month sabbatical before flying despised places....
ReplyDeleteeave the question out..........NiCO
In italiano
ReplyDeletetutto è buono con l'eccezione al dente. Il getit I fatto domani e il thereatter sono mosca intorno al ou là ......... America di y dice sempre che stanno facendola ma abbiamo alwatys ottenuti esso la daina almeno con il mio gruppo.
I can't understand what you're saying, sorry
ReplyDeleteok no need all the Utubes dont stand for what we do for peace.
ReplyDeleteyup, we have them in RSA also, that problem is worldwide ! DON'T WORRY, BE HAPPY!
ReplyDeleteGet on a F18 then come back.................this one is the last of my time Annette.
ReplyDelete