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    12.5bn British Pound hole in UK public finances...

    I thought this sort of "black holes" are only possible in Spanish regional parliaments - but hey, never ever in her majesty´s`? Ay, ay, ay. http://www.ft.com/intl/cms/s/0/f5981c68-dee0-11e0-9130-00144feabdc0.html#axzz1YNTIVZq0 :cool:
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    Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

    The loss resulted from unauthorized speculative trading in various S&P 500, DAX, and EuroStoxx index futures over the last three months. The positions taken were within the normal business flow of a large global equity trading house as part of a properly hedged portfolio. However, the true...
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    Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

    How the phuck can a Delta 1 desk trader hide $2 billion in losses? I can only imagine the sudden EUR/CHF cap to have immediate effect on his P/L. He wrote on Sep 6th: I need a miracle. SNB intervention happened Sep 6th. On the other hand if Martinghoul is right, how the heck can he lose $2...
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    Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

    Kweku Adoboli, a 31-year old trader in UBS’s London-based exchange traded funds business, was arrested on Thursday morning in connection with a $2bn loss due to unauthorised trading at the Swiss group’s investment bank. The Swiss group declined to comment, other than saying the loss had...
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    Short DAX at 7740

    Second exit 5478.00. 1/3 of position left for any upside surprise.
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    UBS rogue trader loses $2 billion

    There is a completely understandable reason for the losses: the trader couldn´t find this button=>
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    UBS rogue trader loses $2 billion

    It seems to have happened in the equity division. Strange, I though more about Forex...
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    Bruce Kovner steps down from Caxton

    Another veteran of Commodities Corporation retiring. Former employees In addition to its founder, the firm's early co-founders included a number of notable individuals, including Paul Samuelson, nobel laureate economist Paul Cootner, professor of finance at the Massachusetts...
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    Third Point’s Loeb calls Yahoo’s Bostock ‘a destroyer of value’

    Third Point’s Daniel Loeb apparently isn’t making much headway getting the management changes he wants at Yahoo. Included in an amended SEC filing reporting his share purchases was a copy of a letter to co-founder Jerry Yang. Mr. Jerry Yang Yahoo! 701 First Avenue...
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    Short DAX at 7740

    Exit 5338.00 first part. Investing some of the profits for a 5050.00 put WALL ARMADA. Good luck bearz. Everybody is so negative out there that even taxi drivers are talking about making a buck or two shorting the Euro. :cool:
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    The weekly: Greece to default/restructure THIS weekend? thread

    Hum, not after WW II experience. By the way: German banks are in desperate need of Greek speaking employees. Guess why? Greek savers leaving Greece for "hardcore" German banks...:D :D :D
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    The weekly: Greece to default/restructure THIS weekend? thread

    The direction is: a TEFLON/hardcore European finance minister or debt manager! If you want to put it in German wording "A Hans Tietmeyer" or Helmut Schlesinger would do the thing. By the way: Hans Tietmeyer is still Vice President of BIS in Basel ;=)
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    Retail Forex Trading:SSI: GBPJPY Ratio Reaches an Almost-Unbelievable 16:1

    GBPJPY - The ratio of long to short positions in the GBPJPY stands at 16.37 as nearly 94% of traders are long. Yesterday, the ratio was at 6.95 as 87% of open positions were long. In detail, long positions are 99.7% higher than yesterday and 68.3% stronger since last week. Short positions are...
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    SocGen and Credit Agricole downgraded by US rating agency Moodys

    1:21a Moody's cuts Credit Agricole long term ratings 1:20a Moody's cuts Credit Agricole BSFR to C from C+ 1:10a Moody's cuts SocGen rating to Aa3 from Aa2 1:10a Moody's cuts Societe Generale long-term ratings YAWN!
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    Merkel against Greek default-rebuffs idiots in ruling coalition government

    German Chancellor Angela Merkel said that Greece is taking the right steps to get its next bailout payment, warning against allowing a Greek default because of the risk of contagion for other euro-area countries. Merkel, in a German radio interview to be broadcast today, said that an...
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    With Greece at the brink of insolvency, Germany balks

    Sure, you are going to borrow your neighbor 50k because he has run out of money. But the years before that, you saw him driving a BMW and laughing at you how "economical" you were?! The Germanz are not stupid. Greece has fabricated for years their deficit numbers through "imaginative...
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    Bond yields near record low after auction

    NEW YORK (MarketWatch) — Yields on 10-year Treasury notes touched a record low on Monday as prices rose, shrugging off the U.S. government’s first debt sale of the week at the lowest yield on record. Shorter-dated debt has sold off while longer-dated yields have remained lower as traders...
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    Societe Generale thread

    France’s three largest banks by market value "MAY" have their credit ratings cut as early as this week because of their Greek holdings, two people with knowledge of the matter said. The country’s lenders top the list of Greek creditors with $56.7 billion in overall exposure to private and...
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    Mooooooooooooonday!!! Maaaaaaaarkett Meeeeeeeeeeeeeeeltdown!!

    Well, don´t forget bout uncle Ben and his crew at the end of this month:
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    Euro open will be ugly

    cough, cough, cough. as long as 65 % of retail traders short EUR=no chance to happen today.
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