Meltdown of world financial system is fully underway...

Quote from fxpip:

http://www.larouchepub.com/hzl/2007/3449finance_system.html

Is that so ?
More...

Silly article. One of the biggest signs is that he blames Alan Greenspan directly when the Fed chair is nothing more than a public figurehead. That's not how the Fed works, even by official explanations.

The financial system is a little more than CDOs, SIVs, ABCPs and MBSs. If you keep up with what's going on, you would know that banks have been aggressively looking for new projects to lend for since this meltdown happened. Some are ahead of others. Most will be washed out.

Most financially savvy individuals were calling for this to happen since 2003. Just check posts on Elitetrader from back then. Even Greenspan gave out hints in during 2003-2005 of the derivatives market heading for trouble. Few caught on to what he was saying.
Do you really think the real power brokers in the field of finance did not see this coming? It's just a transition, same as with the tech boom & bust.
 
I was trying to confirm this statement, or should it be '$34 billion':
"Citigroup alone had $34 trillion in outstanding derivatives contracts"
http://www.larouchepub.com/hzl/2007/3449finance_system.html
et thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=112792
http://www.henryckliu.com/page148.html
"Today the world’s outstanding debts are estimated by one economist at $100 trillion
(including a debt mountain of $34 trillion in bonds). These debts represent 3 times global
income/gdp [1] - and are therefore unlikely to ever be repaid. Non repayment will
nevertheless wreak havoc on the lives of billions of people." date ?
http://www.jubileeresearch.org/news/ips170103.htm
'Credit Derivatives Grew to $45 Trillion Just Before the Crunch'
http://www.wallstreetandtech.com/blog/archives/2007/09/index.html
http://searching.gao.gov/query.html?charset=iso-8859-1&ql=&rf=2&qt=GAO-07-716
 
Quote from gnome:

Possibly correct. American investors have their head fully in the sand in denial and confidence that "the Fed money pump can fix anything".

World economic history since the Great Roman Empire says that such faith and confidence is misplaced and wrong.
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This coming Monday AM could get more sell-off, since large down Fridays can lead to panic selling on the following Monday.
 
Quote from Wallace:

I was trying to confirm this statement, or should it be '$34 billion':
"Citigroup alone had $34 trillion in outstanding derivatives contracts"
http://www.larouchepub.com/hzl/2007/3449finance_system.html
et thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=112792
http://www.henryckliu.com/page148.html
"Today the world’s outstanding debts are estimated by one economist at $100 trillion
(including a debt mountain of $34 trillion in bonds). These debts represent 3 times global
income/gdp [1] - and are therefore unlikely to ever be repaid. Non repayment will
nevertheless wreak havoc on the lives of billions of people." date ?
http://www.jubileeresearch.org/news/ips170103.htm
'Credit Derivatives Grew to $45 Trillion Just Before the Crunch'
http://www.wallstreetandtech.com/blog/archives/2007/09/index.html
http://searching.gao.gov/query.html?charset=iso-8859-1&ql=&rf=2&qt=GAO-07-716
More...

Dang!! When the dust settles the last people standing might be short term traders!! Much maligned were we during the internet boom, but HA HA!! I trashed a [dying, it happens when you near retirement] career in high tech, relations with my wife who thinks I'm a bum that doesn't want to work [she's got that part right, about the work for somebody part] and thousands of hours in front of a computer screen but it may be that was the very best, far and away, by far the greatest possible [did i mention great?] thing to do.... yessssss.... we are at the part of the economic [very manipulated as it is] cycle that corresponds to the Free Fall Ride at 6 flags when your platform moves out and is stationary for about two seconds, just before they punch the button and the bottom drops out... I went on that with my daughter, at the last second she looks over and says "don't forget to yell" with a wry grin, I'm thinking "I can do this shit in silent mode little girlie" when they dropped us from 250 feet or whatever the heck it is... I was yelling within one hearbeat and all the way down too.... there is going to be yelling all the way down believe me, and when it's over, California might be war lord territory. Bring it on!! I'm ready, [well mentally at least, those warlord folk can be real bitchy at times]... make some money on the way down, trade veggies for precious metals eventually, amass a fortune, hire the warlords I know already to train my army, show the grunt level guys the bullshit martial arts and keep the good stuff for the inner circle so we can "maintain", screw it baby, I want your county I'll come and take it.... where's that copy of Sun Tzu.. who 'da man baby....
 
poorly written garbage. these two sentences actually occur one after the other:

"The dollar has gone into a nosedive, which has been broken, at best for a few days, by interest rate cuts, only to then collapse further."

AND

"The infusion of more than $750 billion in liquidity by the central banks, and the interest rate cuts, primarily by the Fed, which the other central banks were then compelled to follow, have led to a dangerous hyperinflationary process,"

that and the fact that it was written in german from an entirely american perspective
 
its a orderly liquidation going on, if money markets are in trouble in a auction setting, what does that say for stocks in a auction setting.

you can see it in the chart patterns on the daily ES futures, people are hedging their equity profile by getting short futures.
 
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