6,176 Posts

41paperboy Shirt small but #aintnobodygottimefordat lol chilling at da spot #fatfinger 21h

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lucilejane The "Welcome to Italy" gelato
#milano #icecream #fatfinger #italia #travels
  •   adlpoit > enjoy ! 20h
  •   leeyaka You Def know how to treat yourself, looks soooo yummy! 12h
  •   aslyd Mais c'est tellement cool !!! Enjoy!! 11h

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sparklesmcglitterson I'm trying to edit some prom pics I took last night and Cupcake straight up fell asleep on my hand. Also, my finger looks super far from this angle. Not cool. #cupcakethecat #tortoiseshellcat #sleepykitty #fatfinger 1d

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nick_the_contrarian China Could Face "Sharp" Rise In Capital Outflows If Stocks, Economy Lose Momentum

We’ve written quite a bit over the past two months about capital outflows from China. Last week for instance, we documented how the country saw its fourth consecutive quarter of outflows in Q1, bringing the 12 month running total to some $300 billion. Why, beyond the obvious, is this a problem for China? Because pressure is mounting to devalue the yuan as the currency’s peg to the recently strong dollar is becoming costly for the country’s export-driven economy.
If yields on Treasuries spike higher as the Fed tightens -- as has sometimes happened in the past -- the U.S. could lure money from developing economies like China.

Then there’s the currency risk. In the case -- unlikely for now -- that the yuan is allowed to weaken substantially to boost exports, that could trigger the unraveling of carry trades estimated at $1 trillion.
To be sure, not all of the departing capital is speculative, or so-called hot money. Much of it is actually a sign of China’s increased economic development, such as outward investment as companies expand their global footprint.

As a reminder, here’s a look at “hot money” outflows via Barclays... Summing up, China faces accelerating capital outflows, a looming economic downturn, and an epic stock market bubble, and ironically, efforts to combat the latter two problems are very likely to exacerbate the former. Or, as one strategist told Bloomberg: "China is nowhere near a crisis, but like the parable about the frog in a pot, the water is getting closer to a boil." #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece #China

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nick_the_contrarian When To Put On Bill Gross' Big Bund Short: Citi Explains

Since the launch of PSPP (i.e. ECB QE) on March 9, quite a bit of attention has been paid to German Bunds. Under the program, national NCBs’ share of monthly purchases is based on the ECB’s capital key and as it turns out, it’s going to quite difficult (if not impossible) for Germany to source enough purchasable assets given projected supply and Q€’s structural limitations. This has led to collapsing yields which have in turn forced the ECB and the Bundesbank to look further out in terms of maturities in order to avoid the -0.20% yield floor causing an epic flattening of the Bund curve as everything converges on the depo rate.
What this means is that far from being the short of a lifetime right now, Bunds are in fact quite the opposite, and their progression to the hard -0.20% floor across the curve is just a matter of time before everyone decides to frontrun the ECB's purchases over the next year. Because if the ECB will have no choice but to buy even more Bunds from the private market, then the sellers can demand any prices for these Bunds, up to and including the ECB's hard (for now) floor of -0.20%! And yes, once the entire German curve is trading at -0.20% then Bill Gross will be spot on, and Bunds will indeed be the short of a lifetime. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece

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nick_the_contrarian WTF Chart Of The Day - Chinese New Share Accounts Edition!!!! We've all seen Chinese stocks explode in the last year; we've all seen margin lending soar to fund this exuberance; we've all read the dominant buyer in this trading frenzy is high-school-educated housewives; and we've all seen the analogs to the 2000 dotcom bubble. But, we guarentee you have never - ever - seen anything like this... The number of new A-Share accounts opened just last week was a mind-boggling 3.25 million!!! That is double the number opened in the peak euphoria stage of the 2007 bubble... This wil not end well... #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece 1d

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2d lephonn
Video Boy Fall From Sky
lephonn Chập to chương khai #spectrum #launchpad #fatfinger @bminnguyen3 #emiin @kakkoii.koutaru 2d

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nick_the_contrarian Largest Bank In America Joins War On Cash

The war against cash has, up to now, been waged almost exclusively by national governments and official international organizations, although there are exceptions. Now the war has acquired a powerful new ally in Chase, the largest bank in the U.S. and a subsidiary of JP Morgan Chase and Co., according to Forbes, the world's third largest public company.

Of course , it is hardly surprising that a crony capitalist fractional-reserve bank, which received $25 billion in bailout loans from the U.S. Treasury, should want to curry favor with its regulators and political masters and, in the process, ensure its own stability by helping to stamp out the use of cash. For the very existence of cash places the power over fractional-reserve banks squarely in the hands of their depositors who may withdraw their cash in any amount and at any time, bringing even the mightiest bank to its knees literally overnight (e.g., Washington Mutual). The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans.
Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its "Updated Safe Deposit Box Lease Agreement," one of the highlighted items reads: "You agree not to store any cash or coins other than those found to have a collectible value." Whether or not this pertains to gold and silver coins with no numismatic value is not explained.
We would argue that central banking and fiat money have done more than enough harm already and that the eradication of financial privacy has gone way too far. Money and banking should be freed from the clutches of government-directed monopolization and cartelization and should be returned to the free market. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece
  •   bbentii What do you think of Bitcoin? 2d

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cindiahuang 甜不辣的新指甲好喜歡#gel#nail#fatfinger 3d

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nick_the_contrarian China Has A Massive Debt Problem", And Why It Is About Get Much Massiver

The country is also moving to curb the excessive margin debt that has helped fuel the country’s world-beating equity rally and is set to kick off a pilot program that will allow heavily indebted local governments to refinance their high interest loans (which total 35% of GDP) and save billions in interest expenses in the process (and which incidentally may eventually be part of the Chinese version of ECB LTROs)

the PBoC is set to remove a bureaucratic hurdle from the ABS issuance process, which means that suddenly, trillions in loans which had previously sat idle on banks’ books, will now be sliced, packaged, and sold. This, in turn, will put in motion the classic securitization (non)virtuous circle in which banks offload credit risk to investors via ABS and, encouraged by the generation of securitization fees along the way, use their newly unencumbered balance sheet to make more loans to feed the securitization machine. This results, invariably, in shoddy underwriting as banks compete for business, and the amount of risk embedded in the financial system rises in lockstep with the percentage of securitizations backed by new loans to underqualified borrowers.
What this means is that China’s massive debt burden is about to get massiv-er, as banks use ABS issuance as a pressure valve to free up lending capacity. And as a reminder, here’s what will be going into the ABS collateral pools. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece

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nick_the_contrarian ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut

These haircuts exceed those imposed on Greek banks in June 2012, when emergency loans had soared to €125 billion on worries that Greece would be forced to leave the eurozone. As The NY Times explains, The ECB won't be fooled again... Under E.C.B. rules, the central bank of Greece assumes full responsibility for the credit risk when it issues these emergency loans.

But the E.C.B. carefully monitors them, setting limits and scrutinizing the collateral.

During the Cyprus crisis, Jens Weidmann, the powerful German member of the E.C.B.’s governing council, bluntly criticized the head of the Cyprus central bank for inflating the value of collateral to allow desperate Cypriot banks to borrow more money.

By requiring such large discounts, the E.C.B. is making sure that the same thing does not happen in Greece.

The bottom line - it's over! Absent Russian 'loans' or Chinese infrastructure deals, the "Cyprus"-ing will begin shortly which perhaps Greek depositors will front-run better than the Cypriots. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece

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charlie_smish Hard nights graft at pole class! Trapped my finger in the joints of my pole & made a smiley face 😀 #poledancersofinstagram #polegirlproblems #manhands #calluses #ew #hardwork #training #ouch #loveit #fatfinger 4d

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chestyylaruee Oh what. Haven't seen an indent like that since highschool. #memories #assessment #college #997272738thword #fatfinger #nut 4d

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maligind Новая мулька — #Fender #Fatfinger, энхансер. #bassstuff #bass #musicman #stingray #enhancer 4d

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nick_the_contrarian Greece May Sign Russia Gas Deal As Soon As Today

Perhaps just as importantly, suddenly Russia will energy as the generous benefactor riding to Greece's salvation, in turn even further antagonizing the Eurozone and further cementing favorable public opinion. As a reminder, several weeks ago we showed that Russia already has a higher approval rating among the Greek population thatn the Eurozone. In this way, Russia has just won a critical ally for the very low price of just €5 billion, without even having to restructure the entire Greek balance sheet should Greece have exited the euro and been attracted to the Eurasian Economic Union. Which also means that all future attempts to impose further sanctions on Russia by Europe will fail thanks to the Greek veto vote.
Russia is not alone in seeking to divide the spoils of the collapsing Eurozone: Beijing has also sought to invest in Greece's infrastructure and bought up €100m worth of short-term government debt last week the Telegraph reports.

Providing a much needed potential flow of cash into the country securitized on that future cashflow from the pipeline deal... and enabling them to avoid Europe's austerity demands.

As Bloomberg reports, the gas transit guarantees will help Greece “to get additional commercial credits for other projects." But stoically, spokesman Sergei Kupriyanov says by phone in response to question if company will provide loans to Greece: "Gazprom isn’t a bank." * * *

Finally, for those confused about the flow of funds, here it is:

Russia (Gazprom) gives Greece money, which Greece uses to repay the IMF, which uses the Greek money to fund a loan to Kiev, which uses the IMF loan to pay Russia (Gazprom). A perfect circle. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece

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nick_the_contrarian Bill Gross Says Bunds "Short Of A Lifetime", As Mario Draghi Is About To Run Out Of Bunds To Buy

By now everyone has seen the infamous chart showing how much of Europe's government bond market is trading in negative territory.

Considering that central banks aren't going anywhere in their frenzied scramble to re-export deflation to their peers, which means trillions more in debt monetizations (until they all lose patience, or credibility, whichever comes first and start paradropping money from Bernanke's chopper) the statistics above are only going to get worse.

It is in this context that moments ago, Bill Gross said that "German 10 year Bunds are the short of a lifetime... Gross: German 10yr Bunds = The short of a lifetime. Better than the pound in 1993. Only question is Timing / ECB QE — Janus Capital (@JanusCapital) April 21, 2015 ... however with the provision that there is one open question: timing and ECB QE (also, we can only guess that Gross means 1992 not 1993 for the pound move). Of course, that is the $5.3 trillion question.

Of course, if Greece has anything to do with it, this ECB's "market neutrality" will be compromised much faster: should the Greek capital controls and bank run be exacerbated in the coming days, primarily as a result of the ECB's own ongoing attempt to spark a banking sector panic in Greece, then the 10 Year Bund may slide under 0.00% in the coming days, on its way to -0.20%. And yes, once the entire German curve is trading at -0.20% then Bill Gross will be spot on, and Bunds will indeed be the short of a lifetime.

Just don't expect to pocket the proceeds any time soon because, paradoxically, for that to happen, central banks have to finally lose all credibility. And the fiat in which one will enjoy the profits from the Bund short may suddenly not be worth all that much in a post central-bank world. #Market #Rigged #Manipulation #QE #CentralBanks #Liquidity #Stocks #Trading #Volatility #HedgeFunds #Crash #Credit #Default #Cash #Citadel #FatFinger #FED #BOJ #Yellen #Kuroda #Draghi #Inflation #SNB #Greece

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