Saturday, February 1, 2014

News, Rumors, and Opinions Thursday Night

News, Rumors, and Opinions Thursday Night

01/30/2014
TNT:

ZenPaws: Interesting comment by Art Cashin  http://www.cnbc.com/id/101378155

If you saw Art's video clip on CNBC last Friday evening when the stock market crashed, he said then that it occurred because traders were expecting 1, 2 or 4 currencies to revalue over the weekend. What do you make of his comments today?

Art Cashin said stocks gained Thursday as fears of emerging market currency problems eased but investors should "take the joy that we have today and hold onto it and see what markets do overnight."

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani he thinks the primary factor helping equities now is "the fact that the end of the world has been postponed, apparently. We'll see how long that continues. If the emerging markets can remain stable for a couple of days we might be able to build on this. I think they're going to take it one day at a time."

He thinks the market's attention will be moving from earnings to the economy in the coming days. "We've seen some weakening signs. Can the Fed keep tapering? What's going on here?"—By CNBC.com
....
Read More Link on Right

FutureBliss: Update !! just got this now from a source...treat as rumor

Just heard CNBC announced the worlds currencies have been revalued and rates are now released to the public.

 4:40 pm.. I asked my source where this came from. He just called to say his contact in FL saw it on CNBC and called him....I don't know what time this happened. But shortly after that call he called his uncle in WA who is not a currency holder but my source and his brother are going to take care of him. My source told him what the FL contact said and the uncle that's odd because I just saw the same thing on MSNBC !

 My source also said that his forex contact said this had to be done by the end of the month, and he just talked to Oakie and two other of his sources who all said it is going down today.  The Chinese were told it would be done by their New Year which started this morning as they are a day ahead.

NO, I cannot prove it...this is intel from my source.  Take it or leave it !   I will TAKE it.

PS:  we've been told all along that the RV will slide in quietly, no big announcement. I ASSUME that the above was on the scrolls...I don't expect any big coverage of it in any media.

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I4U:

[duffy2] PRAISE GOD!!!!! HIGH RV ALERT! ALERT! ALERT! THIS IS NOT A TEST!!! It has been reported that the revaluation has been signed off on and we should be seeing it. THERE WILL BE NO TRUMPETING OF HORNS, NO CRIER IN THE STREETS….to tell us it has happened….. "IT'S JUST ALL DONE…. WE AWAIT THE DEAL….OF THE RULES, THE RATES, ETC." IMF Confirms Chinese Yuan Set to Become a Global Reserve Currency Rumor — It is on bank screens everywhere, Banks are flush if not heavy in cash, Codes this weekend, Public on Monday….the end. Watching the weather channel in Baltimore a very serious friend reported this and called me excited. Scrolling along the bottom it read WALL STREET SAYS THESE THREE CURRENCIES ARE ABOUT TO HAVE MAJOR REVALUATIONS. He will call me back when it scrolls again for the third one he forgot, but the two he saw were Dong and Dinar…Imagine that. ..soon it's to be a reality

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John MacHaffie: 

RV ANNOUNCED

RV RELEASE ANNOUNCED TONIGHT ON CNBC – MAINSTREAM MEDIA

Info came from 4 separate credible sources - link will be posted when available.

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About the Poofness Newsletter:

Hi, Folks - No newsletter yet and no solid news concerning it. I wrote Susan a short while ago, she's patiently waiting for word from ZAP.

Blessings. --hobie

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MIG:

[xyz] Worst is yet to come for Fragile Five Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the 'Fragile Five' by Morgan Stanley last August.
http://money.cnn.com/2014/01/30/investing/emerging-markets-fragile-five/index.html?iid=Lead

http://i2.cdn.turner.com/money/dam/assets/140130111456-currency-turmoil-620xa.png

 [xyz] Currency devaluation ‘easy’ answer to emerging market crisis – Saxo Bank chief The emerging market currency crisis is being propelled by policymakers who are “seeking the easy answer” by devaluing their currency, which is an unsustainable global model, Saxo Bank CEO Steen Jacobsen told RT.
http://rt.com/business/devaluation-currency-not-easy-420/


[xyz] Bankers Charged Former Royal Bank of Scotland Group Plc and Jefferies Group LLC employees were among seven investment bankers charged with using a film-production scheme to avoid 2.5 million pounds ($4.1 million) in taxes, U.K. prosecutors said. The charges against 13 people relate to two film partnerships that allegedly submitted false tax returns so its members could claim relief on losses. Three women and 10 men “conspired to cheat” Her Majesty’s Revenue and Customs through “a complex film scheme designed for that purpose,” the Crown Prosecution Service said in a statement today. http://www.sfgate.com/business/bloomberg/article/Ex-RBS-Bankers-Charged-Over-Movie-Tax-Avoidance-5189557.php

[xyz] breakdown in global policy coordination …India central bank Governor Raghuram Rajan warned of a breakdown in global policy coordination after the Federal Reserve further cut stimulus, weakening emerging-market currencies from the rupee to the Turkish lira. Rajan, a former chief economist at the IMF, called for greater cooperation among policy makers weeks before finance chiefs from the world’s top developed & emerging markets gather in Sydney. The Fed’s Jan. 29 statement made no mention of developing economies. “International monetary cooperation has broken down,” Rajan, 50, said yesterday in an interview in Mumbai with Bloomberg TV India, noting how emerging markets helped pull the global economy out of crisis starting in late 2008. “Industrial countries have to play a part in restoring that, and they can’t at this point wash their hands off and say we’ll do what we need to and you do the adjustment.” “We need better cooperation and unfortunately that’s not been forthcoming so far.”    http://www.bloomberg.com/news/2014-01-30/rajan-warns-of-global-policy-breakdown-as-emerging-markets-slide.html

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