Another TGRR prophecy comes true.

[Cardinal Pizza Deliverance.]

Hey, guys?

Hold onto your ass.

I really hate it when you're right all the time and I haven't yet built up a sufficient supply of toilet paper and matches.

[Doktor Howl]

Just got an email from my buddy Werner, one of our financial geeks in Germany.

Seems the German banks aren't happy at all about our congress refusing to do anything about this:

http://prospect.org/article/wall-streets-regulatory-rapture

And they're about to do something about it.

[Anna Mae Bollocks]

Not much ass left to hold on to.

[Doktor Howl]

Cain, you hearing any buzz about this?  Werner's been wrong before, but he IS the guy that told me to get the fuck out of the market in late 2006.

[Forsooth]

Just got an email from my buddy Werner, one of our financial geeks in Germany.

Seems the German banks aren't happy at all about our congress refusing to do anything about this:

http://prospect.org/article/wall-streets-regulatory-rapture

And they're about to do something about it.

Link wont load for me. The error message mentions too many connections, so maybe it's a server bandwidth thin

I am on my phone though.

[Doktor Howl]

Just got an email from my buddy Werner, one of our financial geeks in Germany.

Seems the German banks aren't happy at all about our congress refusing to do anything about this:

http://prospect.org/article/wall-streets-regulatory-rapture

And they're about to do something about it.

Link wont load for me. The error message mentions too many connections, so maybe it's a server bandwidth thing

Works fine for me, though a tad slow.

[Doktor Howl]

The Commodity Futures Trading Commission (CFTC) will make official a Wall Street victory today when it announces softened regulation on derivatives trading. After pressure from bank lobbyists, a rule that would have increased competition in the market for derivatives—financial products that derive their value from an underlying asset—could now empower a few big financial institutions to rule that risky space. Ninety percent of the now $700 billion derivatives market that nearly brought down AIG and helped cause the 2008 financial crisis is currently controlled by the five biggest banks, yet derivatives are still traded in largely unregulated shadow markets.

While a provision in the Dodd-Frank financial-reform law was designed to force derivatives onto regulatory platforms resembling public exchanges, implementation was left to the CFTC. Today's approval of the rule helps fulfill that duty, but opponents worry it leaves flexibility for big banks—who held more than 80 meetings with CFTC members over the past 3 years—to return to their "old, opaque way of doing business," according to Marcus Stanley, policy director of Americans for Financial Reform. "If flexibility means it's more beneficial to the banks, so be it," says CFTC member Mark Wetjen. "But it also means it's more flexible to all market participants and the marketplace as a whole."

[Cardinal Pizza Deliverance.]

Link worked fine for me, FYI. Hooray for 'old, opaque ways of doing business'. 

[Forsooth]

hopefully Germany's announcement is along the lines of, 'Yes, it'd be nice if the global market didn't crash again due to retarded loan practices, but your new regs just make you flexible enough to keep your money while still fucking the littleman in the ass. Stop that.'

[Cain]

Cain, you hearing any buzz about this?  Werner's been wrong before, but he IS the guy that told me to get the fuck out of the market in late 2006.

Bits and pieces.  My German is rusty, though, and I dont trust German banks whining about regulatory capture.  What worries them is their share of the regulatory capture, would be my suspicion.

Which may amount to the same thing when looking at their initial actions.

As far as I can see internationally, the following is happening:

Shinzo Abe caused the Japanese markets to collectively shit themselves.  Somehow.  No-one's quite sure how, which means no-one knows how to read the 7% drop in the Nikkei, especially in light of its recent, extraordinary growth (about 45% overall in the past 5 months).  Ambrose Evans-Pritchard is getting apocalyptic however, which is rarely a good sign.

The Fed is stopping QE.  This has investors worried as hell, because the Fed cannot control rates when investors start dumping bonds.  Mortgage rates are rising as a consequence of the Fed's statement, which is harming the US "housing recovery", such as it is.  However, the Fed is committed to this course of action due to the mostly illusionary "recovery" which it commits itself to seeing in the data. 

Europe is a fucking mess, part eleventy gajillion of a never ending series of suck and fail.

Obama is trying to finalize the TPP and USA-EU trade deals, both of which will tie the US economy even more closely with European and Pacific happenings.

[Doktor Howl]

Cain, you hearing any buzz about this?  Werner's been wrong before, but he IS the guy that told me to get the fuck out of the market in late 2006.

Bits and pieces.  My German is rusty, though, and I dont trust German banks whining about regulatory capture.  What worries them is their share of the regulatory capture, would be my suspicion.

Which may amount to the same thing when looking at their initial actions.

As far as I can see internationally, the following is happening:

Shinzo Abe caused the Japanese markets to collectively shit themselves.  Somehow.  No-one's quite sure how, which means no-one knows how to read the 7% drop in the Nikkei, especially in light of its recent, extraordinary growth (about 45% overall in the past 5 months).  Ambrose Evans-Pritchard is getting apocalyptic however, which is rarely a good sign.

The Fed is stopping QE.  This has investors worried as hell, because the Fed cannot control rates when investors start dumping bonds.  Mortgage rates are rising as a consequence of the Fed's statement, which is harming the US "housing recovery", such as it is.  However, the Fed is committed to this course of action due to the mostly illusionary "recovery" which it commits itself to seeing in the data. 

Europe is a fucking mess, part eleventy gajillion of a never ending series of suck and fail.

Obama is trying to finalize the TPP and USA-EU trade deals, both of which will tie the US economy even more closely with European and Pacific happenings.

Hello, Mr Neck.  I'm Mr Anchor.

[Doktor Howl]

I am bumping this thread, and RE-prophecizing that the next, bigger crash will happen before the new year.  Probably in November.

The problems will be:

1.  Same banking fuckery as 2008, only BIGGER,
2.  Brexit fucking 6% of the world's trade in less than one minute, and
3.  Idiot protectionist nationalists try to keep above water by slapping more and more trade restrictions down.

[Fujikoma]

Yeeah, time is dwindling, the signs are clear.

[Bruno]

If it's gonna happen, better sooner than later, especially if it's before the 2020 election

[Cain]

Yup. 2008 was all about buying time by putting bandages on deep, systemic problems.

The bandages got ripped off and everyone ignored the problems. Throw in Brexit, trade wars and whatever may happen in the Middle East and there are problems.