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Everything posted by BlackPepper

  1. JPMorgan takes $2b hit on failed hedging ===================== It's all over the media JPMorgan takes $2b hit on failed hedging Looks like our stock markets are going to reflect this today. I am curious to how JPM managed to get in this pickle? PMorgan Chase, the largest bank in the US, has lost $US2 billion ($1.99 billion) in a failed hedging strategy, a disclosure that hit financial stocks and the reputation of the bank and its prominent CEO, Jamie Dimon. The bank's shares fell 5 per cent after the closing bell, and other financial shares also fell sharply. Citigroup was down 2.4 per cent and Bank of America was down 1.7 per cent. ‘‘The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought,’’ Mr Dimon told reporters. ‘‘There were many errors, sloppiness and bad judgment.’’ Read more: http://www.smh.com.au/business/world-business/jpmorgan-takes-2b-hit-on-failed-hedging-20120511-1ygcr.html#ixzz1uVwIT9WR
  2. BlackPepper

    The U.K. Is Not O.K.

    What you wanker preacher mate can put shit on me because I use words outside your old bag language? give me a break the preacher is a biggot.
  3. Settle down? nah lets hope a nice drought and mad cow comes to visit for the crimes your land has done
  4. BlackPepper

    The U.K. Is Not O.K.

    I think personally you are delusional full of crap, and demonstrate little knowledge outside your religious fantasy other than personal gain. Try again dear preacher, you think my poor command of the old bag language qualifies wankers/biggots like you to judge me? Oh dear are you judging me?
  5. BlackPepper

    UK House prices: News & Views

    how rude! to suck foreign investors to buy poor property investments to prop up values? How sad you are to encourage foreign funds to support your failing real estate market to prop up values. What scum you are! What morals do you have? UK is a shithole full of bastards I hope Europe drags you scumbags into reality!
  6. yeah take opportunity............make the poor, poorer, if I ever have the opportunity, with my beef exports charge you 10 times more for ripping off the world for your banking rip offs. You think we give a shit about your old maid Queen and your idiot games we don't. Australian's the original penal colony say this " WE ARE BETTER THAN YOU" and you can shove your wanker monarchy up your ass! If I have offended some here I don't care. I am the voice for many here!
  7. BlackPepper

    The U.K. Is Not O.K.

    UK, why would anyone want to be there? I am a UK citizen by birth, even have a UK passport! Over priced dumps, in a climate that really sux. Shitty little land grabs in a shitty climate. Yet it amazes me why so many want to secure a pathetic little piece of real estate to be a slave to some lender for 25 years of their life.
  8. BlackPepper

    Britain may raid Ecuador's embassy

    You guys are wankers long live my countryman Julian! Smelly poms god save the queers can go to hell and shove it where the sun shines! I hope u get it where it hurts yeah set a new world precedence u smelly poms.
  9. BlackPepper

    UK House prices: News & Views

    Pfft' the last horrah of the last easy credit orgy. Cannot imagine anyone with half of brain scrambling for some toxIc UK crap real estate?
  10. BlackPepper

    Jim Sinclair thread (News & Views)

    Perhaps QE3 next weekend?
  11. Just read this story about human body parts connect to a company in Florida. Apparently it is big business, and some human parts are used to make wrinkle creams. The seized documents suggested that the remains of dead Ukrainians were destined for a factory in Germany belonging to the subsidiary of a US medical products company, Florida-based RTI Biologics. RTI is one of a growing industry of companies that make profits by turning mortal remains into everything from dental implants to bladder slings to wrinkle cures. The industry has flourished even as its practices have roused concerns about how tissues are obtained and how well grieving families and transplant patients are informed about the realities and risks of the business. In the US alone, the biggest market and the biggest supplier, an estimated two million products derived from human tissue are sold each year, a figure that has doubled over the past decade. Read more: http://www.smh.com.au/opinion/political-news/human-corpses-harvested-in-multimilliondollar-trade-20120717-2278v.html#ixzz20qxAUIkT
  12. yes, I will bite, baseball what is that? Some wankers gathering in ladies pants chasing bases, whilst your banks rip off the world? You want us to rise up and be happy? Your America sux.
  13. US President Barack Obama's health care reform has survived the Supreme Court challenge in a five – four decision written by the Chief Justice John Roberts, recasting the coming election from a referendum over the economy into a choice between parties for and against the new laws. Read more: http://www.smh.com.au/world/a-victory-for-people-all-over-this-country-obamas-health-reforms-pass-high-court-20120629-21631.html#ixzz1z8Alavev
  14. BlackPepper


    Speculation......how much are you prepared to lose? Bets on capital gains hahahah
  15. BlackPepper

    Greece to leave Euro... Eventually

    time to exit and come here (Australia)
  16. Jake the ladies here "gold cheer leaders" so certain of capital gains beyond some stupid forecasts so far that has not even come near based on some idea of hyper-inflation and some printing chaos, (QE3 which never came) and it seems that Mr Helicopter wants no more printing, and Mister US Dollar is king again. You have to ask these if these ladies gold lovers addicted to the precious have not an agenda? I have posted enough and even supplied evidence where I am; und Gold-Bergbau ist zu teuer, ja, es wird gefickt und nicht mehr, aber wo ich bin ist http://www.newcrest.com.au/
  17. BlackPepper


    nothing compared to NSW south coast with white sands and clear water with waves you can surf and fish http://www.fishingmonthly.com.au/Articles/Display/8552-Estuaries-thaw-out http://www.barramundifishingblog.com/ you can have clean air http://www.google.com.au/search?q=byron+bay&hl=en&prmd=imvns&source=lnms&tbm=isch&ei=6uG4T-WJMaydiAekoKDyCA&sa=X&oi=mode_link&ct=mode&cd=2&ved=0CHUQ_AUoAQ&biw=1600&bih=7
  18. BlackPepper


    Perhaps an exit strategy.......... Worries about Europe are pushing people to the dollar,” Frank McGhee, the head dealer at Integrated Brokerage Services in Chicago, said in a telephone interview. “Gold will continue to grind down.” Advertisement: Story continues below Gold futures for June delivery declined 1.5 per cent to settle at $US1561 an ounce on the Comex in New York. Earlier, prices touched $US1555, the lowest since Dec. 30. The metal ended 2011 up 10 per cent at $US1566.80. Prices may slump to $US1,520 within the next few trading sessions, McGhee said. Bullion for immediate delivery dropped as much as 1.4 per cent to $US1556.52. It ended 2011 at $US1563.70 Read more: http://www.smh.com.au/business/markets/gold-erases-years-gains-20120515-1ynlk.html#ixzz1ut5RBgRA
  19. Perhaps in your utopia, where no one takes responsibility through clever legal separation of words, divides parallels to define angles of litigations to define title as protection. Yes who cares you can argue all day about total BS that really helps no one but your political definition, fact is which is so obvious, opportunity has decided to market fat phuks.
  20. BlackPepper

    UK House prices: News & Views

    I think there is nothing that will prop up the property/asset market in the UK much longer, beyond the Olympic games. A delayed delusion perhaps, but we are pricing falls of above 20 percent after August 2012 and who knows. Something else to consider IT is sourced cheaper within Asia with performance results that exceeds. Above that holding costs that effects nett returns make the UK look very unattractive, and currency without merit and tax systems that reward slackers. To add which is more important, service industry is to costly, and performance poor. Technology no longer limits location.
  21. With the recent JPM failed bet on a recovery is evident things are going to crap. And regardless of all the QE speculation, it appears printing is off the table, and deflation is God.
  22. BlackPepper

    JPMorgan takes $2b hit on failed hedging

    Two billion dollars; how does one envision 2 billion dollars? It's not like some small write off! Who loses and who wears the responsibility?
  23. BlackPepper


    "Capital is going to where it's safe, and it hasn't been safe in gold," Frank Lesh, a trader at FuturePath Trading in Chicago, said in a telephone interview. "Currency markets tend to rule in commodities, and right now the (US) dollar is king." Gold futures for June delivery slid 0.6 per cent to settle at $US1594.20 an ounce on the Comex in New York. Earlier, the metal touched $US1578.50, the lowest since Jan. 3. Gold is trending downwards, and I do not think this time QE3 will have the same impact as previous. Speculative investing appears to be on the nose. I say this because the investors I deal with want guaranteed returns in lower risk assets. Read more: http://www.smh.com.au/business/markets/gold-drops-to-fourmonth-low-20120510-1ydsr.html#ixzz1uPmGwuOc
  24. BlackPepper


    Gold’s weakness was exacerbated by “another one of those tsunamis of selling,” says John Howlett, division vice president with Mitsubishi International. “Supposedly upwards of 14,000 lots of gold were sold in the 5 minutes from 8:20 to 8:25 the above is a comment from zerohedge. Interesting the volume being suddenly sold off.
  25. BlackPepper


    Yes certainly, and gold did perform very well indeed, but perhaps that "time frame" of speculative capital gains has left the building as per buy and hold. After all hoarding prevents opportunity for others.