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cgnao

WED JUL 8 18:46:08 UTC 2015

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http://www.zerohedge...efault-possible

Collapse Of The Western Financial System Looms As A "Strategic" Russian Default Is Possible

 

 

http://www.zerohedge.com/news/2015-10-27/why-russian-default-very-real-scenario-2016

 

Why A Russian Default Is A Very Real Scenario In 2016

 

Russia is completely unafraid of a default on its debt.

 

if Russia does default, what does it mean in terms of its political relationship with the West?

 

Nothing.

But what does it mean to its creditors?

Everything.

They’re the ones who will take the hit. And by the way, to anyone who thinks they will be able to enforce their nation’s debt laws on the Russian government or any Russian companies, I have this to say: I wish you the best of luck.....

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http://www.zerohedge.com/news/2015-10-28/one-trader-loses-it-over-draghi-and-yellens-lies

 

One Trader Loses It Over Draghi And Yellen's Lies

 

.... the longer the High Church of Central Bankerdom denies and ignores the raw political impact of their actions,the more likely it is that we will have a structural political accident that will destroy every bit of the debt maintenance and wealth creation that the High Church has labored so hard to build. I think we’re getting very close to that sort of political accident.

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http://www.zerohedge.com/news/2015-10-28/one-trader-loses-it-over-draghi-and-yellens-lies

 

One Trader Loses It Over Draghi And Yellen's Lies

 

.... the longer the High Church of Central Bankerdom denies and ignores the raw political impact of their actions,the more likely it is that we will have a structural political accident that will destroy every bit of the debt maintenance and wealth creation that the High Church has labored so hard to build. I think we’re getting very close to that sort of political accident.

Fun, isn't it.....

 

And what is this "political accident" he speaks of....

Well, imho, it looks something like this:

 

https://www.youtube.com/results?search_query=9.8.2011+riot

 

https://www.youtube.com/results?search_query=ferguson+riot

 

Although, for many people, none of this stuff is "real" yet.

including, it seems, Ben Hunt.

 

 

 

In fact, neither the central bankers nor the media even pretend any more that extraordinary monetary policy has any sort of material impact on the real economy, which I suppose is actually progress on the authenticity scale in a perverse sort of way.

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http://www.zerohedge.com/news/2015-11-02/somebody-will-do-something-stupid

 

"Somebody Will Do Something Stupid"

 

Is it just me, or does it seem like we are moving inexorably towards a global confrontation?

 

There are a multitude of fuses affixed to dozens of powderkegs and little kids with matches are on the loose.

 

It could happen at any time. One military miscue. One assassination. One violent act that stirs the world.And the dominoes will topple, setting off fireworks not seen on this planet since 1939 – 1945. I can see it all very clearly.

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http://www.zerohedge.com/news/2015-11-02/somebody-will-do-something-stupid

 

"Somebody Will Do Something Stupid"

 

Is it just me, or does it seem like we are moving inexorably towards a global confrontation?

 

There are[/size] a multitude of fuses affixed to dozens of powderkegs and little kids with matches are on the loose.[/size]

 

It could happen at any time. One military miscue. One assassination. One violent act that stirs the world.[/size]And the dominoes will topple, setting off fireworks not seen on this planet since 1939 – 1945. I can see it all very clearly.

They are more like barrels of TNT than volatile powderkegs.

 

The "pressure" is rising, but it's not some "accident" like those who would have you fighting on the front line for them will tell you, the transition to total war doesn't happen "by accident".

It's a calm(ish), rational judgement by powerful individuals that perceive J6P as little more than statistics.

 

The kind that fire 3/4 of the workforce because they don't like the way the old director ran things.

 

That judgement is based on:

A high probability of success - unbalanced military power.

Good "home" support for the aggressor, but a weak "home" economy. - Military service is "the only option that will pay".

Ambition - the side with the military advantage has desires of empire.

Incompetence - a broad lack of competence/trustworthiness in the general leadership in the global economy.

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There is evil in the world, and it is in full control of Zionist overlords, who are driving us towards war.

 

It is a long-revealed script that can be read in the bible. The Zionist push it, and some very unintelligent Christians have been enlisted in this evil plot

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ZCZC CGNAOGLD2 ALL

TTAA00 KNHC DDHHMM

NWS TPC/CGNAO

WED JUL 8 18:46:08 UTC 2015:

 

GREATEST FINANCIAL CRASH IN RECORDED HUMAN HISTORY IS IMMINENT

5 or 6 months in and nothing much of note....

 

Where's this big event. My popcorn has gone stale.

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FWIW, Clif High is saying it starts 3rd week this month (+/- something or other) and goes into Dec, next month before we get a plateau

His timing sucks something awful but a lot of his forecasts are coming in lately

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"Devastated" Trader Crushed By Soaring Biotech, Starts Online Begging Campaign To Fund $106,000 Margin Call http://www.zerohedge.com/news/2015-11-19/devastated-trader-crushed-soaring-biotech-starts-onling-begging-campaign-fund-106000

 

 

Martin Shkreli has donated $5 to Joe Campbell's "Fund My Margin Call" campaign https://www.gofundme.com/jwctrek

 

 

 

He's not doing that badly

 

$2,341 of $5,000

Raised by 87 people in 14 hours

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That guy's an idiot!

 

I have a fairly small account, but its over PDT. As of this morning it was $37,000. I keep it small because I wanted to manage risk, the most I can afford to lose is what I have in the account .... $37,000. When I get some profits I take them out of the account because I wouldn't want to lose more than $37k.

I was holding KBIO short overnight for what I thought was a nice $2.00 fade coming. At the close of the bell I saw the quote montage clear out and figured today there was no action after hours in the stock. So I went to my office for a long meeting. I got out of the meeting and saw a message from one of my buddys, he asked if I was ok since I was short KBIO....my heart dropped. "Shoot did I blow up my account, everything I worked for? I don't want to lose all $37,000 that would be terrible." ---It was much worse.

The stock was at $16 and my account was negative over 100k. I figured it was a mistake, Etrade would never let that happen, they must have cut the position when my account got to $0....nope. I immediately called them and they confirmed I still owned all the shares. He says that it got out of hand too fast for them to cover me, he says that all he can do right now is cover. I was devistated. I asked him to cover at $16 and he waited trying to find me a good exit. I told him to do it asap and the fill was around $18.50 avg.

At the moment not only is my $37k gone, but I now owe ETrade the negative balance of over $106k. I always knew I could blow up an account and I was financially able to "afford" to lose the $37k. Never in my wildest dreams did I imagine that Etrade would NOT have some sort of stop or circuit breaker in place that would automatically cut a position if the account went to $0.....how could they ever let it get to -$144k loss on a account that small!

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http://www.zerohedge.com/news/2015-12-12/eerie-echo-2007-it-really-bear-stearns-all-over-again

 

The Eerie Echo Of 2007: It Really Is Bear Stearns, All Over Again

 

in a supreme twist of irony, Bear Stearns is back - maybe not the firm itself - but the people who were in charge of its distressed and junk bond trading group, and just like the summer of 2007, it is an ex "Bear"-run hedge fund that was the first to gate, just as the credit cycle is turning and the default cycle has begun, as we explained last week, just one day before everyone's attention finally focused on junk debt with Third Avenue's gating.

 

what was Stone Capital invested in, how will its "gating" impact the market, and what is the most immediate contagion pathway.

For the answer, keep your eyes open on Puerto Rico, where Stone Capital was a rather aggressive hedge fund investor in in the past year.

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http://www.silverdoctors.com/this-is-what-a-financial-crisis-looks-like/

 

This Is What A Financial Crisis Looks Like

 

Within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. We are witnessing a race for the exits unlike anything that we have seen since the great financial crash of 2008, and many of those that choose to hesitate are going to end up getting totally wiped out. In case you are wondering, this is what a financial crisis looks like.

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http://www.silverdoctors.com/this-is-what-a-financial-crisis-looks-like/

 

This Is What A Financial Crisis Looks Like

 

Within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. We are witnessing a race for the exits unlike anything that we have seen since the great financial crash of 2008, and many of those that choose to hesitate are going to end up getting totally wiped out. In case you are wondering, this is what a financial crisis looks like.

Lucidus Capital Partners

Total fund size 900million

Third Avenue Management

789 million

Stone Lion Capital Partners

400 million

 

Those aren't losses. It's the total size of the funds.

Losses will probably be in the order of a couple of nice manhatten apartments.

 

The total size of those funds is probably less than apple corp has lost in market cap in the last 6 months.

 

So I'd rate this story as a mildly interesting example of how not to run a fund. Over before it even made the news.

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"Devastated" Trader Crushed By Soaring Biotech, Starts Online Begging Campaign To Fund $106,000 Margin Call http://www.zerohedge.com/news/2015-11-19/devastated-trader-crushed-soaring-biotech-starts-onling-begging-campaign-fund-106000 …

 

 

Martin Shkreli has donated $5 to Joe Campbell's "Fund My Margin Call" campaign https://www.gofundme.com/jwctrek

 

 

 

He's not doing that badly

 

$2,341 of $5,000

Raised by 87 people in 14 hours

 

 

http://www.zerohedge.com/news/2015-12-23/devastated-short-who-launched-online-begging-campaign-fund-margin-call-was-right-kal

 

"Devastated" Short Who Launched Online Begging Campaign To Fund Margin Call Was Right: KaloBios Disintegrates

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