ty B
and all dat shit still going on in CA 'cause now it is a "request" that you contiue to wear 'em
The Big Question on Wall Street Is Which Banks Owe $41 Billion on Credit Default Swaps on Russia
There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt. There is likely many billions more in unknown amounts. There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt.
In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more and more likely) sitting on the balance sheets of foreign banks. Put it all together and you have the makings of a replay of the 2008 banking crisis when banks backed away from lending to each other because they didn’t know who would fall next from toxic subprime exposure. The cost of buying a five-year Credit Default Swap on Russian debt has spiked from 5 percent of the total value of the debt in early February to 46 percent last Friday to 58 percent this morning. The market has now priced in an 80 percent likelihood of default.
Russia’s debt was downgraded to junk status on February 25 by Standard and Poor’s. On March 3, Moody’s and Fitch downgraded the debt by six notches, also placing it in junk territory. Reuters reported on February 28 that Citigroup has $10 billion in exposure to Russian loans and various other types of Russian exposure. Given Citigroup’s history of understating its subprime exposure during the financial crisis of 2008, that $10 billion may not be the whole story. On February 1, Citigroup closed the trading day at $66.56. It closed last Friday at $56.59 – a decline of 15 percent. Citigroup’s commercial bank, Citibank, also has a significant commercial banking presence in Russia. Its website reports that it is “a key banking partner for about 3000 corporate clients including more than 600 global subsidiaries (virtually all of 500 Fortune companies), leading Russian companies and mid-sized clientele.” Its website notes further that it has branches servicing approximately 500,000 individual customers in 10 major cities in Russia, including: Moscow, St. Petersburg, Yekaterinburg, Nizhny Novgorod, Samara, Sochi, Rostov-on-Don, Volgograd, Ufa and Kazan. Its operations center is located in Ryazan. The bank’s Russian website lists the following services to Russian clients: “…cash management, trade finance, investment banking, corporate finance, lending, FX [foreign exchange] and hedging services, securities services, issuer services and retail banking solutions, including wealth management, credit cards and personal loans.”
Interestingly, while a growing stream of famous brands like Hermes, Cartier, Nike, Apple, Ikea, Ford, Toyota, Disney, British Petroleum, Shell, ExxonMobil, FedEx, UPS, American Express, Mastercard and Visa (and numerous others) have announced they are closing stores, suspending services, or halting shipments to Russia – Citibank has made no announcement of closing its branches in Russia. One of the largest foreign banks in Russia is Austria’s Raiffeisenbank (shown under the symbol RAIFY on the above chart). It closed at $7.35 on February 2, 2022 versus $3.20 last Friday – a decline of 56 percent in a little over a month’s time. Raiffeisenbank notes on its Russian website that it is “one of 13 systemically important banks in Russia,” that it ranks number 10 by assets and number 8 by the number of retail customers. Its regional network in Russia includes five branches and 116 outlets.
https://wallstreetonparade.com/2022/03/the-big-question-on-wall-street-is-which-banks-owe-41-billion-on-credit-default-swaps-on-russia/
Cap#2 O.C.C. Credit Derivative Contracts Held for Trading Q3 2021
Give ya one guess of who this is....hint it is not BofA casue they are fucked with the Ag leases and Goldman doesn't habs enough "assets" to have that much exposure here.
Most likely our "frens" at JP Morgan or perhabs Shitibank but since JP Morgan has moar 'assets' listed it is almost certainly them.
If it is NOT a US bank then Deutche Bank is it
Remember JP Morgan got caught shorting the EURO bond Mkt in 2011 and the response to receiving a margin call for that was for Jamie Dimon to say "give it to them"
That "them" was MF Global...
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2021.pdf
Ag/Au divergence
'zactly as predicted almost 10 days ago.
The central banks habs most of the gold but very little, if any, Silver.
Will update the COMEX EFP cash for trash program later as those come out soon.
>>129274 pb Total Cash Payments for week of Feb 27th on COMEX Ag contracts: $2.45B
Au +19.30 +0.98%
Ag -0.15 -0.58%
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
a n'bor sent kids to school everyday during this shit w/o masks so it made the school have to give them to them
I 'splained wut could possibly in those masks they were given (standard paper ones) and they had cloth ones the day next of own.
So it werkin' to talk to em
SAM510 USAF G5 inbound to JBA from Shannon, Ireland ground stop/refuel
Departed Krakow, Poland and stopped at , you guessed it-Rzesow Airport before heading to Shannon
BROLLY1 USAF E-3TF Sentry AWACS just south of DC heading ne-not hanging around either-over 500kts ground speed and from TInker AFB
don't hate dhem-just all sounds the same to me
I likes stuff you prolly don't like too so all relative
Plus almost gettin' killed-literally-because of tickets I sold to someone and they were pissed the concert lasted a little over 60 minutes.
Totally muh fault right?
may habs told you that one already
I will always remember this though:
We sometimes would line up overnight to buy tickets (after muh connection lost job) spend night-camping gear..the whole enchilada and one time it was for Bowie and Eric Clapton tix so many others doing same.
Two guys in front of us-we were second in line and I casually asked "bowie or clapton?" and the response back?
Milli Vanilli..
Were about 75 others doing same thing and all at once went GTFO!!!!!
kek
Dhey were so embarrassed they left so I got 2nd row Clapton tix (kept for self of course) dis was tour he had Mark Knopfler as a 'backup'-top 5 shows ever seen't.
Market Report-da close and some Biz related headlines
Won't bore you with a lot of techy stuffs but Janet did NOT show up today (PPT)-see cap#5 so today did mucho chart damage that will likely be followed through on tomorrow. The big chunks last week just before Yerp closed helped keep it from being where it is now because all that did was stall it and kept from falling further-essentially neutral to slightly down after the 'button' pushed.
Volume on NAS was higher-highlighted on chart and focusing on dhat 'cause it has way moar hot-air in it than the others. Heavy selling in to the close-black line.
Closing Au over $2000 ain't gonna help them perception-wise but does help the central banks cause they own the majority of it.
Current Ask on Au is $2000.90.
Ag is $25.78-see below for COMEX action-this is totally being missed by many because the $2.45B in 5 days last week is not a small amount considering how thinly traded it is
The divergence in Ag and Au already mentioned here
Look for a BIG smack down tomorrow if they have any intent on trying to lower the price of Ag for the weekly print-it is way over the 200DMA and by now most (smart) tech traders have closed out shorts and have slowly been laying on longs. They not gonna be habby if it gets smacked hard tomorrow.
They have not updated the daily COMEX #'s and have usually done the daily activity for each day by nao-they probably trying ta figure out how they can NOT show the continuing Cash for Trash (paper contracts) i.e. the Bank of America/JP Morgan leasing shit.
Oil: what you seeing in todays chart are two things shorts covering (INSANE to be shorting oil now but when you have large positions it's not easy-think turning an aircraft carrier around) and the ones who missed the boat from last weekend loading up on the open-NEVER BUY THE OPEN OF ANYTHING-THAT IS AMATEUR HOUR.
Moar on Oil
Not All Oil Is Equal: Why Banning Russia’s Crude Is Risky
One of the many misunderstood parts of the oil market is that not all oil is the same, and replacing Russian exports would require a very specific type of supply. Currently, the options being talked about in the media as replacements are Iran, Venezuela, and U.S. shale, all of which present their own difficulties. Russian oil exports account for 8 percent of global supply. Exports to the United States are mostly fuel: according to data from the American Fuel and Petrochemical Manufacturers association, last year the U.S. imported some 209,000 bpd of Russian crude but 500,000 bpd of refined products.
maor
https://oilprice.com/Energy/Energy-General/Not-All-Oil-Is-Equal-Why-Banning-Russias-Crude-Is-Risky.html
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://finance.yahoo.com/quote/%5EIXIC
here how ya know JP Morgan is the one with all the CDS exposure to Russia
JPMorgan Removes Russian Bonds From All of Its Fixed-Income Indexes
https://www.bloomberg.com/news/articles/2022-03-07/jpmorgan-removes-russian-bonds-from-all-its-fixed-income-indexes
They want them to crash so they can be paid on the CDS products...but they don't want roubles....VP fucked them good on that one and couldn't habben to a better multiple felon CEO than "Jamie"
World Bank approves $723m financial package
The World Bank has approved $723m (£551m) in loans and grants for Ukraine, as the country fights against a Russian invasion. The bank said it is continuing to work on another $3bn package of support in the coming months for the country.
It also promised extra help for neighbouring countries that are taking in more than 1.7m refugees, which are mostly women, children and the elderly. The financial package for Ukraine includes a $100m pledge from the UK. "The World Bank Group is taking quick action to support Ukraine and its people in the face of the violence and extreme disruption caused by the Russian invasion," the bank's president David Malpass said in a statement. The bank said the funds would help Ukraine's government provide critical services, including wages for hospital workers, pensions for the elderly and social programmes for the vulnerable. The package includes a $350m loan, augmented by about $139m through guarantees from the Netherlands and Sweden.
It also made up of $134m in grants from Britain, Denmark, Latvia, Lithuania and Iceland, as well as $100m of financing from Japan. Last week, Mr Malpass told the BBC that the war was "a catastrophe" for the world which will cut global economic growth. "The war in Ukraine comes at a bad time for the world because inflation was already rising," he said. He stressed that his biggest concern was "about the pure human loss of lives".
https://www.bbc.com/news/business-60657127
This douche penned his now infamous article at the top of the last market bubble
from August 7th 2007
Don't Panic About the Credit Market
By David Malpass
https://www.wsj.com/articles/SB118645120890190059
Bear Stearns: Its Collapse and Bailout
https://www.thebalance.com/bearn-stearns-collapse-and-bailout-3305613
certainly capable and a mystery why they habs not by nao
way better than the two that just want to cause trouble and use it as an ego trip.
If you get new noteys you can always send them here for a quieter notsomuch in public discussion-habby to help with that.
just having convos-someone asked
>pf ober dhere
probably not
not while it's fuck up central with the ego crew.
You know 'zactly who imma talking about.
They have already walked over enough of it before cause they know who is posting so I'd rather provide it in a place that cares about the information moar than who produces it.
the one who connects post #'s to SAM flights does a decent job with the ACs and sometimes provides where they come from but rarely where they have been (this is key for context)-why I know who is on most of them and articles posted with almost all cause it doesn't do much good saying "this AC is here" if there is no context as to who may be on them.
However it is flawed because SAMs never use moar than 3 diggies on them so you'll never get past post #999 on that.
I know who uses what AC tail # for the most part so it's quite simple-that comes with experience and putting in the hours
Using squawks is better because that is 4 diggies-the RCH C-17s use 4 diggies on occasion with the call signs but I have never looked those up-I am not a big fan of that.
had to do janet and da jets next door
financial humor is not the easiest to do or even get for most
but I try.
If I see the emergency one or coms squawks that is relevant to use but after that it's sorta wild-ass guessing and highly speculative-moar reaching imo.
I highly doubt an active, busy pilot and crew is gonna have the time for that
The ANON ones however is a different story.
Those are done on purpose (amd so many in muh backyard too-they know
I got a wing wave(s) from 2 F-35s about two weeks ago and not the first time either.
night...going too.
ttyitm
also had two ospreys circle muh house at 200ft
That was about 2 years ago mebby longer.
they never fly that pattern, the way dhey were going..did dhat 3-4 x turned around and went back the other way.
Was outside at time wif doggo and saw them coming sayin "WTF dis all about" and they did that-creamed muh jeans bro.
so they really did "fly over muh house!"
Had a pepe flag on da roof weighed down by rocks so you couldn't miss that from above.
It finally blew off during a storm and did not replace
Blast off in Au and Au
That is moar like it and finally does what it shoulda done when the Ukraine show started.
Au +48.60 +2.43%
Ag +1.05 +4.07%
Losing control of Ag nao....weekly print comes @1:30EST
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
Before sunset look at Yerp
The odd additional AC but been moar or less the same nao
Romania
RAF RRR7222 Rivet Joint on the track
NCHO220 USAF DC-10 extender doin refueling runs at 20250kt ft
DUKE60 and 28 US Army Beech Super King Air nw from Constanta
RCH835 USAF C-5 Galaxy se from Spangdahlem AB
Poland
REDEYE6 USAF E-8C Joint Stars and NATO01 E-3TF Sentry AWACS trackin' over eastern Poland
High Level Belgian AF BAF77 Falcon 7X west from Warsaw
Dutch AF MMF19 and 20 A330 tankers back to central Poland runs-were a little further south yesterday
Polish AF PLF130 737 west from Rzesow Airport
Central Yerp
Czech AF SMGLR21 C-295 Persuader east from Prague
Italian AF 3122 Falcon 50 ne from Rome with IAM1445 767 tanker north from Pisa
Swiss AF SUI523 Pilatus PC-24 se from Bern-always pays to watch those sneaky "neutral" Swiss
Update on COMEX Silver cash for trash payments: $495.43m- March 7th
They finally updated these numbers for March 7th activity-way later than normal-almost as if they know they are being watched....kek.
No one seeing this ftmp...$3B is not a huge amount in this market cause you all saw what they did on Feb 24th
>>128098 lb Mkt Fag submits proof of rigging: $25.25B in Silver "traded" on the COMEX on February 24th
But it is a YUGE amount for settling for cash process.
Here is what was done with the EFP 'process' yesterday-March 4
*An exchange for physical trade (EFP) is a privately negotiated and simultaneous exchange of a futures position for a cash position.
120 contracts for March and 3.738 for May for a total of 3,848 contracts which equates to another 19,240,000/ozs of Ag.
Take $25.75 as input price (middle) and the gives you $495,430,000 in cash delivered for those contracts.
Just under $3B in 6 days of this so far
They are panicking cause they have to generate cash to pay off the leases.
https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458
dunno wut you talkin' about or what any of dhat is
kek
When it gets to and holds over $30 is when the fun begins
Just a round # but the normies will finally see it but it will be too late to get any in size
Delivery times will be ridiculous-seeing $15 premiums for Libertys (buy) and the local is paying $7 over spot
Add in the Bank of America stuff-and they had to got to COMEX to start buying contracts to generate cash because those leases are not reflected in any of COMEX as it's all OTC derivative crap so those 80m ozs are are not part of any COMEX transactions.
But the cash they need is generated from that
They are SO fucked but will be bailed out...already habbening in a stealth way via that cash for trash process
The same way the FRBNY bailed out the money market funds with the reverse repo process-they knew that an overt bailout never gonna pass so they did that already
Stopped counting after $70T cause at that point...
>1000:1
that about right but prolly moar
The ones buying the 100oz bars nao-if you an even get them-are not doing themselves any favors
Was certainly good to do when it was cheaper but who gonna buy that when it blows up?
Need smaller sizes and fractionals/junk the way to go.
The locals don't wanna take the risk with anything over 10oz bars-this can also be applied to gold in anything over about 5oz at this point
dis for the fedbois
try all you want
laughing at you
not gonna work
>pings
Biden To Ban Russian Oil Imports Over Ukraine War
Joe Biden is ~~expected to ban~~ announced a US ban on Russian oil imports in a Tuesday speech to 'hold Russia accountable' for the invasion of Ukraine, according to the Associated Press. The glaring omission amid an avalanche of sanctions comes nearly a week after White House Press Secretary Jen Psaki was asked by Fox News' Jacqui Heinrich if the US was 'funding the war' by continuing to buy Russian oil - after which the Biden admin scrambled to reach out to Venezuela, Saudi Arabia and Iran to increase production, as opposed to immediately tapping into job-creating domestic sources. The ban will include Russian oil, liquefied natural gas and coal, according to two Bloomberg sources who noted that the decision was made in consultation with European allies, who rely more heavily than the U.S. on Russian energy. In other words, the allies agreed to disagree on how important Russian oil is to them.
Russian oil made up about 3% of all the crude shipments that arrived in the U.S. last year, according to EIA data. Overall, imports of Russian oil and petroleum products represented about 8% of the U.S. total. U.S. imports of Russian crude in 2022 have dropped to the slowest annual pace since 2017, according to the intelligence firm Kpler. As we reported overnight, Canada said that it could easily replace all US imports of Russian crude... if only the Keystone XL pipeline is approved and yet Biden still refuses to accept the simplest solution just to appease the ultra progressive wing in the Dem party.
https://www.zerohedge.com/political/watch-live-biden-ban-russian-oil-imports-over-ukraine-war
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
Now watch him fill the SPR back up at these insane levels just like ~~Shrub~~, Cheney did.