Kyle Bass has a conversation with Darden professor Ken Eades at the Darden School of Business University Investing Confernece 2012.
Wednesday, November 21, 2012
Kyle Bass Interviewed
Nov 20, 2012 by DardenMBA
Kyle Bass has a conversation with Darden professor Ken Eades at the Darden School of Business University Investing Confernece 2012.
Kyle Bass has a conversation with Darden professor Ken Eades at the Darden School of Business University Investing Confernece 2012.
RBI bans loans to buy gold
Yes you wouldn't want to make loans against something of true value who's price keeps pace or exceeds the inflation rate. Much better to make loans against items who's value is guaranteed to eventually fall to zero, like cars and furniture.
From The Times of India
Original source
MUMBAI: The Reserve Bank of India (RBI) on Monday notified a total ban on banks from advancing any loans to its customers for purchasing gold in any form, which includes primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds ( ETF) and units of gold mutual funds.
In its October 30 policy meet, the central bank had announced this decision. However, the banking regulator said that banks are allowed to give loans for "genuine working capital requirements to jewellers".
The notification was issued after it was found that there was a significant rise in the import of gold into India in recent years. The step by the central bank came on concerns that direct bank financing for the purchase of gold in any form — that is bullion, primary gold, jewellery , gold coin, etc — could lead to fuelling of demand for gold in the country.
Original source
MUMBAI: The Reserve Bank of India (RBI) on Monday notified a total ban on banks from advancing any loans to its customers for purchasing gold in any form, which includes primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds ( ETF) and units of gold mutual funds.
In its October 30 policy meet, the central bank had announced this decision. However, the banking regulator said that banks are allowed to give loans for "genuine working capital requirements to jewellers".
The notification was issued after it was found that there was a significant rise in the import of gold into India in recent years. The step by the central bank came on concerns that direct bank financing for the purchase of gold in any form — that is bullion, primary gold, jewellery , gold coin, etc — could lead to fuelling of demand for gold in the country.
CGSE to launch spot, Yuan based Silver trade in HK next year
Growing demand for silver prompted Chinese Gold and Silver Exchange Society to launch a spot silver trading service in the first half of next year in Hong Kong.
CGSE also said it would consider launching yuan-denominated silver trading later under this new platform. The silver contract will be traded in 10 kilograms as one board lot while physical delivery must be at least 30 kilograms.
The CGSE is the only authorized spot gold exchange in Hong Kong. The CGSE currently offers spot gold trading denominated in both the Hong Kong dollar and yuan.
The CGSE launched the "Renminbi Kilobar Gold Contract" trading platform in 2011 that facilitated gold trading in the yuan currency for the first time in the city.
CGSE also said it would consider launching yuan-denominated silver trading later under this new platform. The silver contract will be traded in 10 kilograms as one board lot while physical delivery must be at least 30 kilograms.
The CGSE is the only authorized spot gold exchange in Hong Kong. The CGSE currently offers spot gold trading denominated in both the Hong Kong dollar and yuan.
The CGSE launched the "Renminbi Kilobar Gold Contract" trading platform in 2011 that facilitated gold trading in the yuan currency for the first time in the city.
Capital Account on Australia's HFT Kill Switch
Capital Account discusses Australia's High Frequncy Trading "kill switch" as mentioned in this post
Nov 20, 2012 by CapitalAccount
Nov 20, 2012 by CapitalAccount
Australian Government approves 'kill switch' power on high-speed trading
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| High Frequency Trading in Qualcomm shares |
From SMH.com
Original source
THE federal government has approved new rules clamping down on high-frequency share trading, in response to fears the market's integrity was being threatened.
Financial Services Minister Bill Shorten on Tuesday said the policies - including mandatory ''kill switches'' for algorithmic trading - would improve Australia's chances of avoiding a ''flash crash'', seen in the United States in 2010.
Investor groups, some banks and the Australian Securities Exchange have called in recent months for tighter regulation of high-speed trading, saying the practice posed risks to market stability.
In response, the government on Tuesday gave the Australian Securities and Investments Commission new powers to police the use of computerised algorithms, as well as tighter rules on trading in ''dark pools''.
Read more: http://www.smh.com.au/business/government-approves-kill-switch-power-on-highspeed-trading-20121120-29o0z.html#ixzz2CodOZGG8
Alex Jones interviews Webster Tarply
Nov 20, 2012 by TheAlexJonesChannel
In this interview, Dr. Tarpley reviews the writings of John P. Holdren, the current White House science advisor. This interview conclusively exposes scientific elite's true agenda, world-wide genocide and the formation of a global government to rule.
Market Pulse - A Gallic shrug for French downgrade
Nov 20, 2012 by ReutersVideo
Moody's strips France of its AAA rating, but investors largely take it in their stride.
Gerald Celente - The Beginning Of WWIII
Nov 20, 2012 by trendsjournal
"Israel's attack of Gaza & how World War III will rise out of these unfortunate events."
"Israel's attack of Gaza & how World War III will rise out of these unfortunate events."
Keiser Report - Twinkies, Finance, Scandal
Nov 20, 2012 by RussiaToday
In this episode, Max Keiser and Stacy Herbert present a success story for the three year anniversary of the Keiser Report and that is that the banksters are going the way of Twinkies, Ho Ho's and Ding Dongs - OUT OF BUSINESS! And just as the junk food and fake bread of the Hostess products caused obesity and diabetes in Americans, so too did the junk bonds and toxic derivatives of the bankers and central bankers cause a flabby, obese and diabetic finance sector in London and New York.
In this episode, Max Keiser and Stacy Herbert present a success story for the three year anniversary of the Keiser Report and that is that the banksters are going the way of Twinkies, Ho Ho's and Ding Dongs - OUT OF BUSINESS! And just as the junk food and fake bread of the Hostess products caused obesity and diabetes in Americans, so too did the junk bonds and toxic derivatives of the bankers and central bankers cause a flabby, obese and diabetic finance sector in London and New York.
In the second half, Max Keiser talks to Ross Ashcroft, writer and director of FOUR HORSEMEN, about why many people didn't see the financial crisis and what can be done to regain control of the financial system.
Hillary Clinton meets Israeli PM Netanyahu
Nov 20, 2012 by AlJazeeraEnglish
US Secretary of State Hillary Clinton meets Israeli PM Netanyahu for a press conference in Jerusalem.
US Secretary of State Hillary Clinton meets Israeli PM Netanyahu for a press conference in Jerusalem.
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