Welcome to Life: the singularity, ruined by lawyers

 May 11, 2012 by enyay

http://tomscott.com - Or: what you see when you die.

If you liked this, you may also enjoy two novels that provided inspiration for it: Jim Munroe's Everyone in Silico, where I first found the idea of a corporate-sponsored afterlife; and Rudy Rucker's trippy Postsingular, which introduced me to the horrifying idea of consciousness slums.

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All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

“This situation is unprecedented.... - John Embry told King World News

May 30, 2012
Today John Embry told King World News, “This situation is unprecedented.  The world has never, ever been in a condition like this.”

The bottom line is that gold will bounce back violently from this manipulation at some point.”

Embry also added:  “What you have going on right now is a rush to the supposed safe havens, which are the US dollar, and, by extension, US Treasuries.  The US 10-Year is now at a historic all-time low.  This is preposterous, but it is a pre-condition for QE3.

The US Fed would love to have the dollar firm when they announce QE3 because it is going to get clobbered on that announcement.  Similarly, I think they want the gold price as low as possible when that announcement is made because it will be taking off to the upside when QE3 is announced.

The stock market will also be taking off to the upside from lower levels when the announcement is made.  So, I think they could be grooming (managing) the markets as we speak, positioning them for the optimal point of the launch of QE3.  

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/30_Embry_-_People_Will_Be_Shocked_at_the_Chaos_Heading_Our_Way.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Felda Global Ventures...IPO

Felda Global Ventures Holdings Bhd

Published: Thursday May 31, 2012 MYT 9:24:00 AM
Updated: Thursday May 31, 2012 MYT 9:44:21 AM

Felda Global Ventures's retail offering at RM4.55 a share (Update)

By Joseph Chin

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGVH) said the initial public offering (IPO) of 2.188 billion shares would involve an institutional offering of up 1.915 billion shares to institutions.

According to the prospectus issued on Thursday, the retail offering will be 273.61 million shares. The retail price is RM4.55 per share and subject to refund to the difference if the final retail price is less than the retail price.

The 2.188 billion shares under the IPO are in conjunction with the listing of the entire 3.648 billion shares of RM1 each on the Main Market of Bursa Malaysia Securities Bhd, comprising an offer for sale of up to 1.208 billion existing shares and a public issue of 980 million new shares......
http://biz.thestar.com.my/news/story.asp?file=/2012/5/31/business/20120531094033&sec=business



FGVH to list on June 28: Source
Posted on 29 May 2012 - 05:39am

Kang Siew Li
sunbiz@thesundaily.com

PETALING JAYA (May 29, 2012): Felda Global Ventures Holdings Bhd (FGVH), the world's third-largest oil palm plantation operator, will be launching its prospectus on Thursday, with listing targeted for June 28, a source toldSunBiz yesterday.

"The retail price is touted to be RM4.65, subject to the final institutional price which will be determined by a book-building exercise (which ends on June 15)," said the source.

FGVH's initial public offering (IPO) consists of 2.19 billion shares, comprising a public issue of up to 980 million shares and an offer for sale of up to 1.21 billion shares. The IPO would raise as much as RM4.56 billion based on RM4.65 a share.

Reuters reported on May 16 that Felda's IPO had attracted cornerstone investors such as Louis Dreyfus, Fidelity Investments, Hong Kong's Value Partners, tycoon Tan Sri Quek Leng Chan, Permodalan Nasional Bhd and the Employees Provident Fund......
http://www.thesundaily.my/news/391007

FGVH locks in Qatar Holding as cornerstone, source says

May 30, 2012

KUALA LUMPUR, May 30 — Qatar Holding LLC, a unit of the Gulf nation’s sovereign wealth fund, has agreed to take part in the planned US$3 billion (RM9 billion) listing of Felda Global Ventures Holdings Bhd as a cornerstone investor, a source with direct knowledge of the deal told Reuters.

It would be the first time a Middle Eastern sovereign fund has acted as a cornerstone in a Malaysian initial public offering (IPO).

The world’s No.3 palm plantation operator is preparing for its market debut at the end of June, one of the world’s largest after Facebook’s US$16 billion listing in mid-May.

“They are taking quite a substantial stake,” the source said, declining to elaborate further as the talks are confidential.....

http://www.themalaysianinsider.com/litee/business/article/fgvh-locks-in-qatar-holding-as-cornerstone-source-says/


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Nanex ~ FaceBook IPO Opening

24 May 2012 by EricHunsader

Watch Nasdaq's quote (first box to appear - 10 o'clock). Note the crazy bid prices are higher than the equally crazy ask prices. After trading opens, Nasdaq's quote will start turning red when it's no longer eligible to set the NBBO. Watch how quotes on the other exchanges react wildly causing the price to evaporate.

Each box represents one exchange. The SIP (UQDF in this case) is the box at 6 o'clock. It shows the National Best Bid/Offer. The shapes represent quote changes which are the result of a change to the top of the book at each exchange. The time at the top of the screen is the time of the last quote or trade update in Eastern Time HH:MM:SS:mmm (mmm = millisecond). We accelerate time until the open, and then we slow time down so you can see what goes on at the millisecond level. A millisecond (ms) is 1/1000th of a second. The blink of an eye is about 200 ms.

Note how every exchange must process every quote from the others -- for proper trade through price protection. This complex web of technology must run flawlessly every millisecond of the trading day, or arbitrage (HFT profit) opportunities will appear.

Price/Time charts of the video

http://www.nanex.net/aqck/3170.html

More on FB IPO:

http://www.nanex.net/aqck/3099.html

Licence:

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All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

€360 Billion - Greece Total Debt - Infographics

http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

€360 Billion - Greece Total Debt

€360,000,000,000 - This is Greece's entire government debt.

Who Loaned Greece the Money - Detail by Lender

A whole lot of banks and institutions loaned Greece the money, now Banks fear they won't be getting back. The information comes from Bloomberg via ZeroHedge

€38.0B FROM: EUROPE

European Union

           

€45.0B FROM: EUROPE

Eurosystem SMP

NOTES:

€2 Billion - A Truck Load Full of Cash


http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Regulators demand review of Facebook's IPO

 May 22, 2012 by AlJazeeraEnglish

As Facebook's share prices continue to fall, US regulators have called for a review of last week's Initial Public Offering (IPO) of the world's largest social networking site.

The financial services group Morgan Stanley has been ordered to account for its handling of the sale of Facebook's shares.

Of particular concern for regulators at the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FIRA) is a report that the consumer internet analyst at the stock's lead underwriter, Morgan Stanley, cut revenue forecasts for Facebook in the days before the offering, information that may not have reached many investors before the stock was listed.

Traders questioning whether the initial share price was realistic to begin with have been further shaken by the company's decreasing value on the NASDAQ.

On Friday, the day of the IPO, the firm was valued at over $100bn but that has has been more than decimated, dropping by $16bn in under a week.

Al Jazeera's Dominic Kane reports.

License:

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All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

The Accounting For JP Morgan’s Bet - Francine McKenna (@retheauditors)

When Is A Hedge Not A Hedge? The Accounting For JP Morgan’s Bet

By Francine • May 18th, 2012 • Category: PricewaterhouseCoopers, Pure Content, Regulators, Laws, Standards, Regulations, Writing for Others

Overgrown Hedge

Yesterday’s column at American Banker digs into the accounting for JP Morgan’s reported “hedge”.  I was shocked – OK, not really – that no main stream media outlet had explained the stunning announcement made by Jamie Dimon last Thursday of a $2 billion loss on a series of trades made by the Chief Investment Office in accounting terms. CIO is the group purportedly managing the investment of the bank’s excess deposits.  In London. As in, the low risk sweep function. Uh-huh.

There’s lots of speculation about the nature of the trade itself. The best I’ve seen is the ongoing coverage at FT Alphaville by Lisa Pollack, in particular.

The gist of all the stories is that the CIO was selling protection on the CDX.NA.IG.9 (going long) to balance out the tranches on the high yield index that they’d bought (going short, which turned out to be profitable when Dynegy and AMR Corp defaulted).

In this way the trade would be both a curve play and across indices — one high yield, one investment grade, with the high yield play levered further because it was a tranche. The long on the IG.9 also would have helped to fund the rather expensive short on the high yield tranches.

If you are an expert in this stuff, please get in touch. I’d buy a big steak for someone who can walk me through it, maybe at a quiet table at Gene & Georgetti’s.

I took a long look at the 10K and 10Q and the first clue was the pretty stark statement, all over the place that the credit derivative number, “Represents the net notional amount of protection purchased and sold of single-name and portfolio credit derivatives used to manage both performing and nonperforming credit exposures; these derivatives do not qualify for hedge accounting under U.S. GAAP.”

So from a financial reporting perspective, all the media and trader chatter about “hedge or bet?” is moot.

The bank may now be calling the positions an “economic hedge” but, in hindsight, they look to me like a series of trades designed to generate income that spiraled out of control on incorrect or ignored risk information and lack of control over traders.

“It was there to deliver a positive result in a quite stressed environment,” Dimon said on the May 10 emergency conference call, “and we feel we can do that and make some net income.”

The rest of the American Banker column provides the details. .....

http://retheauditors.com/2012/05/18/when-is-a-hedge-not-a-hedge-the-accounting-for-jp-morgans-bet/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

KLCC Platinum Park Property 2012

http://www.platinumpark.com.my/





















All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

May 22, 2012 Midday Metals Report - by IraEpsteinFutures

May 22, 2012 by IraEpsteinFutures

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales:             866-973-2077      

License:

Standard YouTube License

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Facebook IPO: Fanfare Or Fumble?

May 18, 2012 by WSJDigitalNetwork

Mean Street host Evan Newmark calls on WSJ's Thorold Barker and Rolfe Winkler to discuss the delay and then relatively slow start by Facebook shares following the start of trading. Photo: Getty Images.

License:

Standard YouTube License

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

World's Second Tallest Building The Skytree Opens

May 22, 2012 by IBTimesUK

Tokyo has a new landmark, called quaintly The Skytree which opened to the general public today after four years of construction and costing a whopping 65 billion yen or $818 million US Dollars to complete.

License:

Standard YouTube License

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Facebook shares fall by 11% since Friday launch

May 22, 2012 by IBTimesUK

Following Facebook's opening debut at Nasdaq on Friday. The Shares in Facebook fell by 11 % at the start of trading on Monday, dropping to $34.03 (£21.46) from its initial flotation price of $38.

Standard YouTube License


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

FB Inc. in first hour... google finance

http://www.google.com/finance?client=ob&q=NASDAQ:FB

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.