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Wednesday, March 1, 2017

BACKDOC UPDATE, 29 FEB

KTFA:

BACKDOC:   THEY ARE STARTING TO EMBRACE BETTER SPEED, EFFICIENCY,AND SECURITY!  THE NEW REALITY IS BEGINNING TO PEAK ITS HEAD INTO THE ROOM.

WITH 60 COUNTRIES ALREADY CONNECTED, WILL SILENCE TAKE US TO THE FINISH LINE IN MARCH?

WILL OZ PULL BACK HIS CURTAIN ON LAUNCH DAY AND SHOW IT IN JUST ABOUT 10 DAYS BEFORE IRAN NEEDS TO GO TO ITS 1 PAYMENT SYSTEM WHICH IS DIGITAL? WHO KNOWS!

WITH MOSUL NOW WAITING TO BE ANNOUNCED TIMING IS OBVIOUSLY THE KEY!

THE EXCITEMENT FOR THESE TWO SHIA BROTHERS IS NOW OFF THE CHARTS!    DOC    IMO

Thunderhawk:  Backdoc Alert

U.S. blockchain, securitization industry groups join forces
....
The lobby group for Wall Street's structured finance companies has partnered with the trade association for the blockchain industry to explore ways blockchain technology can streamline the $1.9 trillion U.S. securitization market.

The partnership, set to be announced on Monday, will see the Chamber of Digital Commerce and the Structured Finance Industry Group work together on research and other projects, the groups said.

The effort kicked off with the publication of a study looking at how distributed ledger technology can be deployed to simplify the securitization market, which despite its size, remains highly manual and opaque.

According to the study by Deloitte, blockchain could help increase the certainty of securitization transactions and improve market transparency, which in turn would lead to better liquidity.

Blockchain is an immutable shared ledger of transactions that is maintained by a network of computers, rather than a centralized authority. As it creates a shared golden source of data, it can reduce errors and the need for reconciliation.

Financial institutions have been ramping up their investments in blockchain in the hopes that it can help make some of their processes more efficient and cheaper to manage.

http://www.reuters.com/article/us-blockchain-securitization-idUSKBN1660F4%C2%A0%C2%A0

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BACKDOC:  CURRENCY TRADERS PREPARE FOR VOLATILITY IN CURRENCIES WHICH LOOK TO RAMP UP IN THE MONTH OF MARCH!   DOC   IMO

Thunderhawk:  Backdoc Alert

FX Traders Live Another Day as Bare-Bones Desks Brace for Jolts

Flashpoints Ahead

The respite in staff reduction that Coalition has observed in recent months comes as banks brace for potential market swings driven by evolving U.S. economic policy and global political uncertainty. Even as volatility is down from its post-election peak, speculation about President Donald Trump’s fiscal plans, the timing of Federal Reserve interest-rate increases and European elections are potential flash points ahead.

“The cut has been so close to the bone that there’s not much else to cut,” said Charlie Stenger, a Kansas City, Missouri-based recruiter at Sheffield Haworth Ltd. “When trading environments are good, you need people around to pick up the phone and have opportunities to trade -- if the banks cut too much and the market explodes, then they’re under-covered.”

Revenue for banks’ G-10 foreign-exchange desks fell 6 percent to $9 billion in 2016, depressed by a “significant decline” in hedge-fund activity and falling spot-market volumes, the Coalition data showed. That contrasts with sales in broader fixed income, currency and commodities divisions, which rose for the first time since 2012 as rates trading climbed.

Asset managers are also reducing costs, trimming budgets for FX trading desks by 1 percent on average last year, even as they boosted fixed-income budgets by 3 percent, according to a survey by Greenwich Associates. Buy-side firms are trying to spend more on technology instead of compensation, the report showed.

While there’s been a short-term surge of activity and optimism in currency markets, Coalition’s Shahani still expects revenue from foreign-exchange divisions to stay flat or decline slightly in 2017.

https://www.bloomberg.com/news/articles/2017-02-28/fx-traders-live-another-day-as-bare-bones-desks-brace-for-jolts  

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BACKDOC:  "OR ELSE", IS ON THE WAY FOR SURE. "THE ACCIDENT ON PURPOSE FOR A PURPOSE" IS NOW WELL UNDERWAY.

THIS MASSIVE DIVORCE PAYOUT TO THE EU FROM THE UK IS WHAT I TOLD YOU WOULD HAPPEN.

THIS WILL IMPACT THE POUNDS VALUE AND SHOULD MOVE IT CLOSER TO PARITY WITH THE U.S. TREASURY DOLLAR.

MID-MARCH REMEMBER, UNLEASHES SOME IMPACTFUL EVENTS.

THE U.S. BUDGET WILL BE INTRODUCED.  THE FED POSSIBLE RATE RISE MAY MOVE MARKETS.  ALSO, AS WE SEE ABOVE, THE 60TH ANNUAL TREATY OF ROME.  THIS MAY BE SYMBOLIC BUT "ACTIONS MEAN THINGS".

THE COMING ELECTIONS IN FRANCE MAY BE THE FINAL DAGGER IN THE HEART OF THE EU AND CAUSE THE DEMISE OF THIS NON DEMOCRATIC UNION OF DEMOCRATIC COUNTRIES.

THIS SEEMED TO BE A CONTRADICTION IN TERMS FROM ITS INCEPTION.

DOC  IMO
Thunderhawk:  EU Lawmakers Urge “Federal Union” For European States… Or Else

The leaders of the lower chambers of parliament of Germany, Italy, France, and Luxembourg have called for a European “Federal Union” in an open letter published in Italian newspaper La Stampa on Sunday.

In the letter, four representatives of EU governments – Claude Bartolone of the French National Assembly, Laura Boldrini of the Italian Chamber of Deputies, Norbert Lammert of the German Bundestag, and Mars Di Bartolomeo of the Luxembourg Chamber of Deputies – say that closer cooperation is essential for dealing with problems that no one EU state can tackle on its own, such as immigration, terrorism, and climate change. As RT notes, the letter’s authors also warn that the European integration project is currently more at risk than ever before, with high unemployment and immigration problems driving populist and nationalist movements.

The EU must also come to grips with the fact that, last June, the United Kingdom decided to leave the union after holding a national referendum, aka Brexit, becoming the first member nation to opt out of the bloc.

In less than a month, on March 17 next, we Presidents of the national parliaments of the EU we will meet in Rome, how will the representatives of governments, for the sixtieth anniversary of the Treaty from which it began: our Union.

But it is plain for all that recurrence requires much more than just a historical commemoration. Birthday comes the most critical stage ever crossed by the European project.

In such a situation we should not be paralyzed by fear, or by concerns related to the upcoming elections in some of our countries. We must act now, before it’s too late. And take the opportunity of the anniversary to return to the vision and the spirit of the Founding Fathers and relaunch the construction of Europe on foundations refurbished.

We are convinced that in the face of crisis, we need more Europe, although we have to face headwinds. We can not ignore the social impact that the disastrous economic and financial measures have had on tens of millions of families. We need to focus on growth and jobs that Europe can have no charm for young people if they do not offer them credible job prospects. We must have the courage to share sovereignty in many sectors in which the action of individual States is now totally ineffective and doomed to fail: from global warming to energy policies, from financial markets to the rules for immigration, tax evasion to the fight against terrorism.

Now is the moment to move towards closer political integration: Federal Union of States with large skills. We know that the prospect stirs up strong resistance, but the inaction of some can not be the paralysis of all. Those who believe in the European ideal is to be able to revive rather helplessly to its slow decline. And the United States who do not want to join immediately in that closer integration should be able to do it later.

On Sunday, a number of EU states, including Germany, France and Italy, called for the UK to pay a hefty price as a “divorce settlement.”

The letter was published in the run-up to a meeting of parliamentary leaders in Rome on March 17 to mark the 60th anniversary of the Treaty of Rome, which established the European Economic Community (EEC). The treaty’s signing by six countries– Belgium, France, Italy, Luxembourg, West Germany and the Netherlands – in 1957 eventually paved the way for the Maastricht Treaty and the European Union in 1991.

In September of 2015, Lammert, Bartolone, Boldrini and di Bartolomeo also signed a declaration calling for deeper and faster European integration. However, greater European integration is being increasingly challenged by a number of Eurosceptic parties around the continent, including the Alternative for Germany, the National Front in France, and the Party for Freedom in the Netherlands. Upcoming elections could bring these parties closer to power.

According to the European Parliament’s chief Brexit negotiator, Guy Verhofstadt, the European Union must reform, or it risks disappearing under a barrage of internal and external attacks.

http://news.valubit.com/eu-lawmakers-urge-federal-union-for-european-states-or-else/
BACKDOC:  THESE NEW DIGITAL REPRESENTATIONS ARE LIKELY TO FADE IN THE MANY YEARS OF THE DIGITAL REVOLUTION.   DOC  IMO

Thunderhawk: Backdoc Alert

Britain's 50-Pound Note May Be Here to Stay

The U.K.’s 50 pound-note is here to stay, at least for now, according to the Bank of England official who signs the nation’s bills.

Chief Cashier Victoria Cleland said in an interview that the BOE has no plans to scrap the bill -- its largest -- and hasn’t ruled out eventually replacing the current paper note with a plastic version. Its future was put in question last year after the BOE didn’t include it in its timetable for switching notes to polymer.

A plastic 5-pound bill featuring Winston Churchill debuted in 2016, a new 10-pound will be introduced in September with the 20-pound to follow later.

While there are no plans right now for freshening up the most valuable bill, that shouldn’t be taken as a sign the BOE has decided to get rid of it, Cleland said in Basel, where she was among the speakers at a conference on banknotes.

“Not at all,” she said, explaining that the current incarnation was introduced in 2011 and because it isn’t commonly used by people for purchases, it gets less wear and tear. “So it’s not necessary to start thinking about the 50 quite yet. But we will do soon.”

High-denomination banknotes have met with criticism recently. The European Central Bank is discontinuing the 500-euro note to crack down on crime, despite concerns such a move might undermine citizens’ trust in cash or fuel a general debate about ending paper currency.

Harvard Professor Kenneth Rogoff has suggested the U.S. abolish its $50 and $100 bills, while some have mentioned the U.K.’s 50-pound note as a potential candidate for scrapping.

With officials keen to stay ahead of counterfeiters with innovative technology such as holograms, the process of designing and producing new banknotes can take years. Britain’s new 20-pound note is expected to begin service in 2020. The U.K.’s new polymer notes, which are water repellent and controversially contain a small amount of animal fat, are more secure and longer-lasting than their traditional paper counterparts.

“We still need to do some cost-benefit analysis to work out whether or not we would want to change the 50 and also at what point in time, said Cleland, whose post was created in 1694, when the institution first issued banknotes. “As I say it’s a fairly new design for a very low counterfeited note.”

https://www.bloomberg.com/news/articles/2017-02-28/britain-s-50-pound-note-may-be-here-to-stay-says-boe-cashier

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BACKDOC:  YES, MR. PRESIDENT WE AWAIT YOUR FRESH DIRECTION OF THE DOLLAR IN THE NEAR TERM WHICH WE HOPE IS MARCH!  HEE HEE   DOC IMO

Thunderhawk:  Backdoc Alert

Politics Dominates Euro and Pound Moves, Markets Wait for Trump

“The U.S. dollar is awaiting fresh direction in the near-term which could be provided by President Trump’s address to Congress,” writes Lee Hardman, currency analyst at MUFG. A lack of reassuring details “could prompt the market to push back the timing of likely stimulus beyond this year

https://www.bloomberg.com/news/articles/2017-02-27/politics-dominates-euro-and-pound-moves-markets-wait-for-trump 

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