JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 18,2015-12:00AM
DOW MARKET FRIDAY-SEPT 18,2015
09:30AM-146.13-
10:00AM-262.52-
10:30AM-181.86-
11:00AM-180.69-
11:30AM-186.40-
12:00PM-154.09-
12:30PM-222.07-
01:00PM-232.42-
01:30PM-244.16-
02:00PM-298.17-
02:30PM-247.97-
03:00PM-229.16-
03:30PM-294.46-
04:00PM-289.95- 16,384.79
HIGH -135 LOW -331
TSX -140.26 13,646.90 - GOLD +$7.84 $1,139.39 - OIL -$1.98 $44.92
MAYBE BANKS MANIPULATED TREASUREY BONDS TO
http://www.bloombergview.com/articles/2015-09-18/maybe-banks-manipulated-treasury-bonds-too?cmpid=yhoo
U.S. stocks close sharply lower, post weekly loss-Published: Sept 18, 2015 4:06 p.m. ET-market watch-By Anora Mahmudova-Reporter
Sharp losses on Wall Street Friday resulted in weekly declines for the S&P 500 and Dow Jones Industrial Average. Stocks sold off a day after the Federal Reserve decided to keep its key borrowing rate unchanged, fanning global growth fears. The S&P 500 SPX, -1.61% fell 32.19 points, or 1.6%, to 1,958.02 and ended the week 0.2% lower. The Dow Jones Industrial Average DJIA, -1.74% dropped 289.69 points, or 1.7%, to 16,385.05 and booked a 0.3% loss over the week. The Nasdaq Composite COMP, -1.36% ended the day down 66.72 points, or 1.4% at 4,827.23, but eked out a 0.1% gain for the week.
Bitcoin Is Officially a Commodity, According to U.S. Regulator-The Commodity Futures Trading Commission makes its mark.Luke Kawa-September 17, 2015 — 5:58 PM EDT
Virtual money is officially a commodity, just like crude oil or wheat.So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," according to the press release.While market participants have long discussed whether Bitcoin could be defined as a commodity, and the CFTC has long pondered whether the cryptocurrency falls under its jurisdiction, the implications of this move are potentially numerous. By this action, the CFTC asserts its authority to provide oversight of the trading of cryptocurrency futures and options, which will now be subject to the agency's regulations. In the event of wrongdoing, such as futures manipulation, the CFTC will be able to bring charges against bad actors.If a company wants to operate a trading platform for Bitcoin derivatives or futures, it will need to register as a swap execution facility or designated contract market, just like the CME Group. And Coinflip—the target of the CFTC action—is hardly the only company that provides a platform to trade Bitcoin derivatives or futures.“While there is a lot of excitement surrounding Bitcoin and other virtual currencies, innovation does not excuse those acting in this space from following the same rules applicable to all participants in the commodity derivatives markets," said Aitan Goelman, the CFTC's director of enforcement, in a statement.A request for comment sent to Coinflip's chief executive via LinkedIn was not immediately returned. Coinflip consented to the order without admitting or denying any of its findings or conclusions.Since Coinflip is not alone in providing a platform to trade Bitcoin derivatives or futures, Goelman's words imply that other unregulated exchanges could soon attract the attention of the CFTC.As such, the CFTC is bringing dealings in Bitcoin, long prized for its anonymity, into the light. While this could help clean up U.S. trading around the product, potentially helping to avoid a repeat of the Mt. Gox escapade, it is also likely to increase the cost of doing business.Bitcoin has been trading sideways throughout 2015:
Fed Gifts Emerging Markets a Lifeline at Expense of Euro, Yen-Andrea Wong Lananh Nguyen Rachel Evans-Updated on September 18, 2015 — 4:03 AM EDT-bloomberg
Emerging markets have a friend in Janet Yellen.Policy makers from Asia to Latin America can enjoy a reprieve from a 19 percent slump by their currencies over the past year after the Federal Reserve kept rates near zero on Thursday, stemming outflows from these economies. Their counterparts in Europe and Japan aren’t so fortunate; they’re still waiting for a U.S. rate rise that would reduce pressure to bolster easing at home.Yellen heeded calls from the World Bank and International Monetary Fund to avoid destabilizing global markets with the Fed’s first rate increase in almost a decade. Volatility soared in August across currency, bond and stock markets amid concern slowing growth in China would weigh on the global economy, elevating the stakes for U.S. monetary policy. Officials are watching developments in China and emerging markets, Yellen said Thursday.“The World Bank was urging the Fed not to raise rates, and a lot of emerging-market countries at the G-20 were saying don’t raise rates,” said Greg Anderson, the global head of foreign-exchange strategy at the Bank of Montreal. “But for the European Central Bank and the Bank of Japan, their currencies strengthen when there’s volatility and they want weak currencies. The best way for them to achieve weak currencies is for the Fed to hike.”Emerging Problems-Upheaval surrounding any rise in U.S. borrowing costs could lead to a “sizable drop” in capital flowing into developing nations, creating formidable challenges for policy makers, the World Bank warned this week.The Fed seems to have taken that on board, with Yellen noting that money has already left these countries and saying officials are scrutinizing risks stemming from China and other emerging markets for signs they will affect the U.S. The word “China” or “Chinese” was mentioned 11 times in the Fed’s Beige Book released this month, with the Boston, San Francisco and Dallas districts citing the Asian nation’s slowdown as weakening demand for products including chemicals and high-tech goods.A gauge of emerging-market currencies rose 0.2 percent in European trading on Friday. The measure extended its longest rally since April 2014 after touching the lowest in more than a decade earlier this month.“For emerging-market central bankers, the Fed has given them some much-needed breathing room,” Jonathan Lewis, a principal at New York-based Samson Capital Advisors, said Thursday. The firm oversees $7.4 billion. “Postponing a Fed tightening gives these central bankers room to be more accommodative, without their actions being offset by a tighter Fed.”Conversely, ECB President Mario Draghi and BOJ Governor Haruhiko Kuroda face an uphill struggle to renew weakness in the euro and the yen. After slumping in the first half of the year, the two currencies have acted as safe havens amid the China and Fed uncertainty, strengthening more than any of their 10 developed-nation peers over the last three months, Bloomberg Correlation-Weighted Indexes show.-Stronger Yen-The era of a weaker yen is coming to an end and the currency may strengthen toward 115 per dollar, Eisuke Sakakibara, who was nicknamed “Mr Yen” when he served as Japan’s vice-minister of finance, said in an interview in Tokyo Friday.The euro advanced 1.3 percent to $1.1435 Thursday, while the yen rose 0.5 percent to 120.01 per greenback. The Bloomberg Dollar Spot Index fell 0.6 percent, its steepest slide since August, and extended its decline on Friday. Europe’s shared currency fetched $1.1437 as of 9:02 a.m. London time, while the yen traded at 119.42.“I’m not sure the ECB will be happy if the euro uptrend continues,” said Sally Auld, head of fixed-income and currency strategy for Australia at JPMorgan Chase & Co. in Sydney. “It’s about containing downside risks to the inflation story for them and a stronger euro doesn’t help with that.”Economists from Goldman Sachs Group Inc. and Citigroup Inc. were among those projecting the BOJ will boost stimulus on Oct. 30 even before the Fed’s decision not to raise U.S. rates. Kuroda and his board left in place on Tuesday in Tokyo their program to increase Japan’s monetary base at an annual pace of 80 trillion yen ($668 billion). The governor repeatedly told reporters that policy makers see a gradual recovery continuing in the economy, while also saying the central bank wouldn’t hesitate to ease if there was some danger of prices not rising to its 2 percent target.“Money is going out of the U.S. dollar because the Fed isn’t raising rates, but it will flow into less risky currencies like euro and yen,” said Imre Speizer, a senior market strategist at Westpac Banking Corp. in Auckland. “Central banks like the ECB and Bank of Japan will be waiting for the smoke to clear and see what currency trends emerge over the weeks ahead as to implications for their own policies.”
Alibaba's Wipeout Leaves Investors Questioning What Comes Next-Lulu Yilun Chen-Updated on September 17, 2015 — 9:01 PM EDT-bloomberg
Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. It had a lock on China e-commerce as the economy was surging and consumer spending was steadily rising. Shares soared 76 percent from the IPO price in just two months.Then it all crumbled. Alibaba came under fire from a China government agency, it cut deals that baffled investors and it replaced its chief executive as growth slowed. Most important, China’s economy turned wobbly, jeopardizing the rise in consumer spending Alibaba needed. Its stock slid down, down, down to the IPO price and then below. The sure thing was no such thing.What now? Investors who watched $128 billion in market value disappear shouldn’t expect a reprieve any time soon. Atlantic Equities LLP’s James Cordwell, the top-ranked analyst covering the stock, predicts the slowing Chinese economy will undercut e-commerce transaction growth until at least 2016. The many deals Alibaba has negotiated will take time to pay off too.“All the operating metrics seem to be pointing in the wrong direction,” said London-based Cordwell, who topped Bloomberg Absolute Return rankings for his calls on Alibaba and also recommendations across the portfolio he covers. “Until investors feel some comfort in that slowdown bottoming out, it will be hard for the stock.”-Deal Spree-Jack Ma, Alibaba’s chairman and co-founder, isn’t known for coddling investors. In a letter with the IPO filing, he said explicitly shareholders would be the third priority after customers and employees. He and his partners didn’t want short-term market volatility to distract from building a successful business for the long term. Indeed, many of Alibaba’s troubles derive from a domestic economy over which it has no control. While conceding some missteps in its first year, Alibaba isn’t one for introspection.“We don’t think about events backward looking, we try to look forward,” Vice Chairman Joseph Tsai said in an interview. “We have made our mistakes and we learned from them.”The Hangzhou-based company is trying to push beyond China and e-commerce, announcing $15 billion of deals. Many of the investments make clear strategic sense, but others have been harder to rationalize, like the stakes in a Guangzhou soccer team, a minor player in Chinese smartphones and an unprofitable entertainment studio.-Come Together-“Its investment strategy does sometimes seem befuddling,” said Li Muzhi, a Hong Kong-based analyst at Arete Research Service LLP, who rated Alibaba a D for wealth creation in his one-year report card on the stock. “When its core business was doing fine all these investments for future development were option values, but with the slowdown they make less sense.”Ma and his partners do have a vision for how all this comes together in the next decade. The aim is for Alibaba to evolve beyond commerce into content like movies and sports, to provide payment systems for its own trade and for others and to get technology like its homegrown operating system and its cloud computing service used more broadly.The billionaire is also counting on new investments to help connect information on the Web to consumers in the real world. The idea, known in the technology industry as O2O for online-to-offline, is to let people tap their smartphones to get almost anything they want, from groceries or dinner to a TV or a car wash. To make this a reality, Alibaba has invested in a department store chain, an electronics retailer and the ride-hailing service Didi Kuaidi.-Government Dispute-The deals may ultimately make sense, but they aren’t adding to earnings yet and the company hasn’t said when they will.“If the e-commerce business was growing really well, then investors wouldn’t worry at all about all these investments that Alibaba’s making,” said Cordwell.Along with disputes with China over counterfeits, the company has had to deal with media criticism. Barron’s magazine this month predicted the stock could tank another 50 percent. Alibaba said the report was based on incorrect calculations, contained factual inaccuracies and selectively used information.John Choi, an analyst at Daiwa Capital Markets, says that despite the bad press and unfavorable economy, the fundamentals of Alibaba remain positive with e-commerce still growing.“It’s really about the sentiment right now, the sentiment on China is so negative right now,” said Choi, who has a buy rating on the stock. “E-commerce is one of the very few verticals that is still delivering decent growth in the overall Internet sector.”Bullish Analysts-Other analysts haven’t given up on Alibaba either. Of the 52 tracked by Bloomberg, 44 rate the stock a buy with just two recommending investors sell.Shareholders haven’t been so bullish. Billionaires Daniel Loeb and George Soros have sold all or most of their holdings in Alibaba, as have funds run by proteges of Julian Robertson, the so-called Tiger cubs. In addition, bearish bets on the stock have risen, with short interest rising to a record.Atlantic’s Cordwell, who has a neutral rating, sees light at the end of the tunnel, with the company ultimately emerging stronger.“There’s going to be another two to three tough quarters for the company,” he said. The current challenge “is making Alibaba a better company for the next 10 years.”
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/09/dow-was-up-140-points-yesterday.html
http://israndjer.blogspot.ca/2015/09/stocks-in-america-up-228-points.html
http://israndjer.blogspot.ca/2015/09/no-shemitah-day-1-stock-crash-stocks.html
http://israndjer.blogspot.ca/2015/09/the-shemitahs-here-how-will-world.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 18,2015-12:00AM
DOW MARKET FRIDAY-SEPT 18,2015
09:30AM-146.13-
10:00AM-262.52-
10:30AM-181.86-
11:00AM-180.69-
11:30AM-186.40-
12:00PM-154.09-
12:30PM-222.07-
01:00PM-232.42-
01:30PM-244.16-
02:00PM-298.17-
02:30PM-247.97-
03:00PM-229.16-
03:30PM-294.46-
04:00PM-289.95- 16,384.79
HIGH -135 LOW -331
TSX -140.26 13,646.90 - GOLD +$7.84 $1,139.39 - OIL -$1.98 $44.92
MAYBE BANKS MANIPULATED TREASUREY BONDS TO
http://www.bloombergview.com/articles/2015-09-18/maybe-banks-manipulated-treasury-bonds-too?cmpid=yhoo
U.S. stocks close sharply lower, post weekly loss-Published: Sept 18, 2015 4:06 p.m. ET-market watch-By Anora Mahmudova-Reporter
Sharp losses on Wall Street Friday resulted in weekly declines for the S&P 500 and Dow Jones Industrial Average. Stocks sold off a day after the Federal Reserve decided to keep its key borrowing rate unchanged, fanning global growth fears. The S&P 500 SPX, -1.61% fell 32.19 points, or 1.6%, to 1,958.02 and ended the week 0.2% lower. The Dow Jones Industrial Average DJIA, -1.74% dropped 289.69 points, or 1.7%, to 16,385.05 and booked a 0.3% loss over the week. The Nasdaq Composite COMP, -1.36% ended the day down 66.72 points, or 1.4% at 4,827.23, but eked out a 0.1% gain for the week.
Bitcoin Is Officially a Commodity, According to U.S. Regulator-The Commodity Futures Trading Commission makes its mark.Luke Kawa-September 17, 2015 — 5:58 PM EDT
Virtual money is officially a commodity, just like crude oil or wheat.So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," according to the press release.While market participants have long discussed whether Bitcoin could be defined as a commodity, and the CFTC has long pondered whether the cryptocurrency falls under its jurisdiction, the implications of this move are potentially numerous. By this action, the CFTC asserts its authority to provide oversight of the trading of cryptocurrency futures and options, which will now be subject to the agency's regulations. In the event of wrongdoing, such as futures manipulation, the CFTC will be able to bring charges against bad actors.If a company wants to operate a trading platform for Bitcoin derivatives or futures, it will need to register as a swap execution facility or designated contract market, just like the CME Group. And Coinflip—the target of the CFTC action—is hardly the only company that provides a platform to trade Bitcoin derivatives or futures.“While there is a lot of excitement surrounding Bitcoin and other virtual currencies, innovation does not excuse those acting in this space from following the same rules applicable to all participants in the commodity derivatives markets," said Aitan Goelman, the CFTC's director of enforcement, in a statement.A request for comment sent to Coinflip's chief executive via LinkedIn was not immediately returned. Coinflip consented to the order without admitting or denying any of its findings or conclusions.Since Coinflip is not alone in providing a platform to trade Bitcoin derivatives or futures, Goelman's words imply that other unregulated exchanges could soon attract the attention of the CFTC.As such, the CFTC is bringing dealings in Bitcoin, long prized for its anonymity, into the light. While this could help clean up U.S. trading around the product, potentially helping to avoid a repeat of the Mt. Gox escapade, it is also likely to increase the cost of doing business.Bitcoin has been trading sideways throughout 2015:
Fed Gifts Emerging Markets a Lifeline at Expense of Euro, Yen-Andrea Wong Lananh Nguyen Rachel Evans-Updated on September 18, 2015 — 4:03 AM EDT-bloomberg
Emerging markets have a friend in Janet Yellen.Policy makers from Asia to Latin America can enjoy a reprieve from a 19 percent slump by their currencies over the past year after the Federal Reserve kept rates near zero on Thursday, stemming outflows from these economies. Their counterparts in Europe and Japan aren’t so fortunate; they’re still waiting for a U.S. rate rise that would reduce pressure to bolster easing at home.Yellen heeded calls from the World Bank and International Monetary Fund to avoid destabilizing global markets with the Fed’s first rate increase in almost a decade. Volatility soared in August across currency, bond and stock markets amid concern slowing growth in China would weigh on the global economy, elevating the stakes for U.S. monetary policy. Officials are watching developments in China and emerging markets, Yellen said Thursday.“The World Bank was urging the Fed not to raise rates, and a lot of emerging-market countries at the G-20 were saying don’t raise rates,” said Greg Anderson, the global head of foreign-exchange strategy at the Bank of Montreal. “But for the European Central Bank and the Bank of Japan, their currencies strengthen when there’s volatility and they want weak currencies. The best way for them to achieve weak currencies is for the Fed to hike.”Emerging Problems-Upheaval surrounding any rise in U.S. borrowing costs could lead to a “sizable drop” in capital flowing into developing nations, creating formidable challenges for policy makers, the World Bank warned this week.The Fed seems to have taken that on board, with Yellen noting that money has already left these countries and saying officials are scrutinizing risks stemming from China and other emerging markets for signs they will affect the U.S. The word “China” or “Chinese” was mentioned 11 times in the Fed’s Beige Book released this month, with the Boston, San Francisco and Dallas districts citing the Asian nation’s slowdown as weakening demand for products including chemicals and high-tech goods.A gauge of emerging-market currencies rose 0.2 percent in European trading on Friday. The measure extended its longest rally since April 2014 after touching the lowest in more than a decade earlier this month.“For emerging-market central bankers, the Fed has given them some much-needed breathing room,” Jonathan Lewis, a principal at New York-based Samson Capital Advisors, said Thursday. The firm oversees $7.4 billion. “Postponing a Fed tightening gives these central bankers room to be more accommodative, without their actions being offset by a tighter Fed.”Conversely, ECB President Mario Draghi and BOJ Governor Haruhiko Kuroda face an uphill struggle to renew weakness in the euro and the yen. After slumping in the first half of the year, the two currencies have acted as safe havens amid the China and Fed uncertainty, strengthening more than any of their 10 developed-nation peers over the last three months, Bloomberg Correlation-Weighted Indexes show.-Stronger Yen-The era of a weaker yen is coming to an end and the currency may strengthen toward 115 per dollar, Eisuke Sakakibara, who was nicknamed “Mr Yen” when he served as Japan’s vice-minister of finance, said in an interview in Tokyo Friday.The euro advanced 1.3 percent to $1.1435 Thursday, while the yen rose 0.5 percent to 120.01 per greenback. The Bloomberg Dollar Spot Index fell 0.6 percent, its steepest slide since August, and extended its decline on Friday. Europe’s shared currency fetched $1.1437 as of 9:02 a.m. London time, while the yen traded at 119.42.“I’m not sure the ECB will be happy if the euro uptrend continues,” said Sally Auld, head of fixed-income and currency strategy for Australia at JPMorgan Chase & Co. in Sydney. “It’s about containing downside risks to the inflation story for them and a stronger euro doesn’t help with that.”Economists from Goldman Sachs Group Inc. and Citigroup Inc. were among those projecting the BOJ will boost stimulus on Oct. 30 even before the Fed’s decision not to raise U.S. rates. Kuroda and his board left in place on Tuesday in Tokyo their program to increase Japan’s monetary base at an annual pace of 80 trillion yen ($668 billion). The governor repeatedly told reporters that policy makers see a gradual recovery continuing in the economy, while also saying the central bank wouldn’t hesitate to ease if there was some danger of prices not rising to its 2 percent target.“Money is going out of the U.S. dollar because the Fed isn’t raising rates, but it will flow into less risky currencies like euro and yen,” said Imre Speizer, a senior market strategist at Westpac Banking Corp. in Auckland. “Central banks like the ECB and Bank of Japan will be waiting for the smoke to clear and see what currency trends emerge over the weeks ahead as to implications for their own policies.”
Alibaba's Wipeout Leaves Investors Questioning What Comes Next-Lulu Yilun Chen-Updated on September 17, 2015 — 9:01 PM EDT-bloomberg
Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. It had a lock on China e-commerce as the economy was surging and consumer spending was steadily rising. Shares soared 76 percent from the IPO price in just two months.Then it all crumbled. Alibaba came under fire from a China government agency, it cut deals that baffled investors and it replaced its chief executive as growth slowed. Most important, China’s economy turned wobbly, jeopardizing the rise in consumer spending Alibaba needed. Its stock slid down, down, down to the IPO price and then below. The sure thing was no such thing.What now? Investors who watched $128 billion in market value disappear shouldn’t expect a reprieve any time soon. Atlantic Equities LLP’s James Cordwell, the top-ranked analyst covering the stock, predicts the slowing Chinese economy will undercut e-commerce transaction growth until at least 2016. The many deals Alibaba has negotiated will take time to pay off too.“All the operating metrics seem to be pointing in the wrong direction,” said London-based Cordwell, who topped Bloomberg Absolute Return rankings for his calls on Alibaba and also recommendations across the portfolio he covers. “Until investors feel some comfort in that slowdown bottoming out, it will be hard for the stock.”-Deal Spree-Jack Ma, Alibaba’s chairman and co-founder, isn’t known for coddling investors. In a letter with the IPO filing, he said explicitly shareholders would be the third priority after customers and employees. He and his partners didn’t want short-term market volatility to distract from building a successful business for the long term. Indeed, many of Alibaba’s troubles derive from a domestic economy over which it has no control. While conceding some missteps in its first year, Alibaba isn’t one for introspection.“We don’t think about events backward looking, we try to look forward,” Vice Chairman Joseph Tsai said in an interview. “We have made our mistakes and we learned from them.”The Hangzhou-based company is trying to push beyond China and e-commerce, announcing $15 billion of deals. Many of the investments make clear strategic sense, but others have been harder to rationalize, like the stakes in a Guangzhou soccer team, a minor player in Chinese smartphones and an unprofitable entertainment studio.-Come Together-“Its investment strategy does sometimes seem befuddling,” said Li Muzhi, a Hong Kong-based analyst at Arete Research Service LLP, who rated Alibaba a D for wealth creation in his one-year report card on the stock. “When its core business was doing fine all these investments for future development were option values, but with the slowdown they make less sense.”Ma and his partners do have a vision for how all this comes together in the next decade. The aim is for Alibaba to evolve beyond commerce into content like movies and sports, to provide payment systems for its own trade and for others and to get technology like its homegrown operating system and its cloud computing service used more broadly.The billionaire is also counting on new investments to help connect information on the Web to consumers in the real world. The idea, known in the technology industry as O2O for online-to-offline, is to let people tap their smartphones to get almost anything they want, from groceries or dinner to a TV or a car wash. To make this a reality, Alibaba has invested in a department store chain, an electronics retailer and the ride-hailing service Didi Kuaidi.-Government Dispute-The deals may ultimately make sense, but they aren’t adding to earnings yet and the company hasn’t said when they will.“If the e-commerce business was growing really well, then investors wouldn’t worry at all about all these investments that Alibaba’s making,” said Cordwell.Along with disputes with China over counterfeits, the company has had to deal with media criticism. Barron’s magazine this month predicted the stock could tank another 50 percent. Alibaba said the report was based on incorrect calculations, contained factual inaccuracies and selectively used information.John Choi, an analyst at Daiwa Capital Markets, says that despite the bad press and unfavorable economy, the fundamentals of Alibaba remain positive with e-commerce still growing.“It’s really about the sentiment right now, the sentiment on China is so negative right now,” said Choi, who has a buy rating on the stock. “E-commerce is one of the very few verticals that is still delivering decent growth in the overall Internet sector.”Bullish Analysts-Other analysts haven’t given up on Alibaba either. Of the 52 tracked by Bloomberg, 44 rate the stock a buy with just two recommending investors sell.Shareholders haven’t been so bullish. Billionaires Daniel Loeb and George Soros have sold all or most of their holdings in Alibaba, as have funds run by proteges of Julian Robertson, the so-called Tiger cubs. In addition, bearish bets on the stock have risen, with short interest rising to a record.Atlantic’s Cordwell, who has a neutral rating, sees light at the end of the tunnel, with the company ultimately emerging stronger.“There’s going to be another two to three tough quarters for the company,” he said. The current challenge “is making Alibaba a better company for the next 10 years.”
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/09/dow-was-up-140-points-yesterday.html
http://israndjer.blogspot.ca/2015/09/stocks-in-america-up-228-points.html
http://israndjer.blogspot.ca/2015/09/no-shemitah-day-1-stock-crash-stocks.html
http://israndjer.blogspot.ca/2015/09/the-shemitahs-here-how-will-world.html
