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A deflationary depression is a distinct possibility. We see credit tightening everywhere. U.S. depressions are caused by concentration of wealth and low liquidity. Lowering rates is pushing on a string if everybody wants to borrow but nobody wants to lend.

Cramer's not a fiancial expert. He's an entertainer. There are millions of investors, traders, dealers.. who tune in to his rants and tantrums because they like a lively (un)reality show with a finacial theme.

I don't know much about the history of the region so I'm not qualified to make insightful comments on it. My impresssion of the Palestinians is that they were poor, poorly funded, and too poorly organized to be fascists. I suspect (but don't know) that all they had in common with the Nazis...

Fascists? Were they ever organized enought to be fascists? I think they were just anti-Jewish because they and the Jews were competing for control of Palestine. Yes, the Palestinians are pawns. The Muslim nations don't help because the Palestinian misery supposedly proves the cruelty of...

Hunh? Wha.. Whazzat?

I think the FED regards the present situation as extremely dangerous and will work with Gov't ad hoc as crises begin to manifest. FED and Bush will think short term until the credit situation stabilizes.

Durable goods coming in so high suggests 0bp to me, but Bernanke seems to care about the markets and Consumer Confidence is pretty bad. Maybe 25bp. Could be 50bp because of the stall by Dems in the Senate of Bush's $150B . Toss a coin.

Of course, but the commercials tend to be right.

So Bill is sabotaging Hillary under the guise of being helpful. Surely it's all subconscious.

INTC, APPL come out with record earning but very slightly weaker guidance and they bomb. MSFT comes out with record earnings and excellent guidance and retraces whatever gains it made from its good news. And how about RIMM? It gapped up huge on its earnings then tanked. Seems shorting...

Hey - I never suggested that there's anything even remotely noble about either Hillary or Bill, but they don't pretend to be anything but politicians. Obama's selling himself as some sort of revolutionary on a quest for honor and responsibility in government. I think he's playing us...

I find Obama sly. He had his team put a racial spin on Bill Clinton's reference to his "fairy tale" record on the Iraq war, then, when he saw that his commanding advantage with South Carolina's majority black voters was assured he came on all noble and concilliatory, decrying the race factor...

There's no way to quantify the bad paper but derivatives tend be redundant. A $Trillion in derivatives on the collective books of participating companies may distill down to a small percentage in actual exposure. But, as you say, nobody can assess how big the derivative situation is or...

Jim Jubak, MSN Money claims there are $450 Trillion inn CDS's out there. Excellent news that the situation is being investigated. The best way to avert a CDS domino collapse is to stop it before the first insurer falls. I think Jubak's numbers are a bit out, but it's definitely huge.

No. The 75-point cut was a direct response to -500 futures. The FED is using market action as an indicator of confidence and as a means of affecting confidence. Pension funds are heavily invested in the markets. If the markets get creamed then millions of retiring boomers depend on Gov't...

Yep, possible H&S alright. All this crazy volatility is characteristic of a market reversal. Stocks lost a lot of credibility this week. We're probably in a Bear but nothing in this game is a sure thing. Gov't and FED meddling like crazy to stall the natural process. There's a...

No, the CDS $450T figure is Jubak"s. Looks like he got it wrong and I passed on some bad info. Still, $45T could be a bit of a problem, but it looks like the powers that be are intervening to avert diaster. Jubak's article is titled "The Next Big Banking Crisis on The Way" on Jubak's...

Same shit as INTC. Down we go.

I responded to your question about the CDS's figures on the Bond Bailout thread. In case you missed it, the source was Jim Jubak, MSN money: $450T total, $27T net loss if it collapses. Wiki says $28.8T total in 2006 so maybe Cdntrader's $45T total is better than Jubak's.

I got the numbers from a Jim Jubak story posted yesterday on MSN money. $450T total and $27T net loss if it all comes apart. Jubak has a video on bond problems on MSN today. Cdntrader says $45T. I checked Wiki and they say the Bank for International Settlements said $28.8T in 2006...