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With quote "unlimited FED/treasury liquidity" we will have hyperinflation.

Jeez if this is a sign of things to come the Mormons may be right about having a years supply of food in the basement!! http://www.bloomberg.com/apps/news?pid=20601109&sid=aVFtDRGwcc50&refer=home Icelandic Shoppers Splurge as Currency Woes Reduce Food Imports By Chad Thomas Enlarge...

This mornings presentation to the world looked like a presentation of an MBA classroom assignment.

Watch out currencies are going to get a tough time this week. You see we now have some countries guaranteeing ALL bank deposits without any upper limit while other countries have limits. Risk is that this will force some depositors to move funds to the countries that guarantee all deposits.

Be careful CHK also has a lot of debt. Growth will slow dramatically and with nat gas at $6/mmbtu income is dropping also. http://www.reuters.com/article/marketsNews/idINN1025653120081010?rpc=44 SAN FRANCISCO, Oct 10 (Reuters) - Leading U.S. natural gas producer Chesapeake Energy Corp...

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Frank is traitor. He has taken backhanders from FNM, FRE and CFC and now wants to use more taxpayer money for another stimulus package. http://www.bloomberg.com/apps/news?pid=20601087&sid=aOGluZiry8zI&refer=home Frank Says Congress Will Weigh Economic Stimulus Plan (Update1) By Brendan...

FASB now approve ENRON and WorldCom valuations models!

Great Depression II coming. http://www.reuters.com/article/newsOne/idUSTRE49A36O20081011 The global financial system is on the brink of a systemic meltdown despite interventions by the US and Europe to stabilize markets, the head of the International Monetary Fund says. Even with...

:) FUBAR is the only way to describe todays market.

US government will buy $40B of toxic mortgages per month. It will only be a matter of time before the US is downgraded. http://www.bloomberg.com/apps/news?pid=20601087&sid=aDjJYMSphyM0&refer=home Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets By Dawn Kopecki Oct. 11...

FDIC Friday again...two banks closed this time. http://www.bloomberg.com/apps/news?pid=20601087&sid=al0NUA96m.dI&refer=home Illinois, Michigan Banks Fail; Boosts Closings to 15 (Update1) By Alison Vekshin and Ian Katz Oct. 10 (Bloomberg) -- Banks in Illinois and Michigan were...

www.fdic.gov and wait until 8:00EST for the weekly posting. :p

I see a major issue on the horizon. With the consumer substantially withdrawing spending the level of imports will decline and the recycling of dollars will also slow. Just whenthe treasury needs extra funds from foriegners those funds will dry up. Treasury i-rates will have to go up and the...

PPT is buying the financials look at them go!!!

Holy crap down 600 in ten minutes. DOW now below 8k.

Wrong timeline you need to extend it back to 1980.

As I said oil is now sub $80 and this will spill over to the oil stocks forcing those stocks and indices down.

Extend the time frame. The support level uptrend line is back in 1980-85 period. Extrapolate from that point and DOW should = xxxx today.

Government needs to recruit the ex comptroller to work a plan to solve the crisis....at least he could see it coming.