Search results

True the FED is actually a private bank setup by porivate banks for their needs. Just happens to have Gov backing. The issue we have is that we no longer have dollars backed by gold. So no reason for FED to stop running the printing presses 24x7 now.

FED between a rock and hard place.....hard to attract buyers of dollars when they pay next to nothing i-rate in and "risk" is exploding across the US economy. i-rate needs to go up or dollar will continue to fall.

Maybe the word is out on the FED cutting rate tomo....I couldn't figure why the market went up today and wondered if a FED rate cut had been leaked.....

More subprime likely to emerge everyone is running for the hills away from the dollar.... http://www.bloomberg.com/apps/news?pid=20601087&sid=a1sapvGekYKM&refer=home Dollar Slumps to Record Low Against Euro on Subprime Losses By Stanley White and Kosuke Goto Nov. 7 (Bloomberg) --...

Lol agreed. [img]http://www.elitetrader.com/vb/attachment.phps=&postid=1669060[img]

Dollar rout could get worse if the FED keeps cutting rates by ignoring true inflation. Tonight the Reserve Bank of Australia just lifted rates another 1/4% to 6.75%, and they think they may go up another 1/2% next year. This increase only increases the differential presuure against the USD...

When I read stories like the following i'm ready to jump out the the top floor window. It looks like it could get really bad. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/06/ccciti106.xml Plunging markets fear a meltdown By Ambrose Evans-Pritchard Last Updated...

CITI can go bust just as Enron did...never to big to fail. More than likely would be sold for $1 (and the debt) to some Chinese Bank wanting to enter the states. Plenty of examples in history of banks failing.

Level 1 means the values come from quoted prices in active markets. The balance-sheet changes then pass through the income statement each quarter as gains or losses. Call this mark-to-market. Level 2 values are measured using "observable inputs," such as recent transaction prices for similar...

http://www.huffingtonpost.com/ian-welsh/the-wile-e-coyote-econom_b_71285.html There's a mystery on Wall Street. Merrill Lynch last week wrote off $8.4 billion in its subprime mortgage business, a figure revised up from $4.9 billion, yet Goldman Sachs reported an excellent quarter and didn't...

from marketwatch http://www.marketwatch.com/news/story/citigroup-restates-earnings-down-3/story.aspx?guid=%7B4E14D919-089B-4D4D-A279-2F8F5B17D8DA%7D&dist=hplatest The company also said its so-called level 3 assets as of Sept. 30 were $134.84 billion. Level 3 assets are holdings that are...

Anybody notice that Prince has a "sun tan" just like Angelo Mozil from Countrywide Financial?

Keep in mind that when the sh$& really hits the fan Washington will be looking for some scape goats....remember Enron and WorldCom and what happened to the heads of those companies ...all in jail. I'm sure if some of the Wall Street banks have to turn over information and their books are...

You been drinking? Give what "chance to plan to work".

I put money on the table that they WILL delay (not cut) the dividend or in Wall Street lingo will implement a "capital conservation reinvestment dividend plan" aka we will temporarily delay paying out the dividend until the markets improve. Just wait and it will be double or nothing. :)

LOL :D yes....snake oil salesmen from Washington DC and Wall Street have their work cut out to prove all is right.

FED printing press is already running 24x7....they may have to build a new printing factory to keep up with demand ahh I mean supply :)

Gold up again this evening....

Holy f$% they just hit one big iceberg.......to the bottom she goes.

I've seen a few other "search engines" shine in the sun. Remember when Altavista was king....Googles days are also numbered....make hay while the sun shines....then move on.