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Or, you might consider a different kind of shopping. See John Dizard in <a href="http://www.ft.com/cms/s/0/c150e892-54fe-11dc-890c-0000779fd2ac.html:" target=")">the FT on Tuesday</a>: Some of you, however, have been, or will be, forced to exercise a "resume put". In other words, you will...

What I said is that new currency unions are deflationary, and raising rates like mad, which is what he's been doing and promised to continue in Sept, is stupid given this known fact. Old enough to know how to read, thank you. Apparently, you're not.

The overall growth rate of the eurozone is much less than it was prior to the adoption of the euro. <a href="http://www.teameurope.info/FSno9-economiccompetetiveness-FINAL.pdf" target=";">Simple point</a>. This was also true for the US pre and post the free banking era, from the time Andrew...

Well, Trichet is paid to know this stuff. On the evidence, though, he's clueless. See Joachim Fels for some real wisdom on the euro.

Trichet: simple: local currencies are more efficient than currencies covering a very large area. Widen the area a currency governs, and you make it less efficient, which hurts growth. Like government: the more local, the better, given the constraints of practicality, of course. Trichet wouldn't...

dhpar:Trichet is dealing with the initial effects of a currency union. Given that this means that wildly differing economies are all being forced into the same interest and exchange rate straitjacket, the last thing he needs to worry about is inflation. Also, panics like the one we're having now...

I'm figuring 25bps and that's it for the year. Bernanke wants to show that he recognizes what's going on, but without the full "Greenspan put", which after LTCM amounted to two cuts of 25 each. Trichet, who knows? You can't predict what a moron will do, any more than you can model panic. Up...

Q: How many New Yorkers does it take to change a light bulb? A: None o'yer f*ckin' bidness. However, I was down a little. I've mostly stayed away this month because I know I can't trade when the market's in panic mode - I can only do swing, and swing traders just get killed when the market's...

First you say this: ...and then you say this: ...but, you expect to be taken seriously. When next you decide to grace us with an opinion, figure out whether you want to defend it, or its opposite. I realize that anything that proves that America's been taken over by big city bankers...

In which case my post was, in fact, relevant. Relevant, that is, to this crash & burn nonsense. This is adolescent teen depression stuff: oooh, the world is against me, so I hope the whole world goes to hell. That way they'll recognize that I was a genius for, for... Well, something. I'm sure...

Lehman did indeed already close its subprime unit. It was small, and folded into its larger mortgage unit. That has been the extent of the news they've had since this crisis began. Well that, and like all the rest of the investment banks, they have undoubtedly had to eat some debt on some M&A...

Momma musta been yawning and wondering why dad was huffin' and puffin'. I've got Dow down 10, S&P down a wee bit, Naz up a wee bit. Not much poundin' goin' on...

achilles: Actually, that's the exact point I was trying to make. So why all these overheated posts about the US crashing & burning soon?

Care to refute, with something more than one-sentence drive-bys?

I think the point I was trying to make was obvious, in the context of this thread. Not going to help you if it isn't. I'm too old to be patient with the deliberately dense.

Comanche, that article's equivocal. The rate of defaults on credit card debt cited there is hardly catastrophic, either. Point being, the credit markets are in bad shape, but what's being priced in is a lot worse than just "bad shape". Dividends on some of the money-center banks are at or...

Forgive me, but allow me to cite some actual, fact-based <a href="http://www.pwc.com/uk/eng/ins-sol/publ/ukoutlook/pwc_ukeo-mar07.pdf" target=";">research.</a> The cited is a study from Price Waterhouse about the UK economy that throws in, as a bonus, I suppose, worldwide rankings of cities by...

Bupkiss. Subprime and jumbo are both small parts of the mortgage market, which itself is only one part of the debt market, which takes in the rest of the consumer debt market, like credit cards and car loans. Then there's corporate debt, and government debt. No large Wall Street investment...

Hmph. I definitely need to figure out a good way to take the other side of this trade. Just an observation, which I will make because I know it will be ignored, which is fine with both me and my wallet: Sarkozy vs Trichet. Watch what happens. Unless I miss my guess, those fireworks will be...

I could agree with that.