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The news today was terrible with all the layoffs and yet the character of sentiment has changed. Unlike in the fall as we approached the Nov low every bit of bad news would send the market in to a free fall, that has not been the case even in the last week or two as the market headed back down...

http://blogs.wsj.com/economics/2008/02/08/non-borrowed-reserves-false-alarm/

Only Germany and not by much. http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Implications in the UK So what does all of this mean for us? The increasing loss of confidence in the US matters - because if investors think the US is in danger of going bankrupt, what must they think of us? Britain has built its economy on debt and its economic growth has also been fuelled...

I am not clear on the amount held by the UK gov so you may well be right, my understanding was that of the $338B or so held by UK based accounts 239B was held by the UK gov but I may be wrong. http://en.wikipedia.org/wiki/List_of_countries_by_foreign_exchange_reserves...

On my more optimistic days i see this too though I wonder about the 20 year time frame, it might be more like 50. In the meantime how do we survive long enough to get there. Does anyone see a scenario where rates don't skyrocket?

Like Germany? These countries have their own looming deficits to finance. The UK is the biggest European holder of our debt with 239B, no one else in Europe comes close to that figure (and size of economy has nothing to do with it, in the whole Eurozone there is only about 0.5T USD in...

Brush up on your Korean stocktrder, sounds like a job might be opening up for you over there. With your incessant unrelenting bullish posts (and I only see what people quote! ) you are the one man propaganda machine that S Korea is looking for!

or:Where is the money going to come from? CBO projecting $1.2T deficit, $1T stimulus for the next 2 years, Obama saying that we will have years of $1T deficits. So say $5-6T total debt (remember this is US national debt only) needed to be financed just during his 1st term assuming no...

check your math

Not only wrong but perhaps not even possible. The cure may eventually be worse than the disease, did you see the loan mods that are being done, $1M at 1% 5 year ballooon, $878 a month, just pushing the problem on down the road, in the mean time the bank is borrowing TARP money against that...

Obama or no Obama I think that it is now inescapable that we will have to collectively take our medicine for the excesses of the past several years. Time for men to be men again, maybe in the long run it will even turn out to be a good thing and bring some character back to a nation of foppish...

Looks like a tech buy program is being primed. Guess it was a sell program instead! Ouch.

http://mrmortgage.ml-implode.com/2009/01/07/wamus-new-1-million-5-year-1-balloon-loan-878-per-month/ who are the chumps still paying 5-8% on their jumbos. Maybe this is the way to save the financials, just give everyone $1M leverage for $878 a month and we can trade our way out of this...

CBO now saying that 09 budget deficit will be $1.2T PRE STIMULUS! With unemployment to top 9% in early 2010 http://www.marketwatch.com/news/story/us-deficit-hit-12-trillion/story.aspx?guid=%7BF37B0793%2D3B6F%2D4D32%2D9F4B%2D63F5EF18AF6D%7D&siteid=bnbh

Here's another site that has some interesting info: http://www.drnorthrup.com/womenshealth/healthcenter/topic_details.php?topic_id=94 Have a great vacation!

I used to work 16-20 hour days with high stress, tons of caffeine, and sleep interrupted by trading alarms. I actually enjoyed it at first but after a few years I started getting burnt out. I was drinking so much caffeine and eventually the emotional trauma of a death of someone close just did...

Don't, its too depressing. There is a great book called "Where doe sthe money go" that goes in to our upcoming unfunded liabilities. I bought copies for everyone I knew when it came out last year but with the deficits that we will be running the next several years I am close to the point of...

With a freind like that who needs enemies :) he certainly got the better half of the bet but probably wanted to end your bragging about your trading once and for all :D

Did do much to help the TA-25 which is down to 700 from 1100.