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"Give me ONE rational explanation for Today's rally" Your expectations of market behaviour are irrational I am afraid. regards f9

The 50T as I understand it is counting both ends of the CDS I don't imagine these guys are complete morons ... insatiably greedy yes but moronic, no. I am wondering what is going on in the back office that they are not telling us, as clearly the novel idea of chucking a few trillion into a...

Yes I noticed that Bernie has lost his voice. Did you see Paulson yesterday at the news conference ..... a perfect example of a very very frightened man. regards f9

I suppose it would be considered impolite to ask what securities are anchoring the 5T and rising debt. regards f9

Yes atimes has some very good essays from a wide variety of contributors. In answer to your question, Bloomberg tried to ask the Fed the same thing the other day and Bernie told them to piss off. China is spending 600M internally which will no doubt be drawn down from dollar reserves...

"The Bank of England yesterday warned there is a 20 per cent chance the UK could spiral into deflation in 2010." IMO there is a 100% chance that UK will deflate in '09, in fact they would be there now if it were not for the grand adventures of Santa Claus next month. Dear old Santa is...

I am still slightly lost here as jobs relate directly to sales not to production. If gov advances money to GM (loan, bailout ... give it any name) and in '09 the market drops to 10M units and GM maintains it's market share, then it needs to drop half of it's staff. If gov does not bailout...

SA What are your thoughts on the Brasilian economy over the next couple of years. Also you thoughts on the Real and real estate would be given careful thought. regards f9

Stability comes from the middle class, particularly if you can hook them onto credit. Destroy this and you destroy the middle class along with their hopes. The difference being that their fears now turn into anger. regards f9

Well put, but sadly open economies and floating currencies are a apart of the downside of global economy. Small countries, Iceland, NZ etc have laid their economies, Real estate and capital markets completely open to the savage greed of the large corporations and hedgies and the ongoing...

You may well be correct, but US road to failure is quite different to that taken by Iceland. I am very surprised that you made this statement "above is a false statement." since the first steps to failure involved the unwinding of the carry trade. The Krona lost more than half it's value...

Stay with German Trader since he has no problem in following the logic. regards f9

Ever tried eating, drinking or breathing one. regards f9

TJ Assuming you can make money from trading then why don't you get out a see a little of the world. Firstly you need to decide what part of the day/night you wish to devote to trading, then you can look up and down the latitudes and pick a city. You do not need to commit yourself to any...

I am unfamiliar with the term "chipster" but I have Hank on my "rogue persons" list as a god-bothering teetotaler amongst other things. Quite frankly he is going to have to work hard to remove his name from the list before I can declare him "employable" Once on the list (also known as...

Is the US ... a giant Iceland? In a word .... NO Population = 300K plus a bit. Icelanders are principally fishermen with a little storekeeping thrown in and of late a bit of tourism has been added to the mix. In a sense it is a small partner to New Zealand, Uruguay and several other...

I read on Bloomberg that closure of GM would cost 2.5M jobs in the first year. Can someone explain this to me please. Obviously there needs to be a run-on of spare parts followed by a phased withdrawal over a number of years, but I really cannot see the reality of a figure like 2.5M...

Yes, very well put. When we review the economic history of US, it was lead by an unquenchable desire to succeed. Individual effort was gradually replaced by team effort lead by good solid engineering. Work became a cornerstone of the US culture and the country grew. Then greed and...

US consumers are currently buying new cars at the annualised rate of 10.5M and dropping. Slightly down from the peak of 17M a couple of years ago you might think. Along comes O and bails out the big 3, but what are they going to do, what are they going to produce and for whom. Maybe...

Look at Taiwan's response to their Freddie and Fannie holdings even after US gov initiated the bailout. I am sure that Taipei and Beijing put their heads together before the Taiwan announcement regards f9