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Er, does Goldman have a vested interest in people believing it's all over?

He shouldn't really be allowed out without his schoolteacher Mom, not with horrid bankers bullying him to lower interst rates so they can avoid insolvency at the expense of the Nation. If he continues to talk out of his @rse with statements like that and his"contained" buffoonery/lie then his...

gummint brokered mergers (after split into good bank bad bank) as an alternative to failures and bank runs.

Thanks risktaker, very useful in this format.

Nice monitor :D

Thuis article sums up nicely the fact that rate cuts have done virtually nothing to solve the problems in the credit markets so we have inflation and a weak USD all for nothing because of the academic buffoon, or more likely because he was cutting to allow an upward revaluation of balance bank...

Good point. Can't pay yur mortgage? Sell your stocks, your 60" widescreen, SUV, Boat, Harley etc for the going rate. Good principle, but they were probably bought on credit too, and the resale market for granite kitchen tops is probably saturated...........................

Noe does Bush, although he did hear that gasoline was quite exensive now.

This is why they will cut. They are using cuts to try and maintain balance sheet solvency in the banking sector in the hope that a major bank won't reach a situation where it can't deny it is anything other than technically insolvent (negative equity)...

Yet :D

The judges confused leverage with brains obviously.

Maybe there is an expectation of carry trade unwinding on market turmoil- not good for AUD - note that Yen is up vs USD.

Metastock Quotecenter carries ASX stocks and options. $135/month for an institutional grade data and charting package. There are others for ASX and other main Asian markets- Quotepower?? I found eSignal Asian data was corrupt and I doubt they have fixed it.

Leeson was a star.

The decision to liquidate immediately despite adverse market effect and the possiblity to recover is I suspect more a corporate politics/job preservation decision than a market take decision. If you hold back from liquidating and it goes against you the question will by why didn't you liquidate...

Stopped myself out of what would have been some nice shorts on the CNBC/Public rate cut mania. It is important not to underestimate just how stupid the public are. Decided after that to confine my shorting to puts, but unfortunately Oz puts are not quoted far out enough.

The function of the Fed is to assure banking profits. By not passing on the lower interest rates banks improve their spread and thus profit margins. This happens every time in every market. If Bernanke is such an academic buffoon that he did not know this there is no hope. I would rather believe...

Yes, look at the advertisers, it speaks volumes.

Capitalism is dependent on the consumption of manufactured goods, war is the most efficient means of consumption yet devised. K. Marx He may have had a point bearing in mind that defence manufacturing still takes place in US. Defence contracters shareprices have not exactly been hurting...

SEC reaction will probably be to regulate trades by retail traders trading from home. We will probably have to run our trades past our brokers compliance dept before we can put it on.