devaluation of the dollar

I agree with Cayman. I have to admit that Bernanke is right on, finally taking the bull by the horns and being aggressive. He is ahead of the curve, if you compare him with Europe.

Last week, BOC aggressively lowered rates 75 bp, and our debt is minimal. USD may well come swinging back.

Alot of liquidity is being sucked out of the market, as the hedge funds are now set to liquidate.
 
Quote from riskfreetrading:

Could tell them what was the price at close of Friday?

Of just 10 days ago. Then they might feel the dizziness
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I didn't want to give anyone a heart attack :D
 
Quote from sumosam:

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A lot of liquidity is being sucked out of the market, as the hedge funds are now set to liquidate.
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Why are the hedgies liquidating in the face of rate cuts and fed inflationary action.

regards
f9
 
Even with the low rates banks won't be able to lower loan rates due to negative real interest rate. They are also required to give back to the government 5% on the money they got.

Lowering interest rates won't do anything to correct the problem. People cannot borrow more and banks won't lend money and make negative returns.

I suspect they know that and they want to induce inflation to wipe out the debt of the government and the consumers. The losers will be the depositors and foreigners who hold bonds.

Only when the debt is drastically reduced things can return to normal.

Isn't that obvious even to a child?

Then you make a Panamerican currency, the Amero, and you start all over, you can go for 50 more years until you are faced with the same problem.

By the way, Porsche's new model is called Panamero...what a concidence...
 
Quote from intradaybill:

Even with the low rates banks won't be able to lower loan rates due to negative real interest rate. They are also required to give back to the government 5% on the money they got.

Lowering interest rates won't do anything to correct the problem. People cannot borrow more and bank won't lend money and make negative returns.

I suspect they know that and they want to induce inflation to wipe out the debt of the government and the consumers. The losers will be the depositors and foreigners who hold bonds.

Only when the debt is drastically reduced things can return to normal.

Isn't that obvious evem to a child?

Then you make a Panamerican currency, the Amero, and you start all over, you can go for 50 more years until you face the same proble.

By the way, Porsche's new model is called Panamero...what a concidence...
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wrong again

the national deficit, personal debt, and credit card debt will increase because wages, personal income, and productivity continues to rise.
 
Quote from stock_trad3r:

wrong again

the national deficit, personal debt, and credit card debt will increase because wages, personal income, and productivity continues to rise.
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I guess you and I live in parallel universes then...

Good for you...enjoy your prosperity!
 
Quote from intradaybill:


By the way, Porsche's new model is called Panamero...what a concidence...
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Close, it is the Panamera. But nice try though...i think you'll still be able to buy it in dollars for the time being.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2224276>
 

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