devaluation of the dollar

fearless9 · Dec 16, 2008

Quote from intradaybill:

I guess you and I live in parallel universes ...

No he doesn't .. he is scared out of his wits and like any frightened child he pretends everything is rosey.
It is the only way he can cope with each day.

regards
f9

intradaybill · Dec 16, 2008

Quote from brocklanders:

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>

It looks nice though. Family car. You and your woman in the front and Mr. Inflation and Mr. Plunging Dollar in the back.

eagle · Dec 16, 2008

When did you hear our stock_trader keep his words.

Quote from harkm:

I thought the market is forward looking? Haven't you been saying that for at least a year?

Landis82 · Dec 16, 2008

Quote from riskfreetrading:

His actions are telling a lot of things. The guy is compeletely lost and is an ignorant.

I would suggest to you that Bernanke's actions today are more telling of an ECONOMY that is absolutely DEAD in the water . . .

And for what its worth, Fed Funds spent most of November averaging around 0.40 percent.

brocklanders · Dec 16, 2008

Quote from intradaybill:

It looks nice though. Family car. You and your woman in the front and Mr. Inflation and Mr. Plunging Dollar in the back.

You might was well get a nice car...life is too short and you can't take your worthless dollars with you...

Landis82 · Dec 16, 2008

Quote from Ivanovich:

I think that he believes he's trying to get in front of this thing, and he no longer wants to play catch up. If this doesn't work, I truly believe the Fed is out of tricks.

The FED is out of tricks?
Who are you trying to kid?

It's not just about interest rates, or have you not looked at the FED's balance sheet over the past couple of months?

They can go into the market place and buy just about every asset in America, and beyond.

fearless9 · Dec 16, 2008

Quote from Landis82:

I would suggest to you that Bernanke's actions today are more telling of an ECONOMY that is absolutely DEAD in the water.

That is why the rate cut was so dramatic today.

I imagine that dead water is the only course of action right now until this huge ponzi scheme unravels and we are left with what is the real US economy.

Then and only then can a plan for growth be assembled and put into play but it will not go anywhere near 15T per year.

Time is the only real player right now.
Fiddling with the controls only serves to confuse.
However collateral People feel that they must be seen to fiddle probably because they have never known an honest days work in their life.

regards
f9

intradaybill · Dec 16, 2008

Quote from Landis82:

They can go into the market place and buy just about every asset in America, and beyond.

Sure and send oil to $200 and beyond.

Any kind of policy is restricted by energy prices and imported inflation. Given the trade deficit, the FED just delivered to itself a pink slip.

stock_trad3r · Dec 16, 2008

Quote from intradaybill:

Sure and send oil to $200 and beyond.

Any kind of policy is restricted by energy prices and imported inflation. Given the trade deficit, the FED just delivered to itself a pink slip.

what do you have against the free market? Why do you want to see the stock market and the US economy fail?

Landis82 · Dec 16, 2008

Quote from intradaybill:

Sure and send oil to $200 and beyond.

Any kind of policy is restricted by energy prices and imported inflation. Given the trade deficit, the FED just delivered to itself a pink slip.

I would suggest that it's a "bet" that the FED can make given the fact that oil prices and most commodities have collapsed due to a much weaker GLOBAL economy.