Economic Amrageddon - Bond Insurers About To Default

Quote from EMRGLOBAL:

Have you "Professional" traders learned anything since your days of trading?

What, you think there will be "run on banks", Massive derivitive blowouts, market crash?

LOL, read between the lines and maybe, just maybe you will make a few bucks in 08.

enjoy
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In '98 oil when oil was $8 a barrel and you stood on the street corner and told the world it would be $100 a barrel in '07, you would have been hauled off in a white van.............
 
Quote from Trendytrader:

Here's the link to the muni bonds> makes you wonder what's safe.....jeez I'll have to put the cash under my mattress at this rate.

http://www.fitchratings.com/corpora...sector=3&detail=&body_content=spl_rpt&m_mode=
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Trendytrader: Thanks for your posts. So just where would you put 6figure money market funds for the the next 6 to 12 months.
I called Fidelity (Fido) a couple months ago and their main cash reserve has various bonds in it as do many money market funds. So much for money market funds holding the $1 per share value through this in 2008.
Thanks... agpilot
 
The entire American derivatives industry is a legalized ponzi scheme.

No one wants the USD anymore and the American taxpayer is maxed out. Inflating the USD and borrowing cheap JPY may prolong the inevitable as the smart money tries to rotate out. However when it all comes crashing down, there will be a global economic Tsunami.
 
I'm far from a Peter Schiff kool-aid drinker... but the 10,000 to 1 liability-asset ratio has to be resolved...

and the mullet haired Joe12Pack aint gonna pony up to make MBIA whole any time soon.........

puts..puts...puts.........
 
So what's the position to be in? Land? Paper cash in a safety-deposit box? Stocks will lose as all the margin can no-longer support inflated stock prices. Would short positions actually be honored (or puts) in a complete U.S. financial meltdown? How far would gold skyrocket? Maybe Krugerrands are the place to be
 
Quote from agpilot:

Trendytrader: Thanks for your posts. So just where would you put 6figure money market funds for the the next 6 to 12 months.
I called Fidelity (Fido) a couple months ago and their main cash reserve has various bonds in it as do many money market funds. So much for money market funds holding the $1 per share value through this in 2008.
Thanks... agpilot
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I called my well travelled money market fund and asked them what kind of crap was in the fund at that moment (given that about 5% of the fund was in some kind of CMOs just to gun the yield by about 20 bps over bernanke t-bills)

and I got a scripted answer that was obviously lawyer written..

bye bye...but that's just me...
 
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