Emergency fed meeting scheduled for tomorrow?

[bond_trad3r]

Forex is being a bitch. Wild.

 

[Trendytrader]

Fed to push harder on the string?

 

[S2007S]

How much more stimulus are they going to throw at this crisis??? Going to get even more interesting as 2010 continues.

 

[kashirin]

Quote from S2007S:

How much more stimulus are they going to throw at this crisis??? Going to get even more interesting as 2010 continues.

it doesn't matter. this is the end game

people don't trust paper currencies anymore

they will eventually get GDP in dollars +10%
what will it change?

buy gold,
you already lost 80% if you have been in dollars in the last 10 years
but at least there is a chance to save something

 

[ssaya401]

Quote from kashirin:

it doesn't matter. this is the end game

people don't trust paper currencies anymore

they will eventually get GDP in dollars +10%
what will it change?

buy gold,
you already lost 80% if you have been in dollars in the last 10 years
but at least there is a chance to save something

I think the overwhelming majority still believe in paper currencies. On some non-trading forums I see people saying "It doesn't matter what our debt is, it's not like they can actually claim that debt." They are implying that our military will step in if a foreign power tried to collect on debt. That is their reasoning for the strength of the dollar and our economy. They actually believe this.

Try to bring up credit ratings and investments and they just totally ignore it.

 

[Halal Burger]

Quote from TGregg:

We'll pay you to come take a loan from us.

Or if you're a saver/depositor, you deposit $100 into the bank and at the end of the year you $95 :eek:

 

[krazykarl]

This isn't an emergency meeting. Someone should change the title of this thread to make it accurate.