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Politics : Welcome to Slider's Dugout

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To: jim_p who wrote (7286)	12/14/2007 9:25:49 AM
From: jim_p	Read Replies (3) of 50716

Simply amazing!! Still no solution to the credit crisis. Whodathunkit? SIV's now being placed back on the balance sheets of major banks, others will now have to follow. Banks balance sheets are now showing that they are undercapitalized and they can't now continue to expand credit which was the driving force of the economy/bull markets over the past 7 years. Whodathunkit? The FED continues to show signs of desperation by lowering interest rates and printing money like there is no tomorrow when inflation is back to a 34 year high (don’t think they didn’t know this was coming) which we haven't seen since the oil embargo of 1973, and surprise surprise it isn’t helping one bit. The TED spread is warning of a market crash, and the markets continue to go higher due mostly to all of the $USD's held by Sovereign wealth funds that want out of treasuries and are scrambling to buy hard assets before the USD crashes. All of that excess liquidity our brilliant leaders used to avoid a recession for the past 7 years is now coming back to the US and buying up our hard assets instead of supporting our deficit spending and lack of savings. Interesting times we live in. Jim

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