carranza2,
Great insight.
If the people on SI like you can figure this out in 24 hours (and I am impressed by all the effort to understand this by the SI thinktank), then so should those that are currently selling dollars. Thus, the scam to nationalize/monetize the stinky debt on the big banks books will be seen for what it really is. And the dollar should continue to weaken.
This looks like Ben thinks he is clever enough to have cake and eat it too. Here is something else. Do the powers WANT to believe this bs? Illusion is reality and all that bs, at least in the short term. So, everyone knows that .72 was the whisper number, and now that it is hit, Ben pulls a rabbit out of the hat, in direct opposition to his public M.O. of <liquidity as far as the eye can see and forever>.
Maybe Fridays 10 billion drain is just cover for more cuts, but cuts are not working, so maybe Ben gets wise and pulls a Volker for ONE meeting. I dunno, but this is tough call. A .25 will be seen as NO CUT.
At the very least, Ben has scared the hell out of a lot of traders. You said, <slick>, but I think it is just style without substance, and those suckers with dollars will smell it quick.
GT
TH |
