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To: pater tenebrarum who wrote (61488)1/25/2001 10:43:45 AM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
so... HB..... we need to go long. it will never come down.

dialing for dollars AG's got a hotline to the press room



To: pater tenebrarum who wrote (61488)1/25/2001 10:52:07 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
smells bad...



To: pater tenebrarum who wrote (61488)1/26/2001 1:29:01 AM
From: Agamemnon  Read Replies (1) | Respond to of 436258
 
<the Fed has printed $160 billion dollars in fresh money over the past six weeks alone>
I've always wondered what elaborate mechanisms are used to increase M1... (i.e. a new technology causes real increase in wealth which warrants > M1) HAHA
It seems financial institutions are failing all the time but being secretly bailed out. Any good reading material on this?



To: pater tenebrarum who wrote (61488)1/26/2001 3:28:04 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
hb

you made the front page again.

congrats!



To: pater tenebrarum who wrote (61488)1/26/2001 3:37:10 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
I remember when I was graduating in '88 -- we had some important French fellow telling us how Japan was going to own the US if we didn't get with it.

I thought he was nutz -- turned out he was.



To: pater tenebrarum who wrote (61488)1/26/2001 4:30:59 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
I love it: they labeled your post: "Time for the Govt to Step in".
UFB!!! UFB!!!
Orwell,oh' Orwell....
They might have added: time for the govt to step in the sh*&!



To: pater tenebrarum who wrote (61488)1/26/2001 4:36:43 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
Good read on earnings and Euro/dollar.
He blows it with his analysis of fed intervention though:
"Brett D. Fromson: How would you characterize Fed monetary policy in recent years?

Ray Dalio: Cautiously reactive. The Fed has always done the most obvious thing and has always done it in a very gradual way. "
thestreet.com



To: pater tenebrarum who wrote (61488)1/26/2001 5:13:49 PM
From: TimF  Read Replies (1) | Respond to of 436258
 
just look at California, there you have it. EIX and PCG have been defaulting on their commercial paper, and instead of bankruptcy, we get intervention by the state.

True but it was clumsy intervention by the state (deregulating the prices the utilities pay while keeping a limit on the prices the cutomers pay) that got the utilities in CA in trouble in the first place.

Tim



To: pater tenebrarum who wrote (61488)1/27/2001 2:33:38 PM
From: Jimbo  Read Replies (2) | Respond to of 436258
 
I am not sure I would characterize the US economy anywhere near the predicament that Japan did (and still does) find itself in with respect to a credit bubble - IMHO months ago the FED cautioned corporations to wise up and limit loans to credit unworthy companies .. and they took heed. I know companies like CSCO certainly was very conservative in their lending activity.



To: pater tenebrarum who wrote (61488)1/29/2001 1:00:42 AM
From: NickD  Read Replies (1) | Respond to of 436258
 
HB,

Great post. What is the source of your data for the pump priming $$ and the bad loans amount.

What do you think will happen to the market in the next two months based on what AG is doing and the bad loans. I'm confused, as the stats say that when the Fed reduces rates, that marks the market bottom, 17 out of 21 times.

Time to buy some NEM?