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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (12057)	12/22/2001 12:35:41 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

The Bundesbank Director on e-money w4.siemens.de

To: TobagoJack who wrote (12057)	12/23/2001 3:11:39 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

On the subject of a candidate abra cadabra: converting greenbacks to gold. This dream, drive, obsession ... has been out of fashion (a variant of it) for the last, oh well, three four hundred years. What I can dig out from my memories the last 40 years, is an experiment at Oak Ridge Nuclear reactor, where they created Au by bombarding U with fast neutrons - well, the yield left something to be desired, but again, they were looking for Pu -. So, what about reviving some good old-fashioned alchemy? You got to have a dream to go single mindedly one-position/100%-NAV. Never mind if it turns bad (or wet) on you. If Don Quichote did not exist, wind mills would invent him. Now to a completely different subject - from Nolands epistle for this week: >> ...The latest data from the Investment Company Institute has total money market fund assets increasing $26 billion for the week, having surged $255 billion (45% annualized) over the past 14 weeks and $522 billion, or 28%, year-to-date. Behemoth mortgage originator Countrywide Credit reported ... $42.3 billion of mortgages during the quarter, up 26% sequentially and 139% y-o-y. During the first three quarters of its fiscal year, Countrywide assets surged 54%. Curiously, Fannie Mae and Freddie Mac combined to increase their retained portfolios by only $9 billion during November, about a 9% annualized rate. Mortgage purchase commitments, however, appear to have approached an unprecedented $100 billion. Knowing that there have been massive mortgage originations during the past two months and that bank assets have not been growing accordingly, the question then becomes, where are they? Could it be…the repo market? The last sentence made me laugh out loud. Anybody here remembering the SNL Church lady? Her "Could it be.....SATAN?!" see gurlpages.com for details. dj