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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: ubetcha who wrote (15137)8/14/2002 1:07:00 AM
From: ubetcha  Read Replies (1) | Respond to of 82485
 
Well the futures are down, dollar down, and gold is up. If this keeps up, the PPT and the ESF will sure be busy tomorrow. Allen may have to get up in the middle of the night and oil the presses. Got to keep that printing going.
Maybe we can all refinance our homes for the fourth time, and save this economy for another month.

Terry



To: ubetcha who wrote (15137)8/14/2002 8:50:02 AM
From: sea_urchin  Respond to of 82485
 
Terry >the one who has our balls between his teeth is the Fed

I see you like my expression! Very appropriate in the circumstances.

From what I can see from here (5000 miles away), the Fed has its own balls between its teeth! It's damned if it does and damned if it doesn't.

Meanwhile the debt piles up all over the place and deflation looms like a circling vulture. IMO, the Fed had hoped to inflate its way out of the debt problem because it's quite impossible to settle the debt any other way. However, it's now clear that it can't do that because all the extra money will do is make more bubbles.

Every which way one looks there's trouble.