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To: Zardoz who wrote (92312)12/31/2002 7:17:55 PM
From: E. Charters  Respond to of 117317
 
I made ham sandwich today, and did some squid jiggin' does that count? I was studying the Zardoz Manual for Self-improvement and Leisure Pursuits. I like you chapter on Repetitive Self Satisfaction with Simple Hand Tools. Beats TV and is cheaper than cable. And making fixings from the dumpster sure saves on trips to the market. Got to hand it to you.



To: Zardoz who wrote (92312)12/31/2002 7:39:38 PM
From: long-gone  Respond to of 117317
 
<< I figure if I leave that'll leave you morons left to your own. I doubt by next week any of you'se will still know how to feed yourselves. >>

Any who calls themselves professional yet missed the (often here predicted) move i gold should take call flinging about the term "moron".



To: Zardoz who wrote (92312)1/7/2003 12:04:12 PM
From: long-gone  Respond to of 117317
 
Greenspeak or doublespeak?

Release Date: January 6, 2003

For immediate release

The Federal Reserve Board announced Monday it has approved requests by the twelve Federal Reserve Banks to establish primary and secondary credit rates of 2-1/4 percent and 2-3/4 percent, respectively, effective January 9, 2003.

These discount rates are the interest rates that depository institutions will be charged for credit extended under the Federal Reserve's new primary and secondary credit programs that the Board approved on October 31, 2002. These programs replace the adjustment and extended credit programs, which will be discontinued as of January 9.

The Federal Open Market Committee's current target of 1-1/4 percent for the federal funds rate was not affected by this action. Thus, the establishment of the new discount rates does not represent a change in the stance of monetary policy, and the general level of market interest rates should not be affected.

Primary credit will be available for very short terms as a backup source of liquidity to depository institutions that are in generally sound financial condition in the judgment of the lending Federal Reserve Bank. Based on their current financial condition, most depository institutions will qualify for primary credit at the outset of the program. Secondary credit will be available in appropriate circumstances to depository institutions that do not qualify for primary credit. The seasonal credit program is unchanged.

Reserve Banks will establish rates on primary, secondary, and seasonal credit at least every two weeks, subject to review and determination by the Board of Governors, through the same procedures that have been used in the past to set the rates on adjustment, extended, and seasonal credit.
federalreserve.gov