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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (7172)	5/27/2004 12:39:54 PM
From: yard_man	Read Replies (1) \| Respond to of 116555

yeah -- I don't like a lot of lightning. That will get me inside.

To: Knighty Tin who wrote (7172)	5/27/2004 12:44:56 PM
From: mishedlo	Respond to of 116555

Fed's Geithner: U.S. economy strong but sees risks By Rex Nutting WASHINGTON (CBS.MW) - Banking supervisors are engaged in a never-ending "arms race" with the increasingly complex financial system they are supposed to regulate, New York Federal Reserve Bank President Timothy Geithner said Thursday. In remarks to the Economic Club of New York, Geithner said the U.S. economy and financial system seem to be sound. Both borrowers and lenders seem to be preparing themselves for an era of higher interest rates, he said. But he warned that there could be hidden risks. "The frontier of innovation inevitably advances somewhat ahead of the pace of improvements in the risk management and supervisory infrastructure," he said. "We need to make a greater investment in looking at risks in the financial system as a whole, not just those that have their origin in banks."

To: Knighty Tin who wrote (7172)	5/27/2004 3:07:33 PM
From: mishedlo	Respond to of 116555

Terrorists are now targeting Saudi Arabia's oil infrastructure. How bad could things get? NOT SO long ago, a certain well-known international figure penned a heart-felt speech he called his “Letter to the American People”. In it, he said: “You steal our wealth and oil at paltry prices because of your international influence and military threats. This theft is indeed the biggest theft ever witnessed by mankind in the history of the world.” The author was Osama bin Laden. ---->> economist.com