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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (42362)	9/26/2005 9:24:21 PM
From: ild	Read Replies (4) \| Respond to of 110194

finance.messages.yahoo.com The Media is in a Real Pickle. by: typical_american_moron 09/26/05 07:17 pm Msg: 123780 of 123815 The producers know that the public hates high energy prices, so the public wants good news, not bad news. The producers have to make numbers each month. If they don't make those numbers, they are toast. One example: I bet that these rants against energy companies that apparently Bill O'Reilly is making every night is pulling down very, very good numbers for the Fox Producer, of that show. Here's my prognosis: This situation will not change anytime soon. In fact, the media is never, ever, ever, going to celebrate a bull maket in commodites. Never. It's need for ratings will not allow it. Here's my advice to energy and commodity investors: Celebrate this. I mean you should be lighting candles and casting your eyes upwards in eternal appreciation. This is the way society works. It's always been this way. We're morons. Humans want fairy tales and there's money to be made in selling those stories. So you can just give up right now, on any ideas you might have that the "dire energy situation facing the USA needs to be faced soberly by our leaders and the media." The United States is going to do what every Society has done before, when dragging itself reluctantly towards facing up, to a problem. And that's this: nothing's gonna happen until the country gets hit over the head with a two-by-four.

To: NOW who wrote (42362)	9/27/2005 8:55:46 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Really not sure what this implies, mostly that they are erratic. There was a $10 billion add yesterday, but from a low level of 20.25 billion offset by a couple coupon passes. The Treasury has a lot of TIOs in the system as well. Is that significant, hard to say. They may drain the repos going forward, and the TIOs will go away once the Treasury starts the big rounds of financing going forward. Going into October there could be big strain on debt markets and rates. wallstreetexaminer.com post 3: wallstreetexaminer.com By next Tuesday, their piggy bank should be about empty, just in time for the Katrina and Rita bills to come due. That's right, the Treasury hasn't actually paid much of those bills yet. As of the last daily Treasury statement they have only paid out about $2B of the $60B+ in emergency spending approved by Congress this month. October also brings bills for quarterly interest payments on the outstanding debt (usually about $25B and rising), and being a new fiscal year, all the government agencies are free to start blowing their new budgets so it's 'kid in the candy store time', not to mention bill payment for the end of year 'spend what you got left' spree. My guess is October borrowing will approach $90B. Most of that being on the short end (4, 13, and 26 week Bills). The reintroduction of the 30 year bond isn't due until next February, so we can't count on that, but they may have to increase the 3, 5, and 10 year note auctions to more than we have become accustom. The Fed so far has been talking tough about not monetizing it. We will see.