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


To: Joe Stocks who wrote (81189)4/26/2007 1:07:05 PM
From: russwinter  Respond to of 110194
 
My best guess is China increases interest rates.

That's not really the solution. They need to cut the Yuan loose, and stop recycling USD back into Ponzi units.



To: Joe Stocks who wrote (81189)4/26/2007 1:44:27 PM
From: robbie_nw  Respond to of 110194
 
twisted anecdotal side note about this weekend...probably nothing more than entertaining rumor & bullsh*t.

I have a friend that works with senior exec at an international construction contractor. This co has some large domestic contracts with the FED which fund on a weekly basis. Three weeks ago, their weekly funding ($50 million due that week)got pulled with no explanation. After comparing notes with other peers/competitors - they all got their funding pulled that week (in excess of $250M aggregate due that week).

Their gov't contacts have been hedging and squirming trying to explain why the funding instantly dried up and when they will resume. Lawsuits have been filed. Apparently a comment was made this week at a heated point of frustration "After this weekend you'll have a better understanding of our dilemma".

I have no clue what that means - if anything.