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


To: TobagoJack who wrote (82863)6/19/2007 8:51:25 PM
From: Tommaso  Read Replies (2) | Respond to of 110194
 
Greenspan bailed out LTCM, and has been praised for helping then and for the recovery from the 1987 market crash, making the Fed the "lender of last resort." So Bernanke and his cohort may wish to step in dramatically in similar fashion.

I hope not. Let the bastards drown in their own red ink.



To: TobagoJack who wrote (82863)6/19/2007 9:13:34 PM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
Have some higher ups been tipped off about upcoming hyperinflation ?

How do you explain then, a massive stampede to borrow hundreds of billions in just a few months for anything from LBO's to special dividends, buybacks etc.

The amount of money involved and the urgency is unprecedented.

And why is FNM melting up even while millions of mortgages are upside down ?
Is Fed printing money behind the scenes ?



To: TobagoJack who wrote (82863)6/29/2007 2:09:04 PM
From: longnshort  Respond to of 110194
 
FDA blocks China's seafood, cites chemicals

By Gregory Lopes
June 29, 2007

Shrimp, catfish and other seafood farmed in China will be banned immediately from entering the U.S. because they contain harmful chemicals, the Food and Drug Administration said yesterday.

The agency stressed that the contaminated fish are not being viewed as an immediate health risk and said consumers should feel comfortable eating fish currently being served in restaurants, grocery stores and their homes.

However, a nationwide industry alert was issued over China's seafood because the FDA continues to find traces of carcinogenic chemicals in fish imported from China.

It is the first nationwide import ban on seafood.

"There's been a continued pattern of violation with no signs of abatement," said David Acheson, assistant commissioner for food safety at the FDA.

The U.S. imports 81 percent of its seafood. China is a major source of that seafood, accounting for 21 percent of total imports. More than 80 percent of the shrimp consumed in the U.S. is imported, of which 7 percent is from China. About 10 percent of catfish comes from China, according to the National Fisheries Institute.

China is the third-largest exporter of shrimp to the U.S., alongside the Philippines and Mexico, which are also significant seafood suppliers. FDA officials said there are about a half-dozen import alerts on specific companies from other countries that import seafood to the U.S., also for using harmful chemicals.

The FDA will start to detain farm-raised catfish, shrimp, baa, eel and dace, which is related to carp, from China at the border until the shipments are proved free of residue from contaminants that are not approved in the United States for use in farm-raised aquatic animals.

The announcement caught the attention of lawmakers on Capitol Hill, who have been critical of the FDA's job in protecting the nation's food supply.

"Today's revelation appears to be just the tip of the iceberg when it comes to contaminated and dangerous Chinese goods coming into the U.S.," said Sen. Charles E. Schumer, New York Democrat. "There is no question that too many Chinese manufacturers and food producers put the bottom line ahead of safety. The FDA still needs to do much more to address this worsening crisis. We need stricter standards, more thorough inspections, and harsher penalties for Chinese companies and American shippers that turn a blind eye to safety."

The import ban by the FDA comes after several Southern states already blocked the sale of Chinese seafood because it contained contaminants. But FDA officials said the agency was following its normal strategy and was not slow to respond to the situation.

During targeted sampling from October 2006 through May, the FDA repeatedly found that farm-raised seafood imported from China was contaminated with antimicrobial agents that are not approved for use in the United States.

Despite the alert, federal health regulators said that the chemicals found in the fish do not represent a major health risk.

"There is no acute health concern; rather, it is a long-term health issue. We are not talking days, months or even years here, but it is clearly something we wouldn't want to ignore," said Dr. Acheson.

China has been in the news repeatedly in recent months for contaminated products, from toothpaste to pet food to tires, entering the U.S. market. The health concerns triggered a cleanup in China's food industry; Chinese authorities shut down 180 domestic food manufacturers during the past six months for making substandard food or using inedible materials for food production, Chinese news media said this week.

The FDA increased monitoring on products imported from China since health scares over pet food and toothpaste, and the agency says it has been vigorously monitoring seafood since before 2001.

"The focus is on China; we're looking for problems where we think they exist," said Margaret Glavin, associate commissioner for regulatory affairs at the FDA.

Chinese health officials said before the FDA announcement yesterday that the country's exports are safe, issuing a rare direct commentary because of the international scrutiny of its products.

Earlier this week, Chinese officials seized shipments of orange pulp and preserved apricots from the United States, citing high levels of bacteria, mildew and sulphur dioxide. However, Chinese officials said the seizure was not indicative of a tit-for-tat trade war.

The contaminants, nitrofuran, malachite green, gentian violet and fluoroquinolone, are used to fight bacteria and disease in fish. Nitrofuran, malachite green and gentian violet have been shown to be carcinogenic with long-term exposure in lab animals, and the use of fluoroquinolones in animals raised for food may increase antibiotic resistance.

None of the substances are approved for use in farm-raised seafood in the United States, and the use of nitrofurans and malachite green in aquaculture is also prohibited by Chinese authorities. Chinese officials acknowledge that fluoroquinolones are used in Chinese aquaculture and are permitted for use in China.



To: TobagoJack who wrote (82863)7/16/2007 10:10:42 PM
From: shades  Read Replies (1) | Respond to of 110194
 
What? Don't buy more gold?

even as I am unwilling to hedge the US$ proceeds because US$ could well go up as all assets collapse in value.

Do my eyes deceive me old friend? Are you saying US dollar could go up and all assets (which include your precious shiny metal) could fall - OH MY LORD - has the General actually typed this blasphemy!! You will be burned at the stake for turning against the HOLY RELIGION! You better go read fiat money inflation in france a couple hundred more times - how dare you SPEAK OUT any ACTION OR THOUGHT that could mean shiny metal will not go up to 10K by years end!!

Decisions are not easy.

BWAHAHA! I thought you move steathily in the bushes using the force to keep yourself invisible while you use the shovel to bury more GOLD in your back yard - so now the BUY GOLD - ACCUMULATE GOLD mantra is not EASY anymore?? Decisions are EASY - just do what general chen does - BUY GOLD! Phil says lose your opinion before you lose your money - no matter how RIGHT you think you are - hmmm - maybe you are not closed minded guy after all with very limited myopic view.

I will release the name after my accumulation is done.

AFTER YOUR accumulation?!?! HOLY GREED BATMAN! Here I thought you was this nice guy willing to tell people what you was into WHILE accumulating so they could get in the ground floor t00! Be a good man general and not a scum salesman - share your pick NOW and take the meager souls who listen to you on up with you while you accumulate - don't let them wallow in poverty and ignorance while you make all the easy money at the start!!!!! How could coconut be proud of a daddy that buys her lots of new lexus cars but sold out his ethics to do so?!?!? Hmmm scratch that - most daughters I know are VERY HAPPY to have the LEXUS and don't care who daddy had to rob, cheat, steal, mislead, swindle, or corrupt to do so - HAHAHA!

In the mean time, the name has 11 letters in it, or 9 :0)

I knew you were a better man than to take all the EASY GAINS for yourself - thanks for sharing the tip.

I get the tips because, unlike CB Ilaine and such, I treat people correctly and try to learn from them.

I believe you are a really nice guy Jay, but you ally yourself with this guy named elmat. He is so MEAN and hypocritial that people self impose bans on themselves to not have to deal with him - hehe - elmat has never apologized for lying about me and confusing me with brian H - whoever that is - Now you have to beg elmat to let Mqurice come back - even more pathetic - Mqurice I salute you sir - to hell with DICTATOR threads - self imposed ban sounds good - elmat - democracy may not be good enough - but your system sucks and is worse! Every evil dictator possibly had good intentions at the start - but the concentration of all that power went to his HEAD! Absolute power elmat - absolute power! hehe



To: TobagoJack who wrote (82863)7/16/2007 10:15:55 PM
From: shades  Respond to of 110194
 
Freedom General - talk to me.

You say cup of coffee going up to 10 dollars - yet I was planning on coming to china and seeing the forbidden city where some guy I envy got to bust lots of virgin cherries - and now I read I cannot even buy a cup of starbucks for 500 dollars because they have closed up shop. Is this the way to enter the 21st century - limiting the customers options? Even philster drinks starbucks coffee and owns their stock - what was so bad about change and progress and having starbucks latte while I tour forbidden city? I read that the forbidden city is falling apart because they do not have the resources to maintain it - tiles are falling off everywhere - they won't spend dollars to fix that - but they will throw out starbucks who they could tax to help fix the forbidden city - insane!



To: TobagoJack who wrote (82863)7/16/2007 10:20:11 PM
From: shades  Read Replies (1) | Respond to of 110194
 
REAPER DRONES coming to an IRAQI near you!

General how many of the parts of these REAPER drones are made in china?

usatoday.com

Bomb-laden 'Reaper' drones bound for Iraq
Posted 1d 9h ago | Comments 13 | Recommend 7 E-mail | Save | Print |


BALAD AIR BASE, Iraq (AP) — The airplane is the size of a jet fighter, powered by a turboprop engine, able to fly at 300 mph and reach 50,000 feet. It is outfitted with infrared, laser and radar targeting, and with a ton and a half of guided bombs and missiles.

The Reaper is loaded, but there is no one on board. Its pilot, as it bombs targets in Iraq, will sit at a video console 7,000 miles away in Nevada.

The arrival of these outsized U.S. "hunter-killer" drones, in aviation history's first robot attack squadron, will be a watershed moment even in an Iraq that has seen too many innovative ways to hunt and kill.

That moment, one the Air Force will likely low-key, is expected "soon," says the regional U.S. air commander. How soon? "We're still working that," Lt. Gen. Gary North said in an interview.

The Reaper's first combat deployment is expected in Afghanistan, and senior Air Force officers estimate it will land in Iraq sometime between this fall and next spring. They look forward to it.

"With more Reapers, I could send manned airplanes home," North said.

The Associated Press has learned that the Air Force is building a 400,000-square-foot expansion of the concrete ramp area now used for Predator drones here at Balad, the biggest U.S. air base in Iraq, 50 miles north of Baghdad. That new staging area could be turned over to Reapers.

It is another sign that the Air Force is planning for an extended stay in Iraq, supporting Iraqi government forces in any continuing conflict, even if U.S. ground troops are drawn down in the coming years.

The estimated two dozen or more unmanned MQ-1 Predators now doing surveillance over Iraq, as the 46th Expeditionary Reconnaissance Squadron, have become mainstays of the U.S. war effort, offering round-the-clock airborne "eyes" watching over road convoys, tracking nighttime insurgent movements via infrared sensors, and occasionally unleashing one of their two Hellfire missiles on a target.

From about 36,000 flying hours in 2005, the Predators are expected to log 66,000 hours this year over Iraq and Afghanistan.

The MQ-9 Reaper, when compared with the 1995-vintage Predator, represents a major evolution of the unmanned aerial vehicle, or UAV.

At five tons gross weight, the Reaper is four times heavier than the Predator. Its size — 36 feet long, with a 66-foot wingspan — is comparable to the profile of the Air Force's workhorse A-10 attack plane. It can fly twice as fast and twice as high as the Predator. Most significantly, it carries many more weapons.

UNDER THE RADAR: Air Force ramps up in Iraq

While the Predator is armed with two Hellfire missiles, the Reaper can carry 14 of the air-to-ground weapons — or four Hellfires and two 500-pound bombs.

"It's not a recon squadron," Col. Joe Guasella, operations chief for the Central Command's air component, said of the Reapers. "It's an attack squadron, with a lot more kinetic ability."

"Kinetic" — Pentagon argot for destructive power — is what the Air Force had in mind when it christened its newest robot plane with a name associated with death.

"The name Reaper captures the lethal nature of this new weapon system," Gen. T. Michael Moseley, Air Force chief of staff, said in announcing the name last September.

General Atomics of San Diego has built at least nine of the MQ-9s thus far, at a cost of $69 million per set of four aircraft, with ground equipment.

The Air Force's 432nd Wing, a UAV unit formally established on May 1, is to eventually fly 60 Reapers and 160 Predators. The numbers to be assigned to Iraq and Afghanistan will be classified.

The Reaper is expected to be flown as the Predator is — by a two-member team of pilot and sensor operator who work at computer control stations and video screens that display what the UAV "sees." Teams at Balad, housed in a hangar beside the runways, perform the takeoffs and landings, and similar teams at Nevada's Creech Air Force Base, linked to the aircraft via satellite, take over for the long hours of overflying the Iraqi landscape.

American ground troops, equipped with laptops that can download real-time video from UAVs overhead, "want more and more of it," said Maj. Chris Snodgrass, the Predator squadron commander here.

The Reaper's speed will help. "Our problem is speed," Snodgrass said of the 140-mph Predator. "If there are troops in contact, we may not get there fast enough. The Reaper will be faster and fly farther."

The new robot plane is expected to be able to stay aloft for 14 hours fully armed, watching an area and waiting for targets to emerge.

"It's going to bring us flexibility, range, speed and persistence," said regional commander North, "such that I will be able to work lots of areas for a long, long time."

The British also are impressed with the Reaper, and are buying three for deployment in Afghanistan later this year. The Royal Air Force version will stick to the "recon" mission, however — no weapons on board.

Copyright 2007 The Associated Press. All rights reserved. This