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

To: $Mogul who wrote (83592)	7/13/2007 7:13:13 PM
From: shades	Read Replies (1) \| Respond to of 110194

That has Liquidity? Like treasuries used to have liquidity? In the spirit of Mish - inflation - what the heck is it? I am going to ask you - liquidity - what the heck is it? en.wikipedia.org Market liquidity is a business, economics or investment term that refers to an asset's ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value. Just because you may think yen are liquid, does not make it so, not too long ago certain tranches of CDO's were thought to be liquid and bear stearns found out the hard way that was not the case. I see dealers on the corner selling crack rock and hookers selling sex - that is LIQUID - I dont see anyone on the corner selling treasuries or jap yen - if civilization collapses and gold goes to 10K an ounce - what am I gonna have better odds LIQUIDAITNG - the crack, cocaine, moonshine, exstacy, hookers sex, or jap yen and gold bars?? My grandpa lived through the depression, he could have worked in the gold mines - he chose to make moonshine. What is LIQUID right now while the bankers are in power and the world financial system is in tact can change RADICALLY if civilization breaks down LIKE THE GOLDBUGS DREAM OF - just ask the people in NEW ORLEANS. MAD MAX BEYOND THUNDERDOME - didn't matter if you had gold or yen or dollars - what mattered if you got your pistol out before the other guy - just like in new orleans during katrina.

To: $Mogul who wrote (83592)	7/15/2007 9:39:57 PM
From: shades	Respond to of 110194

Cellulosic Ethanol Plant In Georgia (u still haven't answered my question about your helocs - why not?) HAHA a USE for PAPER MONEY CONFETTI - ENERGY! HAHA! So now my worthless hoard of cash can make my car go - but can my gold?? Why not just burn the wood chips and paper money for heat? hehe ecogeek.org The state of Georgia just granted Range Fuels a permit to create the first cellulosic ethanol plant in America. HECK YES! This is very exciting...why? Quick Run Down! Cellulosic ethanol is ethanol that comes from cellulose instead of sugar. This is good because most plants don't have a lot of sugar, but all plants have lots of cellulose. So, instead of using food crops, (like corn and sugar cane which have lots of sugar) to create fuel, we can use any crops, like mown grass clippings, fallen tree limbs or corn stalks (instead of corn ears) to create ethanol. Unfortunately, it's also much more difficult to make ethanol from cellulose. But in the last five years an intense amount of research and capital has been thrown at this problem, and now we're seeing results. Cellulosic ethanol can contain up to 16 times more energy than is required to create it! If that doesn't sound ridiculously impressive, consider that gasoline contains only 5 times more energy than was required to create it and corn ethanol is totally lame, containing only 1.3 times the energy required to create it. So yes, this is very exciting. Unfortunately, it's still more expensive than sugar ethanol (and gasoline) to create. This is generally because scientists have focused on expensive enzymatic processes that create ethanol at very low concentrations. Range biofuels uses a more straightforward thermo-chemical process to gasify the cellulose and then convert it to ethanol. Range fuels will be creating its ethanol from wood chips, which contain a very large amount of energy (think fire.) The plant, which will be completed in 2008, will create over 100 million gallons of ethanol per year. Think of it as a pilot project. If we can create carbon-neutral fuel from waste economically in 2008, then we're on a good path to dodge peak oil completely. We need to move fast for it to happen. But this is a sign that we might be ready for the challenge. Via Range Fuels and AutoBlogGreen

To: $Mogul who wrote (83592)	7/16/2007 8:34:28 AM
From: westpacific	Read Replies (1) \| Respond to of 110194

Carry trade end game So, if Japanese interest rates will not necessarily kill the Yen carry trade what will be the catalyst for the unwinding? According to Robert Lind, 'It's currency volatility that ultimately kills carry trades. In 1998, the collapse of LTCM was the 'Black Swan' event that triggered more volatility and the end of the trade. By definition, none of us can forecast these events. But in a world of unprecedented financial imbalances, there are plenty of potential triggers for renewed currency volatility and an end to the current carry trade.' I agree with this view. There are huge speculative excesses everywhere in the system. Hence, even a relatively minor event (a US fed fund cut in the fall) could trigger a massive re-pricing of risk and lead to an unwinding of all carry trades. Therefore, a gradual accumulation of Yen and Swiss francs should be considered. This from Marc Faber. ---Whole end game now is when does liquidity dry up, until it does markets stay supported. Once it does go away, markets will go into a big retrench. Getting very late in many major cycle counts and we hit two massive cycle tops in early and mid 2008. West