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To: Real Man who wrote (339838)	8/5/2007 10:38:05 AM
From: Secret_Agent_Man	Respond to of 436258

the first thing to do is get the criminals out of office, all of Them- congress Included-and that aint happening anytime soon-

To: Real Man who wrote (339838)	8/5/2007 12:22:42 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Bernankes fat spread cut? Market Watch is all about a cut. UPDATE 1-FED FOCUS-October FOMC eyed for first rate cut On Thursday, Fed Governor Randall Kroszner repeated the central bank's contention that the subprime mess is not yet affecting the broader U.S. economy. However, on Tuesday William Poole, president of the St. Louis Fed, acknowledged the current greater uncertainty. "The market understands, I believe, that the Fed will act in due time if and when evidence accumulates that action would be appropriate," Poole said. "From its lowest point in May, the three-month average unemployment rate is now up 12 basis points, close to what has triggered Fed easing in the past (about 16 bps) and about one-third of what has typically signaled the onset of recession," economists at Goldman Sachs said in research note. reuters.com

To: Real Man who wrote (339838)	8/5/2007 1:20:43 PM
From: NucTrader	Read Replies (1) \| Respond to of 436258

A point recently made by Marc Faber was that when an economy driven by credit starts to have credit contraction, recession or economic downturn inevitably follows within a short lag period (like a quarter). He expects that in the US. Let me ask you specifically what you think of brokerage money market accounts (non FDIC insured). Behind them lies paper from the likes of: Citibank, Morgan Stanley, GS to name a few. When those assets get "priced to market" what's your money market NAV going to do?