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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22471)	9/14/2007 8:38:49 PM
From: Snowshoe	Read Replies (2) \| Respond to of 219940

Greenspan Book Criticizes Bush And Republicans - 'They Deserved to Lose'; Former Fed Chief Defends Pre-Bubble Rate Cuts By GREG IP and EMILY STEEL September 15, 2007 In a withering critique of his fellow Republicans, former Federal Reserve Chairman Alan Greenspan says in his memoir that the party to which he has belonged all his life deserved to lose power last year for forsaking its small-government principles. In "The Age of Turbulence: Adventures in a New World," published by Penguin Press, Mr. Greenspan criticizes both congressional Republicans and President George W. Bush for abandoning fiscal discipline. The book is scheduled for public release Monday. The Wall Street Journal bought a copy at a bookstore in the New York area. <snip> In coming years, as the globalization process winds down, he predicts inflation will become harder to contain. Recent increases in the price of imports from China and a rise in long-term interest rates suggest "the turn may be upon us sooner rather than later." Left alone, he said, the Fed's policy-making body, the Federal Open Market Committee, can keep inflation between 1% and 2%, but that could require forcing interest rates to double-digits, a level "not seen since the days of Paul Volcker," his predecessor as Fed chairman. "I fear that my successors on the FOMC, as they strive to maintain price stability in the coming quarter century, will run into populist resistance from Congress, if not from the White House," he writes. If the Fed succumbs to that pressure, inflation could rise from a little over 2% at present to an average of 4% to 5% by the year 2030, he writes. Ten-year Treasury yields, now below 5%, will rise to "at least 8%" with the potential to go "significantly higher for brief periods." This, he says, will lead to stagnant returns on stocks and bonds and much smaller gains in housing prices. <snip> more: online.wsj.com amazon.com

To: TobagoJack who wrote (22471)	5/13/2012 1:30:32 AM
From: Snowshoe	Read Replies (1) \| Respond to of 219940

>>JPM will experience the same before the drama is done<< Your 2007 reply to my post about the Northern Rock bank run in the UK! :O)

To: TobagoJack who wrote (22471)	5/13/2012 4:18:28 AM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 219940

:0) good memory my earliest found note mentioning jpm derivatives is Message 16018570 circa 30/06/2001 <<... The Taiwan story is bogus, but the trillions of derivatives in the global economy and in JP Chase mentioned in the story are true. The chemical fertilizer is piled high and deep, high-octane debt fuel liberally sprinkled, derivative fuse exposed to the open flame of financial volatility and confused human emotions. The party can start with one drop of a small match anywhere along the daisy chain of parties and counter parties. Do you really believe I am the one who ought to sweat, profusely, for the reality that you have correctly observed? ...>> next material mention was Message 16024396 circa july 2, 2001 <<Just for fun ... on ball rolling downhill: War in Mid-East War in Korea Assassination of the House of Saud Same of President Chen in Taiwan Failure of JP MORGAN Chase Failure of something big in Tokyo Earthquake epicenter Tokyo Same for volcano GE lifts skirt and show hairy legs Bush appoints Jesse Helm as FED chairman US consumers decide to save Long bond yield heads up for any reason at all Iran and Iraq form alliance, ostensibly defensive in nature, but Kuwait not welcomed Warren Buffet buys entire gold industry ($30 billion chump change) as diversification and portfolio rebalancing move Soros buys entire silver industry as bargaining chip with Buffet Templeton does same with platinum industry Japanese JGB 10-year market blows up, because interest rate is raise by 0.125% Russia decides to sell multiple warhead ready rockets in original titanium hulled deepwater submarine as diversification move Gentically engineered long-life carbon molecule munching bug released in Alaska oil field by accident Mad cows visits Utah and I am sure there are other possibilities, like Greenspan retiring to Bermuda and such Chugs>>