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

To: TobagoJack who wrote (23397)	10/2/2007 8:40:18 AM
From: elmatador	Respond to of 217795

List of 14 sanctions drawn: After attending a meeting of the United States, Russia, China, France, Germany, Britain and the European Union, Kouchner told reporters the potential measures ranged from: financial and investment freezes to travel and visa bans, an arms embargo and possible restrictions on oil trading. Asked whether some kind of restriction on oil trading was on the list, he said: "I didn't say that it was not. A lot of things are on the list." reuters.com EMAT: -- Travel and visa bans will be reciprocated. Those Euros guys will be thrown out of the country unceremoniously out! -- Oil trading restrictions means: block import of gasoline and their rationing was already implemented have this outcome in mind --Investment freeze (oh! This is a bit difficult!) Perhaps throwing out who’s already in.

To: TobagoJack who wrote (23397)	10/2/2007 9:56:37 AM
From: elmatador	Respond to of 217795

UK does carry trade gorging on cheap Euro money. EU sources say Britain's banks have been clamouring for money in Frankfurt, accounting for a substantial chunk of the €190bn (£132bn) lent last week in the ECB's variable tender operation. "It is fair to say they have been borrowing from the ECB on a very large scale. It's cheap, so why not," said one official heavy use of ECB credit has made it hard for the Bank of England to discipline banks. It has led to a war of words between the two institutions, with London reproaching Frankfurt for laxity and moral hazard, Frankfurt retorting that London had allowed a manageable problem to mushroom into a disaster

To: TobagoJack who wrote (23397)	10/2/2007 9:31:26 PM
From: Slagle	Read Replies (4) \| Respond to of 217795

TJ, There is something new in the world here, or at least in the USA with these "housing deadbeats". Something very different than anything we have seen before. Never before has it been possible for vast numbers of people with such questionable credit to be able to "buy" expensive housing with such ease. Sure, there have been isolated cases where you had an irresponsible banker who extended credit willy-nilly and made lots of bad loans, thereby depleting the banks reserves and at the same time causing a very local version of the "housing bubble" that afflicts this country coast to coast. In fact, I happen to have been witness to such a phenomenon many years ago: In a small southern town there was a young energetic banker with grandiose ideas and political ambitions who had inherited control of a very prosperous local bank and who set about, for reasons only known to himself, to create on a very local basis what we now have all over the country. For a few years there were dump trucks, red mud and construction crews everywhere you looked. Then, after the activities at the bank attracted the attention of the federal bank examiners who quickly put a stop to the local lending boom, you had years and years of foreclosures and bankruptcies. If you throw open the vault to anyone with a desire for money you will attract an endless succession of borrowers as long as the money lasts, and most of these borrowers will not even consider the terms. That is just human nature. OTOH these folks are not really "victims" of anything either. No TJ, I do not believe that anything about this is an "accident". Nothing much in the wired and interconnected world of today is an accident and NOTHING on this vast scale is a matter of chance. What you have here is design, a grand plan to bring about a set of circumstances which has yet to play out but will in good time. Slagle