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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chispas who wrote (71421)11/19/2007 10:23:22 PM
From: andiron  Read Replies (1) | Respond to of 116555
 
fall against what..euro? how?
yen should be in 90s and BOJ doesn't let it fall..
wishful thinking.



To: Chispas who wrote (71421)11/19/2007 11:08:02 PM
From: RealMuLan  Read Replies (2) | Respond to of 116555
 
[but for now, those fat cats still get their fat year-end bonus]--Wall Street Plans $38 Billion of Bonuses as Shareholders Lose
bloomberg.com
By Christine Harper
Enlarge Image/Details

Nov. 19 (Bloomberg) -- Shareholders in the securities industry are having their worst year since 2002, losing $74 billion of their equity. That won't prevent Wall Street from paying record bonuses, totaling almost $38 billion.

That money, split among about 186,000 workers at Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos., equates to an average of $201,500 per person, according to data compiled by Bloomberg. The five biggest U.S. securities firms paid $36 billion to employees last year.

The bigger bonus pool derives from a record $9 billion of fees for arranging acquisitions and $5 billion for underwriting initial public offerings and sales of junk bonds, the most lucrative securities, Bloomberg data show. Bankers' record fees help explain why 2007 will prove to be the industry's second- most profitable after the subprime mortgage market collapse led to losses at Merrill and Bear Stearns. The last time bonuses declined was 2002 when the Standard & Poor's 500 Index fell 23 percent, and Enron Corp. and WorldCom Inc. went bankrupt.

Goldman's record earnings and gains at Morgan Stanley and Lehman mean all the New York-based firms will be forced to pay more in a year when all but Goldman lost more than 20 percent of their market value, said Charles Geisst, finance professor at Manhattan College in Riverdale, New York.

``They're all going to have to fall into line,'' said Geisst, author of ``100 Years of Wall Street.'' ``If Bear and Merrill plead poverty, they're going to lose all of their good people.''



To: Chispas who wrote (71421)11/20/2007 1:29:17 AM
From: stockman_scott  Respond to of 116555
 
Can the Fed's Reflation Policy Stave Off Recession?

seekingalpha.com



To: Chispas who wrote (71421)11/20/2007 3:49:57 AM
From: westpacific  Respond to of 116555
 
Prediction of 90% dollar crash....hard to say.

What you need to do is watch the chart/tape. Tons of grandstanding today, just tons......

We are heading into difficult times, in that I do agree and it could wipe you out if your wrong.

So read the tape, and if the dollar looks headed down the toilet you better have an alternative idea. Because if we do lose 'dollar reserve statis' it is very doable. And you know what, WS blew it with these repacked CDOs they sold all over the globe. You do not think this has lost all trust in the US system, damn right it has. And with derivatives it most likely is going to get much, much worse!

Live in a big city, better come up with a back up plan, think small and have a little land around you to grow some food need be. I sleep a lot better knowing most months out of the year I have food in my garden along with wells to access water. Also a big supply of firewood to provide fuel need be. Made a choice to leave the city for a smaller town and a much more keyed down way of life.

There are many ways to hedge, alternative currency, gold, bonds, treasury notes (non US)....you name it. But if Dollar breaks down much more, do so. For now it could still see a bounce near term. And depending on FED action, this guys prediction could be changed and off base. Right now you have to trust one thing and act - charts.

Two choices for instance and do your own homework.
-New ETF for Treasury Notes non US, BWX
-Always like this fund, MERKX up over 10% since FED cut in August, near 20% on the year.......
-ETFs in the Euro, Yen, Swiss, Australia and Candian Currencies.
-Energy plays may be ok as well.

Just tons of ways to hedge.

West



To: Chispas who wrote (71421)11/20/2007 5:07:17 AM
From: elmatador  Read Replies (2) | Respond to of 116555
 
90% drop? Quickly reverted: "Buy US" season will kick in earnest.



To: Chispas who wrote (71421)11/20/2007 6:01:02 AM
From: Real Man  Read Replies (1) | Respond to of 116555
 
That would be 8000 gold -g-